How flexible is your payroll services department? If the Government suddenly announced a different tax rate for two categories of workers, could your wage administrators respond in time for the due date?
What if, in a new Budget, it was announced that 'from midnight tonight petrol duty was rising by x pence', and claims for travel expenses would be taxed at y pence in the pound from next month. Would your payroll services get this month's travel expenses calculated and paid correctly and promptly? What if a new minimum wage rate came into force, or a change of tax status for company cars or workplace creche facilities? If statutory maternity pay suddenly changed, or the Government awarded an extra Bank Holiday for a Royal Wedding, or an industrial dispute arose and workers went on strike, would your payroll staff know exactly what to do, and when?
Chances are they won't - at least not without much time spent updating their knowledge of the new regulations. And time, as any business manager knows, is money. If it is taken away from core duties the business will suffer.
In today's unpredictable economic and political climate, administrators of payroll solutions need constant vigilance to keep up to date. That's why many businesses now find it best to appoint professional payroll outsourcing services, such as we offer at Dataplan Payroll. It's our job to keep up with all the changes, and respond promptly, freeing your staff to work on your core business.
