It happened to me actually! One month I received my salary completely as normal, then the following month – disaster! As a freelance worker (at that time), I was shocked to find my “different” looking pay slip had removed Tax and National Insurance and was claiming I was an “Employee”. The struggle to get through to someone and explain to “whoever they were” that they had got it wrong was a long and hard one. The reason behind all this was that the company employing me as a freelancer had suddenly outsourced their payroll services.
Some years later, it’s now an attractive, easy and trouble free alternative option to running an “in-house Payroll Service”. They pay staff on time, every time and deal with the complexities of all payroll legislation and tax matters. To outsource your Payroll Services now is an extremely wise business move. They will undoubtedly utilize HMRC accredited payroll software and ensure that a Company’s Tax/National Insurance and minimum wage obligations as an employer are all sorted and sealed.
A Payroll Services company can start to pay salaries for you at any time of the year: no need to wait until the next sixth of April. Send them your employees P11’s and they’ll be off.
Many of today’s outsourced Payroll Services don’t insist on a minimum payroll run fee or mandatory year end processing. In this way whatever the size of the business, it can be a major advantage. Time spent on paying employees can now be spent working out business strategy or simply reducing the work load. Peace of mind all round.