Payroll is more than paying people on time. It keeps you compliant, builds employee trust and frees up hours you could spend running the business.
This National Payroll Week, we’re offering every business a free payroll health check and a package of useful resources to keep their processes on track – whether they are just starting out or looking to improve their processes.
It is a job that every employer completes regularly, but have you ever stopped to think about why it is important to get it right?
Accurate, on-time payroll is one of the clearest signals of a well-run business. Get it wrong and it can create new challenges in compliance risk and in how employees feel about the business.
Failing to meet a deadline or paying your staff incorrectly will land you in the sights of HMRC and could lead to penalties. Handing payroll to a team that lives and breathes it means fewer errors and less chance of fines or damage to your reputation.
Rates, thresholds and reporting requirements shift regularly. Expert support means you're never the last to know, and never left carrying the risk of getting it wrong.
This week is a natural point to check your processes are still fit for purpose and to identify where efficiencies are waiting to be found.
We support a wide range of businesses, both large and small, new and old, with their payroll processes.
Our support and guidance helps different members of your team in different ways:
If any of the members of your team are feeling the pressure of payroll, maybe it’s time you get a quick check of your process.
To help you manage your payroll processes and stay up to date with your regular payroll deadlines, we have prepared a number of useful, downloadable guides:
A handy checklist covering the areas most businesses fall down on.
A quick list of the key dates that employers should know when it comes to managing their payroll.
A simple walkthrough for businesses setting up payroll for the first time.
If National Payroll Week has given you time to reflect on your current processes and you would like help managing them, please speak to our team.
Ready to take the next step in your financial journey?
Contact us today to find out how FFT can support you. Whether you need help with your personal finances or business accounting, our friendly and open-minded team is here to assist you.
Freedman Frankl & Taylor is the trading name of FFT Limited.
Registered in England and Wales, Company number: 04510195
Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales
Manchester Accountants
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