Payroll refers to the process of calculating an employee’s pay.

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Other than salaries and wages, payroll also includes any bonuses, allowances, and benefits received by an employee.

More importantly, it includes important tax deductions and responsible reporting to HMRC.

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In a nutshell, here’s a list of tasks involved in the overall payroll process:

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·       Calculating employee pay and paying them

·       Calculating deductions such as income tax and National Insurance

·       Reporting information to HMRC