Outsourced Payroll Services

In a competitive marketplace you need to stay ahead of the competition. Your business needs to not only be efficient and productive but you also need to be agile and responsive to market forces and changes.

At Blue Water Financial Solutions Limited with our Outsourced Payroll Services, we help your business free up time, resources and most importantly money this allows you to focus on strategy and planning. 

When you outsource your payroll to Blue Water Financial Solutions Limited, we ensure that your payroll processing is run smoothly, safely, securely and efficiently. Your employee’s wages / salaries will be calculated accurately alongside any bonus or varying payments together with Income Tax and National Insurance Liabilities. 

Our expert managed payroll team will ensure you have all mandatory reports such as Payslips, P45, P60 and all Year end reports alongside any ad-hoc reports your management team require.

The Blue Water Financial Solutions Limited expert payroll team can deal with all the complexities of your payroll, that is the beauty of payroll outsourcing. 

All we require of your business is the data required to complete your payroll and we will do the rest no more worrying about complicated payroll calculations or forever changing legislation leave that to us the experts.

You may feel that outsourcing your payroll is another expense your business cannot afford however, there are many hidden costs incurred in an in-house payroll department.

These can include holiday pay cover, late or incorrect employee payments this can impact upon your employee experience or worse miscalculations on your HMRC or Pension deductions and underpayments on your liabilities with additional fines or penalties.

What you will receive from the expert Blue Water Financial Solutions Limited managed payroll team.

• Accurate calculation of how much you need to pay your employees including salaried and hourly staff, any statutory payments such as SSP, SMP etc.
• The production and distribution of payslips and all other required documents including any P45’s etc.
• Producing and checking all documents required by HMRC and your pension provider if applicable highlighting all liabilities together with statutory payment dates.
• Processing any additional supplementary runs such as late starters, leavers or incorrect employee data including erroneous hours (free of charge).
• All necessary reports required and any additional ad-hoc reports required by the business for management or productivity requirements (free of charge).
• Year-end processing.
• Safe and secure back up of all data.  

Positives of outsourced payroll with Blue Water Financial Solutions.

• A reduction in costs. This can include saving expenditure on personnel (such as salary including holiday and sick pay, pensions, office equipment, training and recruitment costs).
•  Additional time and resources freed up to grow your business.
• Eliminating a single point of failure.
• A whole business structure including payroll experts supporting your business.
• Always remain compliant with current legislation including HMRC and Pension obligations and requirements.