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How much to charge for payroll?

How much to charge for payroll?

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So I saw a prospect today, they have 9 employees (paid weekly) and 4 CIS subbies.

Using our existing fee structure, I quoted £45 per month. Then found out that existing Accountant charges £100 per year!

Would appreciate if others could let me know what they would charge???

Replies (18)

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By claudialowe
27th Apr 2016 17:10

About the same....

On the basis of £5.00 per payslip, that sounds about right with the subbies thrown in for free. Can they not be persuaded to move everyone to monthly payroll?  Reduce your time, their costs etc etc..........

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Hallerud at Easter
By DJKL
27th Apr 2016 17:27

Months and weeks

claudialowe wrote:

On the basis of £5.00 per payslip, that sounds about right with the subbies thrown in for free. Can they not be persuaded to move everyone to monthly payroll?  Reduce your time, their costs etc etc..........

Surely nearer £1.25 per payslip as 9 employees weekly at £45 per month

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By ShirleyM
27th Apr 2016 17:27

£45 per month is cheap

They should snatch[***] your hand off, and £100 per year is nowhere near enough, but if they are daft enough to do it for that fee, then good luck to them.

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By NYB
27th Apr 2016 17:28

Payroll Fees

Think £45.00 is very generous. Especially for a weekly pay. And CIS which requires another return and subcontractors statements. When AE kicks in the work will be doubled. I charge £70pm for weekly pay of 11 employees and the employer is very happy and has been for years.. He does his own CIS.

Bit lost with previous comment as £5.00 per payslip = £45 is for one week only - surely. You are producing approx 20 payslips per month.

If existing accountant is £100 I actually would tell prospective client to stick with it. Its less than £10.00pm and not even worth opening up your payroll for!

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By claudialowe
27th Apr 2016 17:32

Forget my comment!

Forget my comment - brain gone by this time of the day :-)

 

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By HUGH W DUNLOP
27th Apr 2016 18:15

WAGES

I charge £6 per employee for initial set up, £6 per week for first 2 employees, £1 per week for additional employee, £6 for each P45 for a new employee.

£100 is a real bargain.

 

Set up 3 employees  18.00Yearly 2 employees 312.00yearly next 4 employees208.00P45 6 New starts 36.00     £574.00

 

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By shetlandpayroll
27th Apr 2016 20:13

Weekly payroll for £100 a year??!!

Get the name of that accountant I'll subcontract every single client I have to them and keep the rest for myself!

9 x weekly payslips @ £4.00  (assuming not referred or subcontracted work) = £36.00/week *52 weeks = £1872.00/year

I'd do the subbies for free for that amount.

£100 per year?! Madness.

 

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By Mr_awol
28th Apr 2016 11:54

Agreed

shetlandpayroll wrote:

Get the name of that accountant I'll subcontract every single client I have to them and keep the rest for myself!

9 x weekly payslips @ £4.00  (assuming not referred or subcontracted work) = £36.00/week *52 weeks = £1872.00/year

I'd do the subbies for free for that amount.

£100 per year?! Madness.

 

Our flat fee plus modest charge per payslip comes in at a bout £1800 p.a. too, so im with you there

 

 

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By mbee1
28th Apr 2016 08:27

I think for a weekly payroll you're undercharging but then I wouldn't consider taking on a weekly payroll unless they were transitioning to monthly.  If it was a monthly run my fee would be £32.20.  I have a standing charge for running the payroll plus an additional charge for each employee but I don't charge any set up fees.

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By legerman
28th Apr 2016 11:29

AE

How long would it take to do that payroll once ae kicks in?  I currently have a 9 employee weekly payroll but once they stage will have to increase fees.  Is it taking twice as long once in place or less/more?

I have suggested the employer move to monthly payroll within the next year, although I'm quite happy to do it weekly if they want.

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By whatdoyoumeanwashe
28th Apr 2016 12:06

I charge £15 + VAT per

I charge £15 + VAT per payslip for payroll-only clients (I only do monthly). I am straight with them that I am far from the cheapest for payroll (since I am a one-man band I don't have a bookkeeping trainee to pass the work to), and that they might prefer to go with a specialist payroll outfit, but still quite a lot of clients are happy to pay me to do it.

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By HUGH W DUNLOP
28th Apr 2016 20:47

Payroll

£135 for 9 employees per month equals £1620 per annum. Far the cheapest? Many other posters would beg to disagree.

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By Archon
28th Apr 2016 17:30

They must have got what they paid for!

Thanks all.

I did indeed suggest switching to monthly but they didn't want to.

But they have now engaged us nonetheless.

I

 

 

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d
By puzzel
28th Apr 2016 17:58

£15 + Vat per payslip

I would not need may of them each month, especially when I am doing between 50 & 100 emplyees, per business.

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By bumpdinkwhallop
28th Apr 2016 22:53

Flat fees
1 to 5 flat fee of £40 per month. Additional employees £5 per month

Monthly 1 to 5 £25, same £5 per month.

Bookkeepers are around £10 per payrun then £2 a wage slip. Mid tier firms are £70 a month and £1.25 a wage slip.

I do CIS at £50 for contractors return and £5 per sub contractor. CIS Reconcillation (EPS) is between £40 & £75 per month depending on number of statements im calculationg for EPS

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By djn24
03rd May 2016 15:58

We charge £54 per month for 9 employees per weekly pay.
Extra for subbies say another £20 per month.
£100 per year is crazy. Pass me their details and I'll sub out all of our work to them. Will be cheaper than employing someone to do it!!

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Stephen Quay
By squay
03rd May 2016 18:19

We charge depending on the client, number of employees, turnover of staff, how much we need the hassle, etc. We charge for monthly payrolls from not enough to loadsamoney. For weekly payrolls multiply by 4. We've stopped doing weekly payrolls as they are too much trouble. And finally charge separately for the auto enrolment additional duties.

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7om
By Tom 7000
03rd May 2016 19:35

45 a month... I would want that a week. It's going to take at least an hour to do it together with all the communication and billing around this.

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