The benefits of not having to do your own payroll

Saving money for a business is always a worthwhile and savvy thing to do.

However, there are times when saving money is actually hindering your companies potential and slowing down the momentum you want to be creating in your business.

And do it yourself payroll is one of the classic examples of something many business try to do themselves but ultimately struggle with – costing them far too much in time and resources. Payroll is a lot more than just keeping track of hours and pay rates for a business. Make a mistake paying a supplier and you know they’ll understand. Bounce a cheque on a supplier and, while they may put your account on hold, they’ll probably still do business with you. Fail to pay an employee’s wages and there’s a good chance you’ll be looking for a new employee.

The legislation changes every year. New rules are constantly being introduced for statutory sick pay, maternity, paternity and adoption pay and auto enrolment.

You name it, there’s a regulation for it. It really can be a minefield. And that is why you should give serious thought to outsourcing your payroll to a professional like ourselves. Why?  Because there are many benefits to outsourcing your business payroll including:

Time

When you outsource your payroll, it frees up so much of your time.  If you currently handle the payroll for your business, it means you are having to calculate hours, overtime, taxes and many other details.  When you outsource your payroll to Momentum, we take care of that. All you have to do is tell us the hours worked and we calculate the deductions, holiday pay, sick pay – whatever is required. We print the payslips and reports, and tell you how much to pay each employee – saving you time.

Accurate

Because it’s the job of our experienced staff to process your payroll, you can be assured that it will be accurate first time, on time, every time – saving you headaches. Think how many times you have done the payroll for your business.  Has it always been spot on every time? And how long did that take you?

Saves you money

Because we have to keep our software and systems completely up to date and compliant with HMRC regulations, you don’t have to – and that can save you money! So while you may be put off by the idea of outsourcing your payroll, the time it will save you, the accuracy of having it done professionally and the cost savings of ensuring that your software is up to date means that outsourcing your payroll may actually be a lot smarter than you first thought.

Our Bookkeeping Performance Guarantee

Covering the full range of bookkeeping services that the typical business would require, we have built our bookkeeping services around going a step further. And that means that we offer not just what you expect, but what you need (even if you didn’t know you need it).

From VAT returns and payroll services to custom built MySQL databases as part of our Bespoke Services. From a once a year service to a daily interaction service into your business; we can be as integrated with your business as you want us to be.

Initial Enquiries

While you may not love bookkeeping, we do. So whether you have a question about one of our bookkeeping services or you want to discuss a tailored service to suit what you need to get on with running your business, our door is always open.

Call or email us and lets start to build some momentum in your business.