Banking

Do I Need Payroll Outsourcing

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Executive Summary

Often businesses find it difficult to complete their payroll in-house for a variety of reasons and as a result they will push payroll to the bottom of the 'To do list'. This is a very unwise thing to do as not only is it a legal obligation of all business owners who employ others, it is also essential to ensure that sickness and pension payments are calculated and paid as necessary. If a business owner registers their business as having employees PAYE tax must be calculated and those deductions must be sent to the Inland Revenue on the due payment dates.

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