The changes taking place in payroll today are nothing short of revolutionary and the impact upon payroll bureaux is huge. It’s my opinion that this is fuelling totally New Dynamics within the payroll arena generally and the bureau marketplace in particular.
If those two sentences look familiar then you have probably read one of my other blog posts,
Unless you have been hibernating or simply avoiding both the payroll & national press you will know by now that on May 25th, 2018 The General Data Protection Regulation (GDPR) comes into effect.
For payroll service providers compliance with data protection ‘goes with the territory’ so there is no news there,
Until very recently the juxtaposition of these three words in such close proximity was almost unheard of in most accounting firms. Payroll represented a tiny proportion of their overall revenue and, as such, was hardly worthy of close attention. Far more important to manage the BIG NUMBERS coming from the audit,
Imagine undertaking a project that never ever ends! If you are a Partner, Director or Manager in a firm of accountants this probably sounds pretty risky….
Imagine a project worth hundreds of thousands of pounds which is constantly evolving with unforeseen changes over time; a project made up of hundreds of different components and variations;
A critique of charging methods in payroll bureaux
Up and down the land I hear the same old story from accountants in practice and see the same line being trotted out on their websites: “flat rate charges for payroll”.
When I have asked clients why they work this way the justification seems to be that it gives the client certainty about their payroll costs (good for them!!) and it makes it easy for the firm to churn out the same bill month after month.