| Running a successful small business presupposes | | | | DIY Accounting Payroll Software must design |
| the proprietor is Jack of all Trades when in reality | | | | their own payslip to give to employees to satisfy |
| the truth is they are Master of One. Payroll is one | | | | legal requirements. |
| part of business management where expertise is | | | | In the UK producing a weekly or monthly payroll |
| required. Mastering the PAYE system is an | | | | can be a burdensome task to comply with the |
| essential function with substantial adherence to | | | | HMCE requirements. Employers operating a PAYE |
| legislation and the needs and motivation of its | | | | system without the use of payroll software need |
| employees. Choosing small business payroll | | | | to be familiar with evolving requirements of HMCE |
| software can carry this burden. | | | | through their website and the extensive payroll |
| Running a payroll for larger organisations with full | | | | notes contained on the CD-Rom which is sent out |
| time accounting staff is easy. Full time | | | | annually. To fully appreciate all the technicalities |
| professionals are employed or the payroll function | | | | and complete all the correct documents such as |
| may be outsourced to a payroll bureau. For the | | | | the P11 Deductions Working sheet is time |
| small business the payroll task often falls to the | | | | consuming. It doesn't have to be a problem. |
| proprietor demanding even more time to | | | | Payroll Software can automate this knowledge |
| familiarise with current payroll legislation and a not | | | | and functions and is available at insignificant cost. |
| insignificant amount of administration time that | | | | The DIY Accounting Payroll Software package is |
| could be better spent making profits than number | | | | available for five to twenty employees at a cost |
| crunching. For small business organisations with | | | | of £15 to £25. That is a payroll software |
| five to ten employees calculating the income tax | | | | package that could save a small business over an |
| and national insurance contributions in producing | | | | hour a week, for twenty employees more like |
| the weekly payroll can easily take an hour or | | | | two hours, for less than 50p per week. All small |
| more each week. An hour that could be better | | | | business owners should at least consider suitable |
| spent earning profits or at the very least having | | | | efficient payroll software. |
| an extra hour of free time each week. Free time | | | | Many payroll software packages are written using |
| that small business owner's value at a premium | | | | databases and can put many small business |
| since the majority of small business owners either | | | | owners off using them due to both the cost and |
| work or think about work from dawn to dusk 7 | | | | the fear of the unknown complexity of using such |
| days a week. A payroll software package to | | | | a payroll package. Many payroll software |
| satisfy the PAYE requirements can be just one | | | | packages written on a database provide an |
| part of making that small business more efficient. | | | | excellent solution but have a tendency to be |
| Small businesses that fail to operate a sound | | | | extremely politically correct and cover all potential |
| payroll system can produce a negative effect on | | | | rules and regulations and consequently become |
| the employees. Employees expect to be paid and | | | | more complex to operate as they can demand at |
| provided the amount is a competitive rate would | | | | least a minimum knowledge of the payroll system. |
| only rarely have an effect on staff relations. | | | | There are other PAYE solutions. Written on excel |
| However operating a payroll system that does | | | | sheets the DIY Accounting Payroll Software |
| not provide each employee with a payslip is like | | | | irequires no payroll software experience with |
| telling your employee he has received a personal | | | | minimum of entries to produce all the essential |
| letter that was opened for him and discarded as | | | | PAYE calculations of income tax and national |
| not important. To the employee a payslip is very | | | | insurance. In addition excel copies of the time |
| important. And so important in that every | | | | consuming P11 Deductions working sheet, P60 |
| employer has a legal responsibility to provide each | | | | Employees Certificate and the P35 Annual |
| employee with a payslip and at the end of each | | | | Employers Return are all automated to save the |
| year a P60 End of Year Employees Certificate. A | | | | small business valuable administration time. A |
| payroll software solution satisfies employee's | | | | payroll software solution written on excel can also |
| essential needs and fulfills the legal requirements. | | | | be used with an open office spreadsheet package |
| Failure to provide employees with payslips can | | | | but not least all the entries are visible and |
| only reduce the respect hat employee has for his | | | | therefore transparent. Errors and mistakes can be |
| employer. Every employee must receive a payslip | | | | easily corrected simply by changing the numbers |
| that shows the amount of income tax and | | | | on the payroll ensuring the payroll is produced |
| national insurance deducted from the gross pay. | | | | both quickly and accurately. Payroll Software is an |
| Employers must also calculate the employer's | | | | effective tool that should receive serious |
| national insurance contribution. Employers not using | | | | consideration by all small business proprietors. |
| a payroll software package such as available from | | | | |