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  Ways of achieving the best practice payroll Payroll is a very integral part of a company. Especially in a global pandemic, It’s important for businesses to look after their employees. This will only add to the duties of HR and finance functions. That’s why OrangeIQ follows five steps to  Ways of achieving the best practice payroll Analyse your current payroll process and recent performance.   You have to see how your payroll performed before and you should ask yourself that did you get the expertise and flexibility you wanted in your company. If you outsource to a payroll provider, they should be able to offer the right guidance and accommodate your new needs. This way you will be able to evaluate your process from a workable point of view. If you find problems in your payroll process, you should consider outsourcing with  OrangeIQ . We focus on just your needs and fixing your gaps in your process. Review your policies and procedures. Companies tend to forget their policies and proce

  Can we invest in Cryptocurrency in an SMSF? Wondering if a self-managed superannuation fund Can we invest in Cryptocurrency in SMSF or not? The answer is “yes!” SMSF can invest in digital currencies in the same way they can in other assets such as property or shares, etc. The same rules apply to cryptocurrency as for other SMSF assets but with a few extra things to consider. What is Cryptocurrency? A cryptocurrency is a digital resource designed to work as a medium of exchange. In this individual coin, ownership records are stored in a digital ledger in the form of a computerized database using cryptography. This is done to protect transaction records, control the creation of additional coins, and verify the transfer of ownership. Cryptocurrency does not exist in any physical form like paper money.   What to consider when investing in Cryptocurrency in SMSF? When investing in cryptocurrencies, one must choose an exchange that accepts SMSF investments. They are considered high risks