Top 5 reasons to outsource payroll services

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Top 5 reasons to outsource payroll services

The idea of outsourcing certain business tasks is nothing new. Businesses have been outsourcing all
kinds of services such as IT, bookkeeping, marketing and accounting for many years and for good
reason.
Payroll services are no different, so let’s take a look at the top 5 reasons you should consider
outsourcing a payroll service provider.

Reason 1 – Save on costs

Employing administrative staff to process payroll in New Zealand is expensive.
With our minimum wage recently increased to $20 an hour plus increased employee benefits there’s
never been a better time to consider outsourcing payroll processing.

Payroll providers are able to offer their services at a relatively low cost. The cost has come down with
the help of some great cloud-based payroll software solutions.
Some payroll service providers even have convenient calculators to give you a quote instantly. The
calculators generally calculate the cost based on the number of employees you have and the pay
frequency.

Reason 2 – Save yourself time

Have you found yourself spending too much time on payroll meaning you spend less time on more
important tasks?
Well, don’t give up your day job (growing your business). By choosing the right payroll provider for
your business, you’ll have time to manage your business and even better – grow your business!

save your time

Reason 3 – Legislation and compliance

If you’re processing your own payroll it’s quite likely that you’re not currently compliant with the law.
Scary right? Don’t worry the boys in blue are not on their way to you just yet! Here’s what you can do
to stay on their good side.

Talk to a payroll provider such as Accountdept who can complete a payroll compliance audit and get
you on the right track (and the right side of the law)
It’s important you are speaking to a payroll provider who is a member of the NZ payroll practitioners
Association of NZ (NZPPA). This association trains it’s members on how to be compliant. Payroll law is
ever-changing so wouldn’t it be nice to not have to worry about it?

Reason 4 – Scalability

As your business grows and you employ more staff, outsourcing payroll services will become even
more important.
The cost of the payroll provider is based on 2 things:

1) The number of employee’s you have
2) Pay frequency

This means you can easily scale up or down as you need. You’ll also avoid all of the HR costs and
headaches that usually come with employing staff.

Scalability

Reason 5 – Service

Payroll service providers are experts at what they do. They’ll tailor a package to suit your needs and
often can provide other services such as bookkeeping and other administrative tasks.
A reputable provider will have a dedicated account manager handling any questions or queries you
might have. They’ll go above and beyond to process payroll run’s on time and accurately.
In the event that any mistakes are made, a professional payroll specialist will have insurance to cover
any associated penalties, so you can rest easy.

best accounting service

As you can see, the benefits of outsourcing your payroll are substantial and hard to ignore. Saving
you time, money and giving you peace of mind, why wouldn’t you?

Talk to us about how we can support you and your business.