Payroll audits - Why you need one

July 28, 2020

 

Performing a payroll audit can help reduce the risks associated with payroll errors and non-compliance.

There is a myriad of ways in which your payroll processes could put you in breach of legislative requirements and these could prove to be costly.

What is a payroll audit? 
A payroll audit is effectively an external walk-through of your processes from start to finish to ensure compliance and effectiveness.

Our advice would be that you conduct a payroll audit once a year to confirm your processes are up to date, effective and legally compliant.  

Benefits of conducting a payroll audit: 

  • Reduce the risk of potential fraud
  • Identify manual errors or calculation mistakes 
  • Ensure PAYE is accurate and that you are tax compliant 
  • Confirm you are accounting for leave entitlements correctly
  • Ensure compliance with employment laws 
  • Ensure you are using the most effective payroll software

Do you need help with your payroll? 

If you have any concerns about your payroll processes, we have the depth of experience in; software, legislation, best practice and auditing to fully support your business.

Please get in touch to discuss how we can help you. 

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