19th April 2016
Running your business’s payroll is more than just rattling off a pay cheque or two. It can be a time-consuming, expensive and stressful task that seems to stretch out in front of you with no finish line in sight. Running your payroll in-house can feel like a marathon. To manage your own payroll you need experienced payroll staff who are aware of the legislation surrounding payroll. Your business also needs a structure and compliant, auditable procedures in place to support payroll, off-site disaster recovery and places to file your payroll administration, electronically or otherwise. Each one of these requirements is a hurdle in the race for successful payroll.
Big changes in legislation can see unprepared HR, Payroll and finance Departments ‘hit the wall’ and cause major turmoil. By 2018, auto-enrolment will have affected 1.8 million UK businesses. For smaller businesses, managing their enrolment responsibilities alone is a daunting task.
You can get a second wind with a part-managed payroll bureau service. This service is the perfect solution for companies who want to retain some control of their payroll but want to outsource the more tiring elements. Payroll bureau services are flexible and, depending on your business, can be more cost effective than investing in an in-house software solution. If you have a problem or query, your payroll bureau is always there to offer assistance and guidance.
But if you want to take that taxi ride to the finish line, you should seriously consider the benefits of fully managed payroll. You don’t need to invest in any software, training, or even expertise. Your payroll provider will handle it all for you. Outsourcing your payroll is a trouble-free solution that turns the marathon of payroll into a walk in the park.
If you want to take a breather from your burdens, get in touch with IRIS FMP Payroll Services today. We have the experience and expertise to handle your payroll, so you can rest assured that you are being taken care of by the very best.