Payroll is a serious consideration for any business. If you’re at the point of taking on employees, it’s important that you’re able to pay them accurately and reliably on a weekly/monthly basis. Failure to do so could lead to problems with tax, employee dissatisfaction, and even litigation in serious cases.

But how do you handle payroll?

Taking things online

Payroll used to be done manually, but this is a laborious and time-intensive process that the modern business owner just simply doesn’t have time for. Advances in accounting software technology mean your payroll can now be handled online. If it’s set up correctly, your payroll system can handle the paying of your employees as well as their tax, national insurance, and relevant pension contributions. It means you can spend more time building and growing your business, and less time worrying about making sure people are being paid.

The right system can handle everything for you, including the auto-generation of payslips. These systems need minimal management once implemented, so it’s worth considering investing in one as soon as possible. It’s never too early to invest in establishing a practical payroll system for your business – but what if you don’t know where to get started?

Outsourcing your payroll

There are many different accounting software packages to choose from, but it can be a daunting and difficult prospect to know which is right for you and where to get started with the implementation. This is why it makes sense to outsource your payroll to a dedicated financial professional. They can establish your payroll system for you, take you through it step by step, and if necessary, handle the ongoing management of that system. Systems are also scalable, which means you will be ready to take on more employees without needing to overhaul the system when it’s time for your business to grow even further.

Outsourcing is an affordable yet invaluable investment, and it’s never too early to get involved. Handling your payroll online is easy, accessible, and well within your budget. To learn more, or to get a quote, contact Harris Lacey & Swain today.