Why outsource payroll?

For business small and large payroll outsourcing is a cost-effective way to contract out financial services to third party specialists.

Advantages of outsourcing payroll

There are many benefits to outsourcing to help your organisation stay focussed on core activities and reduce the burden of day to day tasks.

· Access to knowledge and skills

By outsourcing you have access to professionals that are specialists in their field. They will keep up to date with the latest industry specific knowledge.

· Greater efficiency

When you outsource to a specialist they will be able to complete their services accurately and more efficiently than an in house multi-tasking team.

· Reduce operational costs

Due to greater efficiencies you can benefit from reduced operational costs. Time taken to complete tasks is reduced which results in reduced costs. And there is the added bonus with many payroll providers of only paying for the services you require on a fixed fee basis.

· Avoid penalties

Payroll processing must be accurate and on time. Companies that specialise in payroll processing are required to maintain accurate records and comply with current Auto-enrolment (AE) and RTI legislation.

· Greater focus on core business goals

By outsourcing financial services you and your management team have more time to spend developing and actioning core business strategies.

· Flexibility

When you outsource payroll services you are able to scale up or down seamlessly, you do not have to commit to employing and training new staff allowing you to adapt quickly to change and growth.

· Training

Small companies in particular may not be able to afford a full time payroll administrator so often train up in house staff. Training can be costly and time consuming, and the employee may leave – you will then have to go through the whole process again. Outsourcing to a specialist payroll provider will remove the costs and time of training.

· Reliability

By outsourcing you are always covered - your business does not suffer from in house staff absences for holiday or health reasons. You will always have a team to rely on.

· Access to latest technology

Specialist payroll companies will have already invested in payroll processing software, so you don’t have to. At Mascolo & Styles our services are delivered using multi award-winning payroll software ensuring we provide efficient and compliant data management and payments.

Mascolo & Styles Outsourced Payroll

If you manage a large or small business there are many things to consider – by outsourcing you can remove the stress of managing your own payroll, reduce compliance risk, optimise resources and allow you to focus on your business’ growth. Outsourcing to the right payroll provider will enable your business to reach beyond the capabilities that you can achieve alone.

Whilst there are many advantages to outsourcing payroll management it is important to ensure you choose the right company. Read our guide to choosing the right payroll company to ensure you make the right decision to guarantee your growth. Many clients want to know how much does it cost to outsource payroll - At Mascolo & Styles we offer fixed fee payroll and bookkeeping packages for all size businesses, from sole traders through to large corporations. You won’t get charged for calls or emails to your account manager - we will only charge you what we have agreed in advance. Call us today on: 01420 544 4444 to find out more.