Payroll has become more complicated for business owners as a results of RTI (real time initiative) and auto-enrolment.
Managing payroll takes up significant chunks of management time that our entrepreneurial clients believe they can spend more productively developing their businesses.
Payroll is also technically challenging. Regulations are complex and non-compliance can result in hefty penalties – especially following the introduction of ‘Real Time Information’.
It is also important to keep in mind that the costs of running in-house payroll are considerably higher than the cost of outsourcing to our payroll bureau. Fresh software for online filing and pension auto enrolment – not to mention staff training – all come with a cost attached.