Whether you’re just starting out or you’ve been handling payroll for years, Joe Sharpe urges you to heed this warning: Be careful. It isn’t that Sharpe, who prefers the title “Payroll Czar” at his firm Sharp Payroll, Inc., doesn’t trust your abilities, your education, or your dedication to the job. Rather, it’s just that people handle payroll—and people make mistakes.
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“Errors happen because human beings are involved,” he says. “From keying in the wrong information to being uninformed of constantly-changing regulations to just plain forgetting to do something, people make mistakes; therefore, mistakes occur in payroll. In fact, it’s especially true in payroll because there are so many opportunities to make an error.”
With that basic truth in mind, Sharpe created a paper, 10 Biggest Payroll Mistakes and How to Avoid Them. It’s available for free on his website, www.sharppayroll.com, and you can view all 10 of the blunders there. Here we’ll discuss a few of the biggies, and you can decide for yourself how much more you’d like to learn about potential mistakes that may be adversely affecting your organization.