01 Dec 3 tips to make running payroll easier in 2021
With 2021 fast approaching, many businesses will be starting to look at how they can grow and improve in the New Year.
This involves looking into specific areas within the company and drilling down to see where processes can be revamped. One key thing many will look at is running payroll. This is a key monthly task which is complex and time-consuming – many people also find it boring! With this in mind, it is worth considering how to make running your payroll easier in 2021.
1. Switch to electronic payslips
One fairly simple way to make running payroll easier in the New Year is making the switch to electronic payslips. But why is this? The simple fact is that e-payslips are a lot simpler and quicker to prepare for businesses. In addition, they are better for the planet as you will not be using up lots of paper each month to produce them.
2. Create your own payroll calendar
If you want to make your life easier in 2021, then setting up your own payroll calendar is worthwhile. This will make it simpler to keep on top of the whole process and things like managing pay periods or when cut-off dates are for payments. This in turn puts you in full control and makes the whole process less stressful.
3. Outsource it
For many entrepreneurs and business owners, you might simply want to get away from running payroll altogether. The easiest, most effective way to go about this is outsourcing the job to a qualified accountancy firm. This means you get to offload payroll tasks and do not have to spend hours doing something you hate every month. Outsourcing payroll also means qualified professionals who have the time to keep up with all the latest updates from HMRC handle it for you.
Contact SQK Accountancy for payroll in Manchester
If you run a business in the Manchester area and fancy getting professional help with your payroll, contact us today on 0161 706 0444. We are a firm of qualified accountants who specialise in payroll services in Manchester for companies in the area. Get in touch today for more details.