Payroll Remediation

Managing payroll can be a complex task, and businesses often face common challenges. These include ensuring compliance with ever-changing payroll regulations, accurately calculating wages and entitlements, addressing underpayments, and maintaining data accuracy. Additionally, keeping up with Enterprise Agreements, payroll audits, and ongoing monitoring can be time-consuming. 

Payroll Remediation is necessary to address underpayments and ensure compliance with minimum pay rates and entitlements for employees. By conducting Award interpretation, comparing payroll data, and calculating underpayment amounts, the service identifies and resolves all incorrect payments. It provides all necessary information and data to rectify all underpayments within scope, allowing businesses to take corrective actions, maintain employee confidence, and uphold fair and compliant payroll practices.

Our Payroll Remediation service covers Award interpretation to determine accurate payment entitlements, tax compliance to ensure proper withholding and reporting, superannuation review for compliance with obligations, record keeping ensuring organised payroll records, underpayment calculations to identify and address discrepancies, and a comprehensive plan to transparently inform and advise affected employees about historical payroll issues. Trust us to handle your payroll remediation needs with expertise and precision, ensuring fair and compliant practices for your workforce. 

Award Interpretation

We utilise our extensive knowledge of Awards and our Agreement Visualisation Service to determine what your organisation’s employees were entitled to be paid. By carefully analysing the relevant Award provisions, we ensure that your employees receive the correct minimum pay rates and entitlements. This helps to rectify any discrepancies between the payment methodologies used and the actual requirements outlined in the Awards. Our meticulous Award interpretation ensures compliance and fair compensation for your workforce. 

Underpayments Calculation

We compare the data of what has been paid against the minimum pay rates and entitlements that were required for each employee. By identifying any discrepancies between the processed payments and entitlements, we calculate the underpayment dollar value for each employee. This meticulous calculation process ensures that any underpayments are accurately determined and can be rectified. Our goal is to ensure fair and compliant practices by addressing and resolving any wage underpayment issues within your organisation. 

Tax Compliance

We understand the importance of adhering to tax regulations and ensuring accurate withholding and reporting. Our team will review your data to identify any potential tax compliance issues, such as incorrect tax calculations or misclassification of employees. We will rectify these issues, ensuring that your organisation is compliant with tax laws and regulations. By addressing tax compliance concerns, we help mitigate any potential risks and ensure that your payroll operations align with the necessary tax requirements. 

Superannuation

The Payroll Remediation can also extend to superannuation compliance. We know the significance of meeting superannuation guarantee obligations for your employees. Our team will review your payroll systems and data to pinpoint any discrepancies or errors in superannuation payments. We will rectify these issues, ensuring that the correct superannuation contributions are made for each employee. By addressing superannuation compliance concerns, we help ensure that your organisation meets its legal obligations and provides employees with the appropriate superannuation entitlements. Our expertise in superannuation calculations and regulations ensures accurate and compliant superannuation payments. 

Record-keeping

Our team will assist in reviewing and organising your payroll records to ensure compliance with record-keeping requirements. We will help discern any gaps or inconsistencies in your record-keeping practices and provide guidance on how to improve them. By ensuring proper record-keeping, we help you maintain a reliable audit trail, facilitate accurate reporting, and demonstrate compliance with relevant regulations and obligations.

Communications Plan for your Employees

Our team will assist your organisation and payroll team in creating a communication plan that effectively addresses the situation, ensuring clarity and understanding among the employees. We will provide guidance on the appropriate messaging, channels, and timing to ensure that the communication plan is executed smoothly. By facilitating open and transparent communication, we aim to build trust and maintain positive relationships with your workforce throughout the remediation process. 

We can provide additional support after a Payroll Remediation, should you choose the option, as we know that this is just one step in the journey of maintaining an accurate and compliant payroll. Our team can be available to assist with any additional questions or concerns that may arise. We can provide guidance on best practices, offer advice on payroll system implementation, payroll management, and address any further issues that may arise. Our goal is to ensure that your organisation and payroll team continues to maintain a fair and compliant payroll function even after the remediation process is complete. 

Getting started with our Payroll Remediation services is simple. Reach out to our team at Payroll Experts Australia, and we will guide you through the process. We will begin by understanding your specific payroll challenges and requirements. Our experts will then conduct a thorough analysis of your payroll data and processes. Based on our findings, we will develop a tailored remediation plan to address any underpayments and compliance issues. Trust us to handle your payroll remediation needs with expertise and precision, ensuring fair and compliant practices for your workforce.