Whether you manage your payroll manually or through a software, every month a great deal of your company’s time and effort goes into payroll processing. Additional and hidden costs in payroll processing may go unnoticed but an estimated 18% – 20% monthly expenditure can be reduced by outsourcing your payroll processing. Even if you are just starting out with a handful of employees, payroll processing can be an excruciating task that easily steals away precious time as your company draws towards the end of the month.
As your turnkey financial partner, Solvers Accounting and Payroll Services provides fully managed employee administration and payroll processing that seamlessly integrates with your existing HR management systems. With us you don’t have to worry about payroll legislations. At a fraction of the cost of having an inhouse team, Solvers Accounting and Payroll Services take the stress out of your payroll processing every month ensuring strict confidentiality. We believe that employees are the backbone of any organization.
Keeping this view in mind, we ensure that your employees get paid on time and always stay committed to the success of your company. Our payroll processing services includes the following:
- Customised payslips.
- Administrating and calculating PAYE, National Insurance, SSP, SMP etc.
- Provision of back-up Supporting Summaries.
- Completion of all statutory forms to HMRC including P.45’s, leaver and joiner documentation and all RTI and end of year submissions.
In addition to handling your payroll processing every month, Solvers Accounting and Payroll Services can give you smart and actionable insights about your employees based on historical data. You can use this data to take corrective measures, keep a check on loans and deductions, monitor pensions or funds or simply analyse monthly, yearly and all-time expenses against an employee or a department. All of your data can be made available whenever requested.
When you outsource your payroll processing to us, we ensure peace of mind and satisfaction at every step. This is done by allocating a dedicated team to every client for managing the payroll. Along with the team a single point of contact is assigned who manages and keeps track of every detail and activity of your account. The point of contact is available to answer your queries and questions and works closely with you to make sure every activity is directed towards achieving your business goals.
Solvers Accounting and Payroll Services offers flexible options for outsourcing your payroll. You can choose between fully managed services or have more control by partially outsourcing the key steps involved to process the payroll. No matter which option you choose, we ensure strict confidentiality and professionalism.
How much Does Outsourcing Payroll Cost in the UK?
There isn’t a one-size-fits-all solution for every company. The amount charged depends upon a number of factors like number of employees in your company, whether you select fully-managed or partially-managed services, the level of automation involved, etc. For more clarity, please feel free to contact us by phone and talk to our representative. You can also write to us. Our email address is firstname.lastname@example.org.