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Setting up a Payroll Business

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Hi. I am thinking of setting up my own payroll business/bureau. Has anyone done this before and how do I go about it? Do I need a licence, etc. 
Any advice would be appreciated.

Thanks

Neinita

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By Leywood
03rd Dec 2021 07:19

The question is very broad and I think you are expecting a lot from respondents. Probably better to start with what research have you done and specifically what issues you are finding.

Do you understand the difference between the 2 types of businesses/ how will you fund the latter?

Licence- what professional body are you a member of? Have you asked them? Have you checked out HMRC website re AML cover? Start there.

Did you get involved in furlough? How will you manage that if it happens again?

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