Originally written by Dan Matthews on Small Business
This year, like 2020, is one of change. Alterations to the legislative environment affecting payroll practitioners have come on top of seismic shifts in the way people work and, often, how they are paid.
For a small business, the difficulties might feel particularly acute, with a changing workforce potentially leading to reduced headcount and new recruits, as well as cover for temporary absences. Fewer people are available to handle a growing number of tasks and keep on top of fluid working practices.
Yet businesses must strategise beyond the shock of 2020 and push for future opportunities. In doing so, you need to understand how you’ll pay for accrued holidays, handle a workforce returning from furlough, employees in multiple locations and how this will impact expenses payments.
It’s a tricky situation, but with some preparation and the right software, growing businesses can navigate payroll problems with ease. Joanne Pringle, payroll product manager at Sage, believes the solution is to create a solid platform of information and processes from which you can work.
“When you have all the set processes mapped out, it allows you to have a laser-focus on changes when they come in,” she explains. “If you
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Payroll: how UK small businesses can get it right
by Dan Matthews • • 0 Comments
Originally written by Dan Matthews on Small Business
This year, like 2020, is one of change. Alterations to the legislative environment affecting payroll practitioners have come on top of seismic shifts in the way people work and, often, how they are paid.
For a small business, the difficulties might feel particularly acute, with a changing workforce potentially leading to reduced headcount and new recruits, as well as cover for temporary absences. Fewer people are available to handle a growing number of tasks and keep on top of fluid working practices.
Yet businesses must strategise beyond the shock of 2020 and push for future opportunities. In doing so, you need to understand how you’ll pay for accrued holidays, handle a workforce returning from furlough, employees in multiple locations and how this will impact expenses payments.
It’s a tricky situation, but with some preparation and the right software, growing businesses can navigate payroll problems with ease. Joanne Pringle, payroll product manager at Sage, believes the solution is to create a solid platform of information and processes from which you can work.
“When you have all the set processes mapped out, it allows you to have a laser-focus on changes when they come in,” she explains. “If you