Outsourcing payroll reduces your workload

When your business starts to take on employees

, it's likely your workload will increase despite your newly hired help. This is because employing people comes with many extra responsibilities which must be regularly taken care of. You are now responsible for paying them regularly and on time (59% of respondents in a recent Canadian survey reported that they would experience financial difficulties if their pay was delayed), ensuring employees' taxes are accurately deducted and passed onto HMRC at the appropriate time, and being on hand to swiftly correct any errors that may occur.

Payroll is going to take up your precious time; you'll have to accumulate knowledge of new computer systems, tax codes and stay up to date with ever-changing employment legislation. The repercussions of HR and payroll errors are wide-ranging, and tax errors can be expensive.

Your area of expertise may not be payroll - otherwise it's likely you would have started your business in that area instead. Choosing to employ payroll companies to do what they know best leaves you free to concentrate on your business success. In fact, you only need to employ 10 or more people for the time saved by external payroll solutions to outweigh any financial costs incurred.

As a small company, you need to be able to start as small as you need (or can afford), with the option to expand the service as your business grows. It may even reduce your workload significantly to simply have access to secure payroll software, customised to your business, which you use yourself. Here at Moorepay, we offer a flexible service that can be regularly reviewed in line with your business needs, which means that when you're ready we can even manage everything on your behalf. Remember, employees are there to lighten your workload, not increase it.

Outsourcing payroll reduces your workload

By: abel

POST COMMENT

Document Scanning -to Outsource Or Not To Outsource? Knowing The Benefits Of Offshore Outsourcing Call Center Should You Outsource Bookkeeping? SEO Outsource India – Cost effective Reasons For Outsourcing Human Resources Outsourcing Human Resources Outsource Your Data Entry Work With 3alphadataentry 5 Reason Outsourcing Data Entry Why Beneficial Why You Should Outsource Dictation Work 5 Accounting Areas That Should Be Outsourced Other Benefits Of Outsourcing Bookkeeping Outsourcing Data Entry - A Right Move Delegation and Outsourcing