Global Payroll Software comes with current years tax parameters preset, ready for employers to setup payroll details and start processing the payroll. Preset tax parameter includes:

PAYE-The Pay As You Earn (PAYE) is a method of paying income tax. Your taxpayer’s employer deducts tax from your salary, wages or occupational pension before paying you your salary. Salary includes sick pay, maternity pay, etc. This means that you pay tax for the whole year, each time you are paid. Your employer is responsible for sending the tax on to HM Revenue and Customs (HMRC).

NIC-National insurance Contribution is a scheme where people in work make payments towards benefits. The payments are called national insurance contributions and certain benefits are only payable if you meet the national insurance contribution conditions. The national insurance scheme is administered by the HM Revenue and Customs (HMRC).

Statutory Payments-The part of statutory payments (Statutory Sick Pay, Statutory Maternity Pay, Statutory Paternity Pay and Statutory Adoption Pay) is one of growing complexity and importance. It contains rules governing each statutory payment and the practical application of those rules. More >>

Student Loan-Student loans are available to students who require for there study of courses. Unlike grants, you have to repay any loans. However you will not have to start paying them back until you have finished or left your course and you begin earning. Interest on the amount that you owe will be linked to inflation.

A pension provides income to live at retirement. Pensions are a form of saving for retirement with some tax advantages. When you retires at certain age a pension scheme pay you a regular income for life. There are currently 3 types of pension ,State Pension ,Personal Pension,Company More >>

Childcare vouchers are a means of paying for childcare – they are one of the ways in which employers can assist employees with childcare costs. Childcare vouchers are a government initiative to help working parents pay for childcare such as nurseries and play schemes. Parents and their employers will benefit from running a childcare voucher More >>

Legal responsibilities when recruiting new employees
Employees are the greatest asset of any organization and paying them is a basic requirement. The aim of every business is fulfilled by employing the staff in the company. Thus it has become the business planning tool to take on the staff in the new business or the existing business. We will provide you the information within the law when you require for your employees. Some of the guidance includes:

It will help you to create a written statement of employment or particular employment details. At the end, you can view employee’s statement as well as you can take the print copy and give it to your employee. A written contract of employment or letter of engagement containing the rules for the employment should be provided to the employees. It is necessary to make the verbal or written commitments with employee and it should be provide to employees later than 2 month after the beginning of the employment.