Payroll Health Check
The Irish payroll landscape changes fast. PAYE Modernisation, gender-pay gap reporting, statutory sick pay and evolving Benefits-in-Kind (BIK) rules. If your payroll hasn’t been reviewed recently, hidden errors could be costing you money and raising your revenue audit risk.
At Forvis Mazars, our dedicated payroll team is fully abreast with the latest legislative and regulatory changes as they emerge and utilises best-in-class technologies to support our payroll clients.
We provide advisory services and support to our payroll clients by carrying out robust payroll health checks. We document and evaluate the efficiency and effectiveness of current payroll processes and procedures, assess the use of technology, review the payroll for non-compliance and make recommendations for future improvements and opportunities for efficiency.
Why should I get a payroll health check?
A payroll health check will give you clear, prioritised recommendations plus a quick-win checklist you can apply before your next pay run. You will be audit-ready with confidence for your Board, finance team, HR and every employee in your organisation.
The review will include the following steps:
| Review current process documentation and detailed discussions with key payroll/finance and HR stakeholders. |
| Set up and component review and sample test of the employee population, including starters and leavers. |
| Follow through a payroll cycle against the process documents. |
| Prepare a report with recommendations including enhanced controls, technology, operational efficiencies and compliance. |
The benefits of a payroll health check
Compliance Review:
Your payroll processes will be reviewed for compliance with tax legislation, including tax deductions, minimum wage compliance, pension obligations, BIK and expenses under ERR. This will reduce your risk of overpayments, interest, penalties or a potential Revenue audit and ensures employees are paid correctly.
Operational Efficiency:
We will evaluate the efficiency of your payroll system, including the software used and data management practices. Streamlining processes can save time, reduce manual steps and the arising risk of errors and unnecessary costs.
Accuracy & Reporting:
We will review your payroll data for accuracy to prevent over-/and underpayments and potential associated penalties. Regular checks can help identify and correct errors.
Risk Assessment:
We will identify if there are potential vulnerabilities in your payroll processes that could lead to financial penalties, legal action, reputational damage or fraud. Implementing solutions and controls to mitigate these risks is crucial. Introducing clear segregation of duties to key areas such as banking can reduce the risk of financial fraud.
Legislative Updates:
We will inform you about changes in payroll legislation that could impact your business. This ensures ongoing compliance and helps you incorporate new requirements into your processes effectively and efficiently.
Resource Management:
We will assess how resources are allocated within your payroll operations and if they are suitably qualified. Efficient resource management can reduce administrative burdens and improve overall productivity.
Speak to Hilary and Jennifer and book your payroll health check today.
Want to know more?
Jennifer O'Neill Director, Payroll & Outsourcing - Dublin
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Payroll is one of the core functions of every business – we deliver reliable, efficient and cost-effective payroll services in a compliant and secure manner.
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Managing global payroll across multiple countries can be challenging for many businesses.
Beyond payroll services
Forvis Mazars has deep experience in providing outsourced payroll administration to clients around the world. But unlike most traditional payroll providers Forvis Mazars offers you more than “just” payroll administration.