Seamless payroll processing is a fundamental building block to a successful business. As well as keeping employees happy and productive, it improves cash flow and ensures legislative and tax compliance.
Outsourcing payroll services relieves the HR team of this time-consuming task, enabling them to focus on high-value, strategic tasks instead.
Read on to discover the top 5 reasons it’s wise to invest in reliable payroll services.
The benefits of payroll outsourcing services
If you’re too busy coordinating vital operations and growth opportunities to efficiently manage your payroll and bookkeeping services, you’re not alone. Knowledgeable Perth accounts highly experienced with Xero can streamline your business, simply by outsourcing payroll.
1. Save time and money
Boost internal efficiency by outsourcing payroll to expert small business accountants, allowing HR to focus on increasing staff productivity and engagement. This not only preserves invaluable time otherwise spent on admin-heavy bookkeeping but maintains a lower wage bill as you scale other company teams.
2. Ensure compliance
Changes to payroll regulations can alter at a moment’s notice, making it difficult to keep up with required changes and prevent costly errors. Using Linc Accountants’ payroll outsourcing services is an investment in compliance, with legislative and tax experts ensuring accurate payroll formulas and up-to-date compliance.
3. Scale your business with ease
Growing your company typically includes hiring new staff. Unfortunately, this means the HR department must also expand to keep up with recruitment and payroll demands. Outsourced payroll services allow you to scale quickly and stay flexible amidst fast-changing business and economic environments, ensuring all new employees are paid accurately and on time.
4. Improved data security
From employees’ personal information to private data like salaries and compensation details, there are many reasons payroll processing requires robust data security capable of protecting against cyber-attacks and security threats.
Payroll outsourcing services prevent the need for costly cloud security with regular data backups to protect in-house software for payroll and additional bookkeeping; another way to save time and money.
5. Access niche local knowledge and experience
Working with an accountancy firm experienced in helping small-to-medium-sized businesses across WA (particularly in the niche sector of construction, tradespeople, and SMSF) is a key way to ensure payroll compliance and improve overall company operations.
Efficient payroll outsourcing services free up your HR team while utilising in-depth local industry and regulatory knowledge to take your company to the next level.
Efficient payroll services from Linc Accountant
Spend less time ensuring payroll compliance and more time growing your business with the help of leading small business accountants in Perth. Linc Accountants are leading providers of payroll support and extensive bookkeeping services, customised to suit the exact needs of your business and its valued employees.
From accounting and tax to cash flow and reporting Linc Accountants has a team of efficient bookkeepers available on a full-time or quarterly basis ready to help wherever they can.
Get in touch today to book a tailored consultation, or to discuss accurate payroll and booking services and bookkeeping with a customised Xero setup service.