Getting your payroll compliance right

Managing your business's payroll can be a careful balancing act, particularly navigating tax and legislation compliance. But here's how payroll management systems, like Sage, can help your business grow while remaining compliant on the go.

Since business spaces and workforces have become more dispersed over the last two years, one of the biggest concerns for small businesses was ensuring that their payroll systems stayed up to date with tax-related and regulatory compliance.

Because many businesses have evolved into a hybrid ecosystem of in-office and remote work, payroll and HR processing systems have become digitised and mobile, allowing business owners to move along with them.

However, digital systems can threaten these processes' security and compliance if not secure. 

Some common payroll mistakes or risks businesses should avoid include: 

- Not keeping tabs on local laws and requirements

- Late payments 

- No audit control 

- Data inaccurate 

- Misclassifying employees and contractors

But there are ways to ensure that your payroll processes remain compliant so that you can rest assured that your company and employee payroll data remains protected.

Consider using an HR and payroll software provider that values compliance and ensures legislation gets followed, like Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, which will allow you peace of mind in processing your payroll and HR data on their systems. They do this by providing regular updates and advice on legislative and tax changes that help you stay on top of compliance in your payroll processes.

Gerhard Hartman, Vice President for Medium Business at Sage Africa & Middle East, shares his expert advice on the best ways to ensure your business and workforce can run smoothly and stay compliant.

Watch the video below to hear what Hartman has to say and how Sage safeguards your business compliance through legislation prioritisation: