Whether you are running payroll just for yourself as a director of your own limited company, or you have a few employees as a sole trader or limited company director, payroll can still be confusing, so in this video, I clear up the confusion.
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⏰ Timestamps:
00:00 Intro
00:47 What are the things that are needed for a business to run payroll? (...What are the submissions and reports that need to be reported to PAYE and HMRC?)
05:35 Payroll terms
08:40 Software you can use to run payroll
🔗 Links:
How to pay yourself as a director: • How to Pay Yourself - ...
How to register as an employer with HMRC: www.gov.uk/register-employer
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Our videos are for general guidance, support and education in helping you understand accounting, tax, profit first and the numbers in your business. They in no way constitute specific advice to your specific circumstances. My team & I would be delighted to help you with your specific queries, accounting or profit first requirements through a formal engagement - you can book a call to discuss annetteandco.co.uk/fitting
#payrollbasics #payroll #payrollsystem