A computerised payroll will almost certainly be more convenient and less time consuming to operate than carrying out manual calculations, particularly if you're going to employ a number of people.
What will commercial payroll software do?
You'll have to record the employee's details initially. However, once you have done this, the software will:
calculate Income Tax, National Insurance contributions (NICs) and student loan deductions every payday
calculate the NICs you have to pay as an employer
produce pay statements for your employees
keep records of payments and deductions
The software will also produce the figures you'll need at the end of the tax year, and help you deal with other payroll related events, for example if an employee leaves.
Your software provider will send updates as and when necessary - for example, if a tax rate changes following the Budget. Make sure you install these updates so that all calculations are carried out correctly.
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