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.

Have you filed your P11D/ P11D(b)

The deadline is fast approaching for employers to file details of their employee’s expenses and benefits for the 2017/18 tax year.

You will need to submit a return to HMRC to confirm the Class 1A National insurance contributions due. Depending on how you have treated your Benefits in the 2017/18 will depend on which forms you will need to submit.

If you have been ‘Payrolling’ your expenses and benefits
For Employers that have been taxing benefits through the payroll for your employee (called ‘payrolling’ your benefits), you should have registered this with HMRC before the start of the tax year (6 April 2017).

You are therefore not required to submit a P11D form for employees if you’re paying tax on all their benefits through your payroll. However, you’ll still need to submit a P11D(b) form so you can pay any Class 1A National Insurance you owe.

For Employers that have not been ‘Payrolling’ your expenses and benefits
You will need to complete a P11D for each employee that has received expenses a Benefits in 2017/18, as well as complete the P11D(b).

Deadlines:

6th July 2018 is the deadline for:
Submitting P11D to HMRC (online)
Giving your employees a copy of the information on the P11D
Telling HMRC the total amount of Class 1A National insurance you owe on the form P11D(b)

Payments of the Class 1A National insurance must reach HMRC by 22nd July (19th July if you pay by Cheque).

Contact us
Contact the payroll team by completing the form on our website. Alternatively, you can call us on 020 8977 3559 at our Hampton Wick office to speak to an adviser.