Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

0

Share

Download to read offline

Finding A Good Payroll Service

Download to read offline

In spite of their best efforts, many Australian business will make mistakes when reporting payroll to the government. Such businesses can end up being penalised for such payroll errors.

Related Books

Free with a 30 day trial from Scribd

See all

Related Audiobooks

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

Finding A Good Payroll Service

  1. 1. FINDING A GOOD PAYROLL SERVICE i3 Group
  2. 2. How To Find A Good Payroll Service In spite of their best efforts, many Australian business will make mistakes when reporting payroll to the government. Such businesses can end up being penalised for such payroll errors. Payroll outsourcing has come up as a viable alternative to processing payroll in-house. There are a number of payroll processing companies in Australia, who are providing this service. Now the question is, how would you choose the best payroll company for your needs, among all these companies? i3 Group
  3. 3. How Can Payroll Specialists Help You? Payroll is not a value-adding activity, though it is critical to companies. When you do the payroll in-house, you are in fact spending valuable time that could have been devoted to better use in some other activity. A payroll processing service will report to both the ATO and your employees on time, taking weight off your shoulders. You will benefit, but note that payroll is sensitive information. Therefore, you would want only the best company to handle it. i3 Group
  4. 4. What Kind Of Payroll Outsourcing Company Would You Want? The payroll processing service should have three attributes - ease, speed and accuracy. The payroll service should exhibit speed when issues crop up, and it should make haste to correct them. The service should make it easy to track/update an employees information. The payroll outsourcing company should perform its job accurately when it comes to dealing with payroll and taxes. i3 Group
  5. 5. What About The Pricing? The payroll outsource market is competitive and companies that provide payroll services know this. Some payroll companies charge by the number of employees. Additional services may cost extra money. Some companies also charge fees for dropping an employee or adding new ones. Different payroll service providers have different rates and packages. One of the first things you should do is to get a quote. i3 Group
  6. 6. What Questions Should You Ask When You Are Outsourcing Payroll?• Here are some basic questions to ask. What is included in the basic payroll service? What add-ons can the company provide and what are the charges? Are interest charges and penalties covered in case there is a mistake and the ATO is penalising the company? What will it cost you to use the service for one year? Can the company help with reports, superannuation, and payment summaries? i3 Group
  7. 7. Concluding Thoughts Payroll outsourcing Australia should not be difficult if you follow all the steps and perform due diligence. You can ask the payroll company about their present clients and how long have they been with them. If the payroll service is not meeting your expectations, you can consider changing the service (check for exit clauses). The best time to switch would be at the beginning of a new financial year or at the end of a quarter when the quarterly reports come in. i3 Group

In spite of their best efforts, many Australian business will make mistakes when reporting payroll to the government. Such businesses can end up being penalised for such payroll errors.

Views

Total views

282

On Slideshare

0

From embeds

0

Number of embeds

1

Actions

Downloads

3

Shares

0

Comments

0

Likes

0

×