As National Payroll Week kicks off, Macalvins, a leading London-based accountancy firm, is shining a spotlight on the payroll superheroes across the nation who keep businesses running smoothly with their expertise in planning and efficiency.
Macalvins, which offers a comprehensive suite of accountancy, business advisory, tax, and payroll services, recognises the pivotal role an efficient payroll team plays in driving business operations and fostering growth.
A capable payroll team does more than just ensure employees are paid accurately and on time; they are the powerhouse behind effective budgeting for future investments and expansion. In today’s climate of rising staffing costs, having a payroll team that’s on top of every detail allows business owners to have a clear view of their regular outgoings, which, as we emphasise, is critical for long-term profit allocation.
Moreover, a proficient payroll team serves as a robust defence against legal complications and financial penalties, particularly when new legislation, such as the 2024 changes to holiday pay calculations for part-year and irregular hours workers, comes into play.
Tariq Husain, CEO at Macalvins, remarked: “Payroll is one of those critical business functions that no company can thrive without, yet it often doesn’t receive the recognition it deserves. Our most successful clients, however, truly understand and appreciate the value their payroll team brings.”
“They empower their payroll superheroes with the time, resources, and professional development needed to excel. That said, not every business can afford to manage payroll in-house – but ensuring it’s done right is non-negotiable. That’s where our own superheroes step in to save the day!”
“Whether outsourced or managed internally, payroll is the cornerstone of staff satisfaction, continuous budget planning, and seamless internal operations that drive overall business efficiency and client satisfaction.”
“This National Payroll Week, we’re proud to join the payroll revolution, celebrating the skills and dedication that elevate a good business to greatness.”