How does outsourcing payroll work?

It is a very simple process. You just need to sign up with us for a free trial or contact us directly. We will then ask you to provide us with the information for your payroll online. That’s all you need to do. Payslips and reports are sent to your online secure system.

Should I outsource my payroll?

Yes, you definitely should. Business consultants have made it clear that outsourcing some of the non-core functions to professionals can be good for your business. It helps you save time and money, get expertise, ensure compliance with government regulations and make payroll processing safe and secure. Most importantly, you employ your resources on your central functions which allow you to generate more income as well as saving costs.

How much does it cost to outsource payroll?

With 1 employee in your company, dhPayroll is less than £15 per month. We work on a sliding scale so that you only pay for the work we do, and that helps you keep your costs to a minimum. Costs can be as little at £3 per payslip for larger companies with 50 or more employees. We can further reduce by tailoring costs if your payroll is weekly or you have more than 100 employees, so please contact us in any case for further information on the costs. We would be pleased to discuss your requirements and provide you with a quote.

Is outsourcing payroll cost-effective?

Yes, payroll outsourcing is a very cost-effective solution for your business. Think of all the time and money that is spent in calculating payroll in each period, printing, signing and distributing payslips and making payments, software maintenance, keeping up with changes in tax rates and other training issues, recruiting and training payroll staff, along with premises and other IT costs associated with internal payroll staff. Outsourcing is definitely going to cost you less.

When should you outsource payroll?

You should outsource your payroll when you feel that the cost of getting it done in-house is more than outsourcing it to professionals, but also you would like the added benefits of security and simple effective software and secure online access to payslips and P60s for your team. It is best to focus on the core functions of your organisation because that is what drives your business and makes your company successful.

5 Ways How Online Payroll Service Can Benefit Your Business

As a small business owner, you’d know the long hours needed to keep your business afloat. From designing winning marketing campaigns to managing inventory, there’s always something that needs your attention. Add managing payroll to that list, and it can feel like you’re constantly playing catch up.

Outsourcing your payroll to a specialist online payroll services company can take a load off your mind – and free up valuable time that you can reinvest into your business. Here are five ways a payroll service can benefit your small business.

Help You Comply With The Latest Regulations

The world of payroll is constantly changing, with new laws and regulations being constantly introduced. Trying to keep on top of the updates can be a full-time job in itself – and one that you probably don’t have the time for.

A Payroll Services Surrey company will ensure you’re always compliant with the latest legislation, so you can rest easy knowing that you’re not at risk of any penalties or fines.

Handle All The Paperwork For You

There’s a lot of paperwork involved in managing payroll. It can be time-consuming and confusing, particularly if you’re not used to dealing with it regularly.

When you outsource your payroll to an online service, they’ll take care of all the paperwork for you. This includes issuing payslips, pension letters, SMP and SSP forms and preparing year-end forms such as P60s and P11Ds.

Complete all HMRC returns

A payroll provider will make sure that your FPS and EPS submissions are made correctly and on time each pay run, and that the end of year return is filed on time, avoiding penalties and HMRC charges for late or incorrect submissions.

Help You Save Money

Many small businesses make the mistake of thinking that outsourcing their payroll will be expensive. In reality, it can help you save money in the long run.

Using a payroll service can avoid costly mistakes that could lead to penalties from HMRC. Moreover, you’ll also save money on things like stationery and postage, as most online services offer electronic payslips that can be emailed directly to employees.

Offer A Wide Range Of Additional Services

Most online payroll services offer a wide range of additional services that can be helpful for small businesses. For example, some companies offer bookkeeping support and advices which can be invaluable if you don’t have your own accounts department.

Others provide online portals, allowing employees to view their payslips and payroll documents online. This can save you a lot of time when it comes to distributing sensitive paperwork to your employees and dealing with queries from staff members for copy documentation.

Final Word

Outsourcing your payroll to an payroll service can be a great way to save time and money. It can also help you free up valuable resources that can be reinvested into your business. So, an online payroll service could be the perfect solution if you’re looking for a way to streamline your payroll process.

5 Ways how an online payroll service can benefit your business