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.
Star Payroll provides payroll software to hundreds of Payroll Service Providers. We recently asked them how successful their Auto Enrolment services have been as the demand has grown over the past couple of years. We had 118 responses giving an insight into the delivery of Auto Enrolment for Pensions. Such a fascinating insight,
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. Please read my other 2 articles on LinkedIn which establish the background to the ‘New Reality’ for payroll bureaux and to understand the context of my arguments in this piece.