from £7/ employee depending on size of company and frequency of running payroll (i.e. monthly, bi-weekly or weekly), **please scroll down for exact pricing**
Payroll is one of those systems that is often less expensive to outsource than to complete in-house.
LAS Accounting will handle everything from new starters to leavers, and P11Ds to P60s.
LAS Accounting use Brightpay, the best a cloud-based payroll software, that allows your employees to log in and download their own payslips, effectively removing the need for hard copies and the extra costs that go along with it.
What is more, the more employees you have, the lower the cost per person.
| COSTS PER EMPLOYEE | ||||
|---|---|---|---|---|
| No. of employees | One-off Setup Costs | Monthly costs | ||
| Monthly Payroll | Biweekly Payroll | Weekly Payroll | ||
| 1 | £6.00 | £15.00 | £19.00 | £23.00 |
| 2-25 | £6.00 | £9.00 | £11.00 | £12.00 |
| 26-50 | £6.00 | £8.00 | £9.00 | £10.00 |
| 51-100 | £6.00 | £7.00 | £8.00 | £9.00 |
If you have 52 employees who are being paid on a monthly basis:
One-Off Setup Costs: 52 x £6 = £312
Monthly Costs: 1 x £15+ 24 x £9 + 25 x £8 + 2 x £7= £445 per month
If you have 23 employees who are being paid on a weekly basis:
One-Off Setup Costs: 23 x £6 = £138
Monthly Costs: 1 x £23+ 22 x £12 = £287 per month
LAS Accounting offer a fully managed, outsourced, end-to-end payroll service to ensure your employees are paid accurately and on time, so you don’t have to worry about it:
Filing an accurate payroll with HMRC and with the Pensions regulator is a major requirement of any business. Also, your employees must feel they can count on their payslip to be delivered to them in time and to be accurate.
Payroll processing requires specialized knowledge because the employment legislation has become increasingly complex over the years. For example, since April 2012, payroll must be submitted to HMRC in real time, hence the requirement for Real Time Information (RTI) payroll. For employers, this means that PAYE information is submitted to HMRC every time they pay their employees, not just once a year.
Then, there is also the requirement for auto-enrolment, which means that by law employees have to be enrolled by their employer in a private pension scheme.
Many businesses across the United Kingdom found these requirements quite challenging and opted for an outsourced payroll service.
In brief, here are a few advantages of outsourcing your payroll:
Additional add on services:
If you would like to receive my monthly newsletter containing useful information to help you with your accounts, tips about saving on taxes, or relevant HMRC news deciphered in lay terms, please sign up.
© 2023 LAS ACCOUNTING LTD. All Rights Reserved.
Registered in Scotland, Company number SC716819
