Why us? In fact, why consider outsourcing your payroll at all?
There’s a lot to be said for the peace of mind that outsourcing payroll services can bring to a business Owner or Manager. No headaches, no hassles, no stress, and no worries: You’re left to focus on running your business, knowing your payroll obligations are dealt with correctly, efficiently and lawfully.
A constant question for small business owners is whether they have the latest version of their payroll software and the most recent tax tables installed on their computer. Using the wrong tax tables can result in stiff penalties. Outsourcing payroll removes those headaches and keeps payroll running smoothly. By using iData you can rest assured that your organisation and its payroll complies with the Income Tax Act and the Basic Conditions of Employment Act.
As iData employees are payroll experts the system and services offered are undoubtedly more efficient and cost effective than any in-house payroll department or bookkeeper could hope to be.
An in-house payroll function is as reliably as the people doing the work. With a payroll service, output, speed and quality won’t vary in accordance with holidays and sickness. There is always a risk that you may lose one of the key members of staff that deal with your payroll and all their knowledge walks away with them. If this happens you could find it extremely difficult to replace them, causing a logistical nightmare come payday. You also won’t have to spend time training new staff or helping them to understand your business’s payroll system.
iData will process your payroll on time, EVERY time, with monies paid into employees’ bank accounts. No longer do you need to worry about what to do if your wage clerk is ill or on leave.
Does your Wage Clerk know what the Directors earn? Are Managers asked by employees why somebody on the same
level earns more than them? Have you ever asked how they know this?
If your bookkeeper or controller gets a new job, they will walk out the door with their knowledge of the payroll process and how you do it. Using an outside service eliminates these business risks.
Payroll mistakes can be painful, upsetting and stressful, as well as cost your company money. A good payroll service provider is far less likely to make a serious error than your in-house staff, as you are paying them for their expertise, knowledge and finely-tuned checking procedures they have in place.
Certain types of employment can lead to complicated payroll structures or scenarios. It pays to have a wealth of experience at your disposal which is something you are unlikely to have with a small in-house payroll department. A good payroll service provider will know all the ins and outs of payroll-related tax laws and latest government legislation. Most business owners and controllers don't have time to keep up with constantly changing regulations. By outsourcing payroll, a small business can take advantage of expertise that was previously available only to big companies. It can be very risky to get it wrong!
Do you have the time and energy to closely supervise your business’s payroll for time and rate abuses and other shady activities? Most payroll outsourcing companies have technologies that can spot and alert clients to various types of payroll fraud, such as payment manipulation and ‘phantom workers’. Is your payroll information backed-up offsite on several remote locations and do you have redundancy of information?
There’s a lot to be said for the peace of mind that outsourcing payroll services can bring to a business owner or manager. No headaches, no hassles, no stress, and no worries: You’re left to focus on running your business knowing you payroll obligations are dealt with correctly, efficiently and lawfully.
We are there for you whenever you pick up the phone, YOU don’t have to be the expert.