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15th June 2022

Tracking New Regulations for Payroll

Payroll has constantly evolving regulations that can make the process complicated for your team. Keeping track of new regulations is a key component for payroll compliance, so here’s what your team needs to know to stay ahead of requirements and maintain compliance for your organisation.

HMRC Legislation Updates
HMRC is continuously making changes to regulations each year that impact payroll. Using payroll software can help you verify new changes and provide automated updates to legislation so your team can ensure compliance. If you don’t know if your payroll technology can provide automated updates, check for cloud-based payroll solutions that provide automatic updates for HMRC changes.

Payroll and Compliance Reporting
There are several year-end reporting requirements that take time and resources away from daily operations. With custom reporting within your payroll solution, you can reduce manual processes and spreadsheets to create your monthly and year-end reporting. Make sure your payroll software provides reporting tools so you can ensure payroll and compliance reporting is done accurately and on time.

Integrated Payroll and HR
Payroll and HR uses the same employee information but is usually in different systems. This creates many duplicate entry and processes to manage the same employee data. Having payroll and HR integrated in one system reduces errors, simplifies payroll and HR for both teams in the organisation, and securely manages employee data. With integrated payroll, HR, and time management tools, your team will spend less time on data entry and reduce costly errors.

Keeping track of new regulations and staying ahead of new HMRC changes doesn’t have to be challenging. If your team has integrated payroll and HR tools and custom reporting, you can simplify payroll for your team and ensure compliance for your organisation. Talk to our team to learn more about integrated, cloud-based payroll, HR, and time management tools to make it easy to manage employees and reduce resources spent on payroll. Click here to learn more

Need help to understand what solution is best for your business?

Speak with our expert team today on 028 2764 1060

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