What Is Payroll?
Payroll is a term used for lists of employees in a company and details how much each employee is paid. However, these days it is used for referencing employee wages and recording how much money employees have made over a specific time frame. If you are looking to start up your own payroll in US then please see here.
fPayroll is vital in any company where people have been employed to perform a role. Payroll is required to:
– Work out how much employees should be paid
– Work out how much NIC and tax need to be deducted from the gross pay of employees
– Report the pay details of employees to HMRC
– And the most important role is to pay employees on time
If you are busy registering your business (as an employer), the UK government website offers a guide on how to get …