WHAT WE DO

PARIS & PARKS

 provides a service that helps make paying people more efficient either by improving compliance and so reducing risk and liability, assisting with delivery of tax efficient remuneration or reviewing and improving efficiency of the function.

Yvette Lamidey, founder
of Paris & Parks, is a consultant to, and for, the Institute of Payroll Professionals.      [more]

LATEST NEWS

IN-YEAR ONLINE FILING
Don’t let the delay in go-live with mandatory online filing for P45s and P46s for employers with more than 50 employees lull you into a false sense of security. There is still much to be done with system and possibly process changes required even if you already file these forms online.

GLOBAL PAYROLL
Even if there were such a product would your organisation be up to the challenge of moving to a truly global payroll solution and all that goes with this in management of such a system? And yes there are one or two out there that can deliver a true global solution!

CASE STUDIES

EXPENSES SOLUTION
How Paris & Parks helped a major high street retail company to put in an expenses management solution for all its businesses.

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REDUCING THE EXPENSES OF PAYROLL

How Much Should You Pay To Run Your Payroll Department?

Of course, to a large degree, this depends upon how many employees you have. Adjustments have to be made for when the turnover of staff is high, where benefits are complex, when you have international staff, or when you have lots of part-timers/hourly paid staff and weekly payrolls. But, generally speaking, there is a simple, non-linear, correlation between size and running costs. If you suspect that overheads are too high in this respect, call us now to take advantage of our comprehensive payroll audit service.

Payroll Audit Service

Not only will we ensure that you're not paying through the nose for your payroll department, we'll show how you compare to the industry average in terms of whether you are employing the correct grades/seniority of staff as well as number of staff generally. We'll ensure that your computer system/software is right for you and that you are getting the correct level of service from the supplier and making best use of the system. We can look at your general compliance systems to ensure that all the new legislation has been efficiently incorporated into your procedures. More often than not we find that many companies do too much work in terms of compliance, which offers another avenue of savings. Another service offered is one which ensures that your balance of internal/external audit procedures are suitable and evaluate risk. For some companies this is one of the most obvious areas to reduce wasted expenditure. By the addition of a few simple internal audit controls, many companies can drastically reduce the number of external audit hours needed.

Outsourcing Payroll

One of the reasons you may be considering a review of your payroll department, in addition to the obvious savings from improving procedures, is your openness to the idea of outsourcing the department function. Organisations are finding that outsourcing payroll (also HR and expenses management) saves a substantial amount on the administrative budget. In addition to the cost savings, these payroll contractors can often handle foreign employment and have better access to payroll specialists that most companies cannot afford to employ. Outsourcing also removes all the need to worry about choosing and updating your payroll computer system regularly.

There are always savings to be made. If you have plans of expansion, restructuring your administrative functions before things get over-taxed will prevent the expansion from becoming an administrative problem, just when you need to focus elsewhere. Call us today to see which of our services will best meet your needs. Our advice can be tailored for management or for the Board, in order to help you deliver necessary changes in the most effective way possible. We'll also help over-see implementation where necessary.



Also See:
Tax Efficient Benefits, Outsourcing Payroll, Shared Services, Reducing Audit Costs.