Payroll Pitfalls: Avoiding Errors that could cost you
Episode Overview:
Payroll errors can be costly—not just for your bottom line, but also for employee morale and your business's reputation. In this episode of The Fat Kitty Fund, we’re unpacking the most common payroll mistakes that small business owners make and sharing actionable tips to help you avoid them.
From understanding compliance requirements to streamlining payroll processes, this episode equips you with the tools and knowledge to ensure your payroll runs smoothly, accurately, and stress-free.
What You’ll Learn in This Episode:
- The most common payroll mistakes and how they happen.
- Key compliance rules every business owner needs to know.
- Practical tips for managing payroll systems and staying organised.
- How to handle payroll disputes or errors professionally.
- Tools and software recommendations to simplify payroll processing.
Why This Episode is a Must-Listen:
Payroll isn’t just about paying employees—it’s about building trust and ensuring your business operates within the law. By addressing these pitfalls, you can save time, money, and headaches while creating a positive experience for your team.
Links & Resources Mentioned:
- Explore payroll software options like Xero Payroll, MYOB, or QuickBooks.
- Access the Fair Work Ombudsman’s resources: https://smallbusiness.fairwork.gov.au/small-business-checklist
- Bussiness.gov.au Hiring Employee Checklist
- The P.A.C.T FairWorks Pay Calculator
- Find my award - Award Finder
Let’s Connect!
- Have payroll questions? Reach out @theluxeadvisory or book in your free 15 min discovery call
- If you found this episode helpful, please subscribe, leave a review, and share it with other small business owners!
Your Financial Sidekick,
Jess
