Ok, so next to the taxman, your company payroll department might well be the most criticised people on the planet. Of course, when your pay is accurate and on time then you love the payroll people with a passion but when things go wrong it is a completely different matter. Rightly or not the payroll professionals come in for an awful lot of abuse if your pay is not perfect.
I have had experience of working in a payroll department, in fact, I WAS the payroll department so I am going to put forward a few ways that you can help your payroll department perform their job more efficiently and process all the money that you are due correctly. Yes, it is largely up to you I am afraid!
Your payroll department is only able to work with the information that you give it so it is important that you provide them with everything they need. I don't mean handing in your expense forms the day after they are due either. It is your responsibility to send your payroll department everything that you are claiming for in good time for them to process it.
If you live in a country where you have a tax code that may be open to change due to your circumstances, your payroll department can't be expected to be psychic, even if you wish they were. For example, in England, if you have not submitted your previous tax form when you start with a new company then the payroll department is obliged to set your tax deduction rate at the basic rate. This is a lot higher than your tax code is likely to be but it is the only course of action that they can take. So, when your pay is processed you may find that you have a lot more tax deducted than you should have. This is down to you and means that you have to wait until the end of the tax year to claim back your overpayment form the local tax office, not your payroll department.
Of course, not every country works the same way but they do have similar policies when it comes to claiming work related expenses. If you do not send in your claims in a timely and accurate manner your payroll department is not going to be able to reimburse you for the amount you have paid out.
Payroll departments are usually extremely busy around pay day because of the volume of last minute submissions for expenses and other additions to your pay. They are only human and mistakes are not always avoided due to the high pressure they are under.
At the end of the day, your payroll department IS only human. You need to do your part to help them perform their tax deducted efficiently. The larger the company that you work for, the more that liasing with your payroll department becomes a necessity. Next time you look at the amount of pay that you have received and start to complain about it being less than it should be, think long and hard about whether it is the payroll department's fault or yours. Chances are, it is the latter!
This article was written by May Bowden of tax deducted. With her previous knowledge in payroll, she can help give you information relating to any of your payroll needs. Be sure to contact her if you have any questions.
eco-friendly cleaning service Buffalo Grove ..The reason we Franchisors call it an exclusive territory is... Read More
So you want to start a business but you don't... Read More
Most small business owners seek advisors who can help them... Read More
If you are looking for a way to own your... Read More
One of the hidden perks of raising six children is... Read More
Do you spend every waking minute in your business? Do... Read More
Do you like animals? Would you like to work for... Read More
Many mobile car wash operators would like to add de-ionized... Read More
You make the decision to go into business and for... Read More
The efficiency of debt collection is the difference between a... Read More
In my previous article, Step 1, your challenge for the... Read More
Auto detailers are often asked to clean boats and detail... Read More
Due to the over regulation in the Franchising Industry and... Read More
If you run a mobile car wash, mobile fleet washing... Read More
Many small companies work very hard to get new accounts.... Read More
Announcements can be handed out as a business cardAnnouncements can... Read More
Financial Consultants are one of the fastest growing industries today.... Read More
Franchising has made the world look really small. The well... Read More
You need to be visible to attract customers, right? But... Read More
Aircraft Interiors of personal and corporate jets have hundreds of... Read More
When pressure washing heavy equipment each piece of equipment has... Read More
If your home business is not performing the way you... Read More
Many mobile pressure-washing companies turn to government contacts to make... Read More
When you go into business for yourself, there are many... Read More
Concrete cleaning can be a lucrative business to start. Here... Read More
express cleaning service Arlington Heights ..In my previous article, Step 1, your challenge for the... Read More
No matter type of business you operate you've got to... Read More
Before you want to build your business, you need to... Read More
Is it right for you?If you decide to advertise your... Read More
Time. As a small business owner, it's the commodity you... Read More
There are many potential niches for pressure washing companies that... Read More
More sales and more profit. Isn't that what you want... Read More
The Service-Disabled Veteran-Owned Small Businesses (SDVOSB) is a program that... Read More
Some of the very qualities that attract people to the... Read More
On June 8, 2004, the world witnessed what no one... Read More
What unspoken message are you sending your clients and customers?... Read More
"So what?" is a lovely question.It can lead to a... Read More
One of the great challenges for independent professionals and small... Read More
Unfortunately for all buyers, each selling organization and their individual... Read More
There is a rather famous true story called "Acres of... Read More
When it comes to cost, how much can you afford... Read More
The FTC- Mighty Federal Trade Commission has unilaterally decided to... Read More
Do you like animals? Would you like to work for... Read More
If you are a non-operator owner of many work trucks,... Read More
If you are in a franchise and have a territory... Read More
Entrepreneurs are hardy stock. But sometimes hardiness can get you... Read More
Everyone wants to succeed in life. Most people want to... Read More
Here are a few tips on how to hand out... Read More
Announcements can be handed out as a business cardAnnouncements can... Read More
Never underestimate the power of perception! Perception plays a major... Read More
Small Business |