PAYE and Payroll
Payroll Level 2 (IAB Level 2) - New Course
Course Content
Module 1: Introduction to self-study requirements and the IAB qualification specification
Module 2: Manual payroll, introduction to PAYE, the functions of payroll, record keeping, data protection and confidentiality, the need for Security
Module 3: Methods of calculating pay, scenario used during the course, calculating gross pay to include basic pay, overtime and bonus payments
Module 4: Role of HMRC, what is PAYE, tax allowances, tax codes, using the HMRC Employer’s CD Rom to look up tables, deduction workings sheets (P11), completing the income tax part of the P11
Module 5: National Insurance contributions, completing the National Insurance part of the P11
Module 6: Payment of wages, methods of payment, calculating the cost of wages
Module 7: Statutory Sick Pay, Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay, Recovery of Statutory Additions to Pay, Small Employer’s Relief
Module 8: Procedures to follow for starters and leavers, purpose of Form P45
Module 9: Pension contributions, other types of voluntary contributions including student loan repayments, processing voluntary contributions
Module 10: Setting up an employer on the HMRC CD-Rom, entering employee details, using the P11 calculator, entering Employee pay details, printing the P11s
Module 11: Further use of the HMRC CD Rom, consolidation exercises to aid revision
Manual PAYE :
Course Content
Lesson 1: Principles of the PAYE system, terminology used to calculate gross pay, different methods of payment made to an employee, using Inland Revenue tables to calculate total free pay and total taxable pay for a basic rate tax payer, the use of tax codes when calculating net pay, completing the PAYE entries on a deductions working sheet (Form P11) for weekly paid employees.
Lesson 2: Completing the PAYE entries on P11s for monthly and weekly employees, amending the tax code details for an employee following receipt of a P6, using the information on a P45 or P46 for a new employee, completing a P45 for a leaver, using Inland Revenue tables for a higher tax payer.
Lesson 3: Calculating holiday pay for weekly paid employees, correcting errors on a P11, completing National Insurance entries on a P11 for weekly and monthly paid employees, calculating additional employer’s national insurance contributions on earnings in excess of the upper earnings limit, calculating statutory sickness pay, calculating statutory maternity pay.
Lesson 4: Summarising the details on a Form P11, end of month procedures and how to make payments to the Collector of Taxes, end of year duties and how to use Forms P14/P60 and P35.
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Sage Payroll :
Course Content
Lesson 1: Restoring data files, changing the processing date, displaying employee information, setting up company and bank details, setting up pension scheme details, setting up payment and deduction types, using Web Links. backing up data files
Lesson 2: Setting up a new employee record using a wizard, setting up a record for a new employee repaying a student loan, amending an employee record, adding a photo to an employee record, entering a new car record, maintaining car records, setting up pension Information
Lesson 3: Updating payroll data which has already been entered, changing the process date, entering payments, including holiday payments and deductions
Lesson 4: Printing out analysis reports, printing out payslips, processing Week 4 payments, processing the Month 1 Payroll, adding annual bonus payments, printing out reports and BACS information, printing out monthly information for payment to the Inland Revenue
Lesson 5: Entering car mileage claims, assigning new employees to a company holiday scheme, applying global changes, commonly used abbreviations in relation to Statutory Sick Pay, commonly used abbreviations in relation to Statutory Maternity Pay, setting up SSP details, setting up SMP details, setting up Tax Credit details, running Week 5 Payroll
Lesson 6: Printing summaries and update Week 5 payroll, entering a new starter with a P46, processing a leaver, entering SMP information, entering details of an Attachment of Earnings, running the payroll for Weeks 6, 7 and 8
Lesson 7: Adding a new employee with previous employment details, processing Payroll for Month 2, checking PAYE, Tax and NI figures
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