In any business, the payroll is an area that must be completed correctly and accurately. This comprises all the records about employee payments and the deductions that have to be made as part of Pay As You Earn. This covers all usual salaries as well as any extra payments such as bonuses or overtime and has to include all the statutory pay such as maternity, paternity or adoption pay. Any extras your employees are entitled to, such as benefits are included and of course, tax and national insurance deductions also.
It is the complexity alongside the need for complete accuracy that leads many employers to look for a payroll bureau to take all this off their hands. Although there may not be a cost benefit from payroll outsourcing services, the benefits in time and accuracy can be considerable.
However, before signing up with a payroll company, it is worthwhile checking that they can meet your requirements on a number of issues. Check that their calculations really will be accurate for your company and that they will meet statutory as well as your deadlines and make sure you have a clause to protect you against any charges should these deadlines not be met.
Here at Dataplan Payroll, we have many years experience in managing payrolls accurately and as a result of our endeavours, have won local and national awards recognising the quality of our service. With your payroll being managed by us, you can be confident that your payroll is compliant with legislation, accurate and on time.