Ways your small business could benefit from outsourcing payroll by ClearSky
Small business owners, particularly those that are new to the game, will understand just how mundane administering payroll can be.
Far too many small businesses encounter payroll problems, with a recent study revealing that over 12 million UK-based employees are subject to a payroll underpayment each year.
Small business owners, particularly those that are new to the game, will understand just how mundane administering payroll can be. What’s more, with so much to do on a day-to-day basis to deliver your core products and services, it can be tempting to neglect payroll altogether.
However, payroll is fundamental to any business and even the smallest of administrative errors could cost a fortune in fines. This in turn could be the difference between the success and failure of a company.
That’s why ClearSky Business, a leading provider of business services for small companies, has published an article on the benefits of outsourcing payroll for their official blog.
The article, by payroll expert Daniel Mepham, lists four primary benefits of professional payroll services:
- Less cost
Outsourcing payroll can be more cost-effective than employing a full-time member of staff to tackle these administrative duties Mepham explains that ClearSky offer flexible contracts at competitive prices. This means that businesses only pay for the payroll services that they need.
- More productivity
Managing your company’s payroll takes time; and in a business with limited resources this time could be essential to providing core products and services for your company. If the average small business owner spends a quarter of their time tackling these admin duties, they effectively get a quarter of their time back by outsourcing; this a lot of time to dedicate to generating more profit.
- Less financial risk
Government legislation on payroll and payroll management is always changing and if small businesses don’t take time to stay up-to-date with the changes, they could be caught out and face penalties for non-compliance. In addition to ensuring that you don’t fall foul of HMRC, it’s also important to remember that your workers have a right to be paid at the right time and in the right way. With professional payroll services, you can ensure that your payroll admin systems are always up-to-date with the latest legislation
- More peace of mind
Outsourcing payroll doesn’t just safeguard a business from financial hardship, it also makes life a lot easier for the small business owner. Businesses can work hard at improving their own bottom line, while ClearSky’s payroll experts prevent HMRC from knocking on your door.
As Daniel Mepham explains, more and more companies around the UK are wising up to the benefits of professional payroll.
He writes: “Far too many small businesses encounter payroll problems, with a recent study revealing that over 12 million UK-based employees are subject to a payroll underpayment each year.
“Meanwhile, a different survey by Manpower found that nearly 70% of Britain’s businesses outsource part of their in-house function, with access to knowledge and skills, quality and cost reduction cited as the top three reasons.”
For more information on how ClearSky Payroll can support your business, contact their experts today on 0808 271 6798 or visit http://www.clearskybusiness.co.uk/payroll/
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