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Four reasons why payroll outsourcing services can help an evolving business
When businesses shift quickly or experience big structural changes – unease tends to flow down its departments and their processes. We see this often now that businesses have gone through the testing times of the pandemic, along with tax changes such as IR35. In this blog, we detail 4 new reasons to use payroll outsourcing services.
- Reason #1: Your business is being acquired
If your business is due to merge or is being acquired – using payroll outsourcing services can ensure your processes run smoothly even when the rest of your business admin is up in the air. It is worth noting that you can receive large fines if your payroll process is not operating compliantly, and so payroll requires a lot of attention. And, of course, finding the time to dedicate to your payroll department can be difficult when you are going through a business acquisition.
- Reason #2: You are moving your accounting (and other administrative) services into the Cloud
If you are planning on moving your business’s accounts into the Cloud, then now is a good time to look into payroll outsourcing providers. The majority of experienced, forward-thinking accountants use cloud-based tools and technologies, which make it easier to keep your payroll processes consistent, in good working order, and away from any other business drama.
- Reason #3: The structure of your business is rapidly changing
Simply – due to the pandemic, you may no longer require an in-house payroll manager, or be able to afford one. Outsourcing your payroll is an affordable, convenient, and functional alternative.
- Reason #4: You now have all different types of employees
Permanents, contractors, freelancers, office-based, working from home, hybrid – the pandemic has heavily influenced where, when, and how our teams work. And with IR35 now in place, the types of workers you have may well have changed more so. When using a payroll outsourcing provider, you can request necessary changes to your employee’s classifications and they will be changed quickly and easily.
Outsource you payroll today, achieve a reliable system tomorrow
For further information on payroll outsourcing services at Harris Lacey and Swain, kindly get in touch with us by calling 01482 646440 or filling in our online form.
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