Financial Skills: Payroll: End of Year Procedures

Course Overview

Year End always seems to be a stressful time for payroll departments, but with plenty of good planning and organisation it doesn't need to be!Our trainers use their knowledge and practical experience to take you through the course, giving you useful advise and practical hints. All statutory Year End documents are covered.This workshop is designed to help all payroll staff accomplish a successful Year End. It fully prepares you not only for the complicated form filing, but helps you design your own Year End schedule and procedures. We will ensure that delegates receive all the practical help they need.

Many employers are now filing Year End returns online and from 2005 all employers with over 250 employees were obliged to do so. No End of Year procedures course would be complete without considering the impact of this change.

Audience

All payroll staff who are directly responsible for the financial obligations of their organisation, or the maintenance of payroll and accounting records likely to be examined by HM Revenue and Customs, should attend this course. It is ideal for anyone without formal training in Payroll Year End as well as those experienced looking to refresh their knowledge on this constantly evolving subject

Skills Gained

• Access and schedule all Year End requirements with the appropriate prioritisation and within the statutory time limits
• Successfully complete all Year End requirements.

Course Outline

• Statutory Obligations
• Balancing Year End
• Payroll System Cleardown
• Creating a Year End Schedule
• Calculating and Remitting Final Payments
• Deadlines
• Penalties
• Online Filing Requirements
• Completion of Forms P14/P35/P60/P38A

Financial Skills: Payroll: End of Year Procedures / F-P-EO