Companies thinking of outsourcing payroll commitments to cut costs in these uneasy economic times can benefit more during National Payroll Week - September 6-10.

The event is aimed at raising awareness of how outsourcing can cut costs and save time for companies riding out the economic storm.

Solihull and Coventry chartered accountancy firm Prime says the theme of this year's event is "Proud to be Payroll" and is supporting the initiative by offering incentives which make outsourcing payroll even more cost effective.

The firm handles over 300 payrolls for businesses throughout the UK with larger firms looking to become leaner by cutting staff costs as well as time by outsourcing the work of their accounts department, while for SMEs saving time sorting out the complex issues surrounding payrolls means more time can be put into improving production or service. 

Prime has found an increasing number of companies looking to cut costs through outsourcing their payroll operations, giving them more time and resource to concentrate on their products or services.

Jamie Skelding, Prime director responsible for payroll, said: "We offer a full bespoke service to clients from taking care of all the routine calculations to advising on more complex payroll issues.  We give clients complete peace of mind that everything to do with payroll is taken care of so they can focus on other areas of their business.

"And one of the attractions of our payroll service is that it's a fully accredited BACS bureau making payments directly to HMRC so that clients do not get caught out by the new late payment penalty regime introduced earlier this year.  

"We can also use the BACS bureau to make payments direct into employees bank accounts.

"During National Payroll Week we will be offering an incentive on our payroll services and making companies more aware of the advantages of outsourcing to their bottom line".