Payroll Outsourcing Services for Small Businesses

FMP Global is an HMRC approved payroll provider, offering a full range of payroll outsourcing services for small, medium and large businesses in the UK. We understand that for many businesses – SMEs in particular – it’s not always possible to run an efficient payroll system in-house. Keeping up to date with legislation and managing payroll responsibilities professionally can be costly and time-consuming, and not to mention complex. At FMP Global, our fully managed payroll service is the ideal solution for small businesses. It can give you complete assurance that your company’s payroll is being calculated correctly.

What Our Small Business Payroll Services Involve

Our fully managed payroll service is a complete outsourced service that ensures all of your payroll functions are being managed efficiently by industry experts. If you choose to outsource your payroll to us, we will provide the following as part of your comprehensive payroll service:

  • Payroll processing
  • Payroll auditing
  • Printing and posting of security sealed payslips
  • BACS payments
  • Third party disbursements
  • Online filing to Inland Revenue
  • All end of year work.
Employees researching payroll services for small business
Whether you run a limited company, are a sole trader or a charitable organisation – and no matter how small, large or complicated your payroll – our small business payroll service is fully tailored to meet your specific requirements. Contact us today for more information.

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Benefits of Small Business Payroll Outsourcing

Payroll outsourcing may seem like something that big companies do, but in fact, SMEs can often be the type of company to benefit most from payroll outsourcing. To run a payroll efficiently you need resources, specialist software and expertise – which big companies can afford more easily than small companies. For small businesses, the costs of specialist payroll software and in-house payroll expertise is an overhead which is often disproportionate to the number of people actually on the payroll.

But however costly or painful their current payroll set up, small businesses can be reluctant to move to payroll outsourcing

With FMP Global’s managed payroll services, payroll has never been easier or more cost-efficient for small businesses. Choosing an outsourced payroll service enables business owners to relax in the knowledge that payroll is being processed accurately, on time and in line with current legislation.

Avoiding all of the pitfalls such as incorrect payments to staff, late payments and the resulting fines from HMRC, a fully outsourced service provides complete peace of mind that this important business function is taken care of and that your company is legislation compliant.

Flexible and user friendly payroll software

It’s Cost Effective

Our small business payroll service is a cost effective solution for businesses who do not wish to manage their payroll themselves. Instead, it offers a flexible solution that can easily accommodate more employees as you grow, or be scaled back as required. Once set up, you are simply charged a fixed per payslip fee, enabling for easy monthly budgeting.

Real Time Visibility thanks to FMP's cloud based payroll software

It’s Time Efficient

Payroll legislation is regularly changing and it can be time consuming and stressful to keep up with. Using our managed payroll service frees up staff to focus on the company’s core activities. It provides the smooth running payroll processing enjoyed by large businesses, with none of the hassle.

Cost effective payroll software from FMP

Happy Employees

Paying employees late or incorrectly can cause major problems in your business. Errors over wages can be extremely upsetting to staff, particularly if this results in essential payments to their mortgage or credit card company being declined. Using FMP’s managed payroll service will ensure wages will be paid correctly and on time.

About FMP’s Managed Payroll Services for Small Businesses

  • We offer a fully managed payroll service for small businesses right through to large organisations, saving time and money
  • No business is too small to benefit from our services
  • We charge a competitive per payslip fee
  • No hardware or software is required. All data is processed by our payroll team
  • Data can be supplied to us by email, fax or in an emergency the phone
  • We are fully HMRC approved
  • The service includes payroll processing, auditing, printing of security sealed payslips, BACS payments, third party disbursements, online filing to Inland Revenue and all end of year work.
  • All customers have a dedicated, UK based account manager

SME Payroll Outsourcing FAQs

If running payroll in-house is so problematic for a small business, why don’t more SMEs make the transition to payroll outsourcing? There are several common reasons, which we will look at in more detail.

Can we afford it?

SMEs quite sensibly try to minimise unnecessary overheads, by doing as much work in-house as possible to help keep down costs. But in fact moving to payroll outsourcing can save companies money. They won’t need to pay admin staff to run the payroll, and they won’t have to buy and manage payroll software. They also protect themselves from the ever-present risk of incurring an HMRC penalty of potentially hundreds of pounds. Although there is an initial setup cost, this is relative to the size and complexity of the payroll – so getting it set up while the company is still small can be a good value route. Once set up, there is a fixed per payslip charge which means payroll costs are predictable. If there is a need to keep payroll outsourcing costs to a minimum, a payroll bureau option is cheaper than a fully managed option.

Won’t we lose control?

Many small businesses worry that they will lose control over their payroll if they outsource. But with FMP Global you retain all the visibility and control you want. You will be provided with regular reports as standard, and you can request additional reports at any time. If you choose the bureau service you will have direct access to the software and can run your own reports whenever you like. The bureau service also means you keep control over data entry and can still operate any internal checking or auditing procedures prior to data entry. In addition, you have access to a dedicated Payroll Manager who can respond to queries or problems straight away.

What if I don’t have the time to organise it?

Many small and medium businesses are so overwhelmed by running the business on a daily basis that they don’t feel they have the time to think about making strategic changes to the payroll system. At FMP we have an established procedure for bringing on new clients, which is designed to minimise the time you need to personally spend making the transition. And moving to payroll outsourcing will save you time in the long run.

What about my data?

Outsourcing your payroll will entail giving employee payroll information to your payroll provider i.e. rates of pay, bank account details etc. And this can raise questions about confidentiality and data protection. But how safe is your employee data right now? If it’s sitting on a computer in your company’s office, it is only as secure as your office. Not only that, the people authorised to see that data, are also company employees who will very likely know your other employees personally. In fact your employee data can be even more secure when kept by an impartial third party with stringent server security in place.

Can you respond quickly if something needs sorting out?

Many business owners like to have someone in the office who is on hand to deal with problems as they arise. But depending on a single person can mean you actually have less control over sorting out problems quickly. People go on holiday or have days off sick. They also have lunch breaks or need to go home suddenly in an emergency. By outsourcing you avoid this dependence. At FMP we have a large team of professionals to call on to help deal with any problems, and you will be assigned a dedicated Payroll Manager who you can call at any time. This means there will always be someone there to talk to and start work on resolving your issue straightaway.

Won’t changing what we are doing disrupt our business?

At FMP we try to make the transition to outsourcing as painless as possible. We carry out a complete requirements capture and then build your system. When it is ready we carry out extensive testing alongside your existing system to ensure it is running correctly, before switching you over to the new system. Once the new system is running, any teething problems or future issues are the problem of your payroll provider to sort out. So while there may be some initial disruption, you will ensure much less ongoing disruption due to payroll problems in the future, which all means better focus on running your business.

We'll help you take the pain out of payroll

Whatever support is needed for your small business, FMP Global has a service to help.

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