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The Basics of Payroll for UK Business Owners

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Annette Ferguson - Accountant + Profit Specialist

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  Directors Salar...  
How to register as an employer with HMRC: https://www.gov.uk/registeremployer


If you’re struggling to understand the accounting for your business, I’d love to help! Reach out to me at [email protected] and let me know how I can help!

If you want me & my team's expert accounting and tax help, you can book a fitting call through our website → https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting

★☆★ OUR MISSION ★☆★
Our missing at Annette & Co is to support you to take more money home from your business for you and your family to enjoy.

If you want me & my team's expert accounting and tax help, you can book a fitting call through our website → https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting


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Note this description may contain affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in no way obligated to use these links. Thank you for your support!

* GENERAL DISCLAIMER
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 https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting'>https://annetteandco.co.uk/fitting

#payrollbasics #payroll #payrollsystem

posted by urstargirl0070t