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The A-Z of payroll outsourcing UK

cipHR

Any payroll outsourcing company will need to be able to factor in benefit-in-kind tax when it comes to working out payroll. E: EPS (employer payment summary) Part of the real-time information submission made by an employer to HMRC. N: National Insurance (NI) A tax on the earnings of individuals earning over £242 a week.

Payroll 52
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Skills of a Payroll Specialist

Professionals Alternative

Any errors in payroll can have significant consequences, such as incorrect tax withholding or overpayment to employees. Therefore, a payroll specialist must be able to carefully review and verify all data and calculations with efficiency. A great payroll specialist will have strong math skills. Multitasking.

Payroll 52
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Only 57% of employees always check their payslips

cipHR

Polling over 1,000 people, HR and payroll software provider CIPHR found that nearly a quarter (22%) don’t regularly check their payslips, despite their importance for keeping track of their pay. Anything that is likely to change earnings, tax codes or NI letters, for example. “If e: drichter@ciphr.com.