Businesses urged to review payroll systems
A spate of high-profile cases of payroll errors across the country should spur businesses to review their payroll systems to reduce their risk of tax and legal compliance issues, an accounting firm has said.
Citing research from the Australian Payroll Association, RSM associate director Jane Wood said that while more businesses are starting to outsource their payroll services, 67.5 per cent still managing payroll in-house, leaving them open to a number of tax and legal compliance risks.
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