Payroll responsibilities taking up your time and causing stress?

We hear ya!

It’s one of those tasks that MUST be done correctly and on time by your agreed payday. But gosh it can take a lot of time and energy to perfect!

How you process your payroll can impact your employees' personal cash flow, and the seriousness of the task alone can create anxiety.

Rightly so. The work required to stay on top of a complex function like payroll can create serious stress for business owners.

Ready to let some of that stress go? We recommend payroll outsourcing!

Find out how you can do that simply by reading the information below…

Should You Consider Payroll Outsourcing?

What Does It Mean To Outsource Your Payroll?

Payroll outsourcing is when you use a third-party service provider to handle the administrative and compliance tasks associated with employee pay.

This arrangement is often beneficial for employers who value their time and want to ensure that their employees and taxes are paid accurately and on schedule. In some cases, outsourcing your payroll may even help you save money – by avoiding potential tax penalties. Because when you’re running a business AND managing payroll, mistakes can happen.

Why Should You Outsource Your Payroll?

One of the best reasons to outsource anything is to gain specialist skills that you don’t have in-house – the skills it perhaps doesn’t make sense to have in-house. Bring in an expert (me!) who knows payroll inside out and back to front, then hand this crucial task over! You’ll win back a big chunk of your priceless time and allow yourself to better focus on your core business.

Consider outsourcing payroll if you:

●      Lack the resources (personnel and technology) to run payroll effectively

●      Are unable to keep pace with changing employment regulations

●      Cannot meet data security or recordkeeping requirements

●      Would rather not have the stress of processing this on a weekly, fortnightly or monthly basis

Ready To Outsource? Here’s What To Expect

With payroll outsourcing, you can leave all the heavy lifting to a payroll expert.

When CornerStone Bookkeeping take on your payroll, we’ll become responsible for tricky business like making sure payroll processes and pay comply with the latest legislation, and calculating all payments including statutory payments like sick pay and maternity pay.

Trust CornerStone with your payroll duties, and you’ll benefit from an experienced payroll service provider with outstanding strengths in:

●      Numeracy – for greater accuracy and fewer compliance issues.

●      Compliance – we have an excellent working knowledge of the rules and regulations affecting payroll.

●      Communication and customer service – we can explain the workings of payroll to you and your staff.

●      Timeliness – we work on strict deadlines to ensure wages are issued accurately and on time.

●      Confidentiality – we always exercise discretion.

●      Administration – we’re versatile administrators with a range of clerical skills.

●      Initiative – we’re ready to identify any areas of your payroll that could be improved and are here to help with solutions.

●      Software – we’re Xero specialists! We’ll ensure your payroll processing integrates seamlessly with your existing Xero setup.

●      Analysis – in payroll, small issues can quickly snowball across the wider business infrastructure. We have the skills to identify both problems and opportunities quickly.

●      Adaptability – legislative change can happen quickly and significantly affect the way your business delivers payroll. We can adapt while still maintaining a high level of payroll performance.

Can I Afford To Outsource Payroll?

The question is, can you afford not to?

Naturally, outsourcing this essential task comes at a cost. But at CornerStone, we work with you to ensure you’re receiving service that’s tailored to your specific business needs – at a fair price.

We’ll determine the right payroll setup for your business, whether you’re a small family business or a fast-growing company set to take on the world. You’ll also need to trust in us and hand over the payroll reigns: for many business owners, it can be tough to give up control (Joanna at CornerStone understands this well!).

Your Payroll Is Just The Job For… CornerStone Bookkeeping!

At CornerStone, we specialise in Xero and making life easier for small business owners. Our goal is to provide a high-quality bookkeeping service so our clients can achieve financial success.

Keep things simpler for yourself with payroll reliability you can trust. Ready to get expert payroll support? Call me, Joanna on 021 578 450, or email accounts@cornerstonebookkeeping.co.nz – and let’s talk.