Demystifying payroll for SMEs

Payroll needs to be managed accurately and for many it can be a challenge, especially if they don’t have financial management training, qualifications, or experience.

This practical resource helps to demystify the terminology and processes behind payroll management. It also includes key research findings on top challenges faced by SMEs.

Who is the guide for

If you are new to payroll or manage payroll alongside your day job, this is the guide for you. It’s packed with practical information, glossaries and recent trends.

In this guide you will learn about

• UK PAYE and payroll management processes and compliance aspects
• SME payroll management trends, including insight on how others are managing payroll
• Top security considerations and how to address them

Key findings include

• 1 in 10 SMEs are still using manual spreadsheets to manage the payroll process
• 65% of people we surveyed said they held a qualification
• 37% of respondents spend around 12-17 hours a week managing payroll