14 June 2018
While most companies strive to ensure their employees get paid on time, mistakes often happen. If you have ongoing payroll errors that don’t get corrected, you could have a major liability on your hands. Payroll errors often occur when the employees responsible for payroll make mistakes, or if time and attendance tracking is not accurate. Another potential problem is if the team responsible for payroll is not updated on the latest laws and regulations related to payroll. A mistake here or
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What is the best work for Accountants?
7 June 2018
Accountants are a very important asset to every business. They ensure accurate financial records are kept, taxes filed on time, and perform audits each year to maintain compliance. One of the best ways to elevate your accounting practice is to streamline processes and administrative tasks so you can focus on providing consulting to your clients to help them reduce costs, enhance revenue, and improve profits. Many accountants manage payroll for clients struggle with day to day operations and acc
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Accountants are a very important asset to every business. They ensure accurate financial records are kept, taxes filed on time, and perform audits each year to maintain compliance. One of the best ways to elevate your accounting practice is to streamline processes and administrative tasks so you can focus on providing consulting to your clients to help them reduce costs, enhance revenue, and improve profits. Many accountants manage payroll for clients struggle with day to day operations and acc
No One Talks about Time Theft
30 May 2018
When people think of theft in the office, they may consider taking home some paper or pens, or maybe using the copy machine. But theft by employees in the UK accounts for up to 40% of retail inventory loss each year, and other industries see losses each year due to theft. The one business theft that no one seems to talk about is "time" theft. Time theft can include long lunch breaks, taking personal calls and using the internet at the office, or clocking in and out earlier or la
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When people think of theft in the office, they may consider taking home some paper or pens, or maybe using the copy machine. But theft by employees in the UK accounts for up to 40% of retail inventory loss each year, and other industries see losses each year due to theft. The one business theft that no one seems to talk about is "time" theft. Time theft can include long lunch breaks, taking personal calls and using the internet at the office, or clocking in and out earlier or la
Is Your Payroll Provider GDPR-Compliant?
24 May 2018
After more than 2 years, the changes to the General Data Protection Regulation have finally arrived. Beginning May 25, a range of new data protection and privacy regulations will go into effect and will be enforceable. By now your company has probably sent out consent emails, opt-out and privacy notices, and made changes to your website and marketing materials. But have you thought about your company payroll provider? Many organisations find that utilising an outside payroll provider to manage
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After more than 2 years, the changes to the General Data Protection Regulation have finally arrived. Beginning May 25, a range of new data protection and privacy regulations will go into effect and will be enforceable. By now your company has probably sent out consent emails, opt-out and privacy notices, and made changes to your website and marketing materials. But have you thought about your company payroll provider? Many organisations find that utilising an outside payroll provider to manage
When Integration Goes Wrong
17 May 2018
Integrating your payroll, accounting, and HRIS systems has many benefits. But what happens when your integration isn’t done properly? Here are common challenges when integration is not done well or not done at all: Data Loss System integration allows the data to pass to multiple systems automatically without much intervention. When company systems like payroll and accounting are not integrated, there is risk of data loss, data privacy concerns, and process complexities due to manual wor
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Integrating your payroll, accounting, and HRIS systems has many benefits. But what happens when your integration isn’t done properly? Here are common challenges when integration is not done well or not done at all: Data Loss System integration allows the data to pass to multiple systems automatically without much intervention. When company systems like payroll and accounting are not integrated, there is risk of data loss, data privacy concerns, and process complexities due to manual wor
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Why is Integration Important?
