Following two quickfire changes in National Insurance rates and as the impending change to the minimum wage approaches, it has never been more important for business owners to be on top of their payroll. In February 2024, over 500 companies were named by HMRC for not paying the minimum wage, with the named employers ordered to repay nearly £16 million cumulatively after 172,000 workers had been left out of pocket. With HMRC investigations on the increase, responding to changes and complying with legislation is essential.
Increasingly, organisations are now working with specialist payroll providers and benefitting from both the expertise and reassurance that come with outsourcing this essential function. Baker Tilly Mooney Moore’s specialist, dedicated payroll team is headed by Payroll Manager Claire Galloway.
Claire said “The process of outsourcing the payroll function is straightforward. Clients send their information to us by email, we process it and return it for checking. We will assist with making the payment and take care of the rest – calculating statutory payments, sending the information to HMRC, advising of PAYE liability as well as ensuring compliance with The Pensions Regulator and dealing with any day-to-day queries.”
“We know clients who manage their own payroll often have concern over confidentiality as well as holidays, illness and staff changes having an effect on the smooth running of their payroll. Outsourcing takes that worry away. Of course there are other benefits: reduced software costs and freeing up valuable time are also important.”
The Payroll Team at Baker Tilly Mooney Moore works with clients across all sectors with employee numbers ranging from 1 to over 200, paid weekly, every two weeks and monthly. To find out more or to arrange a free consultation with no obligation, please get in touch with Payroll Manager Claire Galloway T: 028 9032 3466 E: clairegalloway@bakertillymm.co.uk