{"id":151167,"date":"2025-03-23T06:35:04","date_gmt":"2025-03-23T06:35:04","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/what-is-managed-payroll-iris-kashflow\/"},"modified":"2025-03-23T06:35:04","modified_gmt":"2025-03-23T06:35:04","slug":"what-is-managed-payroll-iris-kashflow","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=151167","title":{"rendered":"What is Managed Payroll? – IRIS KashFlow"},"content":{"rendered":"


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At KashFlow, we recently launched Managed Payroll<\/a> \u2013 which is our name for an outsourced payroll service. In this blog, we\u2019ll take a look at what outsourcing actually is and why it could be a massive benefit for your business.<\/p>\n

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What is outsourcing?<\/h2>\n

Outsourcing is defined as \u201cobtaining goods or services by contract from an outside supplier\u201d. In the context of most businesses, think of hiring an accountant or asking an agency to help with your marketing \u2013 you\u2019re asking someone external to lend their expertise and help you with an important part of your business. Outsourced payroll is the same idea.<\/p>\n

When you outsource your payroll to KashFlow, we act as your payroll department and do all the work for you. That means processing your payment data, submitting employee data and providing the payslips to employees. Because our team are all payroll expertise, we can make sure you\u2019re staying compliant with all the latest legislation and getting everything filed on time.<\/p>\n

Why outsource your payroll?<\/h2>\n

Running a payroll is a fundamental part of being an employer. Unfortunately, it\u2019s a time-consuming task and there\u2019s a high risk of error if you\u2019re not sure what you\u2019re doing.<\/p>\n

If you\u2019re running a payroll every month, every week, or a mixture of both then you\u2019ve got to calculate wages, deduct tax and National Insurance, ensure everything is correctly filed on time and more on each occasion.<\/p>\n

This is time you could be spending on marketing, bookkeeping or financial forecasting<\/a>, training, networking, or even taking a well-earned break.<\/p>\n

If you wanted to launch a successful ad campaign and guarantee some big results, you\u2019d probably ask a marketing expert to help you out. Managed Payroll is exactly that for your payroll.<\/p>\n

Outsourcing simply means that you\u2019re getting your payroll completed accurately and on-time every month, without having to do it yourself. You still retain full control of your money, your employees and your wages; you\u2019re just not having to do any of the admin.<\/p>\n

Key benefits of outsourcing<\/h2>\n