If you have been looking for new ways to optimise your business management, outsourcing your business payroll could be an excellent option to consider. Accurate and professionally presented accounts are vital to all businesses, organisations who don’t have the expertise or administrative resources to run payroll may need to seek professional third party assistance. We have outlined some of the top reasons why outsourcing payroll may be a good option for your business:

Save Time & Money:

Outsourcing payroll particularly for small or medium businesses may help your organisation to save both time and money. The time and resource cost of performing payroll in-house is almost always more expensive than the monthly cost of having an experienced payroll organisation handling the process. Not having to spend long hours on administrative work, affords employers the ability to focus on business growth initiatives. 

Minimise Payroll Processing Mistakes:

Payroll errors often result in costly penalties. Third party Payroll providers automate many of the labour-intensive aspects of payroll, thereby reducing the risk of errors, missed deadlines, omissions, or late payroll tax filings. 

Maintain Compliance & Regulations:

Compliance requirements and employment regulations are constantly changing. A payroll expert is necessary for an organisation to ensure compliance with payroll regulations, employee payments, and timely reporting. Our experienced payroll team receives regular training in order to stay up to date with changing legislations and make accurate filings on time. 

Payroll Expertise:

Every organisation has a different payroll process. By outsourcing payroll, your organisation will be working with a dedicated payroll team with years of experience in dealing with all different levels of payroll complexities.  

Safety:

Payroll processors handle a large amount of sensitive employee information and it is one of the key areas of a business that needs to be adequately protected. Working with a GDPR compliance third-party payroll expert, gives you the peace of mind that sensitive data is stored securely off-site and is protected from potential internal mismanagement and external risks. 

What Types of Payroll Services Are Offered by Gallagher Keane?

 We offer a range of payroll services to suit any type and size of business:  

• Weekly/Monthly Payslips 
• RPNs uploaded correctly from ROS onto payroll software for each employee  
• Monthly payroll tax returns uploaded correctly to Revenue  
• Employee commencement and finishing date communicated to revenue in real time  
• Accessible client support 

How Much Does it Cost to Outsource Payroll?

Payroll outsourcing costs generally depend on the total number of employees, payroll frequency, and the specific services that are being outsourced. In most cases, there is a per-payroll processing fee and an annual base fee. At Gallagher Keane we work closely with organisations to determine the right payroll setup for their organisation.

Get in Touch:

If you have any doubts about the accuracy, security or efficiency of your payroll please click here to book a no obligation call today.