Why Outsource Payroll?
Ian Kelly of Davies Tracey tells us how local businesses are benefitting from the
accountancy practice's comprehensive payroll service.
No matter how big or small your company,
you want to spend your time focusing on
business management and growth, whilst
confident that your payroll needs are
being met accurately and on time.
With this in mind, here are our clients' top
reasons to outsource payroll:
1. Cost and continuity
The cost implications of operating your
payroll in-house can normally be reduced
when outsourcing, particularly when
considering staffing and software costs.
Outsourcing also provides peace of mind
for your payroll during staff absences.
2. Training
Sending your staff member to attend
training courses to ensure they keep up to
date with changing legislation can be a
continued and costly effort. It is your
responsibility to ensure that your
employee has the right training to be
able to operate in their key role. Here at
Davies Tracey, the payroll team keep on
top of the current payroll legislation, so
you don’t have to!
3. Auto enrolment worries
Our payroll team has over 25 years of
collective experience and deal with all
manner of payroll related queries on a
daily basis. Auto enrolment can take up a
large amount of time during the payroll
process, due to the constant duties of
continued employer compliance. When
outsourcing your payroll, you can be
assured that with all our in-house
expertise, compliance issues will no longer
be a source of worry.
4. Speed and Accuracy
Here at Davies Tracey we guarantee a
quick turnaround. Usually we endeavour
to provide you with your documents back
on the same day they are received, or
certainly by the next working day. When
outsourcing the payroll, you are paying for
expert knowledge and advice, and
reduced risk of errors - particularly ones
that could often go undetected in-house
for a long period of time.
For accountancy, payroll matters
and business advice...
You're in safe hands with us!
Our specialist payroll team offer vast
experience in providing a confidential,
reliable and tailored service.
For a FREE, no obligation, initial
consultation contact us on
01642 606003
www.daviestracey.co.uk
[email protected]
Swan House, Westpoint Road,
Teesdale Business Park,
Stockton-on-Tees, TS17 6BP
twitter.com/daviestracey
Why cutting costs is not always best in business
One of the first things businesses tell
us, given that our help means they
look at all income and outgoings, is
that they are looking for ways to
reduce spending. Based on our
experience, plus years of listening to
businesses, we always advise that they
proceed with caution. Here’s why…
1. The right cost doesn’t mean the
right fit
A solution being the cheapest doesn’t
automatically make it the best (and
the same goes for the most expensive
solution). Often the corners cut by a
supplier to provide you with a cheap
solution can mean problems for you,
and will almost certainly take up more
of your time and effort.
for the company with more
experience.
3. Beware of a ‘Jack of all trades’
We are firm believers in experts,
hence our company name! In all areas
of business you will find specialists –
finance, insurance, IT etc. Finding one
on whom you can rely is far more
important than finding the cheapest –
who is likely not an ‘expert’ at all.
So of course look at keeping costs
down, but don’t forget value for
money. And if you heed any warning
it’s the latter of the three above,
where we certainly take our own
advice. Our offer is not a ‘one size’
solution, so we partner with the right
invoice, asset and other niche finance
specialists to offer hybrid solutions,
tailor made for our clients.
2. Use ‘rainy day’ mentality
Having the right suppliers in place is
the best way to bulletproof your
business. Imagine for example your IT
Finding a service provider who
fails and your business can’t trade
understands your business is worth its
until there’s a solution, yet your
weight in gold.
suppliers are struggling to find one.
You’ll wish you’d paid that bit extra
Mike Coates, MD, Commercial Expert
Commercial Expert Ltd is an independent loan
broker, offering business funding, commercial loans
and professional financial services to UK businesses.
Approachable
We are a solutions provider. We are
interested in your story and committed to
fulfilling your objectives.
Whole of market access
We have access to a host of traditional and
alternative forms of business finance, from high
street banks to bespoke lenders.
Transparent and bespoke
Highly bespoke funding options, tailored to the needs
of your business and requirements.
Whatever your goal, we're here to help.
01325 359800 [email protected]
www.commercialexpert.co.uk
Authorised and regulated by the Financial
Conduct Authority. Full member of the National
Association of Commercial Finance Brokers.