28 Sep Why should you embrace outsourced online payroll?
Payroll is a key accounting service, but many businesses still think investing in the services of a specialist in small business accounting is beyond their reach.
The reality is that nothing could be further from the truth. Not only is it affordable, but using online payroll services actually has many benefits to offer you as a small business or sole trader.
What can online payroll do for you?
Online payroll makes handling your business payroll much quicker, easier, and far more convenient. It allows you to outsource your payroll to an external specialist, without sacrificing the accuracy or speed with which your payroll is handled. You can have your payroll processed by a dedicated accounting team, and then simply print out the payslips yourself – or even send them digitally, if you’re interested in moving towards a paperless office. Online payroll puts the control in your hands.
The improvements in cloud accounting technology mean that data can be shared and accessed simultaneously. This allows you and your accounting team to be able to discuss and process data at the same time, despite being in different locations. That means regular meetings to discuss your payroll service are easily scheduled and both quick and easy to get through.
Then there are the benefits to be had by investing in specialist help full stop – namely you free up your valuable time to actually focus on running and growing your business. You do that safe in the knowledge, however, that your payroll is being handled with the utmost attention to detail. This can include PAYE, National Insurance contributions, and annual P11D returns.
Can your business afford to invest?
The simple answer is yes. Online payroll is a service that scales with your business requirements, which means it’s always going to be an affordable percentage of your operating revenue. When you consider the benefits – namely the accuracy, the speed, and the convenience with which your payroll can be handled, it makes for a compelling investment for businesses of all sizes.
To learn more about how online payroll services work, or to get a quote, contact SQK Accountancy today.