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 enhance the brand of your firm because clients will believe that they will get a higher level of service from a practice that handles their payroll as well.

Extra Revenue

It goes without saying that you will have an extra stream of revenue for your practice because your clients will pay you for the service every month. They will also be very happy to get rid of having to do the job themselves as it will enable them to concentrate on more important things such as expanding their business.

In addition, if you run your clients’ payroll for them, the payroll data will be instantly available at the tax and financial year end, as well as for audit purposes.

Of course, if you are going to offer payroll services to your clients it means that you will need to have someone on your team who is capable of running payroll for your clients, and it also means that you will have to invest in the right software.

However, at PayCheck we can make everything easy for you because we offer payroll services for accountants. What that means, in short, is that you get all the benefits, but you don’t have to do any of the work! Our payroll services for accountants will take care of everything that your clients need.

This means that all you need to do is to offer the service to your clients. When they decide to go ahead, you simply add your charges on to our fees. So, you have an extra stream of income to your practice, and happy clients, for doing hardly anything more than you do now.  

Location: London, UK

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