Irrespective of whether you already outsource your payroll or you are dipping your toe in the outsourced payroll water for the first time, there are likely to be new considerations to be made in light of the impact of recent RTI changes. You’ll find when you are shopping around that there are essentially two different types of outsourced payroll service: bureau and managed.
Bureau payroll service
A bureau payroll service is arguably the simplest of the payroll outsourcing services. Ideally suited to businesses with a stable workforce and a relatively straightforward payroll, this service is highly cost effective and means you can relieve yourself of the burden of carrying out your payroll duties in-house. A remote service, with only minimal telephone support, this option comes at a hugely attractive rate.
Managed payroll service
A managed payroll service will relieve you entirely of your payroll burden. Payable on a standard fee basis, this type of service will cater for your staff changes, Bacs payments and starters and leavers, as well as regular and year-end HMRC submissions. Choosing this option means that you can work in complete confidence that every aspect of your payroll is in good hands.
Matching the service to your needs
Which payroll service you choose will depend to a large extent on the complexity of your payroll and your budget. If you are a small business with few employees and little staff turnover, a bureau service is likely to suit perfectly. On the other hand, it’s good to know that as your business grows your payroll service can grow with it. At Payroll Services Centre, we have a team that truly knows our customers and understands the problems and issues they face in their businesses. With over 30 years of experience, our priority is to help you run your business in the most effective way possible.
By opting for either our bureau or our managed payroll service, you know you have an expert on your team, making sure that your obligations to both your staff and HMRC are being met, on time and accurately, every time. And that’s guaranteed.
What’s more, you’ll benefit from:
- No start up costs
- No nasty surprises in your charges
- No fixed annual fees
- RTI compliance and year end returns*
- Payroll service accuracy guaranteed
* in our managed service
Irrespective of whether you suspect a bureau or a managed payroll service would be best for your business, why not get in touch for a completely no obligation discussion? It costs nothing to chat and we can help you evaluate the payroll options that would add most value to your business.