With a change or two being made to payroll legislation every year, it is crucial for businesses to keep up-to-date with alterations so that they can remain legally compliant.
Discover the best ways to recognise, understand and implement the changes that are being made to payroll legislation so that you are informed and well prepared when they arrive.
#1 Attend training sessions and seminars
Training sessions and seminars give you the opportunity to learn about the latest tools, techniques and legislation changes, while also being a great way to meet other professionals in the industry.
Through attending such events, you can gain further insight into updates, ask any questions you have and discuss legislation changes with those also working in payroll.
Held all over the UK throughout the year, such events are easily accessible. Search online to find the nearest one to you. You can use The Chartered Institute of Payroll Professionals and the Global Payroll Association for information on the sessions that are available.
#2 Follow relevant sites on social media
Social media can be a great resource for finding out the latest industry updates.
By following relevant profiles such as @PayrollWorld, you can receive up-to-the-minute news and views associated with payroll legislation, helping you to stay in line when alterations are made.
Creating lists of relevant Twitter profiles can then help you to focus on updates that would have otherwise become lost in a sea of other unrelated tweets. Putting these together is extremely simple; head to your Twitter profile, then to Lists along the left hand navigation, and “Create List”, where you can name the list and add specific Twitter handles to it.
#3 Sign up to email alerts
By subscribing to email alerts, you can get all essential information sent directly to your inbox.
The HMRC has an email alert system, where you can sign up to receive updates related to payroll legislation. Emails are usually sent six times throughout the year in order to keep subscribers fully updated, providing enough warning for you to make any necessary changes before deadlines.
#4 Use a RSS feed
RSS feeds can also be used to keep up with legislation changes, as you are instantly presented with information from the sites that you sign up to. This information usually consists of headlines, summaries and links to the pages where the content can be found.
#5 Speak to those managing your payroll
Discuss payroll legislation changes with your payroll manager, or if you hire a third party, your payroll provider. As a payroll professional they should be up-to-date with all the latest news and will be able explain everything in a way that you can understand.
There are plenty of ways to find out information concerning payroll legislation, making it easy for you and your business to keep up with any changes and stay on top of what needs to be implemented in order for you to remain compliant.
Rachel Campbell is a content writer for Portfolio Payroll, a recruitment agency that specialises in finding ideal candidates for payroll job roles. Working with the payroll industry on a day-to-day basis, the agency has extensive knowledge concerning payroll legislation and the changes made to it.