Professional Outsourced Payroll Solutions

Focus on your business while we take care of your payroll function

Need a specialist company with payroll experts and bespoke financial solutions for medium and large businesses in the UK?

 

Our Outsourced Payroll Service

With added flexibility and option to scale you can choose how we at Profits Plus can handle your payroll efficiently and cost effectively. 

Outsourcing payroll services has become a popular trend among businesses of all sizes.

By outsourcing this task, companies can save time, reduce costs, and minimise potential errors.

Payroll service providers are experts in managing payroll-related tasks such as calculating employee salaries, taxes, and benefits.

They also keep up with the latest payroll laws and regulations, ensuring that your business is compliant.

Outsourcing payroll services allows business owners to focus on their core activities, such as growing their business and improving customer satisfaction.

Overall, outsourcing payroll services can be a smart decision for businesses looking to improve efficiency and reduce administrative burdens.

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Why Choose an Outsourced Payroll Company like Profits Plus?

  • We are an accountancy firm with 100’s of payroll clients
  • Onshore and Offshore support
  • Cost Effective (50% or more than hiring yourself)
  • Years of Industry Experience
  • CIS and Umbrella company processing expertise
  • Technological expertise

FULLY MANAGED PAYROLL SERVICE


This allows you to fully outsource your payroll services without worrying about the buying the licences or employing team members. 

We will onboard your data to our portal and process weekly, monthly, biweekly payroll for your clients. 

  • Produce payslips, check the accuracy of the data and making sure minimum wages requirements are met.
  • Produce employers PAYE summaries and relevant reports
  • Submit Real time information (RTI) to HMRC
  • Produce P45s and P60s, and complete Year End Processing and calculating employee benefits.
  • Provide auto-enrolment reporting and guidance
  • Produce files and data
  • Employer’s payslip – P30 
  • Employer’s summary
  • Payroll Journals
  • P60, EOY summary, P32, P11, P11D, P45(car), P45 
  • Subcontractor payslip 
  • Monthly return – CIS300 
  • Process timesheets, create reports and submit to HMRC
  • Completion of P11D forms including P11d, P9D, P11D(B) and P46 (car) forms

FLEXIBLE PAYROLL SERVICE


This service allows you retain your in-house dedicated payroll teams, and we provide additional support and services based on your requirements. You can choose to buy your own software.

  • Complete pre agreed payroll tasks and reports
  • Produce payslips
  • Calculate SMP, SSP, Holidays PAY, etc.
  • Produce payroll reports (p45, p60, p11d etc)
  • Email payslips through designated email address
  • Respond to any queries and make changes where applicable.

PAYSLIPS ONLY


We agree to process the payslips for you based on your requirements. This services normally suits an organisation with large payroll requirements such umbrella companies, recruitment companies, hospitality groups.

  • Check time sheets
  • Prepare the payroll file
  • Monthly Bookkeeping
  • Process the payroll and payslips
  • Email payslips to check
  • Complete the filling once approved.

Payroll Services for Small Business as well as Large Businesses

Fully managed payroll services are a great option for both small and large businesses.

Small businesses can benefit from having an experienced team of payroll professionals managing their payroll operations, while larger companies can enjoy the cost savings of outsourcing rather than hiring an in-house payroll staff.

For small businesses, the outsourced payroll function can help reduce paperwork and administrative costs associated with manual processing. 

Payroll outsourcing

  Payroll Outsourcing (Frequently Asked questions):

Payroll outsourcing services are becoming increasingly popular among businesses of all sizes. Outsourcing payroll solution can save time, money, and hassle, while providing the same accuracy and security as in-house payroll systems.

Save time:

First, by outsourcing your payroll you can save time. Payroll processing requires a lot of paperwork and calculations, which can be cumbersome and time-consuming for busy business owners. payroll software can automate many of these tasks and give you more time to focus on other business activities.

Payroll Compliance: 

You don’t need to worry about keeping up with the ever-changing government regulations. Payroll service providers have experts who keep up with all of the necessary changes and can ensure that your business is in compliance with the necessary payroll legislation.

Security: 

Payroll companies take extra care to ensure that your data is secure, as many of these companies are compliant with industry security standards.

Timesheet processing:

Another benefit of payroll outsourcing services is that they offer time sheet processing. Many companies use paper-based time sheets, but manual processing can be tedious and labor-intensive. Outsourcing your payroll to a third party ensures that all of your employees’ hours are tracked accurately and efficiently. This eliminates the need for costly and timeconsuming manual processes.

