Five reasons to outsource your payroll

Meeting your obligations as an employer to your staff and HM Revenue and Customs (HMRC) can be confusing and time-consuming, putting the brakes on doing what you do best – running your business.

If you want to maintain payroll compliance while staying ahead of any red tape challenges or reporting deadlines, then we've put together five clear benefits of outsourcing your payroll to a professional payroll provider:

1. Payroll software that links to an employee calendar

Our dedicated payroll team use HMRC approved payroll software. This software allows employers to easily manage annual leave, sick leave, maternity leave and paternity leave.

The employee calendar allows employers to view the number of annual leave days remaining for each employee and how frequently an employee is on sick leave.

When an employee requests annual leave, employers can authorise or reject the request with changes automatically synchronising back to the payroll software. This means our team have the information and you won’t need to inform us separately.

2. Employer dashboard provides clear payroll overview

Our payroll team offers access to an online portalwith an employer dashboard and top-down overview of your business’ payroll function.

This provides an overview of employer details, amounts due to HMRC, upcoming calendar eventsand notifications such as outstanding employee requests made via the portal.

3. Human Resources (HR) documentation in one, secure, online location

Employers can upload all sensitive HR documentation to a secure online portal. This includes employee contracts and company handbooks, disciplinary documents, company newsletters and training material.

4. Stay ahead of new payroll legislation

By the very nature of being a specialist payroll provider, we have the expertise and awareness to ensure businesses are always well prepared to comply with new payroll legislation.

This not only helps your business to move with the times, it helps you to avoid costly penalty fines.

5. Full access to payroll data for employers and employees

An online portal give employers and employees 24/7 access to their data, including all reports. Your employees can receive digital payslips, P60s and P45s.

Outsourcing your payroll to a professional service should also come with a friendly team who can answer any questions you may have about your payroll so you can rest easy knowing everything is in hand.

How TaxAssist Accountants can help you with your payroll needs

At TaxAssist Accountants we can oversee your payroll processes to take care of everything for your business. We only use HMRC and RTI compliant payroll software that helps businesses fulfil their payroll duties.

For a free initial consultation on our managed payroll service, call us today on 0203 862 2059 or drop us a line using our online enquiry form.

Date published 5 Aug 2019 | Last updated 23 Feb 2024

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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