STRATEGIC PAYROLL CONSULTANCY
New Levels of Complexity
Things are far more complex than they used to be in Payroll. It used to be you offered the best salary your budget could stretch to in order to retain the caliber of staff you needed. Now if you want to compete for the best staff, you need to be a lot more flexible. Employees demand health-care, cars and/or car schemes, salary-sacrifice schemes, charity schemes, pension schemes, gym membership; the list goes on.
The costing, time commitment and regulatory consequences of implementing such schemes can leave some businesses in two minds as to whether to be a 21st Century employer. Spending months working out the details with the Revenue and dealing with the compliance issues is not conducive to adoption of these schemes.
Sometimes it's good to get a review at a strategic level, that's where we'll help you. Are the benefits you're offering making sense from a tax point of view, are they the benefits that help retain staff? Can your tax bill be reduced legally?
When the thought of trying to keep your payroll under control makes your head throb, we can provide immediate relief, both with help at the strategic level and with implementation. And, if a real sea-change is needed we can help you make the case to the Board to ensure you're understood and supported from conception to implementation and benefits realisation.
There is still a tortuous array of schemes with which to reward your staff, many of which have significant tax and or National Insurance incentives. There are also schemes which are aligned to changing ethical standards which many corporate entities are championing. Call us now on 01672 511 606 to discuss efficient ways of improving your payroll provision.
Also See:
Tax Efficient Benefits,
Reducing Running Costs,
Efficiency Audits,
Outsourcing Payroll,
Payroll Software,
Shared Services.