Payroll made easy
Payroll made easy
People tend to be happier when things are made easier for them and that’s our mindset when we approach payroll
July 26, 2021

I’m a people pleaser. I’m happy when other people are happy. Whether that be running around after my kids, making baked treats for my colleagues, or going above and beyond for my clients. If it puts a smile on someone’s face, it puts a smile on mine.

People tend to be happier when things are made easier for them and that’s our mindset when we approach payroll. Paying your staff is so fundamentally important but it can be an administrative burden so how can we make the whole process as painless as possible? We have recently added two new systems to our payroll service which could help make your life that little bit easier.

BrightPay Connect – Cloud Services

Over the past six months we’ve moved our payslip delivery system over to BrightPay Connect. Not only does the system work seamlessly with our payroll software but it provides practice owners with all the payroll data at their fingertips. Employees like it too as there’s a handy app which allows them to view and download their payslips more easily and update their own personal data. Plus, the system can be used to reduce the need for email correspondence as practice owners are able to provide payslip entries directly through the secure, online portal. Further details can be found in my earlier blog.

Modulr – Payment Services

Every month we prepare the payslips for practice owners and send them details of how much to pay the staff and how much to pay HMRC. But what if we could arrange those payments for you? Modulr is a payments account, which enables a fast, secure, and easy way to make and manage payroll payments. It works in three simple steps:

  1. We run payroll as normal within our payroll software and send the payment instructions directly to Modulr.
  2. You are notified that payments are awaiting approval and are invited to log into your Modulr portal to approve them.
  3. You then transfer funds from your business bank account to your Modulr account in one single transaction to cover the total of the payments due.
  4. On pay day, Modulr sends the payments to the staff.

The system will save you time, eliminate any issues with staff being paid the incorrect amount and, because they use the Faster Payments system, payments can be sent 24/7, 365 days a year and are settled almost instantly. It’s run on a secure, compliant network and Modulr is authorised and regulated by the FCA as an Electronic Money Institution (FRN: 900573). We’re just starting our journey with Modulr but the initial feedback from our clients is very promising.

These are just two of the innovations that Hive Business are embracing to improve our services to our clients. And the good news is that both BrightPay Connect and Modulr are included in our payroll service – there are no additional costs for either system. If you’d like to find out more about our payroll services, please get in touch.

The information contained in this article is based on the opinion of Hive Business and does not constitute formal tax advice. Any tax outcomes will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future. You should seek specific advice before embarking on any course of action. Hive Business does not provide regulated Financial Advice, including advice on investment, insurance or lending products or their suitability for you. This article is provided for information only and does not constitute, and should not be interpreted as, investment advice or a recommendation to buy, sell or otherwise transact, or not transact, in any investment including Bitcoin and other crypto. Any use you wish to make of any information contained within this article is, therefore, entirely at your own risk.

By Michelle Quince Senior Accountant
If you have any questions or comments about this article, please get in touch.
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