If You Run An Accountancy Practice, Consider Offering Payroll Services To Clients.
If you are an accountant and run your own practice, there are a considerable number of benefits to providing payroll services to your clients on top of the other services that you already provide. More and more small businesses are outsourcing their payrolls to their accountants or to payroll bureaux because of the huge amount of time and hassle involved in running them in house. Last year, Deloitte reported that 47% of organizations in Europe, Middle East, and Africa (EMEA) are outsourcing payroll completely. Still other companies are outsourcing part of their payroll functions. In fact, in the UK, payroll outsourcing has increased considerably since 2013 when HMRC introduced Real Time Information to the PAYE system, which means that employers now have to deduct taxes and return reports every time an employee is paid rather than just at the year end. By offering your clients payroll services you can become a one-stop shop that covers everything your clients need. It will also en