10 May 2018
When a company is getting started, the first software usually purchased is for accounting and billing purposes. Once the company starts to grow and the number of employees increases, there are usually more software purchases like payroll or time and attendance solutions. As time goes on, these multiple disconnected systems often create issues ranging from audit and compliance to reduced flexibility for the business, and can ultimately hinder growth. Integration can dramatically increase product
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When a company is getting started, the first software usually purchased is for accounting and billing purposes. Once the company starts to grow and the number of employees increases, there are usually more software purchases like payroll or time and attendance solutions. As time goes on, these multiple disconnected systems often create issues ranging from audit and compliance to reduced flexibility for the business, and can ultimately hinder growth. Integration can dramatically increase product
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Maintaining Payroll Compliance
2 May 2018
Hiring new employees is an important and exciting part of every business, whether you’re growing 1 employee at a time, or hiring a whole team at once. By the time your new hires begin, the HR paperwork and administration has been completed, but have you overlooked payroll compliance? Beyond hire dates, there are many factors to consider when managing payroll and ensuring compliance: Employee personal data must be accurate and properly stored and protected under the new GDPR regulations
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Hiring new employees is an important and exciting part of every business, whether you’re growing 1 employee at a time, or hiring a whole team at once. By the time your new hires begin, the HR paperwork and administration has been completed, but have you overlooked payroll compliance? Beyond hire dates, there are many factors to consider when managing payroll and ensuring compliance: Employee personal data must be accurate and properly stored and protected under the new GDPR regulations
Calling All Accountants
25 April 2018
Processing payroll can be a time consuming and bothersome aspect of accounting. If you are searching for ways to become more of an advisor to your clients, and get away from compliance work, here are some simple ways to get started. Technology: One of the easiest ways to reduce your payroll workload is to automate your payroll with a technology solution. With new regulations and laws added each year that affect payroll, an automated payroll tool can help you skip the paperwork and process pay
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Processing payroll can be a time consuming and bothersome aspect of accounting. If you are searching for ways to become more of an advisor to your clients, and get away from compliance work, here are some simple ways to get started. Technology: One of the easiest ways to reduce your payroll workload is to automate your payroll with a technology solution. With new regulations and laws added each year that affect payroll, an automated payroll tool can help you skip the paperwork and process pay
Latest News on Brexit and the Northern Ireland Border
18 April 2018
Last December, the EU and UK reached a tentative agreement to protect north-south cooperation in Ireland. Both sides agreed there should be no physical structure or check points creating a hard border, and that the Common Travel area should continue. Although there have been agreements on the border, there are several key points of disagreement that can cause issues with the open border in the future related to the single market, customs union, and individual rights. The UK wants to leave the E
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Last December, the EU and UK reached a tentative agreement to protect north-south cooperation in Ireland. Both sides agreed there should be no physical structure or check points creating a hard border, and that the Common Travel area should continue. Although there have been agreements on the border, there are several key points of disagreement that can cause issues with the open border in the future related to the single market, customs union, and individual rights. The UK wants to leave the E
Save time and resources with Employee Self Service
11 April 2018
Employee self-service may seem like a small convenience, but each day employee requests for payroll or personal information changes can take time and resources away from your HR or finance team. By using payroll and HR systems with employee self-service portals, employees get a secure login where they can make changes to personal information like name or address, or change bank accounts and print forms. Employees can also request holiday or sick time, update time cards, and verify their persona
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Employee self-service may seem like a small convenience, but each day employee requests for payroll or personal information changes can take time and resources away from your HR or finance team. By using payroll and HR systems with employee self-service portals, employees get a secure login where they can make changes to personal information like name or address, or change bank accounts and print forms. Employees can also request holiday or sick time, update time cards, and verify their persona
How the Apprenticeship Levy affects your business
6 April 2018
The apprentice levy went into effect April 2017 with the intention of helping ease labour shortages and building skills for untrained workers. After a year of the levy, it seems that it is not working as intended. The levy has not increased apprenticeships and has actually hindered some businesses from hiring due to the difficult process of getting reimbursed from the levy after hiring apprentices. The levy is .5% of the annual pay bill each year for companies with £3 million or more in p
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The apprentice levy went into effect April 2017 with the intention of helping ease labour shortages and building skills for untrained workers. After a year of the levy, it seems that it is not working as intended. The levy has not increased apprenticeships and has actually hindered some businesses from hiring due to the difficult process of getting reimbursed from the levy after hiring apprentices. The levy is .5% of the annual pay bill each year for companies with £3 million or more in p
Voluntary Overtime in Calculation of Holiday Pay
28 March 2018
Workers are entitled to statutory holiday pay each year, and must be paid at the rate of a week’s pay. But what determines a “week’s pay”? Recent court cases have arisen from the calculation of holiday pay. In one case, a worker’s overtime payments had to be included in the calculation of holiday pay. In another case, the EAT decided that voluntary or regular overtime were entitled to have the overtime included in their holiday pay. In another case, a group of plu
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Workers are entitled to statutory holiday pay each year, and must be paid at the rate of a week’s pay. But what determines a “week’s pay”? Recent court cases have arisen from the calculation of holiday pay. In one case, a worker’s overtime payments had to be included in the calculation of holiday pay. In another case, the EAT decided that voluntary or regular overtime were entitled to have the overtime included in their holiday pay. In another case, a group of plu
