Outsourcing your Payroll Services in Durban

It doesn’t matter how big or how small your company is, managing your staff is a full time job all on its own. Not only is it up to you to make sure that your staff have a happy and healthy working environment, but you also need to make sure that when month end rolls around, you are able to pay their salaries on time, while also deducting the necessary taxes. Sounds stressful? Don’t worry, our payroll in Durban has your back!

Payroll consists of the various processes and procedures that happen all month long to ensure that staff receive proper compensation for their work while at the same time, the taxes and the UIF submissions are kept up to date. Noncompliance with payroll will almost certainly lead to headaches for you, as not only will your staff be less than impressed with not being paid, but you will also possibly end up with legal problems on your hands.

Whether you are just starting out with your company and you are navigating this exciting but complicated world for the first time, or if you are looking for a way to scale down monthly costs by not having a full finance team on board, when you outsource your payroll to a company like Austral Accounting, we can certainly make sure that you can do business as usual, while we take control over your payroll.

Payroll outsourcing services is by no means a new idea. The concept has been around for a while and it is a wonderful solution for growing companies looking for a way to save on costs. With a small workforce, there is really no need to have hire a full time finance department especially since you have the option of outsourcing your needs to a company like ours.

With a full team of accountants, book keepers and tax practitioners, for a reasonable monthly fee we can make sure that your staff are paid and that you remain tax and legally compliant. We can become an extension of your company and we are always a call away if you have any questions or if you should need some helpful advice.

Payroll practitioners can do so much more than just calculate your monthly staff pay, they can also transfer the money into the accounts of you employees and take care of all of the necessary deductions. They can also process the payslips and send them out on your behalf, again saving you plenty of time.

All in all, you will be benefiting in numerous ways and you will also find that since there are various options available, you can be very flexible with how you choose to organise your particular outsourced payroll service.

The Various Types of Outsourced Payroll Services in Durban

Understanding that each company is unique and that, as such, each has requirements that are unique to them, you will find that there is a variety of services available from payroll companies in Durban. Popular payroll options include:

1.     Full payroll provider

This type of service basically gives you access to a full time payroll person who will handle the entire process, every month, from beginning to end. In some companies such people are payroll providers, while in other companies they can also work as accountants or bookkeepers. Some of these providers could be specialists in handling smaller company payrolls while others are more suitable for bigger companies that need more attention.

The full payroll provider is the ideal if you want to make sure that you have everything covered each month, but with such an all round service, you should expect to pay out a little more.

2.     DIY

It is not a completely DIY service, as the payroll provider will still do some of the processing, but a lot of the admin will fall on you. You will still have to make sure that the time and attendance and other such admin is up to date, while the provider will calculate the taxes and do the payments. This service is cheaper, but can be tough on those who just don’t have the time to tackle admin.

Choosing your payroll provider

With such a selection of options and companies to choose from, making the right choice can be difficult. And you certainly don’t want to be making the wrong choice with a service as important as this one. Some of the considerations to make, when on the hunt for such a service, includes:

Automated services

There are a lot of payroll software products out there that you can use for your admin. This minimises the amount of work that you end up paying for and as such helps you keep your expenses really low.

Regular detail updates

Changes in employee details can really end up making a mess of things. Good providers will be sure to stay in regular contact with you to find out if everyone’s details are still up to date and in order.

Secure data

A breach in your data, when it is at a provider, can be devastating. You will want to make sure that the provider you choose is able to give you proof that your data is safe.

To find out if the provider you are looking at is able to meet the considerations above, don’t ever be shy about asking as many questions about their company, their software and their services as you like. This is a service you are buying and it is up to you to make sure that you end up working with the right company.

At Austral Accounting, we can process your payroll for you and we can also ensure that the service we provide you is flexible enough to meet your specific needs. If you wish to find out more about how we can provide your company with a custom service, you can get in touch with our team. Our payroll providers in Durban are highly skilled and already work with plenty of companies, expertly working out their payroll each month. Get in touch with us today to find out more.