Is Payroll a pain in your business?

Payroll can be simple but a costly affair if you get it wrong in your business.

Here are just some of the issues that business owners are facing today with payroll.

Too much compliance and red tape.
Employees telling you that you have not paid them correctly.
Too much paperwork associated with superannuation obligations
Keeping up to date with the Modern Awards
Staying up to date with Fair Work legislation
Knowing the Australian Taxation Office requirements

There have been recent cases brought about by the Fair Work Commission for business owners not complying with the Awards. A company based in Canberra is facing legal action following allegations that it had ignored a Fair Work Commission (FWC) order to compensate an employee who had been unfairly dismissed. In August, the FWC ordered the Company X to pay $7650 in compensation to an adult apprentice tradesman who was found to have been unjustifiably dismissed.The employee filed a complaint with the FWO when the compensation was not paid within the requested 14 days.

If you have the proper systems in place, you can make payroll simple and not costly for your business.

Know your rights and know your solutions.

My question to you is how do you simplify the payroll system in your business?