Knowledge Centre Category: Payroll Processing

Payroll

Payroll is the process of calculating and paying directors' remunertion and employees' wages and salaries, deducting income tax and National Insurance through the PAYE system, and reporting these to HMRC. Green Accountancy provides a fully managed payroll processing service for companies, charities and other organisations.

National Insurance Contributions (NICs)

National Insurance contributions are payments made by employees, employers and the self-employed that fund state benefits including the State Pension.