Considering outsourcing your payroll?
Outsourcing payroll can be a cost effective solution to any sized business especially if you only have a few employees. Typically, new businesses who need to take on staff will have many costs to consider. This is especially true when it comes to running payroll.
Payroll is a complex aspect of any business and has wide reaching consequences if mistakes are made. Employing someone to run your payroll adds additional expenses to the business. These could be additional training costs, ongoing monthly or weekly wages and software subscriptions. All of these can add substantial costs to your business.
By employing a dedicated individual to manage and process your payroll you could also find that there isn’t enough work to fill that persons day. Therefore you will be paying for time that could be better spent elsewhere.
Why is outsourced payroll cheaper?
By outsourcing your payroll you are only paying a small fee each time the payroll is run. Our payroll fees start from as little as £1.90 per payslip. So when you consider we can run weekly and monthly pay runs and offer such good value, outsourcing is more favourable.
When you compare this small fee to employing a payroll professional and investing in ongoing training and software the price of outsourcing is dwarfed by your potential costs of an in house payroll.
Here at Thomas & Bell we have invested heavily in training and computerised payroll systems so that we can process payroll quickly and accurately. We maintain our knowledge and ensure we are aware of changing legislation. Therefore as a client you don’t need to.
What's included in outsourced payroll?
Our outsourced payroll offers a complete payroll service. Therefore our fee includes everything you will need to process the pay of your employees.
We will ensure your employees receives payslips as well as communicating with HMRC to report your payroll figures each period.
We will maintain your payroll and ensure you have the relevant payroll reports and reminders about payments so you wont miss a deadline.