This brief article will give you a better understanding of payroll. This guide on payroll will help you to understand what you need to learn and what’s relevant for your small business. Full article with thanks to: unbiased.co.uk/life/small-business/handling-your-payroll If you employ any staff, or plan to do so, you’ll need a payroll. Many accounting firms can provide this vital function for you, but it’s still important to have a good grasp of how payroll works. Whether you run your payroll internally or outsource it, here’s a simple breakdown of the key things you need to know. This article covers: What is payroll? How do you set up payroll? How much should you pay your employees? Pensions & benefits and other payroll deductions Tax reporting (PAYE) via payroll How to run your payroll You can also talk to your accountant about your best options for payroll. What is payroll? Technically, your payroll is …
