Payroll is a complex and time-consuming process, but getting it right is also vital. For ambitious businesses, managing payroll in-house can be an unnecessary distraction.
Outsourcing payroll to a third-party provider can help in a few ways:
- Saves time – it frees up your time so you can focus on running your business. You no longer have to worry about correctly calculating wages, withholding taxes, allowances, deductions and payslips.
- Saves money – it can save you money on the ongoing software and training costs. You also won’t have to worry about the cost of hiring, retaining and covering in-house payroll staff.
- Reduces risk – it helps reduce the risk of errors, with both staff and HMRC.
- Improves compliance – it gives comfort that your payroll remains up-to-date, amongst ever-changing laws, rules and regulations.
Magma’s payroll team ensure all of the above and more, for over 300 businesses, each with up to 350 employees.
If you are considering outsourcing your payroll, feel free to get in touch with us.
Our experienced and approachable team are on-hand to assist you, please get in touch below: