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Payroll Made Easy: 8 Reasons to Outsource

May 3, 2023

Running a business comes with many responsibilities, including managing employees, finances, and ensuring compliance with government regulations. One of the critical aspects of managing a business is payroll. However, payroll can be time-consuming, complex, and stressful, especially for small business owners who have limited resources. Outsourcing payroll is a practical solution that can alleviate some of the challenges of managing payroll. Here are some of the reasons why outsourcing payroll can benefit your business: 

1: Full HMRC Compliance 

When processing payroll, maintaining compliance and keeping up to date with changing legislation to comply with HMRC regulations is vital. Failure to do so can lead to significant financial penalties and fines. Outsourcing payroll to a reputable provider ensures that all the necessary compliance requirements are met. Hentons will ensure that all taxes, National Insurance contributions, and other deductions are accurately calculated and submitted on time, giving you peace of mind.

2: Payroll Software Savings 

Payroll software can be expensive, especially for small businesses with limited budgets. Outsourcing payroll eliminates the need to purchase and maintain expensive software. Hentons take care of all software-related expenses, ensuring that you get access to the latest payroll software at no extra cost. 

3: Competent Payroll Professionals 

Outsourcing payroll gives you access to a team of competent payroll professionals who have the expertise to handle all technical payroll queries. Our team of payroll experts are available to process payroll, answer any questions you may have, and provide ongoing support as needed.

4: Accurate and Timely Payroll Processing 

Outsourcing payroll guarantees accurate and timely payroll processing. Hentons’ team of payroll experts have the experience and expertise to ensure that your employees are paid accurately and on time. This can help improve employee satisfaction, which can lead to increased productivity and loyalty. 

5: Saves Time and Reduces Stress 

Processing payroll can be a time-consuming and stressful task, especially for small business owners who have limited time and resources. Outsourcing payroll frees up your time, allowing you to focus on other critical aspects of your business. It also eliminates the stress of managing payroll, allowing you to enjoy peace of mind. 

6: Secure Online Portal 

Outsourcing payroll gives you access to a secure online portal where you can easily review the latest reports, payslips, and other payroll-related information. This can help you stay informed about your employees’ payroll information and provide better insights into your business’s financial health. 

7: BACS Accredited Bureau 

Outsourcing payroll to a BACS accredited bureau means we can pay your employees directly, saving you time and minimising the risk of employees being paid incorrectly. Our team of payroll experts ensure that all payments are processed accurately and on time, giving you peace of mind. 

8: Legislation Changes 

Outsourcing payroll guarantees that you stay up to date with any legislation changes that may affect your business. Hentons will keep you informed of any new tax laws, National Insurance changes, and other payroll-related regulations, ensuring that you remain compliant. 

Do you want to chat more about how we can help your business? Get in touch today to speak to one of our professionals! 

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