Why an external payroll review matters more than ever

Arguably, the most important aspect of any company is its payroll. If employees are not receiving their pay in an accurate and timely manner, their productivity levels will falter, negatively impacting the business as a whole.

Whilst most payroll professionals will strive for 100% accuracy, even the most experienced may overlook certain details, especially with the pressures of constantly changing regulations and tight deadlines. That’s why we would recommend an unbiased external review of your payroll and processes.

The following is a list of the common issues that we have found whilst completing these reviews:

• Employment Allowance claimed in error or not claimed at all
• Apprenticeship Levy calculations not completed where required
• Average weekly earnings calculated incorrectly for parental leave purposes
• Statutory Maternity Pay calculations not considering the ‘Alabaster’ ruling
• Pensionable pay calculations not including the correct pay elements based on the scheme rules or employee contracts
• Tax relief not being applied correctly to pension contribution deductions
• Insufficient contractual agreements in place for certain salary sacrifice agreements
• Irregular salary pay dates that are not compliant.

If you feel that your company would benefit from an external payroll review, please contact us for further information on how we can help.