This comprehensive course covers most of the aspects of a company’s payroll activities: employment status identification, pay, benefit and tax calculations, employment termination payment, salary sacrifice schemes and more. By the end of this course, you should be able to confidently manage and optimize a wide range of payroll functions and transactions.
Unit 1 - Introduction to Payroll
Refresh your payroll knowledge by touching upon its core principles as well as the concepts of PAYE income tax and National Insurance Contributions.
Unit 2 - Advance Calculations
Build up your payroll know-how by taking lessons on advanced calculations of NICs using table and exact percentage methods.
Unit 3 - Identifying Employment Status
Correctly identify employment status to apply appropriate treatment for PAYE tax and National Insurance contributions.
Unit 4 - Pay, Benefit and Tax (NICable)
Gain practical overview of payments and benefits subject to Tax and NIC to ensure your company meets its obligations in the aforesaid areas.
Unit 5 - Employment Termination Payment
Learn what employment termination payment is and understand appropriate tax treatment for this type of payment.
Unit 6 - General Procedures
Acquaint yourself with general procedures involving all aspects of tax and NICs for EU and foreign nationals, holiday pays, amending mistakes in PAYE and NICs deductions, etc.
Unit 7 - NIC's Procedure
Make sense of NICs rules and regulations relating to earnings periods, calculating directors’ NICs and employment status.
Unit 8 - Salary Sacrifice Schemes
Understand the concept and types of salary sacrifice schemes, the issues they create for both employers and employees, and how a scheme can be deemed successful or unsuccessful.
Unit 9 - Statutory Payments
Get to know the different types of statutory payments and the provisions that require and do not require such payments, and gain information about paid leaves.
Unit 10 - Retirement Scheme
Become familiar with different retirement schemes and their related options, and also learn about taxation of pension of benefits.
Students who complete this course will receive a certificate of achievement from Touchawards, a recognized accrediting organisation. The certificate serves as an official recognition for the students’ educational experience, and can be used to add weight to their educational qualifications.
This course consists of several modules, each of which is self-contained. This ensures that students can easily get the information they need when they need it.
Students can completely access the course using a PC/laptop. Our learning management system (LMS) is 24/7, the LMS itself is accessible online and operational everyday at any time, students have the freedom to tailor their study time around their existing schedules.
Estimated duration of completion for this course is 90 hours. Such number of hours may be cut shorter or may take longer depending on the students’ pace of learning and ability to take in information. Also, students’ may choose to study the modules over several sessions or complete the entire course in one sitting.
One year full access will be given to students who intend to take the course. The students can then define the pace at which they will complete all modules within the abovementioned period.
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Catherine Smith asked:
I am already AAT Technician qualified and would like to learn more re payroll, would this be the best course for me?
Hi Catherine, This might be too easy for you. Please see more information on the reed advert. ThanksThis was helpful. Thank you for your feedback.
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This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.