Payroll audits are required quarterly or annually by Workers’ Compensation and Liability Insurance Companies, as well as by New York State for Paid Family Leave and Disability. These audits ensure that business owners are paying their employees correctly, on time, and complying with employment laws and payroll regulations. However, preparing for these audits can be time-consuming, requiring extensive documentation and meeting with the auditor in person or virtually. Additionally, maneuvering through various websites to upload documents and answer questions can further add to the complexity of the process.
Let Gleason Tax Advisory handle your audits, allowing you to focus on your core operations instead of spending valuable hours navigating the audit process. I gather and prepare all necessary documents, answer questions on their behalf, and ensure everything is submitted accurately and on time. By taking this off their plate, clients can avoid the stress of audits and focus on growing their businesses.
Although payroll audits are a way for insurance companies to monitor payroll and ensure businesses are charged appropriately, they can be a headache for business owners. If your payroll isn’t organized, these audits can take longer and lead to extra fees or payments. Inaccurate payroll records can result in overpaying for insurance premiums. Ensuring payroll compliance and accuracy before an audit helps streamline the process and prevent costly errors.