Organisations outsource for many reasons, the following list of questions and answers may assist you decide if you could be one of the growing number.
How do i know if i need fully managed payroll or if i need bureau payroll?
Who are your typical managed payroll or bureau payroll customers?
What size of business outsources their payroll?
Can managed payroll systems or bureau payroll systems link into our finance packages?
Why should I outsource my payroll function?
Does the HMRC approve of outsourcing?
How do I keep up with changes in legislation if I outsource?
Anchor Point:FAQ1How do I know if I need fully managed payroll or if I need Bureau Payroll?Both are ways of outsourcing your payroll function, the difference is how much of the control of data entry do you wish to retain within the organisation. Bureau payroll solutions are part managed whereby clients have control over data entry at source by having a front end version of the payroll Payrite software. Fully managed payroll solutions are where Bond Pay Bureau act as an organisations payroll department and undertake all processing for them.
Anchor Point:FAQ2Who are your typical managed payroll or Bureau payroll customers?
When dealing with outsourcing there is no "typical" client. Our customers range from organisations with one employee right through to organisations with many thousands of staff. The key is to provide the right solution to fit each client's needs, and that is one of Bond Pay Bureau's biggest strengths.
Anchor Point:FAQ3What size of business outsources their payroll?
Any size organisation can outsource their payroll from small businesses to large corporate companies, Bond Pay Bureau deals with all sizes of organisation, once we understand your requirements we can build a service around your needs, no matter how big or small you are.
Anchor Point:FAQ4Can managed payroll systems or bureau payroll systems link into our finance packages?
The Payrite software that we use means that we currently benefit from links to over 63 different finance packages, and as we develop and own our software we can develop a link to new finance systems if required. Our managed payroll service means that we can even pull a specific report together for you if you require it, in the format you require also.
Anchor Point:FAQ5Why should I outsource my payroll function?
Outsourcing your payroll is a good way to alleviate the stresses and responsibility of having to run your own payroll, safe in the knowledge that you are still maintaining full legislation compliance, leaving you to focus on your core business.
Anchor Point:FAQ6Does the HMRC approve of outsourcing?
If anything the HMRC might prefer people to outsource their payroll as this would reduce the number of incorrect payrolls that are submitted each year. Bond Pay Bureau also use software that is HMRC accredited which means payrolls are all fully compliant with current legislation.
Anchor Point:FAQ7How do I keep up with changes in legislation if I outsource?
Bond Pay Bureau keeps up to date with the legislation for you, if you chose fully managed payroll then we will make sure that you are completely compliant. If you are a Bureau payroll customer then you will be using the front end version of our HMRC accredited software.
To find out more, please visit us at www.bondpayrollservices.com