Pay As You Go
Pay as you go is a new and innovative service where you can benefit from having highly qualified financial management professionals manage the financial function of your business without the commitments or costs associated with employing staff.
The Benefits
On average, an accounting/finance employee is utilised for only 76% of their time; by operating on a variable fee model such as the "Pay As you Go" service, you can save 24% of their salary plus save the additional costs involved in employing staff.
There are vast savings available to businesses of all sizes using a "pay as you go" service. It is considered a rule of thumb that there are additional costs, amounting to 40%-100% of salaries, which cover holidays, NIC, sickness, training, etc.
Click on our cost saving model to highlight the potential savings of using our service instead of employing someone under PAYE.
- In essence, it is a no-commitment, pay-for-what-you-need, service.
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Be flexible in the recession so you can adapt to changes in demand for your business
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Reduce overheads, without losing your ability to manage your finances effectively, and have right the information to make the right decisions.
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Don't be committed to paying set salaries
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Don't have responsibility for Employer's NI costs
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Don't worry about providing cover during holiday periods
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Don't have to worry about recruitment costs (20% of first years salary)
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No lengthy notice period is required
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Avoid training costs as all training is managed by The Local Bookkeeper
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The Local Bookkeeper has a cost effective solution where you can benefit from having highly skilled financial professionals involved in your business, on a regular basis, without the commitment and costs.
