Building a start-up is a whole lot of hard work. From creating a marketing strategy to speaking with investors, there are plenty of tasks to keep your to-do list full while you set up your business, and even more when it’s time to grow. With that in mind, anywhere you can outsource is a win for your schedule, including when it comes to your payroll.
As one of the most repetitive admin tasks, outsourcing payroll services in Horsham is a smart move for start-ups. Learn more about why it’s a great idea and how it can fuel business growth in this guide.
Save Time and Reduce Stress
From calculating wages to filing taxes and distributing pay slips, payroll is rarely a simple task. It’s time-consuming and requires you to be absolutely spot-on with your figures, both from a legal standpoint and in terms of keeping your employees happy. By outsourcing your payroll in Horsham, you hand the burden over to our team of professionals, cutting down the tasks on your monthly to-do list. This saves a lot of time, giving you more hours in the day to focus on growth strategies.
Avoid Legal Fines
It’s normal for your start-up’s budget to be a little tight, and following your finances closely is always a smart idea. The last thing your business account needs? A hefty legal fine. But if you don’t comply with regulations surrounding the Pay As You Earn (PAYE) system and National Insurance contributions (NICs), or you make a mistake, it could land you in legal hot water. Monthly fines can reach up to £400, which is a blow to tight budgets.
Hiring a team of payroll experts is an easy way to steer clear of fines, ensuring your start-up complies with HMRC without adding to your stress.
Increase Data Security
Our payroll services in Horsham prioritise top-quality data security. This includes your start-up’s financial information as well as your employees’ personal details. We comply with GDPR regulations and use reliable, trusted software to carry out your payroll, including end-to-end encryption of your data. This protects your business from legal issues and highlights your commitment to keeping your team’s data safe, leaving you more time to focus on the bigger picture of start-up growth.
Maximise Employee Satisfaction
Well-managed payroll is crucial if you want a happy team. Being paid accurately and on time is a brilliant way to boost employee satisfaction, helping you retain your top talent and keeping your staff loyal to your business. As a start-up owner, outsourcing your payroll makes this easy, with a team dedicated to ensuring accurate, timely payments. We can also help settle any pay disputes quickly and calmly, reducing the impact on your wider business and brand image.
Cost-Effective in the Long Term
While outsourcing your payroll does add an expense to your start-up’s budget, it’s a clever and cost-effective investment. You could end up saving money in potential legal fees and employee turnover, for instance. It also gives you (and your team) a lot more time to develop your start-up and the growth strategies that will skyrocket your business’s success, making it more likely you’ll succeed in a competitive industry.
Outsource With Our Payroll Services in Horsham
At Angel Bookkeeping and Payroll Services, we take the burden of paying your employees off your shoulders. With an excellent reputation, a fleet of happy clients, and a fully-qualified team, we’re the go-to choice for payroll services in Horsham.
Contact us today to learn more or request a quote for outsourcing your payroll.