Payroll Services, PAYE & Funding for Staff Wages

Increasingly businesses are seeking outsourcing services to help with the burden of running their payroll (the system used to pay their staff).

These services can be particularly helpful to businesses with large numbers of employees such as recruitment companies e.g. temporary staff agencies, but it can be equally relevant to any kind of business that employees any number of staff.

The outsourcer may undertake the Payroll function on a standalone basis or as part of a funding package e.g. through factoring or invoice discounting. In this way, monies provided by the invoice financing facility can be used to settle the payroll.

We can introduce you to providers that will handle your payroll function for you, taking away the administrative burden. You can use this service on a standalone basis or as part of a funding and payroll package.

These services can reduce the administrative burden of dealing with employees, PAYE and the DSS.

A payroll services provider can:

Process timesheets, produce and despatch payslips direct to employees.
Pay your employees by electronic funds transfer.
Issue P45s to staff that leave and P60s/P35s each year.
Handle queries from staff, the Inland Revenue and the DSS.

We can also introduce you to financiers that will fund your staff wages bills each week or month alleviating the cash flow headache. In addition, there are services available that will fund your wages bill without affecting your existing factoring or invoice discounting arrangements.