Katie Linstead

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About Katie Linstead

At PayCheck we provide payroll services for bookkeepers in London. Undertaking payroll for your clients can be a time-consuming and costly process as there are so many different aspects to it. Furthermore, the legislation is forever changing and being updated, and just keeping up to date with all that is a job on its’ own. This is why many bookkeepers and accountants prefer to let us handle that side of things, leaving them free for more important tasks.

Starting A New Business Is Both Exciting and Nerve-Wracking

Katie Linstead17 Sep, 2022Finance

Making the jump from being an employee to running your own business in the same sphere can be exciting and nerve-wracking at the same time. You may be working for a company and thinking, “I can do this better than the boss can”. Or perhaps “I can do this just as well and make the sort of money the boss does”.

“But I’m A Gardner, Not An Accountant!”

Katie Linstead17 Sep, 2022Finance

Working for yourself in the UK has certain advantages because you have no boss. You can choose your own hours. You can charge customers whatever they are willing to pay – within reason. So, for example, if you are a gardener and you love gardening, there are plenty of people who have a garden but don’t want to deal with all the hassle, so you can quickly build up a set of customers and spend your time doing what you love and getting paid for it! It can’t be bad!

Accountancy Practices Can Offer Additional Services To Clients

Katie Linstead17 Sep, 2022Finance

More and more small businesses today are choosing to outsource some of their functions to specialists, so they have more time to devote to important things such as growing their businesses. Chief among these is payroll because it has become much more complicated over the last ten years. This is because HMRC introduced RTI – Real Time Information – to the PAYE system in 2013, meaning that tax deductions and returns must be submitted every time an employee is paid instead of just at the year-end.

Our Payroll Services For Small Business Will Save You All The Hassle

Katie Linstead17 Sep, 2022Finance

When you run a small or medium-sized enterprise, there are 1,001 things you need to do to remain compliant with all of the legislation in place today. This is very different from 40 or 50 years ago. Not only that, but depending on the type of business you run, there may also be legislation specific to that industry.

Doing Your Payroll In-House Can Lead To Serious Issue

Katie Linstead17 Sep, 2022Finance

More and more businesses today are outsourcing their payroll to UK payroll services rather than carrying on doing it in-house. This has increased considerably since 2013 when HMRC introduced RTI – Real Time Information – which means that now tax deductions and reports have to be submitted every time an employee is paid rather than just at the year-end.

Why You Should Offer An Extra Service To Your Accountancy Practice Clients

Katie Linstead17 Sep, 2022Finance

Over the last few years, payroll has become more and more time-consuming for small and medium sized businesses, with the result being that many of them are now outsourcing their payroll to their accountants or to specialist payroll bureaus who can do everything for them.

Who Wants To Work For HMRC Part-Time For Nothing?

Katie Linstead04 Aug, 2022Business

When you run a business in the UK, unless you are a sole trader, you will have a few employees. This might be anywhere from 1 to 49, and government statistics state that there are 1,372,705 businesses in this category. By contrast, there are 35,620 with 50 to 249 employees, and just 7,655 with 250 or more employees, so there are far more SMEs than anything else.

Why Should You Outsource Your Payroll In The UK?

Katie Linstead04 Aug, 2022Business

If you run a big business – one with more than 250 employees – carrying out your payroll function is going to take up quite a bit of time. However, a business of that sort of size and larger can afford to hire a payroll manager, and in some instances run a payroll department. However, there are only a few thousand businesses in the UK of this sort of size. There are over 1.3 million with less than 50 employees, and so it is not affordable to hire a payroll manager because there is not enough work to justify it.

Every Hour Spent On Payroll Is Just Another Overhead

Katie Linstead01 Aug, 2022Finance

There are many reasons to outsource your payroll when you run a business. One of the biggest is that the bigger your company gets, the bigger your payroll gets and the more complicated it becomes. In turn, that means that there are more likely to be mistakes and errors, and that can lead to fines from HMRC.

Outsourcing Can Help Your Business Grow

Katie Linstead21 Jul, 2022Business

Many businesses in the UK use outsourcing, which is the business practice of hiring an outside company to undertake certain tasks, because it can be a lot cheaper and better than hiring additional staff or assigning those tasks to existing employees.