Many business owners face the challenge of having to work very long hours to ensure the stability and growth of their business.
The average of the UK working week is 37 hours, yet recent statistics show that small business owners work an average of 52 hours a week.
There are many theories around working more efficiently as a business owner to cut down working hours, and certainly making better use of time as opposed to getting bogged down in menial admin tasks, would make a positive difference.
Juggling too many tasks at once usually creates inefficiencies and delegating some of the tasks to a professional service will undoubtedly free up working hours which can be better spent on what the business needs. For example, building better customer relationships and generating more revenue.
Using a payroll managed service gives business owners the ability to work with a professional service provider who will shoulder the administrative burden of managing the financial calculations as well as taking away the headache of managing associated compliance regulations.
Businesses of all sizes are now recognising the value of outsourcing payroll to an external preparation service. When considering outsourcing, payroll is generally one of the first services that is considered and often as a result of advice from a trusted accountant.
Businesses can also save money by outsourcing payroll administration. The calculation of the amount of time the business owner and / or employees spend on payroll administration takes into account printing and distributing payslips, creating tax documents and associated calculations.
Generally payroll service providers will be able to offer the whole payroll operation for less than it would cost the business on a time basis, and you can be confident that they will work under best practice with the right tools and software to operate an efficient and reliable service.
They will also handle the legal compliance on behalf of the company and keep pace with complicated, changing legislation and tax obligations associated with payroll, thus avoiding issues of fines caused by improper filing of payroll taxes.
This provides the freedom for the business owner and /or employees to devote more time on tasks that effect the growth of the business directly.
For most businesses, putting payroll in the hands of experts is not only a smart move – its also a relief.
Here at Keen Dicey Grover, we work hard to ensure our clients can relax knowing that their payroll is handled with accurate, timely, and professional efficiency. This provides them with the confidence in the knowledge that they can focus properly on the tasks that grow their business and revenue.
Keen Dicey Grover
We care…………we really care.