Save Resources:

If you’re looking for a way to simplify payroll, PAYE and payroll services can be a great option. With these services, you get the expertise of professional payroll experts who can handle all the details for you. This means that you don’t have to worry about filing taxes or calculating national insurance. 

The cost of a payroll service can vary, based on the size of your business and the complexities involved in your payroll. Generally speaking, outsourcing payroll services can be quite affordable for businesses of any size. Most payroll services providers offer scalable solutions, so you only pay for what you need. In addition, many providers offer free trials and discounts to help reduce costs further. Ultimately, the base price for an outsourced payroll service will depend on your specific needs. 

Whether you have a small business or a large one, payroll services can be incredibly beneficial. By outsourcing your payroll, you can save time and money on administrative costs, as well as gain access to experts who can handle the calculations and paperwork accurately and securely. Plus, many providers offer scalable solutions so you only pay for what you need.

Need assistance with Her Majesty’s Revenue and Customs Tax Authority (HMRC) or a Collective Information Scheme (CIS) then there are guides to support you. Making decisions and planning for the future is important and completing return’s is all about paying attention to the tiniest details. We help unravel each section of the ever changing Tax Return as development of our own team is just as important to us.

Outsourcing payroll is an increasingly popular choice for businesses of all sizes. While it can offer many benefits, it’s important to understand the pros and cons before making a decision.

The main pro of outsourcing payroll is that it can save time and money. It eliminates paperwork, calculations and other administrative tasks associated with payroll processing. Plus, it can provide the same accuracy and security as in-house payroll systems.

On the other hand, one potential con is that you may not have direct control over how your payroll is processed. Additionally, it can be difficult to find a reliable provider and there are typically additional fees associated with outsourcing.

Payroll outsourcing services can be a great option for businesses of all sizes, from small startups to large corporations. By working with a dedicated implementation team, small businesses stand to benefit significantly from outsourcing. For larger businesses, dedicated outsourced payroll team is an incredibly cost-effective solution that allows them to outsource their payroll operations to experienced professionals.

First and foremost, look for a payroll providers that have experience dealing with taxation laws and other regulations. This will help ensure your business is compliant and avoids any costly fines or penalties. It’s also essential to make sure the provider offers the services you need. Does the provider offer employee self-service options ? Do they provide support and training when needed? Finally, ensure that the provider is reliable and affordable. Ask for references from other businesses to get an idea of their service quality and any potential fees involved.

When it comes to outsourcing payroll, there are a few potential risks you should be aware of. Firstly, if the provider you choose is not experienced in dealing with taxation laws and other regulations, it could lead to costly fines or penalties for your business. It’s also important to ensure the provider offers the services you need. If the provider does not offer certain features or services, it could lead to data security issues. Additionally, there is always a risk of data breach when outsourcing payroll as your sensitive information is handled by another company. Also it makes sense to take quote from more than one provider before deciding who is best suited for your needs.

Working with accountants and bookkeepers can be hugely beneficial when it comes to outsourcing payroll. Accountants and bookkeepers are experts in taxation laws and regulations, so they can help ensure your business remains compliant. Plus, by taking on the burden of payroll calculations, they can free up valuable time for you to focus on other aspects of running your business. It’s also important to note that accountants and bookkeepers can help you make the most of.

Outsourced CIS Payroll

CIS Suffered & Deducted is a taxation system used in the UK for businesses who pay subcontractors for construction work. Under this system, contractors deduct payments from subcontractors before paying them and then report to HMRC how much they have deducted. This helps ensure taxes are paid correctly and on time.

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Business expanding and need some assistance?

Outsourced Payroll Services in the UK

Pensions Automatic Enrolment & Workplace Pensions

Pensions auto-enrolment and workplace pension schemes are two important considerations. Auto-enrolment is a government initiative that requires employers to enrol their eligible workers into a pension scheme and contribute towards it. On the other hand, workplace pensions are schemes set up by employers that allow eligible workers to save for their retirement.

Auto-enrolment can be a complex process and it’s important to ensure you are compliant with the rules and regulations. Working with a payroll outsourcing provider with experience in auto-enrolment and workplace pensions can help make sure your business is up to date.

Engagement Model

  • Software of your choice

We work with you using the best software to process payroll requests and save the reports on your server.

  • Our Software

We’ll take care of all the heavy lifting, so you can focus on what’s most important. We process payroll requests and provide reports in your required format – securely stored away for easy access at any time!

  • Payroll Projects

Got a large payroll project and not sure how to handle it? Speak to us to see what we can do for you.

Outsourced Payroll Service

See our other accountancy services at Profits Plus

Outsource Payroll service in the UK with Profits Plus

We will find the right fit for you matching your business need with the right level of expertise