Why Should You Outsource Your Payroll In The UK?
If you run a big business – one with more than 250 employees – carrying out your payroll function is going to take up quite a bit of time. However, a business of that sort of size and larger can afford to hire a payroll manager, and in some instances run a payroll department. However, there are only a few thousand businesses in the UK of this sort of size. There are over 1.3 million with less than 50 employees, and so it is not affordable to hire a payroll manager because there is not enough work to justify it. If a business of that sort of size is going to do the work in-house, the costs can mount up though. You have the costs of software, training staff to do the work, printers, printing and distributing payslips, creating tax returns, and the hours that staff are engaged on the work, and you might be surprised at just how much that all adds up to. It is usually a lot more cost-effective to use payroll bureau services in the UK than do it in-house. The Possibility Of Errors