Payroll Management Level 2 Diploma
Do you already work in a busy payroll department? Are you looking to launch a career in payroll? Or are you a small business owner who needs to learn about the rules and regulations surrounding the efficient payment of your employees? Whatever your situation, this comprehensive, easy-to-manage Payroll Management Diploma will guide you through all you need to know regarding the crucial task of making sure employees are paid correctly and on time.
Twenty-Three Detailed Modules
When it comes to mastering payroll, no stone should be left unturned, which is why the Payroll Management Diploma is spilt into twenty-three information packed but easy-to-manage modules that you can study and complete at your own pace, around your other commitments. All you need is access to the internet to study on any device. What’s more, you can go back to the modules and refresh your knowledge whenever you like.
Be a Confident Payroll Pro
Professionalism and efficiency are key qualities for a successful payroll career, and with the Payroll Diploma you can be confident that your knowledge and skillset are bang up-to-date. With two chances to complete the end-of-course multiple choice test, you can study in confidence that you will gain your career-boosting certificate.
Key Learning Points
Get the edge on the competition and gain confidence in all aspects of payroll by studying this comprehensive course.
- Find out what payroll systems are and why every company needs one.
- Learn the basics including how to deal with errors and the importance of effective communication.
- Gain knowledge of the different payroll systems used.
- Become efficient and confident with record-keeping.
- Find out about staff training and reviews.
- Learn to deal efficiently with P45s, new starters and leavers.
- Gain expertise in dealing with time-keeping.
- Become confident in the crucial task of paying employees the correct amount.
- Learn about dealing with HMRC and what information they will need from you about your employees.
- Learn about the difference between gross and net pay and how to calculate them correctly.
- Understand the requirement for payslips for all employees.
- Find out all you need to know about statutory pay, record keeping and reporting to HMRC.
- Learn about the rules surrounding age and the minimum wage.
- Gain expertise in national insurance, including why it is paid, different rates and employer contributions.
- Gain the ability to manage the online PAYE system and learn about the different programmes available for payroll.
- Find out what the employment allowance is and its implications for payroll.
- Get handy troubleshooting tips for payroll errors.
- Find out about annual reporting and why it is so important.
- Gain knowledge about retirement schemes.
Advantages of the Course
- Study comprehensive yet easy-to-manage modules at a time and pace that works for you.
- Enjoy online support and the freedom to work on any of your internet-enabled devices.
- Study safe in the knowledge that you have two chances to gain your industry-approved verifiable certificate.
- Prove your commitment to your payroll career and gain an advantage on the competition by unlocking the comprehensive knowledge and expertise the diploma gives you.
Take the first step to making your career in payroll pay off, by signing up to the Payroll Management Diploma today.
Salary range chart
This course is CPD certified.
- What exactly a payroll system is
- Why you need an effective payroll system in place at all
- How a large business and small business work differently in terms of their payroll systems
- What you need to know in terms of HMRC (the taxman)
- The basics of how to set up a payroll system
- Safety measures in case of unforeseen circumstances
- Communication issues and what happens if you don't communicate important information
- Paperwork you will need to generate
- Reiteration on why you need an effective payroll system in place
- The fundamental points of what a payroll system needs to include
- Why payroll and HMRC requirements go hand in hand
- Why a high quality payroll system keeps employees happy overall
- Why it is important to familiarise yourself with the ins and outs of your payroll system
- Training staff on how to run your payroll system
- Why it is important to regularly review your system and maintain it
- Communication is literally everything when it comes to the best payroll system you can implement
- What to do when an employee starts employment within the company, including the procedure you will need to follow
- What to do when an employee leaves employment within the company, including the procedure you will need to follow
- What is a P45? And why do you need the information within it?
