Calculating payslips is never fun to do for business owners. Between all the state and federal taxes you need to pay - both for your employee and your business- there’s a lot of room for mistakes. It is a critical task and any error can result to costly penalties.
But it is not only an issue of miscalculations. Underpaid tax can equate to fines, late payment penalties and interest. Using incorrect rates, sending forms to the wrong agency, or simply filling out forms incorrectly.
This is why we recommend small businesses to use online payslip generators like makepayslip.co.uk. Our free payslip calculator makes it easy to calculate payslips for both hourly and salary employees. And it’s a lot cheaper than hiring an outside payroll company or accountant.
All you need to do is enter your employee’s pay information and we automatically calculate taxes, fills out forms and sends you a pdf copy of the payslip. We crunch the numbers to give you a rundown of exactly how much to pay your employees and how much to deduct for taxes. We make sure that your calculations are accurate by always using the most up-to-date tax table.
With Makepayslip.co.uk , you can ditch the complicated calculations and spend more time working on your business.