There are many other reputable payroll service providers including
Compupaye Bureau.
Many companies outsource their payroll as
they do not have the time to keep up with the now complex PAYE tax
and pension legislation.
Managed payroll services includes
reconciliations, calculating your
PAYE tax bill, submission of pension
and HMRC PAYE annual returns, support and advice on
payroll legislation.
Choosing the right payroll
services provider for your business is crucial. There are payroll service companies that charge
less than £20.00 per month (or even free) which is OK if you are looking for just a processing
only service on a budget. Your company may be left to provide any complex calculations for backdated pay
increased, starters and leavers. When choosing a payroll provider, it is important to consider all of the options and decide which
payroll bureau will be most suitable for your company.
During these difficult times, choosing an
inferior provider without any quality accreditationsis
false economy. We often get calls from companies who have received
fines and penalties because their provider had "forgotten" to submit their
statutory returns. Often crucial requirements such
as the HMRC P35 Year End return is not included in the service
resulting in the client being responsible for submitting their own annual returns. Our
payroll FAQ can help you decide.
Choosing a cheap bureau is
fine if you are looking for a skeleton service stripped of any
quality or management. Enhanced services such as
BACS
transfers, online legislative helpdesk, newsletters and budget reports
are minimal or non existent.
Our PAYE service is fully managed professionally
in-house. We do not offshore nor do we re-outsource any of this activity.
We invest in our staff which is accredited by Investors In People and the The
Association of
Accounting Technicians.
If you are looking for
managed payroll service provider, look a stable provider with a high client retention,
years of experience and specialised knowledge. The key to our
success and why nearly 400 clients use us.
This evaluation
questionnaire was published by us back in April 2007 which is intended to
assist your company in choosing the right payroll company for your
organisation.
If
your answer is NO to more than 5 of these questions then you should seriously
consider outsourcing or changing your current provider
.
Payroll Administration Experience -
Are you using a company who's only business activity is
providing payrolls for small companies?
Is your payroll supplier BACS approved?
Only Bureaus that are financially stable with robust internal
security systems will attain this accreditation.
Is your
payroll supplier ISO9008 accredited? Only a few payroll
bureaus have this ISO9001 quality systems.
Is the person responsible for overseeing your payroll fully
qualified with The Institute Of Payroll & Pensions Management
diploma?
Anyone can setup a payroll bureau and many are self taught so how
do you know if they are qualified?.
Does
your payroll supplier
invest in their staff payroll qualification
training to Investors In People Standards?
All our staff have payroll or Accountancy qualifications.
Certain businesses have unique payroll and pension requirements.
Does the company have more than 10 years payroll experience in your
business sector which can be proven by existing clients real
references?
Does the current supplier specialise in small businesses
payroll but also have the infrastructure to accommodate should your staff
numbers increases or if you purchase other companies?
If you employ 50 or less staff, did you receive the
HMRC
online filing incentive last year
or will you get it this year?
Help Desk
- Does the company provide a
manned helpdesk during business house Mon-Fri and providing online support 24 hrs
7 days per week?
Can you rely on the organisation to get it right when it comes
to
complex payroll issues? Inferior providers will leave it to your company to
calculate retrospective pay increases or complex spinal pay bands. They
probably won't monitor the minimum wage, sick or maternity pay either.
References and Costs
-
Can you trust the organisation to charge you a
competitive fixed price
for the same comparable service without imposing high price increases once
they have got you? Some companies
offer a free trial as they cannot sell you on quality. This is then
followed by a lower quality or comparatively expensive service knowing that due
to time constraints, you won't bother to switch.
Is the current provider happy to provide real
references from
existing clients in your field of business or locality?
NHS Doctors Surgeries - Is your
NHS
Pension Scheme data scan up to-date. i.e has your cyclic updates
been submitted every year?
Risk Management - Do you have more than
one person responsible for the payroll to cover for holidays?
Can you rely on your organisation
data storage facilities, contingency plans and compliance with the
Data
Protection Act?
Our price is tailored specifically on your requirements and the service level
agreements.
