Good payroll software does more than just calculate wages and print payslips. It enables you to submit important payroll data to HMRC and meet your pension obligations. It also makes it easier to monitor employment costs and keep track of individual employees.
Earners pay national insurance contributions (NICs) on their earnings. Employers pay employer contributions for each employee and collect and forward their employees’ contributions.
Paying NICs ensures the earner’s entitlement to various benefits, including the state pension. Employers should understand their national insurance obligations and the opportunities to reduce the cost.
ACCA guide to... key dates for the tax year 2016/17
This briefing is a month-by-month schedule of important deadlines in the tax year 6 April 2016 to 5 April 2017. It will help you to prepare and send off the main forms in good time – to HMRC and Companies House.