The problem with this informal knowledge is that it is not recognised or recorded, so if your walking filing system is not there, your business could be in for a sticky time. This is even more important if the information being kept in someone's head is your salary and payroll solutions.
Should your payroll expert be away, or worse still, leaves, you may find yourself inundated with disgruntled employees whose pay is incorrect. More time consuming than this, could be demands for amendments to tax and national insurance contributions that have been incorrectly made.
You can avoid these disadvantages by using payroll outsourcing services that manage your payroll and salary tasks efficiently, ensuring that all employees are paid, with deductions correctly made and on time. Here at Dataplan Payroll, we offer high quality payroll services that will make your life easier as an employer. Once you are using payroll outsourcing services, you will not have to worry about your one knowledgeable employee being absent when salaries are due or if there are queries about the payroll.