Payroll Services
Outsourcing payroll has become very popular for small business, as owners just like you seek peace of mind that the payroll will be done accurately and on time every time.
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A major benefit is the time and cost savings. Outsourcing payroll can save small business owners significant time and resources by reducing the need to manage and maintain payroll systems, processes, and software.
Additionally, outsourcing payroll can also save cost by reducing the need to employ in-house non-profit generating staff to handle the payroll function, thus avoiding the associated expenses such as salaries and benefits.
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Another benefit of outsourcing payroll is the level of expertise and compliance that comes with it. Outsourcing payroll to a professional payroll service provider ensures that the business is always compliant with the latest payroll laws and regulations. This is particularly important as payroll laws and regulations are complex and change frequently, and non-compliance can result in financial penalties.
Additionally, outsourcing payroll also ensures that the business is not exposed to any legal or reputational risks that might arise from payroll errors or non-compliance.
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For the first 3 years of our business life we kept hold of everything, including processing payroll.
As the business grew we employed more staff and with that came more complexities around holidays, maternity pay, sick days, pension contributions.
The payroll software we were using was creaking and costly, there was a mad state of panic in the final week of each month which was causing more build up of stress.
It was during a presentation given by Daniel at a networking event that the penny dropped and I realised that outsourcing was the way forward.
The fees we pay are competitive and reasonable especially when compared to the cost of hiring and training an in-house expert.
I have peace of mind that my employees will all be paid correctly and on time and the cost savings have been diverted into marketing and generating more sales.
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