Features
- Calculating employee compensation
- Withholding and remitting taxes
- Administering employee benefits
- Complying with employment laws
- Maintaining accurate records
- Ensuring timely and accurate payments
Another essential job in managing business operations is payroll. As a UK-registered employer, Business are typically required to operate PAYE as a component of your payroll. The PAYE system is used by HM Revenue and Customs (HMRC) to collect income tax and social security from employees. You have obligations each tax month as an employer who processes PAYE as part of your payroll.
Tax months last from the sixth day of one month to the fifth day of the following. You will get knowledge of payroll compliance and administrative tasks such as processing payslips, P45, P60, National Insurance contributions, and RTI reports, among others, in this course.
Professional Careers Training and Recruitment offer Best Online Corporate Payroll Training in the UK:
The Corporate Payroll Course covers the following topics
- The annual payroll cycles.
- Checking timesheets to see how many hours employees worked.
- Calculating correct employee pay by considering hours worked, overtime rates, taxes, national insurance payments and other factors.
- Creating Salary Sacrifice Schemes.
- Setting up holiday year in the Software.
- Establishing Automatic Enrolment and Pensions.
- New starter setup and adherence to the new starter checklist.
- Processing holiday, sick, maternity, and paternity leave payments.
- Distributing forms such as P45, P60 and P11d.
- Processing PAYE deductions and sending payroll information to HM Revenue and Customs.
- Obtaining and verifying direct debit banking information from employees.
- How is a tax code calculated?
- Using adjustment tables and tax tables in tax calculations.
- Understanding personal tax allowances.
- How do you arrive at an employee’s gross pay and what is taxable and NI’able?
- Dealing with pension schemes and submission.
- Calculating and understating Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP).
- The workshop includes an introduction to all the HMRC forms, technical aspects, important dates, tax codes and year-end adjustments. It also includes a reference to HMRC website for more up to date knowledge.
- Filing / Submission Compliance RTI Documentation (Payslips FPS, EPS, P32).
Corporate Payroll Course Benefits
- Gain practical skills to apply in real-world scenarios.
- Learning Accounting Software (Sage, xero, QuickBooks & advanced excel).
- Improve your employability with a recognized certification.
- 1-2-1 training with ACCA qualified Chartered Accountants & CPD approved Trainer’s support.
- Software support & installation
- 24*7 Access to online resources, including video tutorials and case studies.
