Outsourced Payroll Means Happy Employees
Posted on 4th February 2021 at 11:00
We work with sole traders, limited companies and partnerships that have anywhere from a single member of part-time staff to a large permanent workforce. Keeping employees happy in their role is crucial, as failure to do so can result in lower productivity, poor morale and reduced staff retention.
There are many actions you can take to maximise employee engagement and wellbeing, from designing vibrant working environments to offering healthy snacks to keep them energised. Whilst this is an opportunity for you to be creative, the most essential thing you need to do is also the most obvious: pay your staff on time, every time, no exceptions.
This can be easier said than done, as it requires a lot of time, paperwork and attention to detail, simultaneously ensuring financial compliance across the board. This is where we come in, as TreyBridge Accountants is a trusted provider of outsourced payroll, which comes with a variety of additional benefits.
We’ll start with the one that every business owner loves hearing, as outsourcing your payroll to TreyBridge is an excellent method of saving money one way or another.
If you’re currently managing it yourself, we’ll free up multiple hours that can be spent on business growth and service delivery. If you have in-house staff running the payroll, choosing TreyBridge means that they remove a large task from their to-do list and can focus on ways of making your business more profitable.
Payroll isn’t just about making sure that every member of staff is paid what they’re owed. It also involves managing annual leave, statutory sick pay, National Insurance contributions, maternity and paternity leave, working hours, National Living Wage, individual tax relief, auto enrolment into pension schemes, and total adherence to all UK employment legislation.
You'll surely be pleased to hear that we do all of this for you and keep everyone on the same page.
Reliable data security
Managing payroll involves a lot of personal and confidential information, which absolutely must be protected around the clock. This necessitates sophisticated digital security systems in order to prevent fraud, data breaches, embezzlement and other activity that can destroy the reputation of your business.
We store, monitor and safeguard your data using the world’s leading cloud-based systems, giving complete peace of mind that every piece of information is safe and secure.
As well as managing your payroll, we help you and your staff to log expenses without any stress. Apps like Receipt Bank are a great way to record receipts as soon as you receive them, plus software such as Xero, QuickBooks and Safe are designed as much for ease of use as they are for achieving 100% accuracy.
No one likes being fined
Incorrect or late payroll information can result in hefty fines from HMRC, plus employees retain the right to sue their employers for incorrect or consistently late wages. There’s simply no need for this to happen, so get TreyBridge on board and you’ll never receive a penalty.
Grow your business
We help business owners to achieve sustainable growth through payroll management, bookkeeping, credit control, cash flow management and more. To get started, fill in our contact form and one of our specialists will get back to you right away.
Tagged as: Payroll
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