What are the most common payroll errors made by businesses and how can they be avoided?

The most common errors made by small businesses are;

• Failing to report payroll data on time to tax authorities. When pressed for time small businesses often make the mistake of paying an employee an advance/bonus but forget to record the payment through their payroll system. This simple error can lead to incorrect records and tax penalties.
• Neglecting to run payroll on time leading to inaccuracy and unhappy employees
• Forgetting to make payments to the tax office on time which in turn can result in interest and fines.

Small businesses can pay huge penalties for non-compliance, easily avoided by partnering with a payroll service provider.

We Payroll can handle all aspects of payroll calculations and send email reminders telling you when it’s time to process and protect companies against HMRC fines and avoid unhappy employees.