Optimising your business processes? Outsourcing your payroll to a payroll bureau can help you free up time and improve efficiency. Whether you’ve just hired your first employee or you’re looking to streamline your in-house accountancy, we can help. Learn how to outsource your payroll in this complete guide.
What is Payroll Outsourcing?
When you outsource to a payroll bureau, you hand over the tasks involved in your payroll to an external team. Rather than taking care of calculations, tax deductions, and employee payments within your business, a team like ours will do it for you.
Your only responsibility is to make sure we have the employee information we need to sort your payroll – and we’ll make that a breeze.
It’s not just businesses that outsource payroll. Other accountants and bookkeepers can use our payroll bureau when their schedules become too busy, leaving their teams more time to focus on accounts while we take care of payroll.
What Can a Payroll Bureau Do For Your Business?
If you’re thinking about outsourcing your payroll, it’s a great idea to take a look at exactly how your business will benefit. Let’s take a look at some of the main perks to learn more.
Reduce Your To-Do List and Save Time
It’s standard to pay your employees on a monthly basis. This means that common payroll tasks – like inputting timesheets and submitting reports to HMRC’s Pay As You Earn (PAYE) – need to be completed every month, taking up a whole lot of time.
After just a few rounds of payroll, a lot of business owners are happy to pass on the task to our team.
We take care of all the recurring payroll jobs so that you don’t have to. This frees up countless hours every month and shortens your to-do list, leaving you more time to focus on your business growth – or put your feet up and have a cuppa!
Improve Employee Satisfaction
It’s a legal requirement that you pay your employees on the agreed-upon day. Any delays or miscalculations, and you’re leaving your business liable to a whole host of legal issues. Stay in the clear by outsourcing to a payroll bureau, where our sole focus is ensuring your payroll is completed accurately and on time, every time.
Make Tax Compliance Easier
Payroll is closely monitored by HMRC and comes with a heap of tax regulations. These are subject to change, too, and when they do, there’s no big alarm or waving flag to let you know. It’s up to you to stay ahead of regulations – unless you outsource to a payroll bureau.
As payroll and finance professionals, we know everything that’s going on in the finance world. That includes changes to tax regulations. With an in-depth knowledge of the PAYE system and tax updates, we’ll make maintaining compliance easy.
What to Expect When Outsourcing to a Payroll Bureau?
We’ve taken a look at some of the benefits of working with a payroll bureau, but it’s also useful to know what you can expect from our team. From the services we offer to our guarantees, let’s check out what you’ll gain from us:
Complete Payroll Processing
We take care of the essential payroll tasks, including:
- Calculating how much you need to pay your employees (including maternity and sick pay)
- Organising staff pension contributions
- Scheduling payments
- Creating and sending payslips to your team
- Creating and submitting compliant documents to HMRC for tax compliance
- Year-end processing with P60s if/when they’re needed
- Securing your employee and business payroll data according to the UK Data Protection Act
Access to Cloud-Based Payroll Software
At Angel Bookkeeping and Payroll Services, we use BrightPay to organise your payroll and manage your books. When you work with us, we’ll digitise your records and give you access to our cloud-based payroll software, creating a modern system for your accounts.
Cloud-based payroll streamlines communication, creates a clear digital record of your business’s payroll payments, and allows you to access your data on the go. Sounds good? Learn more about the benefits in our Guide to Professional Bookkeeping Software.
Simplified Payments With Modulr
We’ll automate your payroll payments using Modulr, a reliable payment software designed to streamline payroll and enhance security. This ensures accuracy and efficiency when making payments to your team and helps everybody get paid on time. Simple!
Learn more about how Modulr increases accuracy and improves payment security in our Guide to Modulr for Easy Payroll.
Get Tax Year-End Ready
When working with our team, you won’t need to worry about tax. We’ll fulfil all of your PAYE obligations and deal with HMRC queries so that you can get on with running your business without any tax-related stress.
By maintaining clear records of your payroll and other financial costs, we can also help streamline your tax year-end. Know your figures and provide proof of your expenses with our professional record-keeping and payroll services.
Professional Financial Reports
As a payroll bureau, we know a thing or two about finance. Using our insights alongside the data collected from our fleet of cloud-based payroll software, we can provide valuable financial reports for your business. You might, for example, want to know how much your payroll costs have increased over the past 5 years in comparison to your growth. Ask our team and we’ll help you access the data you need.
Payroll Bureau FAQs
Got a question about outsourcing to a payroll bureau? We’ve answered these FAQs to guide your next steps.
What is outsourcing in payroll?
Outsourcing in payroll involves handing over your payroll tasks to an external payroll bureau, like our team. We’ll carry out all of your key payroll tasks in our office, removing the need for in-house payroll management and saving you countless hours of admin.
How much does payroll outsourcing cost?
How much you spend on payroll outsourcing depends on the size of your business. For instance, an organisation with 100 employees will spend a significant amount of time on payroll tasks, and will therefore spend more when outsourcing to a payroll bureau. A small business with only 1 or 2 employees is likely to be quoted less. For an accurate idea of how much outsourcing to a payroll bureau will cost your business, contact us for a quote.
How does a payroll bureau work?
Payroll bureaus provide payroll services for their clients. This can be alongside other accountancy or bookkeeping services, like submitting tax and VAT returns, or as a sole service. Payroll bureaus handle all aspects of paying employees on behalf of their clients. This includes processing employee wages, calculating tax and National Insurance contributions, issuing payslips, submitting reports to HMRC, and ensuring compliance with employment and tax laws.
Contact Our Payroll Bureau for More Information
Considering outsourcing to a payroll bureau? Reach out to our team, tell us a little about what you need, and we’ll let you know how we can help. Contact us today for payroll outsourcing.