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Ensuring your payroll is performed correctly is essential to keeping a business alive. No matter how reliable your payroll software is, if you make any mistakes like inputting data incorrectly you may run into a few problems.
It’s important to get employee details correct when completing payroll, as mistakes can lead to various consequences, such as penalties and fines. Incorrect new employee details can also lead to issues with tax, which could be caused by both the employer and employee filling in information incorrectly.
Payroll software is essential for all businesses, especially manufacturing companies. With companies within this industry usually having a lot of staff members all over the country it can be hard to keep track of the hours everyone has worked and what rates or salary they’re on.
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Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.