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In this episode, Stuart and Mena explore the limitations of popular payroll solutions like Xero, QuickBooks, and MYOB, and why they might not be the right fit for every business. While these platforms work well for small to medium-sized enterprises, they come with restrictions that can create payroll compliance risks and inefficiencies—especially for larger organizations with more complex needs.

The discussion highlights key drawbacks, including limited scalability, missing advanced features, restricted pay templates, and weak integration with HR systems. Business owners relying on these off-the-shelf payroll solutions may find themselves manually handling tax and superannuation complexities, which can lead to costly errors.

Stuart and Mena also introduce an alternative comprehensive payroll platform like Employment Hero, which offers award interpretation, advanced rostering, time and attendance tracking, and cost centre management. If you’re looking for a payroll solution that grows with your business and minimises compliance risks, this episode is a must-listen. Tune in to learn how choosing the right payroll system can improve efficiency, ensure compliance, and support your business as it scales.

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.