Payroll review services

Why payroll reviews are more important than ever for small business owners

According to Accountants Daily, “85 per cent of accounting practices claimed that some, or most of their clients were relying on them for services and support over the past six months. Interestingly, accounting practices are more commonly providing more advisory related services in areas like HR.”

For small business owners, payroll reviews are as important as ever. With an increasing number of updates to legislations as of late, it can be difficult for business owners to keep up. Besides these changes, ensuring that you’re paying your staff correctly is critical. We’re seeing an increasing need for small business owners requiring HR advice and they don’t want to be looking for it outside of their existing suppliers.

This is one of the many reasons why we are now offering payroll review as one of our annual services.

What does a payroll review involve?

Just like tax compliance, HR and payroll is becoming increasingly complex. That is why we are now offering our payroll review service as an annual service for all current and new clients.

Our payroll review service includes:

• A comprehensive current employee set up in accounting software
• Education into employee awards and rates
• Employment contracts
• Setting up payroll settings in your chosen accounting software
• And implementation of necessary changes.

If you want to find out more about what we offer, please get in touch with us today.

Why HR and payroll reviews are becoming more important to small business owners

In a post-pandemic world, an increasing number of small business owners are turning to their accountants or bookkeepers for advice and recommendations outside of their general services.

After experiencing financial uncertainty the last few years, as well as recent changes in award rates, as a business owner you want to ensure staff are paid correctly.

According to the Fair Work Ombudsman, $532 million in unpaid wages and entitlements was recovered in the financial period from 2021-2022. This sum was more than three times that from the previous year.

Through a payroll review, we can review how your payroll is set up, and recommend best practices moving forward.

Please note that we are unable to offer legal advice.