8 payroll mistakes small business owners make

1. Spending too much time and resource on payroll

If you are not a skilled payroll provider you will waste valuable time doing labour-intensive tasks like calculating tax deductions and setting up digital payments to Revenue. This is time that you could be devoting to growing your business.

2. Paying their employees the wrong amount at the wrong time

Without an expert, it’s easy to make payroll mistakes. Cue late or incorrect payments, and angry or unmotivated employees. Not to mention fines from Revenue. Instil workplace harmony by making sure your payroll is done properly.

3. Unsecure personal information

Payroll is about more than just processing paycheques. It’s about the proper storing and processing of sensitive employee information including payslips, timesheets and statutory deductions. With Small Business Payroll’s cloud-based payroll system you can be sure that this data is being stored securely.

4. Incorrect Revenue payments

Payroll mistakes are common – and costly. If you don’t pay the right amount of tax to Revenue at the right time you could end up with a fine. A professional payroll service can eliminate this risk.

5. Backlog of paperwork

With lots of long and confusing forms to fill in, it’s difficult to ensure all your paperwork is completed and up-to-date at the right time. We can deal with all your payroll related admin for you, so you don’t fall behind, freeing you up to advance your business.

6. Missing an important update

Employment law is constantly changing, affecting things like tax laws and minimum wage. It’s easy to miss regulatory changes and you can quickly end up in legal hot water.

7. Overpaying or underpaying for absence

It’s time-consuming and confusing to keep track of annual leave, sick leave, parental leave etc. If you don’t effectively manage and stay on top of timesheets you can easily lose track. A payroll provider can manage this for you.

8. Lack of employee access to pay details

In the smartphone age, employees are demanding up-to-the-minute access to their pay details. They don’t want spend time emailing back and forth to get the information they need. Our payroll service offers them access to their payroll details at their fingertips through their smartphone.

Small Business Payroll offers a complete payroll service for small businesses, saving your precious time, for a small annual fee starting at €275