DIY accounting software, tax
accounting, payroll software, limited company formation UK
|
|
|
|
UK Paye Administration made easy with automated Payroll Software solutioncompleting excel copies of inland revenue paye forms P11, P14, P35, P45 and P60UK paye administration is the management of income tax and national insurance contributions deducted from wages and salaries paid to employeesNo entries are required to complete the inland revenue paye income tax and national insurance deductions records. Administration of the company paye system is automated with excel copies of the inland revenue forms P11, P14, P35, P45, P60 completed to provide the complete payroll return solution. The examples shown on this page are the actual excel spreadsheets the payroll software automatically completes as an essential part of the company paye administration.All entries to these inland revenue and customs forms are fully automated by the company paye payroll system by recreating excel copies of the actual revenue forms, using the same format and colour coding. Benefits are enormous time savings and the benefit of all records being both accurate and available for inspection should they be required. Plus by having the paye P35 Annual return ready in April savings of up to £250 are available from the Inland revenue by submitting the P35 online.P11 Employer Tax & National Insurance Deductions Working Sheet UK Paye Excel Form The UK paye inland revenue P11 working deduction sheet is fully automated and updated from the payroll system, to record each employees income tax, statutory payments and national insurance contributions deducted from employee wages and salaries each week and month providing the complete paye payroll return solution. National insurance number and the employee national insurance contributions are collected from the payroll file with other items to complete the working sheet such as the employers paye inland revenue reference and income tax code..
No calculations or adding required, UK paye tax and national insurance contributions all fully completed and calculated.
P14 Employer End Of Year Summary Income Tax & National Insurance UK Paye Excel Form The UK paye inland revenue P14 summary is fully automated and updated from the paye tax and payroll system, to record each employees income tax, statutory sick pay payments and national insurance contributions each week and month, recording the deductions against the national insurance table letter which the system calculates from the employees date of birth providing a complete company paye administration payroll solution including the full back up details on the salary slips template.
P45 Inland Revenue form Details of employee leaving UK Paye Excel Form An excel copy of the inland revenue paye P45 is fully completed automatically when the employees leaving date is entered on the employees details worksheet section of the payroll file, Paye administration automated with no entries required. The details to complete the P45 collected from the payroll file and include the employer Paye reference number, employee national insurance number, employee details, income tax code at the date of leaving and the gross pay and income tax paid to date. The P45 does not include national insurance contributions as national insurance is calculated on a week to week basis and does not require to be advised to a future employer. Income tax is calculated on a cumulative basis unless the employee is on a week 1 or month 1 basis and has to be advised to the next employer to enable the employee income tax code to be advised and the cumulative income tax deducted to date. When a new employee joins as a new starter that employee should give the new employer the P45 copies to enable the new employer to maintain the company paye administration as the P45 advises the employee details, income tax code, national insurance number, gross pay to date and tax paid to date. In the DIY Accounting payroll software all these items with the employee starting date are recorded in the employee details section of the payroll file which drives the paye system.. If the new employee does not have a P45 then the employer must give the employee a P46 to record the details, the P46 then being sent by the employer to the inland revenue who will check the employee records and advise the new employer with the employee income tax code and other applicable paye details such as week 1 basis.
P60 Employee End of Year Certificate The automated paye revenue administration within the payroll software completes from the payroll system an excel copy of the P60 employee end of year certificate with details of employee deductions from wages and salary ready to print and issue to all employees at the year end, completing the employers paye 2008 responsibilities. The P60 is the employees copy of the payments under the UK paye system during the financial tax year. Effectively it is the employees own copy of the employers P14 and contains employee details, gross pay and income tax from the current employment and previous employment, the final income tax code for the tax year, and the national insurance contributions under each of the national insurance tables.
P35 PAYE Annual Employers tax return of income tax and national insurance deductionsThe inland revenue P35 paye employers return is fully completed automatically from the paye system date ready to submit to HM Revenue & Customs at the year end immediately after the final pay period of the Paye year. During the tax year the payroll file collects the records of the total income tax and employee national insurance and employer national insurance contributions on a monthly basis producing the paye 2008 totals. The information in the inland revenue paye payments form provides financial control over the monthly payments of tax paye and NI to the inland revenue. Payments of tax and national insurance being payable to the inland revenue on the 19th of each month following the month when the wages and salary deductions were made. The P35 Annual return is a summary by employee of all the income tax and national insurance liabilities for each employee. The payroll software collects this information from the payroll spreadsheets and automatically enters in the excel copy of the P35 Annual Return. The P35 Annual return in the DIY Accounting payroll package being arranged in the same colours and layout as the inland revenue form to enable easy copy to a paper copy of the Annual Return or online filing. Submitting this inland revenue paye tax form online save up to £250. Completing and submitting the P35 annual return completes the Paye administration with no entries required.
Key Benefits of the Automated UK Paye Administration
Additional notes on Paye UK administration are contained in the payroll articles section Pay As You Earn Wages And Salaries Tax Scheme Explained Payroll Software Reduces The Paye Administration "UK paye calculator for income tax paye administration producing inland revenue paye excel format P11, P14, P60 and P35, employers paye 2008 solved" | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
[ Accounting Software ] [ Sole Trader ] [ Self Employed ] [ Company Accounts ] [ Taxi Driver Accounts ] [ Payroll Software ] [ Company Formation ] [ Bookkeeping Register ] [ Questions & Answers ] [ Affiliate Program ] [ Articles ] [ About us ] Copyright © 2006 2009
DIY Accounting Limited
|
