For:

Small business owners or staff responsible for managing payroll in businesses with fewer than 20 employees

Purpose:

Payroll is a crucial business function, and mistakes can lead to significant costs in terms of money, time, and effort.

For small businesses, it’s essential to keep payroll straightforward—focusing on the principle of “KEEPING it SIMPLE.”

A common misconception is that payroll is just about using a computerized system to handle everything with the push of a button. In reality, a payroll system is just one tool within the broader payroll process. Payroll encompasses all activities involved in ensuring employees are paid accurately and on time, including both manual and automated steps.

Given the ongoing demands on small businesses regarding money, time, and resources, payroll must be managed to meet all essential requirements without diverting more resources from other crucial business activities.

This course is designed to provide small business owners and those managing payroll with the essential knowledge to keep payroll simple and efficient.

Content:

• What are the “must haves” and “have nots” for a small business payroll?
• Small business payroll processing, keeping it simple, saving time and meeting legislative compliance.
• Understanding the relationship with the employee employment agreement (agreed terms and conditions and legislative requirements) and how it is applied to payroll.
• What is the essential paperwork needed and record keeping for a small business payroll?
• Legislative essentials (tax and employment law) for a small business (in plain language).
• Special small business topic: Getting to grips with employee leave provided under the Holidays Act 2003.
• When selecting a payroll system (in-house and outsourced), what should you look for and ask the right questions? (Don’t fall for the sales pitch; get the payroll that works fully for your business.)
• Keeping up to date and where to find resources for FREE
• Assessing current payroll processes and records for compliance.
• What are the risks to a small business if you get payroll wrong?