What are the advantages of external payroll accounting service providers?
Mit dem Jahresabschluss wird die Buchführung eines jeden Geschäftsjahres abgeschlossen. Der Jahresabschluss hat große Relevanz, unter anderem, weil er die gesamtwirtschaftliche Situation eines Unternehmens repräsentiert. Ein Jahresabschluss kann jedoch auch nichtig sein. Wir von der Steuerkanzlei Martin Bleckmann in Köln erklären Ihnen, ab wann das der Fall ist und welche rechtlichen Folgen ein nichtiger Jahresabschluss mit sich bringt.
Should you Payslips for employees and produce employees yourself or transfer them to a team of experts? Many companies, self-employed people, landlords and landlords are confronted with this question. For that Outsourcing payroll accounting There are usually two factors: First, the basic technical equipment is missing and secondly, the task may seem too complex for you. If you get your payslips from a payroll office, a tax advisor or let a tax advisor do it, but you will incur additional costs. In addition, outsourcing will inevitably result in you giving third parties insights into sensitive data and operational internals. Nonetheless, the benefits that we, tax advisor Martin Bleckmann and team, explain below prevail.
Benefits of outsourcing payroll
One advantage of outsourcing payroll accounting is obvious: You save time. The preparation of payslips for your employees is linked to an extensive bureaucratic process. Your Cologne tax advisor Martin Bleckmann will provide you legally compliant payslips available and also takes care of Timely notifications to social security funds and the tax office. An investment of time that benefits you for other activities in your company.
In addition, payroll and tax consulting firms have the necessary expertise in the subject of wage law and are constantly learning in this area. Finally, there are legislative changes at regular intervals. That's why you always have to stay up to date with payroll accounting if you prepare your payslips yourself. Experts can help you professional support offer and provide you with advice and assistance with tax audits and questions about wages and salaries.
What are the disadvantages of outsourcing payroll?
Despite all the advantages that you benefit from when outsourcing payroll accounting, we would also like to inform you transparently about the possible disadvantages. These include:
- loss of control
- Data protection
- liability
- expenses
In plain language, this means: Not all entrepreneurs like the idea sensitive data to entrust external service providers and thus lose control. In this context, you must also ensure that your employees' data is stored in accordance with data protection regulations. If a tax advisor has your payroll done, hafDo you Still for any errors in the information on the payslips. It is therefore your duty to submit the data correctly. If you run a start-up or a small business, the Outsourcing costs Break your budget with payroll accounting. For this reason, we recommend that you calculate the fee for the external service provider precisely in advance.
Why should a tax advisor take over payroll accounting?
Payroll requirements are increasing year by year. This is mainly due to changes in legal requirements, which not all companies want to deal with continuously. In our tax consulting office, we are constantly working on current regulations and implement all payroll accounting processes on time.
As soon as consistent salaries and alternating payouts have to be settled at the end of the month, it is a relief for you if all the data is stored by your tax advisor. In that case, you can be sure that the Bundled statements be forwarded to the tax office and social security institutions. Even if your company has a tax audit Should this happen, your external team of experts can provide you with the necessary data and guarantee you professional support. It is therefore the most effective solution for you to entrust your payroll accounting to a tax advisor such as Martin Bleckmann.
