Payroll Services Buying Guide
How it works
Payroll outsourcing has become a very common method used
by small and medium sized businesses that do not want to
be involved in the hassle of running their own payroll.
It can work in a number of ways but normally you provide
details on a weekly or monthly basis to the payroll provider.
The provider then processes the your payroll and sends you
back payslips with all calculations, including net pay,
PAYE and National Insurance. Most payroll bureaus also deal
with year-end returns, including P35, P14 and P60's.
There are several options available for the actual payment
of salaries to employees. You can choose to pay by cheque
or by BACS (more common). Other options offered by payroll
service providers include the provision of management reports
either by department or by type.