Payroll services and auto-enrolment

Employing staff and running your payroll can be time consuming and complex.

Not only is there administration to worry about, you also need to keep up to date with changing legislation and compliance issues. On top of this, dealing with various government agencies, banks and pension providers takes up valuable time.

Failure to comply with certain rules and legislation can lead to costly fines and penalties. Auto-enrolment adds yet another layer of complexity to the process, as you’re required to make sure all eligible employees are set up on a suitable scheme and are issued with the relevant documentation at the correct time.

Whilst there are an increasing number of cloud based payroll software solutions on the market, your business is still reliant upon having adequate in-house resource to operate the system. Covering for annual leave and other absence continues to be problematic in such an important area of your operation. But don’t worry, we have the expertise to manage the whole of your payroll and auto-enrolment function, right the way through to making payments to your staff electronically. At Morris Owen, through our offices in Swindon and Cirencester, we have a dedicated, experienced, in-house payroll services team to support you. So whether your business employees a single person or has many hundreds of employees, we can help.

Even better, as part of our payroll services we are an authorised BACS bureau which means we are permitted to transfer funds electronically through the UK bank clearing system. We can handle payments of salaries, PAYE, attachment of earnings and pensions on your behalf.

 

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What is Payroll Outsourcing?

Payroll outsourcing is the process of delegating payroll management to a third-party provider. This can include tasks such as payroll processing, tax compliance, and employee data management. By outsourcing payroll, businesses can free up time and resources to focus on core operations, while ensuring that their payroll is accurate, compliant, and secure.

Benefits of Payroll Services

Payroll services offer a range of benefits for small businesses, including:

  • Time savings: Outsourcing payroll can save businesses hours of time each week, which can be better spent on core operations.

  • Reduced stress: Payroll management can be a complex and stressful task, but outsourcing it can alleviate this burden.

  • Improved compliance: Payroll service providers are experts in employment law and regulations, ensuring that businesses are always compliant.

  • Increased security: Payroll data is sensitive and requires robust security measures to protect it. Payroll service providers have the expertise and resources to ensure that data is secure.

  • Scalability: Payroll service providers can adapt to the changing needs of businesses, whether that’s growth or downsizing.

Choosing a Payroll Service Provider

Choosing the right payroll service provider is crucial for small businesses. Here are some factors to consider:

  • Expertise: Look for a provider with extensive experience in payroll management and a deep understanding of employment law and regulations.

  • Security: Ensure that the provider has robust security measures in place to protect sensitive payroll data.

  • Customer support: Choose a provider with a dedicated account manager and multiple support channels, such as phone, email, and live chat.

  • Scalability: Select a provider that can adapt to the changing needs of your business.

  • Pricing: Compare payroll service prices and choose a provider that offers transparent and competitive pricing.

Fully Managed Payroll Service

A fully managed payroll service is a comprehensive solution that takes care of all aspects of payroll management. This can include:

  • Payroll processing: The provider will process payroll, including calculating salaries, taxes, and benefits.

  • Tax compliance: The provider will ensure that the business is compliant with all tax laws and regulations.

  • Employee data management: The provider will manage employee data, including personal details, salary information, and benefits.

  • Reporting: The provider will provide regular reports on payroll activity, including payslips and tax returns.

  • Support: The provider will offer dedicated support, including a dedicated account manager and multiple support channels.

By outsourcing payroll to a fully managed payroll service provider, small businesses can ensure that their payroll is accurate, compliant, and secure, while freeing up time and resources to focus on core operations.