Payroll

As companies expand their operations across borders, managing payroll becomes increasingly complex. Each country has its own set of rules, tax structures, employment laws and reporting requirements, and what runs smoothly in one country can become a major compliance challenge in another.

Growth is a key goal for any business. This typically starts with expanding nationally by opening new locations, reaching more customers and increasing revenue. The next step is to take on the global market, tapping into a much larger audience and creating new opportunities for revenue growth.

As people become desperate to make ends meet more workers are turning to employee fraud as a means of supplementing their income. A recent survey revealed that fraud committed by employees in the UK alone went up by over 40% last year.

From juggling limited resources to keeping up with ever-changing legislation and regulations, it's not surprising that small business owners often become overwhelmed by the many challenges they face. Amid these, managing payroll and HR tasks can be particularly burdensome, diverting attention and resources away from core business objectives.

Payroll is fundamental to employee engagement and retention. Managed seamlessly, payroll enhances an organisations' reputation and its financial stability and it can play a significant role in the overarching company strategy. 

uFiling is a FREE online service that allows you to securely submit your UIF requests and pay your monthly UIF contributions. It allows employees and employers alike to complete and submit monthly UIF declarations and to securely pay UIF contributions without any hassles.

People in various organisational functions and departments have had to work better together over the past few years. This has put renewed focus on how effectively human resources and payroll integrate. Ian McAlister, General Manager at CRS Technologies, examines how human resources should work closely with payroll if companies are to remain effective.

Payroll, for many people, remains a mystery. The processes and calculations that sit behind the monthly amount that lands in the bank account are vague and complicated.

Henry Boyle said: “The most important trip you may take in life is meeting people halfway.”

The occurrence of ghost employees on a company’s payroll system ranks as the most difficult type of payroll fraud to detect, particularly in larger companies where no proper controls exist.