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5 Reasons To Outsource Your Payroll

By Lucy Harvey 10/02/20 at 12:52 pm

A timer showing the passing of time.

Running your own payroll is complicated and time consuming. If you haven’t considered outsourcing your payroll yet, let us help you by giving you the FACTS.

Time

Outsourcing payroll saves time and increases productivity. Keeping track of benefit deductions, new starters and leavers, paid time off and changes in legislation is a frustrating task for anyone. This can be especially trying for someone who also has to run the day to day operations within the business. Outsourcing your payroll allows employers to concentrate on their core business and frees up the business owner to work more on strategic tasks that could ultimately affect your bottom line.

Cost

The direct costs of processing payroll can be greatly reduced by outsourcing your payroll. For small businesses, having an in-house payroll process is a money burner. Work it out yourself, understand how many labour hours you are devoting to payroll activities such as;  calculating payroll each time period, printing, signing and distributing payslips, software and program maintenance, training and support, keeping up with changes in tax rates and legislation, preparing and remitting payroll taxes…the list goes on!

Calculate how much you’re spending and compare the amount to the plans offered to by us – we know you’ll be surprised by the result.

Dedicated Team Of Experts

Regulations are constantly changing and it’s quite understandable that business owners and payroll related staff do not have the time to research and study these changes. By outsourcing payroll, your business can take advantage of expertise that was previously available only to large companies.

We have a team of experts who handle the many areas of Payroll to ensure you keep compliant.

Mistakes

Penalties for errors or late payroll tax filings can be costly. Payroll mistakes are painful, angering employees and not reporting timely or accurately to the government creates red flags to the HMRC. Business owners are not expected to be experts in the challenging world of tax regulations, however at the same time they are legally responsible for any cases of misrepresentation or failure to comply.

Professional payroll providers like us at Godfrey Laws stay current with rules, regulations and changes in tax rates so we can be the reputable company we are widely known to be.

Technology Advancement

Avoid technology advancement costs – paying a maintenance fee and having to upgrade software is an ongoing cost. Outsourcing your payroll removes those costs and keeps payroll running smoothly with peace of mind that your payroll provider is using the most up-to-date knowledge and technology.

At Godfrey Laws, we are fully certified and accredited in Quickbooks, Xero, and Moneysoft.

There are so many more reasons why outsourcing your payroll processing to a professional payroll provider like Godfrey Laws is the best thing you could do for your business, however we wanted to give you the 5 main facts.

To help make your decision easier, we are offering a marvelous money saving offer for new clients that join us before April 30th

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