What’s Included in Outsourced UK Payroll Services?

If you’re a small business struggling to keep up with the admin and finance tasks associated with running a company and meeting all your legal obligations, you’ll know how difficult it is to find the time to do everything. It is also difficult when you don’t have the skills you need to carry out a job like payroll accurately and efficiently. Software can help, but not much beats hiring professionals to do the job for you. This is why many companies outsource their payroll function. But what exactly does an outsourced payroll look like? What is included in the payroll service when you give this job to someone else? Here we look at the commonly included services and benefits you can take advantage of when you sign up with an outsourced payroll provider.

Most payroll companies like http://www.berkeleyhamilton.co.uk offer a complete solution to payroll needs, which covers a variety of aspects of PAYE and employee benefits. A payroll service allows the process of payroll to be managed from start to finish, which is what the typical company is looking for. Payroll outsourcing looks after the whole process of getting employees on the books, paying employees, and paying relevant tax and national insurance contributions. Within this broad outline, services are included such as direct payments into staff bank accounts. The staff payroll is administered from the start, including setting up new employees, providing payslips and generating the relevant reports for employees and employers. Additionally, ePayslips are used by payroll providers to streamline the process of viewing and checking current and historical payslips. Leavers are processed through the system and P45s are printed.

In addition, you can find advice and help on understanding aspects of the pensions and employee benefits legislation that are often updated. The start of Auto Enrolment for pensions meant big changes for companies in the UK, and it is important for companies to be compliant with the regime depending on the size of the company and the date the regulations become effective. Payroll provider services offer this kind of advice and information that help companies understand their obligations and the impact new legislation will have on their business. Staff at payroll service providers are experts in the legislation that affects businesses and the changes to regulations that affect PAYE and tax. One of the areas where this expertise is most required is statutory payments such as sickness pay and maternity leave. Because legislation is often updated in this area, it is important to understand how to process payments and how to ensure that staff are getting the benefits they need. An outsourced payroll service also includes submissions under the Real Time Information scheme – RTI – which was introduced recently. Submissions are made on behalf of your company before or on payday, which ensures that obligations are met and any fines associated with late payments to HMRC are avoided altogether.

Louise Carr is a freelance writer. She creates content for business and finance websites including http://www.berkeleyhamilton.co.uk.

Louise Carr writes for home and garden blogs and websites, including articles about services like http://bbsplumbandheat.com. She is a freelance writer based in Buenos Aires.