The employer is responsible for collecting and paying taxes on behalf of the employee. These deductions concern: PAYE, NI contributions, private pension and donations. These duties were previously done using pen and paper. A very tedious and daunting task for any sizable business. Thanks to modern technology, this can be done more efficiently and accurately with the use of various payroll softwares. These softwares, in addition to the accounting process can also archive employee information such as: name, number, email, home address and more. There are various software programs that are expendable to any business in the matter of minutes. The employer should choose the software that best reflects his needs, size of the company, the number of employees, staff turnover, paid time off, leave of absence, and vacation time. Taking time to choose a system that best fits your business will help eliminate any possible issues in the future.
For more https://www.tajaccountants.co.uk/blog/best-payroll-software-for-small-business-uk
