Checklist IS CONSIDERABLE MATER IN Outsourcing your payroll

Checklist - using an outsourced payroll supplier
Outsourcing your payroll to a third party will generate another overhead for your business. However, you might feel this cost is justified by the time and money that is saved through reduced administration costs and paperwork. Outsourcing your payroll can also make savings by:
allowing you to concentrate on other areas of business
reducing employee overheads as you'll no longer need to employ a payroll specialist
improving the accuracy of your systems as they're likely to be computerised
However, to reap these benefits you need to make sure that any contract you agree with an outsourced payroll supplier is written carefully. Make sure that you:
specify that they'll calculate tax and deductions accurately, given the information supplied
state that they'll make these deductions to your specific timescales
agree that they'll ensure mandatory requirements are completed or met within the regulatory timescale required
stipulate that in the event of their failing to comply with these requirements, provision is made for them to reimburse you for any resulting penalties
specify that they'll keep the necessary records of any taxes and deductions as required by HMRC
spell out that any additional payroll charges you might incur should be specified
specify that some provision is put in place for any future expansion of their service