Why Outsource Your Payroll?
If you own a small or medium sized business you have many different rules and regulations which you have to comply with, and have serious financial consequences if you don’t. Compliance responsibilities don’t make you any money. In fact it does the exact opposite, because they take up time, and often incur expense, which means that you are not actually making any money while attending to them, but actually losing money instead.
Other activities also result in lost income because, while they are a part of the overhead, you either have to pay for them or do them yourself, are things such as cleaning the office. You need a cleaner, or cleaners, just to keep things satisfactory for your employees. It’s fair enough, but still an overhead.
When you add up all these requirements, whether legal necessities or not, they all take away from your bottom line. Outsourcing a lot of them can actually reduce your expenditure and at the same time give you something that cannot be replaced: time. When you outsource a lot of these services, they will probably cost you less to run, and will also free up your time so that you can attend to the important stuff: running your business and providing goods and/or services to your customers and increasing profit.
And we are not just talking about cleaning the office here. For instance, if you are a manufacturer, it might be a lot less expensive to have some parts of your product made by a specialist company that can make them faster and for less than you can do it yourself. Perhaps you can make a part yourself and then outsource the cleaning and polishing to a specialist. The possibilities are almost endless. It is just a question of working out the pros and cons and then outsourcing the ones that will save you money and time.
One of the things that all employers have to deal with is payroll. If you happen to be Richard Branson, then no doubt you can afford to employ a bunch of people to handle that for you in-house. And it will cost less than outsourcing it when you have that many employees.
However, assuming that you are not Sir Richard Branson, and you have ten, twenty or fifty employees, then handing that job over to one of the payroll outsourcing companies in London such as PayCheck, can save you a lot of money and a lot of aggro.
It works in exactly the same way as outsourcing the manufacture of certain parts, or polishing and finishing, and so on. We are geared up to handle payroll and auto enrolment pension schemes, exclusively.
So we are very good at it (our many clients say the best) and we can get it done faster, for less, and with an accuracy that you won’t be able to achieve by using the DIY method. In fact, that is why we have hundreds clients for whom we handle payroll because they know that we will do a better and more thorough job, and it will cost them less overall. Not only that, it frees them up to do what they do best, and the end result of that is that they have a bunch of happy customers who are delighted to pay them for their products and services.
So, if you are considering payroll outsourcing companies in London to handle your own payroll, then come and talk to us at PayCheck and let us answer all your questions. You’ll be pleasantly surprised.
If you have had enough trying to negotiate the payroll minefield, go ahead and contact our friendly team on 02074981133!