There are many great reasons for outsourcing payroll if you are running a small to medium business and need to ensure it is handled by competent and experienced professionals. Outsourcing payroll is cheaper than many people think, and it can save you a great deal of time and stress. In this article, we will discuss the advantages of outsourcing payroll and explain why it could be such a fantastic decision for your company. Read on to find out more about the benefits of outsourcing payroll to a firm that you can trust.
Save time and cut down stress
When you opt for payroll services from a company that you can trust, you can rest assured that things will be processed accurately and on time, every time. Payroll can be incredibly time-consuming and can take you away from your core business duties. It can also be very complicated. Running your own in-house payroll department isn’t financially viable for many small-to-medium businesses, so it often makes perfect sense to outsource these duties to others.
Don’t fall behind legislative changes
Payroll legislation frequently changes, and it can be very hard to keep up to date with it if you are not an expert in this area. Paying internal members of staff to carry out payroll duties can also be very expensive. Even if you have payroll experience, these duties can take up time that could be better spent on other duties. When you opt for a specialist payroll company such as One Click, you can vastly reduce the chances of your business being affected by costly errors and avoid a great deal of stress.
The latest payroll technology
Another great reason to choose us for payroll is that we constantly invest in the very latest payroll technology so you can benefit from it. We also keep up to date with the very latest developments in payroll legislation, so your company is always compliant. Outsourcing payroll can reduce your overheads considerably, saving you money on salaries, training and software. We mustn’t underestimate how costly payroll errors can be – if a mistake does occur, you could spend far more than you need to, and putting it right can be very time-consuming. By outsourcing payroll to experienced personnel, you can avoid penalties and errors whilst gaining the peace of mind that you require.
The outsourcing of payroll can also make your business more secure. The latest payroll technology is designed to keep your data as safe and secure as possible. It will also prevent your sensitive payroll data being tampered with by people inside and outside of your business. We have been managing the payroll for hundreds of people every day for many years and can offer some of the most competitive prices for payroll services on the market, without ever forcing you to compromise on quality. What’s more, is that you could be set up within just a day once you enlist us to deal with your payroll duties on your behalf. We take what we do very seriously and always endeavour to provide payroll services of the highest possible calibre.
Ensure documentation is dealt with effectively
Because we have been dealing with large volumes for so long, you can rest assured that you’ll be dealing with a highly efficient and dependable payroll company. We can also deal with all relevant paperwork on your behalf, with documents such as P11Ds being handled by us. Also dealt with by our expert team are RTIs and year-end returns. We know that what’s right for one company won’t always be the best match for another, so there are numerous levels of service to choose from. These include our fully managed payroll service or a simple bespoke pay processing service. There is no need to pay for any services that are not likely to be of benefit to you – simply opt for the features that you need to keep costs to a minimum.
What else makes payroll outsourcing best for SMEs?
Let’s take a look at more of the reasons why big payroll teams aren’t suitable for many most small-to-medium businesses. The costs related to buying payroll software, printers, printing out payslips and creating tax documents can all add up to considerable amounts. Many activities are also incredibly time-consuming. When you outsource to a trustworthy and reliable firm, you can spend much less time and money on ensuring payroll is dealt with effectively. Team members can focus their efforts on other vital tasks once you have outsourced payroll, and you may even be able to reduce the size of your team. It’s also vital that you appreciate the cost of ongoing payroll training when weighing up the pros and cons of keeping things in-house.
Benefit from our experience
When experienced staff are carrying out these duties for you, they can complete them in a short time-frame without making costly errors. This means issues can quickly be resolved when they arise, so business doesn’t grind to a halt. You won’t have to worry about members of your payroll team being absent from work once you have outsourced payroll, and you won’t need to deal with the headache of replacing them if they head off for pastures new. You’ll also be able to avoid spending time training their replacement to use your payroll system.
Find out more about One Click payroll services today If you’re ready to remove the fuss, stress and strain that can come with paying your staff, we can help. Once you outsource payroll to us, you can rest assured that payroll is being handled by experienced professionals that are fully up-to-date with the latest legislation and will keep you completely compliant. To find out more about the benefits of outsourcing payroll to One Click, get in touch with us today.
Along with over 13 years experience in the contractor payroll industry, and after spending most of his working life as a financial advisor in the regulated financial services industry, Mike has garnered an extensive network of contacts in the recruitment industry, many of whom trust both him and the One Click Group to handle their accounting. Mike has also been a member of various industry bodies throughout the years, such as the British Institute of Recruiters, in order to champion best practices across the contractor payroll industry.