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Outsourcing payroll services provides significant benefits for independent contractors and employers, allowing everyone to operate more efficiently and effectively.
Contractors submit a timesheet online or through the app
Employers approve timesheets online
Employers approve invoices online
Payment & insurance guaranteed
We provide independent contractors with a fast and easy solution to their payroll needs. It’s a simple, reliable process that ensures timesheets and invoices are submitted and managed online, with payments made on time, and importantly, all compliance requirements met. Contractors frequently report that they enjoy the ease and simplicity of our system.
Benefits for Contractors:
- Easy: Clear and consistent payroll systems offering regular invoicing and timesheets.
- Convenient: Payroll services can make it easy for contractors to receive their payments on time, without having to manage invoicing, tax, and other administrative tasks themselves.
- Reliable: Contractors can enjoy guaranteed payment dates and can plan ahead with published payment schedules.
- Compliance: Payroll services can help ensure that contractors are complying with tax laws and other regulations, reducing the risk of penalties or legal issues.
- Accurate: Payroll services can help ensure that contractors are paid accurately, reducing the risk of errors that can result in financial losses or disputes with clients.
- Insurance: We offer access to professional and public indemnity insurance.
For employers, outsourcing payroll services provides significant benefits, such as saving time, minimising risk, ensuring compliance, and having access to expert payroll, tax and employment knowledge.
Benefits for employers:
- Streamlined contractor management & increased efficiency: Payroll services can save you valuable time by handling all aspects of your payroll, allowing you to focus on other aspects of your business.
- Cost-Effective: Outsourcing payroll services can be cost-effective compared to hiring and training an in-house team to manage your payroll.
- Compliance: Staying compliant with tax laws, holiday pay, and other regulations can be time-consuming and complicated. Payroll services can ensure that your business remains compliant with all applicable laws and regulations, minimising the risk of penalties or legal issues.
- Increased contractor retention & accuracy: Payroll mistakes can result in unhappy employees and potential legal issues. Payroll services can help ensure that your payroll is accurate, reducing the risk of errors that can lead to costly problems.
- Real-time reporting: With all our payroll systems being digital we have access to real time reporting, data and insights.
- Peace of mind & expertise: Payroll service providers have specialised expertise in managing payroll, taxes, compliance and benefits of experience and knowledge.
Interested in Absolute Payroll services?
Get in touch with us today for a customised solution and quote.