ABP Payroll Services - 0845 0945 343
 Get your payroll right from the start.
Payroll is just one of many things you have to consider when starting a new business with employees.
What is Payroll?
If you employ staff you are required by law to set up a payroll system so that you can deduct National Insurance and tax contributions from your employees wages. Other deductions may also need to be calculated by your payroll system, such as student loan repayments and pension contributions. Changes to taxable benefits such as company cars will affect your payroll.
The Business Link website has useful information about many aspects of starting and running a business.
How do I manage payroll?
While there is plenty of software out there to enable you to run your payroll in house, the cost of getting it wrong can be very high. You could employ a payroll specialist. You must consider the cost not just of their salary but also of temporary staff you may need when they are away. In addition you will have to pay for training and software updates to enable them to keep up to date with current legislation.
Why outsource payroll?
Outsourcing payroll isn’t just easier, it can be more cost effective.
Business Benefits
- Spending on outsourcing payroll is a tax deductible business expense.
- If you are a business owner you can use the time you might spend on payroll developing your business and improving your bottom line.
- If you are a larger company you can save on the cost of recruitment, employment (sick pay and holiday pay) and continuing professional development of a payroll specialist. That’s one less desk space to fund.
- You can eliminate anxiety over trying to keep abreast of legislative changes that may affect your payroll.
- Save money on specialist software, updates, licences, specialist stationery, and trade journals.
- Save time writing company cheques and have all your staff wages paid directly into their bank accounts via BACs. ABP can give you a report that your Banks' software recognises so that your staff can be paid via BACS
- Professional support included in the price of your payroll. You are not limited by the skills and knowledge of one key individual.
- Minimise the risk of costly mistakes and data loss by using professional payroll services.
- Keep your staff happy and motivated by ensuring they are paid the right amount, at the right time, every time.
"ABP Associates have taken a great weight off our shoulders, just by knowing that, all that side of the business has been taken care of. We know we can rely on them to get it done on time, easing the pressures of business"
Dewi Davies, Easibales, Carmarthen.
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