Preparing Payroll for the Holiday Season: Tips for a Stress-Free Transition

The festive season is fast approaching, and with it comes changes to regular business operations—including payroll processing. To help you stay ahead and keep your team happy, here are some critical payroll considerations:

Key Questions to Ask About Your Payroll:

• Timing: Will payroll dates fall during your business closure or holiday shutdown?
• Adjustments: Are you planning bonuses, pay rate increases, or handling changes like unpaid leave?
• Notifications: Have you informed your payroll administrator or your bookkeeper at Aegis Business Services about any changes?

Handling Public Holiday Payments

If your staff payday falls on a national public holiday, banks won’t process payments, which may delay wages. It’s essential to notify your team in advance and ensure they aren’t left inconvenienced.

Depending on award requirements, you might need to process payments:

• Before the holiday to avoid disruption.
• Immediately after the holiday if advance payments aren’t possible.

To spread some holiday cheer, consider processing payments early, such as on Monday, December 23, if your usual payday lands on Christmas or Boxing Day. This gesture can go a long way toward ensuring your team enjoys their holidays stress-free.

Need help navigating these adjustments? Our bookkeeping team is here to assist—just reach out to your usual contact at Aegis Business Services