5 Reasons Outsourcing Payroll is the ‘New Normal’ for Accountants

5 reasons why so many accountants turned to outsourcing their payroll over the past year.

17
May
image

If 2020 taught us anything, we learnt that being in the office is no longer as important as it once was. It’s made us question the necessity for an office or even consider looking into permanently remote employees. With that in mind, three quarters of UK accountancies looked to outsource payroll in 2020. Why? The answer is simple, why pay over the odds for expensive software, recruitment fees and salaries when many payroll outsourcers provide a more profitable and proficient solution. So what are the benefits for accountants looking to outsource?

1.        Software

Excellent payroll software is a rare commodity, not to mention highly expensive and puzzling. Why get lost in a sea of confusion when an expert can complete it for you in minutes? No hassle, no painstaking calls with providers or free trials, outsourcing means you pay nothing for industry leading software yet your clients receive the very best payroll service there is. Practical Payroll provides employees with instant app notifications, email alerts and a portal service, all with oversight from both the employers and accountants.

2.      Time

Do you dread the last few weeks of the month? Find yourself working considerable hour’s overtime on payroll? You’re not alone. Payroll is very time-consuming, swallowing large chunks of valuable time that could be spent focussing on other things. Outsourcing frees up all the time in the world to focus on other elements of your business, whilst payroll is safely in the hands of our specialists.

3.      Legislation

With constant changes to payroll legislation it’s impossible for many accountants to stay completely up-to-date with altering legislation and circumstances. Outsourcing puts your payroll in the hands of UK based experts who have their finger on the pulse of the ever-changing payroll world, avoiding possible mistakes and penalties.

4.     Saving Money

Outsourcing payroll cuts costs across the board. From expensive software fees to payroll wages none of these are necessary when you have outsourced. Practical Payroll works off a very simple pay-per slip basis keeping your costs as low as possible and profitability high.

5.      Business Cohesion

What happens if your current payroll administrator makes a mistake? What if their off sick? A single key-holder for payroll is a thing of the past, why place so much reliance on one member of staff when you can have an entire professional department acting on your behalf. Here at Practical Payroll, our unique White Label service allows accountants to have a branded email address, phone number and so much more. We can act as your in-house department, responding immediately to client’s beck and call.

Replace the hassle and stress of payroll with our brand new and unique payroll offering. Call us today on 0333 307 3010.