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Payroll Outsourcing Enquiries Answered in Details
Hiring a payroll company, be sure to learn about their scope of services, data protection and security, local compliance, performance metrics visibility, and HRIS integration.
Outsourcing payroll management means you leave the task to a third-party provider that will run your payroll, manage your taxes, ensure your compliance with UK regulations, and assist with data security and unemployment insurance claims.
Common payroll risks include underpayments, recordkeeping and payslip errors, tax and entitlement issues, employee classification problems, fraud, inadequate security and backups, and reliance on a single employee.
Consider implementing internal payroll controls such as payroll audits, an automated time and attendance system, segregation of duties, controlled access to the payroll system, training on payroll diversion scams, maintaining a dedicated payroll bank account, exercising check signing authority, and regularly verifying pay rates.
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We provide services to our clients based on the principle of honesty, sound knowledge, reliability, and integrity, assuring the best quality and relevant advisory to our clients’ individual and business tax needs.
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Citygate House,
246-250 Romford Road,
London, E7 9HZ
Our Locations: Stratford, London ● Hounslow, London ● Milton Keynes ● Manchester ● Glasgow ● Bolton
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