The Benefits to your organisation of outsourcing your payroll are:
- You know all costs in advance – this makes budgeting simple
- You save time and money
- There is no administrative burden that is associated with managing your own payroll
- You don’t need to worry about changes in payroll legislation and statutory requirements – these are accounted for as part of the outsourced service
- You avoid dealing with HM Revenue and Customs and other government agencies
- There are no IT and training costs of running your own payroll department and you don’t have to rely on your IT department for support
- You have no need for any capital expenditure – no software, hardware or stationery to buy
- You don’t require any payroll expertise
- You avoid the inconveniences and costs of covering payroll staff on leave – either unplanned (sickness) or planned (holiday) leave can mean you need to organise cover
- Confidentiality, processing accuracy and meeting payment deadlines
- All standard, or company specific reports are designed to meet your organisation’s exact requirements now and in the future
- You have peace of mind knowing that every aspect of your Payroll is being taken care of by professionals
Each payroll period your ITexpress Payroll Services team will:
- Process your weekly/monthly payroll
- Load all payroll input data, amendments and tax code changes onto the payroll system and will calculate any back pay and adjustments
- Check the payroll output for accuracy and verify accordingly
- print payslips and produce extensive management and costing reports which are dispatched with any other payroll output for your internal distribution
- Create the BACS transfer for payments and verify that it is processed correctly
Your ITexpress Payroll Services team will also:
- Take over responsibility for liaison with HMRC for submission of year end data
- Respond to any payroll queries raised by your Payroll Contact
- Prepare all P45s, P60s, send P14s to HMRC, and answer all employee queries on P60s/P45s via your designated company payroll contact.