Outsourcing your Payroll- its a Cinch

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How it Works

Our job is to take the headache of payroll and accountancy away. We use our knowledge and understanding to deliver a service that suits your business needs and acts as an extension to your business. Our aim is to provide the best outsourcing service by offering the best customer service from brilliant legal, accounting and payroll people. Think of us as a person that knows you better than anyone else, we get to know you and your needs.

Reduce Cost

Big businesses can afford to maintain big payroll departments. For small/medium businesses however, an in-house payroll service is a money burner. If you calculate the hours your employees spend on payroll-related activities, plus payroll software costs, training costs, printing, creating tax documents etc, you will be surprised by the result when you compare that amount to the cost a payroll service provider can offer.

Free Up Your Time

The payroll function can consume a substantial proportion of your staff’s time, especially if the staff in charge of the payroll are not trained specifically to deal with it or have the payroll function as a smaller part of their overall responsibilities. The benefits of outsourcing the payroll include freeing up these resources allowing your staff to concentrate on more essential tasks. Outsourced functions also give you better scope for expansion of your company with services suited to your business.

Training

We employ individuals who know payroll processing inside and out. These individuals specialise in the complexities of payroll taxes, as well as compliance with government regulations. It’s what they’re trained to do and part of the guaranteed service they provide.

It can often be expensive to employ staff with the necessary training to operate a payroll system. For smaller companies where the payroll role is not enough to warrant a full-time employee, you may have to use your current staff to train in payroll as an additional responsibility to their core role.

Compliance

With all the legislation changes it pays to have a wealth of experience at your disposal which is something you are unlikely to have with a small in-house payroll department. A good payroll service provider will know all the ins and outs of payroll-related tax laws. We attend regular seminars for updates in the industry on the latest government legislation.

Speed

We are specialists, we can process even the most complex payrolls at a great speed, providing a quick turnaround time on your payroll when required.

Reliability

In-house payroll activities function as reliably as the people doing the work. With a payroll service, output, speed and quality won’t vary in accordance with holidays and sickness. There is always a risk that you may lose one of the key members of staff that deal with your payroll and all their knowledge walks away with them. If this happens you could find it extremely difficult to replace them, causing a logistical nightmare come payday. You also won’t have to spend time training new staff or helping them to understand your business’s payroll system.

Peace of Mind

No headaches, no hassles, no stress, no worries: You’re left to focus on running and developing your business knowing your payroll obligations are dealt with correctly, efficiently and lawfully.

For more advice or for quotations on how much money we could save you, feel free to give me a call on 07958541570 or drop me an email with your queries rebecca@thecinchgroup.com

 Feel free to shareTweet about this on TwitterShare on LinkedInShare on FacebookShare on Google+Email this to someone
Feel free to shareTweet about this on TwitterShare on LinkedInShare on FacebookShare on Google+Email this to someone