- Communication issues relating to employment changes and why this is a vital part of the payroll system for your business
- What you need to do when a new employee joins the company, including the paperwork and information you need in order to set them up on your payroll system
- Why HMRC need to know such information relating to employment changes, to reinforce your understanding
- What to do in relation to student loan deductions from an employee's salary and how to report deductions with HMRC
- How you can ensure your new employee gets paid correctly and on time, and why this is so vitally important
- Exactly what gross pay is
- Exactly what net pay is
- How to calculate these types of pay, bearing in mind that software often does the hard work for you
- The importance of payroll software in calculating net and gross pay, as well as why your software should produce a clear wage slip for your employees to understand
- Exactly what net pay is, and why it differs from gross pay
- What a voluntary deduction is, and give examples
- What a statutory deduction is
- How voluntary and statutory deductions affect an employee's pay at the end of the week or month
- What exactly is statutory pay?
- When can an employee claim statutory pay, and how long can they claim it for?
- How does an employee qualify for statutory pay, and what are the exceptions?
- Record keeping in relation to statutory pay, what do you need to do?
- What exactly the National Minimum Wage is in the UK
- How the National Minimum Wage affects apprentices
- Who isn't entitled to the National Minimum Wage
- What happens if you don't pay an employee the National Minimum Wage
- What is the National Insurance Contributions system (NIC)? And what actually is National Insurance?
- Why do we pay National Insurance? What do contributions entitle us to as workers, both now and in the future?
- Different types and rates of National Insurance, and what they mean for your employee. A general overview of the system types, and who they apply to.
- Employer's National Insurance contributions, rates and explanation.
- Exactly what the National Insurance system is, and what it is for
- The potential reasons why an employee may pay less National Insurance contributions through their wage statutory deductions
- How to you report to HMRC that an employee is paying less National Insurance
- Recordkeeping in relation to National Insurance contributions
- What is the PAYE system in the UK?
- Why is the PAYE system beneficial for both employers and employees?
- What are tax codes, and why are they important?
- How do you send PAYE information to HMRC?
- Exactly what the PAYE system is in the UK
- An employer's responsibilities in terms of PAYE and reporting to HMRC
- How to report PAYE information to HMRC, reiterating previous knowledge
- What to do if you employ someone else to run your payroll duties and your responsibilities in accordance with this
- What exactly is the Employment Allowance?
- How does the Employment Allowance benefit a business?
- Reiteration on Class 1 National Insurance contributions (NICs) for both employees and employers
- When can you claim Employment Allowance?
- What exactly is an employment termination payment?
- Under what circumstances would an employment termination payment be made?
- Payments in relation to redundancy - what are they? How are they taxed? How are they reported?
- Why is the subject of employment termination payments such a grey area?
- What is retirement? A quick definition of the term
- Different types of pension schemes, and what they mean for the employee
- Workplace pensions, the ins and outs explained
- State Pension, the ins and outs explained
- What is RTI (Real Time Information)?
- How does RTI and PAYE go hand in hand?
- How do you report payroll information in RTI? Who undertakes this task?
- What to do if you outsource your payroll duties
- What does payroll software actually do? Why does a business need it?
- Why your software needs to be HMRC tested and recommended
- Software options for small businesses, with 10 employees or less
- Software options for larger businesses, with more than 10 employees
- How can an error to payroll occur?
- What are the consequences of not correcting errors to your payroll submission to HMRC?
- What to do if you pay your employee too little, or too much
- What to do if you report the wrong pay or deductions to HMRC/you pay HMRC incorrectly
- Why do employers need to keep employee records, and what information needs to be kept? How long does this information need to be kept for?
- Data Protection - why an employer needs to comply, and what this consists of
- Payroll records from a HMRC point of view, what you need to do, and what records you need to keep
- Tax Compliance Checks - What is this? Exploring the ins and outs
- What the end of the tax year means for employers. What to do as 6 April approaches, the beginning of the new tax year.
- Sending your final payroll report for that tax year
- Why you must update payroll records for every employee
- Why you must update your payroll software
- A reminder of the general tasks associated with a payroll system
- A reminder of why businesses must comply with HMRC guidelines
- Legal obligations in terms of the National Minimum Wage
- Legal obligations in terms of PAYE (Pay As You Earn) and RTI (Real Time Information)
|1 gigahertz (GHz)|
|Internet Explorer 8 or above