Payroll in 2021 as a Pain: Outsourcing it Today is the Way To Go
Running a business in 2021 is far more complex than it ever was only 40 or 50 years ago. Back in the day, we just didn’t have the mass of legal requirements and rules to follow that we have today. We also didn’t have things such as employees taking us to court for unfair dismissal: if we decided as a business owner that someone was going to get fired, then they got fired, and that was that. We ran our businesses fairly, but we ran them in our own way.
Today, you have to run a business the way that the government tells you to run it. It is like having big brother standing over you telling you what you can do, what you can’t do, what you should do, what you shouldn’t do, when you can do it and when you can’t and so on. It does sometimes make you wonder if running your own business is all really worth it, but at the end of the day we just grin and bear it and buckle down and ensure that everything we do is compliant with what the “big boss” tells us to do.
One of the things that has got more and more complicated is payroll. This is especially the case for small businesses because if you run a large business with several hundred employees, you can probably justify taking on a specialist to oversee and run your payroll for the simple reason that there is so much of it. However, when you “only” have 20 employees, or even 50 or 100, you cannot justify taking on someone full time, so what happens is that another staff member gets saddled with the job for the two days a week or however long it takes.
That in turn can lead to more problems because that staff member is not a specialist and despite the fact that you see to it that they have basic training, that is all it is: basic. This potentially means that it is easy for that staff member to make errors and you will likely not know about those errors until you get a call from the tax man waving a fine in your face for providing incorrect tax returns and paying too little.
Of course, there is another issue and that is that the staff member dealing with your payroll could potentially become ill. What do you do if your payroll supervisor goes sick three days before pay day? You can’t just turn round and tell your employees that pay is going to be late this month until the supervisor gets back to work, so you have to dive in and try to sort it out yourself. No matter how competent an individual you may be, it is likely that you are going to make mistakes because you are not handling it on a day-to-day basis and therefore you cannot keep up with all the changes that can occur. Even if your payroll supervisor doesn’t go sick, they will want to take holidays.
These are the reasons why you will be far better off if you outsource your employees’ payroll to us at PayCheck. First and foremost, we are specialists at what we do. That means that we keep up to date with every last little change in the laws, so that everything is compliant. Certainly, we do from time to time have a staff member go sick, but there are enough of us to keep everything running as it should.
When you outsource your employees’ payroll to PayCheck we can handle absolutely everything for you for an agreed monthly fee with no extras. So your payroll is done on time and correctly which will ultimately cost you less than doing it in house.