Common payroll mistakes businesses make, by bookkeepers for small businesses in Sydney

When you start running a small business, it becomes tempting to do everything yourself so that you can cut down on costs. That’s why our bookkeepers for small businesses in Sydney have devised a list of common mistakes businesses make when it comes to payroll.

In order for you to avoid making these small yet very relevant mistakes, it might be time for you to seek some small business bookkeeping in Sydney. Here are the common payroll mistake business owners make:

• Not having the correct employee details
• Not reconciling and reporting the necessary information needed
• Missing payroll deadlines such as:

o PAYG withholding
o Annual Payment Summaries
o Quarterly Super Reporting
o SuperStream Obligations

• Not bothering to research payroll software to benefit the process

Unless you have experience in payroll, you won’t really know what you are doing 100% of the time and that’s why it is crucial for you to consult with a small business bookkeeping company in Sydney.

Feel free to contact our bookkeepers for small businesses in Sydney if you have any enquiries regarding your business’ payroll.