It is mandatory for entrepreneurs with personnel to keep a salary administration. You can choose to do this yourself, but outsourcing is also an interesting option. Maintaining payroll administration requires the necessary knowledge and administrative skills. Many entrepreneurs choose to outsource their payroll. This choice saves a lot of time, but has many more advantages.
In this article we have listed the most important advantages and disadvantages of outsourcing your payroll processing . After reading, you can make a well-considered decision whether you do the payroll administration yourself or outsource it.
As an entrepreneur, do you dread the administrative obligations that a payroll administration entails? Then outsourcing your salary administration is a wise decision. This not only ensures that the paperwork you dread is taken care of, but it also saves you a lot of time. If you choose to outsource this administration, the administration office will take care of the payslips, payroll tax return and annual statements. Depending on which administration office you engage, employment contracts are also drawn up and staff questions answered. All this saves you as an entrepreneur a lot of time and energy.
Outsourcing benefits of payroll administration
- Relatively inexpensive. You often pay a fixed amount per pay slip for outsourcing your payroll administration. The costs of this are not too bad in practice
- Time saving. As an entrepreneur with staff, an enormous amount of hours are spent keeping a payroll administration. Chances are that you would rather be doing business than all that paperwork. If you choose to outsource your payroll administration, you often only have to keep timesheets and personnel mutations. This gives you more time and energy to grow your business.
- No more delving into complex matter. Payroll maintenance is a complex matter, the rules of which are constantly changing. As an entrepreneur you often do not have the time to fully immerse yourself in the latest regulations, which means that you can miss out on subsidies or get a hefty fine yourself. By calling in an administration office you can be sure that your payroll administration is in order and meets all legal requirements.
Disadvantages Outsourcing payroll administration
- Less overview. A disadvantage of outsourcing your payroll administration is that you have less overview of the payroll. You are also dependent on the trust office for every change.
Less grip on quality. As an employer, errors in payroll administration can result in a hefty fine. When outsourcing, you must be able to rely on the trust office to have everything in order. It is therefore important to outsource your payroll administration to a specialized administration office.