Giving all round - Cranford Hospice
When asked to prepare a client story for our Christmas edition themed “The Art of Giving”, Cranford...
Getting payroll wrong can prove to be very costly for the employer. Retrospective adjustments going back 6 years, along with financial penalties imposed, are potential consequences of getting it wrong.
What do MBIE, ANZ, BNZ, Fonterra, Progressive Enterprises, The Warehouse, Ryman Healthcare plus 18 other companies have in common? They were all part of the payroll investigations in 2016 that led to $35 million in arrears paid to 26,000 staff. You may think that this could only happen to larger organisations, but, as you see in the media on a weekly basis, it is happening to small businesses throughout New Zealand.
10 KEY FACTS YOU SHOULD KNOW
Employers are strongly encouraged to consider having their payroll processes independently reviewed to establish if they have a problem to be concerned about. Staples Rodway have the capability to conduct such an independent audit of your payroll systems and process for you. Contact your usual Staples Rodway representative to find out more.