The four key steps for getting ready were listed as understanding the data, assessing the quality and accessibility of that data, considering data items for matching criteria and implementing plans to improve and then maintain data quality.
This very detailed workshop ran through some hot topics in the directors’ tax and NI space, including, but not limited to: l off payroll workers l non-executive directors fees and expenses l NI – common errors l nominee directors l non-resident directors l homeworking (including overseas) l The Chartered Institute of Taxation’s Employment Taxes Voice , issue 8 2023. This was an invaluable session in the ‘skilled professional’ stream, and provided some insight into areas payroll professionals regularly encounter.
Laurie’s workshop addressed the many challenges faced by employers looking to recruit, as well as issues concerning retaining current staff. It’s accepted that resources are stretched thin in many organisations, so how employers can maximise the impact of the benefits they already offer was discussed. Laurie stressed the importance of ensuring businesses are offering the things which really matter to employees, exploring: l getting the basics right l taking benefits to the next level l the wider employee value proposition.
W16 – QUALITY OVER QUANTITY: HOW TO USE MICROLEARNING Polly Sinclair MSc FCIPPdip MSET, programme tutor, West Suffolk College Polly explained how payroll professionals can ensure they’re constantly developing their knowledge and skills without the need for lengthy training days, by using microlearning – a quality over quantity technique. She discussed the benefits of this approach and how it can be successfully embedded into an organisation’s learning and development strategy.
W11 – ANTI-MONEY LAUNDERING (AML) – WHAT YOU NEED TO KNOW Samantha Grant, head of business development, Institute of Accountants and Bookkeepers (IAB)
W15 – CYBERSECURITY PANEL Jim Steven, Experian Brian Sparling ChFCIPPdip, payroll services and compliance principal (EMEA), Ceridian Europe Ltd Will Jackson ACIPP, chief executive officer, C2 Risk Danny Rice, manager UK payroll product management, Workday James Proctor ACIPP, chief operating officer, Phase 3 Companies nowadays are facing the very real threat that they log on to find their data is being held to ransom. This session was hosted by Vickie Graham and saw a panel of experts discuss the impacts of ransom attacks, how to mitigate against them and what to do when (not if) it happens to you. Payroll data is some of the most valuable data out there and the reputational damage of an attack on your business can be huge. It can be scary stuff, but this knowledge is essential to know what can be done in a crisis. Everyone thinks they’ll be OK, until they’re not.
Nikki Coles,deputy head, AML compliance and professional standards, (IAB)
W13 – MANAGING GLOBAL MOBILITY
Samantha Grant and Nikki Coles from IAB dove into the muddy waters of AML and how it relates to payroll professionals. With payroll data being a critical and often expensive part of a company’s finances, it’s ripe for fraud and tax evasion risk. This session explored some of the main risks involved in payroll departments, as well as how to mitigate against them. Importantly, the discussion in this session centred around who needs to have AML supervision. With the punishments for not bothering being severe, it’s important you understand your duties and comply where needed.
Moniza Syeda, global mobility content manager, Tolley’s (LexisNexis UK)
Moniza delivered a session all about global mobility, in recognition of modern working practices currently growing in popularity. She discussed: l the key risks of having a globally mobile workforce
l how to successfully manage those risks l steps to take when things go wrong l embracing changes and celebrating success.
W17 – THE AGILE PAYROLL TEAM John Cronin, chief executive officer, Subio Sarah Slack, chief revenue officer, Subio John and Sarah discussed the ways to begin the journey to becoming an agile payroll team, covering why it’s important / urgent, what the outcomes should be and what actions need to be taken. They explained why outcomes need to be ‘SMART’, so: l specific
l measurable l achievable l relevant l timebound.
W14 – USING BENEFITS TO SUPPORT EMPLOYEE RECRUITMENT AND RETENTION
W12 – DIRECTORS’ TAX AND NI – HOT TOPICS Paul Tucker, senior employment taxes specialist, UNW LLP
Laurie Eggleston, associate director, Grant Thornton
THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS
ANNUAL CONFERENCE AND EXHIBITION 2023
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