"Our expert payroll audit team can help you stay compliant with current legislation, payroll best practice and the holidays act 2003"
Is your payroll right? Getting it right is more important than ever, and it’s actually more difficult than you’d think. NZ’s payroll legislation is one of the most complex in the entire world. Holidays Act compliance is the most common area businesses are falling short. This can be due to incorrect payroll procedures or calculations. To be sure, contact us to discuss a payroll audit. Often even payroll software providers’ algorithmic calculations are inaccurate. Failure to comply with payroll legislation and best practice can give rise to some pretty ugly consequences. These consequences can include fines, Ministry of Business, Innovation and Employment (MBIE) investigations, prosecution and more. The knowledge you will gain from our payroll audit will give you the ability to make any necessary changes and safeguard your business going forward. Thankfully, our payroll audit team and helpful consultants can help get your business on the right track. You have business insurance and income protection, right? Our auditing service is like a different type of insurance you’re taking out for your business. You’ll be future-proofing your business against any potential employee disputes or investigations down the track. The Accountsdept team are specialists in payroll legislative compliance and can work with your business to achieve compliance in the following areas:
Payroll (Holidays Act 2003) audit
We’ll need to take a look at your payroll data for this audit. We’ll systematically assess compliance using our customised payroll audit checklist. The main focus of this audit is to check your payroll calculations are correct. After the audit, we’ll provide you with a detailed report that will show our findings, any areas of concern and any recommendations/actions required.
Payroll Compliance Audit
This may sound a lot like the above audit, however, this audit focuses on your businesses payroll procedures, payroll policies and the payroll application you use to assess their compliance with the current payroll legislation and also payroll best practice. After the audit, we’ll provide you with a detailed report that will show our findings, any areas of concern and any recommendations/actions required.
Because employment contracts, company HR procedures and policies can directly affect what an employee is actually paid, it makes sense for us to ensure your businesses compliance in this area. HR compliance is scrutinised during any payroll audit conducted by a labour inspectorate (representing the MBIE). After the audit, we’ll provide you with a detailed report that will show our findings, any areas of concern and any recommendations/actions required.
HR & Payroll Compliance Audit
A combination of the above three audits.
There are many other ways we can help to:
Payroll staff assessments and training.
Help providing the required information in compliance with an enforcement notice issued by the MBIE.
Following an identified employee(s) underpay, we can calculate the correct fixed amount owing for any employee(s) over a defined period.
Give us a call or send us a message today to chat with a payroll consultant!