Mastering Payroll Processing in the United Kingdom: A Comprehensive Guide for Business Owners and HR Professionals
Wed, Jan 22
|Virtual On-line Event
Gain essential insights into managing UK payroll, including tax regulations, statutory deductions, and compliance requirements, from Golden Staffing & Consulting Firm.
Time & Location
Jan 22, 2025, 6:00 PM – 7:30 PM EST
Virtual On-line Event
About the event
Join Golden Staffing & Consulting Firm for an in-depth exploration of payroll processing in the United Kingdom, tailored to equip business owners, HR professionals, and payroll managers with essential knowledge and skills for accurate and compliant payroll operations. This comprehensive guide covers critical aspects of UK payroll, from calculating gross-to-net salaries to meeting statutory obligations, including National Insurance Contributions (NICs), PAYE tax, and workplace pension contributions.
What You’ll Learn:
Overview of Payroll Regulations in the UK:Â Gain a solid understanding of statutory obligations, including PAYE, NICs, and auto-enrollment pension requirements, to ensure compliance with HMRC.
Managing Allowances and Exemptions:Â Explore UK tax codes, personal allowances, and tax reliefs for dependents, pensions, and other exemptions to maximize tax efficiency.
Building an Automated Payroll System:Â Discover key elements of a compliant payroll system, with step-by-step guidance on automating calculations for gross and net salaries, ensuring accuracy in deductions.
Practical Exercises: Apply your knowledge with real-life UK scenarios…