Whether you run your payroll in-house or through an outsourced provider is an important decision to make.
To run the payroll yourself, you’ll need to know the basic elements of setting up PAYE, employee records and managing pay, holiday and other employee pay issues – find out more about how to set up a payroll system here
- For small business with only one or two employees, it’s possible to manage your payroll yourself – but remember it will eat into your business time each month.
- For businesses with more than a couple of employees, or where you’d rather hand over the reins of running your payroll to a third party, signing up with an outsourced payroll provider makes a lot of sense. You spend less time on payroll admin and more time focusing on the things that matter to you as a business owner.
Working with an accountant who offers payroll services, or a specialist outsourced payroll provider, takes the payroll admin weight off your shoulders. When you have payroll expert on board, your systems will be set up right, your processes will be efficient and you’ll always have someone at hand to ask any tricky questions relating to employee pay and benefits.
With your payroll outsourced to a specialist, you can forget about this and let the professionals take care of all the checks, updates and payroll procedures.
If you’d like us to run your payroll for you, give us a call on 01454 300 999, or drop an email to info@fd-works.co.uk
Find out more about the FD Works’ approach to finance at fd-works.co.uk