There are some firms who choose to combine the purchase of HR payroll and outsourcing their payroll solutions at the same time.

A mix of the two approaches gives a business the benefit of freeing up the staffing resource once responsible for HR payroll when it was an internal process, and also to benefit from the complete visibility including reporting on taxation and employee salaries providing them all the benefits of both these payroll solutions.

There are certain essential features that should be expected from any payroll solutions software systems:

• An HR payroll software system must be able to calculate income tax and NICs along with any loans or deductions.
• It must be able to calculate employer National Insurance Contributions (NIC) and have the ability to keep a record of payments and deductions.
• It is necessary to produce regular pay statements for employees and be able to easily file HMRC.
• The software has to have a connection with the Electronic Data Interchange (EDI), along with various PAYE form exchanges for sending through its P14 and P35 year-end data.
• The software also needs to be able to make payments online.
• An electronic filing system is compulsory and HR payroll software has to be able to provide the help and support required for hitting deadlines such as end of year taxation and forms P45 and P46 information.

We at Moorepay have 300 HR payroll professional staff based in the UK who provide the efficient and timely delivery of payroll solutions to thousands of satisfied clients.