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Is Payroll Getting Too Hard To Handle?

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Running Time: 7:40

Date: 01/08/2012

Recent legislation - and there's more to come - is making payroll management a tricky business. Make sure your clients are up-to-date.

The Fair Work Ombudsman is conducting thousands of audits every year to ensure businesses comply with the Fair Work Act. Where payroll is concerned, many do not, and the fines can be substantial. Darrell Weekes, of Attache Software Australia, says the forthcoming Super Stream legislation will add another layer of difficulty. Things like sick leave entitlements, timely delivery of pay slips and accurate record-keeping are all in the spotlight, which is pushing businesses to contemplate outsourcing payroll or converting to an off-the-shelf package. But be careful, warns Darrell Weekes - some of the those packages aren't compliant with the law either.

  

Topics: Accounting & Tax, Financial Management


Darrell Weekes, Attache Software Australia