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.

New Business? Learn The Benefits Of Payroll Outsourcing

Payroll management is a difficult and complex task as it isn’t just limited to managing employee time and preparing payslips. An accurate payslip is a result of efficient tracking, calculation and administration. As an employer, one must ensure that the staff are paid correctly and on time.

To do this you must first understand and identify your company’s size and compliance requirements of your payroll, monthly and annually.

As a startup or small business, one may struggle with the investments required in industry-grade accounting software, manpower and other key payroll management functions. However rather than pay these costs, your business can access expert service and business advice when outsourcing payroll to a reliable provider. Keep reading to know more.

Reduce stress

It often depends on your company’s size, budget and tax obligations when choosing between in-house payroll management and outsourcing. A small business should avoid the expense of buying and keeping a costly payroll system.

If you are a local publisher, your field of expertise is unlikely to be payroll services. There’s no point investing in technology that you are not sure how to utilise. Payroll processing, administrative and compliance functions require the training and expertise you may not have.

Outsourcing to a reliable third-party service provider to take care of all your payroll needs reduces a huge burden on your shoulders. Cut down on stress to run a business successfully.

Access to expertise

When outsourcing your payroll, the service provider will prepare payslips and handle all administrative and compliance functions. The professionals have the expertise that will save you time and effort, and allow you to focus on your company’s core tasks.

A payroll service can check your compliance, will calculate payments due and will reduce the chance of errors, oversights or late filings.

The professionals of payroll provider UK will mae all the required submission to HMRC, the Pension regulator and your pension provider, to prevent penalties and fines.

Updation of the system after legislation change

Reputed payroll providers accept full responsibility for system updation, implementation of changes and communication with the clients after any changes in legislation. Consequently, the company keeps ahead of the changes to keep your business compliant.

Conclusion

The benefits of payroll outsourcing listed above can make your life easier as a business owner. Don’t miss out on the perks of advances in science and technology!