Nicki Shipley, Partner of the firm said “getting payroll wrong is one of the biggest risks that many businesses face”.
The payroll team at Smailes Goldie Group acts as an outsourced payroll department for dozens of businesses across Hull and East Yorkshire, minimising risk and taking the hassle out of the process for business owners.
This means that business owners can better use their time to develop and grow their businesses rather than worrying about payroll and the many changes in legislation.
Jill Wernham, Senior Payroll Manager said “the complexity of the constantly changing rules governing payroll, the need to deduct taxes correctly and to pay all employees the right amount on time, coupled with severe legal penalties for breaches means payroll is a key area of risk”.
Nicki and Jill made the comments ahead of National Payroll Week, which runs from Monday 2 September to Friday 6 September 2019 and is sponsored by the Chartered Institute of Payroll Professionals.
To celebrate National Payroll Week, Smailes Goldie Group are running three networking events on the 3rd,4th and 5th September for anyone to come and meet the Payroll Team and ask any Payroll related questions.
Jill added: “Payroll is an enormous challenge for businesses and other organisations with even only a few employees.
“Tax rates, rates of National Minimum Wage (NMW) and National Living Wage (NLW), workplace pension contributions and student loan repayments are constantly changing.
“The penalties for getting things wrong can be severe, potentially leading to fines, being named and shamed by HM Revenue & Customs and a breakdown in the relationship with affected employees.
“This means that getting payroll wrong is one of the biggest risks that business owners face.”
Nicki Shipley added: “The importance of payroll services to the UK’s employers cannot be understated, and it comes as little surprise to me that the Chartered Institute of Payroll Professionals estimates that the sector will contribute £301 billion to the UK economy this year.”
If you would like to book onto one of the three dates please contact Lois Large via email@example.com.
If you are unable to attend the events and would like to know more about how Smailes Goldie can help, please email firstname.lastname@example.org.