Switching payroll services Australia is tricky. Whether expanding or need extra help, changing your service is often fraught with stress! For most business owners, they really don’t like the idea of switching from one payroll service provider to another but it doesn’t have to be as difficult as it appears to be. When you know what to expect during your changeover, you can find things run a lot smoother and are a lot less stressful. Here are just a few of the things you should expect when changing payroll services.
There Will Be Bumps in the Road
First and foremost, you must understand how difficult this process can be. It isn’t just the process of terminating one service, it’s actually very complex and if it’s not done in the proper manner, everything can go wrong. However, in most cases, things can be dealt with fairly simply. What you do have to expect is that not everything will go smoothly. It may be that the old provider doesn’t hand over the necessary documents on the date you want or that the new service changes your usual payroll processing time. No matter what happens, there will be a few bumps in the road with payroll services but that is a natural and very usual element of a switch-over.
A One-Time Set-Up Fee
A lot of businesses believe they are getting stuck with an additional charge unfairly and they often start a dispute with their new payroll team. It’s easy to get a bit stressed over additional charges. However, what you might not be aware of is that, in most cases, payroll services Australia can request a one-time set-up fee. Essentially, it’s a small fee for you to start-up their services but, in most cases, it’s just a one-off one-time fee. You should expect to see a set-up fee somewhere along the way.
Requesting all Necessary Tax and Financial Documentation
New payroll services will usually request your financial documentation such as your tax papers as they will be in charge of these things now. In most cases, you would have received these documents back from your old provider. However, if you haven’t received these back as yet, don’t panic as the new team may be able to request them on your behalf. Usually, the payroll team will handle most of the transition so it’s nothing to be too concerned about.
All Documentation to Be Returned by Your Previous Payroll Service
As said above, your new payroll service will request the documents from your old service, but if they haven’t requested them as yet, the old provider might still hand these things over to you. Nine times out of ten, payroll services Australia usually are fairly quick in terms of handing back important documentation that may be needed for the business. Its one thing you should expect and but panic if the documents aren’t handed back within a few hours, it can sometimes take a few days. If you’re worried, get the new provider to request the documents.
It’s often a stressful time to hand payroll over to someone new and when you have to terminate one service, things can get messy. However, there are many ways to make the entire process easy without putting any additional stress on your shoulders. You can also find it’s far easier when you know what to expect. Enjoy your new payroll services and hopefully they offer the best for your business.