If you are a one-person firm, like the majority of Britain's private sector businesses, chance is you never had to worry about payroll - but if you have decided to take on staff, here is a quick guide on how to pay them
Some people prefer to outsource this side of their business - so they will not have to worry about the tax calculations and paperwork that comes with handling their own payroll. If you decide to follow the outsourcing route, an accountant, bookkeeper or payroll company would be your first port of call. Keepers offers a payroll service at a competitive rate, so do not hesitate to contact us should you wish to leave to someone else the management of your payroll - it will allow you to focus more of your energy on growing and improving your business rather than on administrative tasks.
The employee's pay must be entered in the payroll package.The same must be done with any holiday pay, maternity pay, bonuses, commission etc, but certain extras are classed as employee benefits. You can read more about these here.
If you have any questions about this issue, do not hesitate to seek professional help, or if you are with Keepers, talk to us now. On top of offering some of the best accountancy services in Sussex, we also give free business advice and free tips for small businesses. Book your Free Telephone Conversation with us now. Keepers, the proactive Sussex accountant.