Ever considered all the costs associated with running the payroll yourself. They are considerably greater that you think. Here are 10 costs that many people not take into account.
- Cost of Software and support
- Time spent in setting up and calling the support line for assistance (not to mention listening to “Hold music”)
- Trying to keep up to date in this ever changing environment. Tax changes, new revenue guidelines etc.
- Dealing with Employee queries.
- Dealing with Revenue queries.
- Time spent processing the payroll.
- Negative effects on staff if the payroll is not completed on time.
- Year End requirements. P35 filings, issuing of P60’s to employees, etc.
- Possible NERA audit if negative employee issues are reported
- The time spent on Payroll issues that could be better spent on developing your business.
Interested in getting a quote on outsourcing your payroll.. click here