Years ago when someone mentioned the word payroll, you would have just thought the payment of employees’ wages. Now it is so much more than that. There have been so many legislative changes in the past decade, resulting in payroll becoming ever more complicated and time consuming. From Real Time Reporting (RTI) to Auto Enrolment, the changes are being bought in thick and fast. Outsourcing payroll in Lincolnshire can save you a lot of headache and administrative worries. Blow Abbott also provide bookkeeping in Lincolnshire, so contact us today if this is of interest.
So why are organisations choosing to outsource?
Nowadays the complexity of payroll processing is putting that extra burden on businesses. Since the introduction of RTI and Auto Enrolment, payroll processing has become a much bigger challenge. Outsourcing bookkeeping and payroll in Lincolnshire means businesses can concentrate on their specialist areas, rather than worrying about learning new in-depth payroll legislations.
What are the benefits of outsourcing payroll in Lincolnshire?
On average companies spend at least one day per month processing the payroll. Outsourcing payroll in Lincolnshire would mean that more time can be spent on other tasks that are more value added, or revenue generating for your business.
It removes the legislative burden
Any legislative changes would be handled by your new payroll professional. Meaning compliance worries and training would become a thing of the past. Your mind would be put at ease, knowing that everything is being handled on your behalf.
Handling of data
There is a new General Data Protection Regulation (GDPR) coming into place next year which will affect the security of data. It is something that should be taken very seriously. Breaches in this can lead to fines or even imprisonment (this definitely isn’t a laughing matter). Payroll providers like ourselves ensure you and your payroll are fully compliant with the latest regulations.
You can utilise the experience and expertise of a professional team
New legislations and requirements are constantly being implemented and having a dedicated professional at the end of the phone can be very handy, should any queries or issues crop up. Holiday pay is a very good example because I feel it is a task employers find daunting, this is all included should you decide to outsource your payroll.
Ultimately the decision is yours….
Do you feel this could benefit your business? If you would like to take advantage of our payroll and bookkeeping in Lincolnshire, then please contact us:
Email – firstname.lastname@example.org
Phone – 01472 604628