Payroll and HR best practices suggest regular audits as a proactive measure to keep the company out of hot water concerning compliance and legal issues. Small businesses benefit tremendously from payroll and HR audits – they ensure the company is on the right track every step of the way as it scales.
We know it’s important, but which small business owner has time to conduct a complete audit? As two of the top business expenses that are incurred, it’s important to ensure continuity and accuracy. Our goal at Payroll Vault is to ensure that you have the resources you need to maintain compliance at all times.
As a prospective or existing client, we review your current processes, identify areas of opportunity and efficiency, and implement strategies based on your short and long-term goals and objectives. By keeping an open line of communication, transparency, accuracy and comprehensiveness are guaranteed.
Lastly, timing is everything. Don’t wait until year-end to take an audit. It is recommended that you review during the first and beginning of last quarter of the year. Changes are more easily made at this time are and can prevent last minute surprises.