A payroll audit helps you ensure that employee pay is correct and that all deductions and reporting are accurate. While some employees will immediately report if they think their pay is inaccurate, others can miss issues which can lead to overpayments for months or even years. You can catch these mistakes with a payroll audit, which should be an indispensable part of your quality assurance strategy.
Our payroll audits not only review payroll compliance but also the solution design and delivery of the payroll service. This gives you a full independent assessment of your processes and service delivery to determine how effective your payroll service is.
More recently we have seen an increased pressure on payroll teams, with Furlough payments, National Living Wage and implementation of an additional National Insurance we know that payroll complexities are difficult to manage.
Our team can provide assurance that your payroll operation is compliant and effective at all times.
As payroll technology consultants we pride ourselves on offering a flexible approach to your systems and implementation needs.
Lets get started- How transactions are processed
- System configuration to ensure elements of pay are being treated correctly for tax, national insurance and pension contributions
- Third-party payments and deductions such as attachment of earnings and voluntary deductions
- Pensions auto enrolment, re-enrolment and pension regulator compliance
- Pension scheme deductions inline with scheme best practice e.g. teachers, local government, NHS, nest schemes
- Payroll controls, sign off and payment processes
- HMRC records and reporting
- Accuracy of payroll and how that could be improved
- Payroll initiatives which could reduce costs to the business
- Independent assessment of National Living/Minimum wage regulations
We can offer independent reviews ahead of implementing new employee benefits or incentives to ensure they are inline with legislation and will be processed effectively in your system.
Discover more about Phase 3’s payroll audits.
Contact usWe’d love to hear from you! Get in touch to discuss how Phase 3 can help you with your people technology goals.
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