A guide to Payroll
Payroll is a crucial part of your operations as an employer. The government requires you to account for and collect tax and national insurance (NI) and report it online under the Real Time Information (RTI) PAYE system. There are penalties for failure, missed deadlines and inaccurate data.
The many complications include processing statutory pay, pension contributions and personal details such as loans and student loans. But few employees will tolerate being paid late or incorrectly.
Click here to download a briefing that explains:
- the functions and reporting that every payroll has to perform
- how to manage your payroll
- the pitfalls
- how to use payroll information to improve your business.