Did you know that one in three UK businesses incur tax penalties over £500 each year? These can range from filing tax returns late, to mishandling of holiday pay - the list goes on. For large businesses with lots of employees keeping tabs on all of potential payroll solution issues can not only be a real headache, but should your time come for a PAYE inspection, it could also cost you a packet.
Equally as important as potential financial costs are costs to your resources. For example, if you are a large business committed to in-house payroll you will need to invest in some fairly expensive payroll software. Not only this, but a significant proportion of your workforce will need to be trained in its usage. Of course this is just the tip of the iceberg, and with tax law being incredibly changeable you will need continuously update your practices and ensure that your in-house team is acutely aware of any potential issues.
Sound complicated? If you tackle it alone, payroll can be quite complex. However, with Dataplan Payroll's payroll services in the UK, all of these costs are immediately sidestepped because with payroll outsourcing, like Dataplan Payroll services, you are investing in a payroll company whose speciality is payroll.