Payroll Services in Preston

Payroll

Payroll compliance is an important consideration for HR and payroll professionals.

You need to make sure you can protect your payroll team – and your business as a whole – from any penalties that may stem from non-compliance.

Why outsource to us?

If any of these sound familiar, then it may be time for you to consider outsourcing your payroll:

• Repeated errors in pay accuracy
• Struggle to retain qualified payroll staff
• Business growing faster than your payroll can keep up
• Looking to improve service
• Looking to reduce risk
• Looking to reduce payroll costs for your business
• Worry about compliance
• Unsure about furlough calculations

Getting payroll wrong can be a problem

Payroll is a vital function of business and getting it wrong can not only have a financial impact, but can also have legal repercussions, as well as damaging your business’s reputation. As such, outsourcing your payroll can give you peace of mind and let you focus more time on other areas of your business.

YouGov found that 70% of organisations outsource part of their business, with payroll the second most outsourced function with 28% of businesses using external partners.

This allows your internal staff to focus their efforts elsewhere, providing a boost to your business.

Keep you up to date and compliant

There are over 170 pieces of legislation affecting payroll, and that number is growing all the time. This can make it hard to keep up to date and result in hours of scrolling through the CIPP and HMRC legislation, trying to get to grips with the upcoming changes. There are so many fact sheets and need to knows that is can be overwhelming, especially when it comes to how you should apply the rules to your payroll process.

Reduce Risk

If you choose to keep your payroll in house, you run the risk of making costly errors. Here are some of the things that can incur penalties from HMRC:

Late payment penalties on PAYE

Construction Industry Scheme (CIS) deductions

Class 1 National Insurance Contributions

Late payment of Employer Payment Submission (EPS) or Full Payment Submission (FPS) – This can leave you with a fine of £400 a month.

We provide expert service in all aspects of payroll, including current and future regulations, using the latest techniques and software, keeping everything running when the industry changes. This helps you to keep up to date without focusing on the minute details of payroll regulations, leaving you with more time to spend on your business.

It can save you money

The outsourcing of your payroll can save you time, which you can then spend growing your business. It can also save your money, as you no longer have to train up and recruit highly-skilled payroll specialists. Outsourcing Payroll used to be seen as an extra, but when you factor in the cost of employee time it is often cheaper to outsource. 32% of SME’s outsourced their payroll because it is cheaper, according to a YouGov poll.

Remove a single point of failure

Do you have a succession plan within your payroll department? Only 43.88% did when asked by CIPP in 2019. Is this the case for your business? If so, what happens if this person is absent, could you continue to pay your employees on time and keep in line with the legislation?

By using our payroll service, you remove this risk entirely, guaranteeing your staff get paid the right amount on time.

Joining us is as easy as 1-2-3

Changing your payroll provider couldn’t be more simple, and we help you along every step of the way.

You just contact your payroll provider, and we do the rest, making the process as simple and easy as possible.

We will then contact your current payroll provider and get all the details we need to ensure a seamless transition, and you don’t even have to wait until your year-end!