Can Outsourcing Accounts and Payroll Benefit Your Small Business?

Q: We are Considering Outsourcing Our Accounts and Payroll Function, Even though They have Worked OK in-house ever Since We Set the Business Up. We are a Small Employer with about 30 Staff. Can You Give me a Few Key Pointers So I can Prepare a Business Case for this?

A: There are many reasons why an employer might want to outsource some or all their services and different employers will benefit in different ways. However, there are some common advantages that can be a benefit to all businesses and here are some points you might want to expand on:

  1. Outsourcing allows the employer to work ON their business rather than IN it
  2. When the employer works ON their business and outsources some work IN the business, you get support in a variety of ways – business planning, advice on restructuring, training, business filings like RTI etc
  3. An agent / accountant will have access to a range of up-to-date tools, resources, technology and software that you won’t. These are all essential for compliance in a world that is increasingly complicated
  4. Outsourcing doesn’t mean you are divorcing yourselves of responsibility altogether but outsourcing mean you will get provided with a broader range of tools and expertise than you would have in-house, especially true of a smaller company
  5. An agent / accountant will have access to the most up-to-date legislation that affects processing (and will avoid non-compliance and penalties)

Disclaimer

Powered by BetterDocs

Feeling Lost with Finances?
We're Here to Help!

Tax filings
0 +
Accounts filings
0 +
Reviews
0

Request A Callback

Call Now