Moh Payroll Pdf
Forgot Password? Having issues? Please contact your employer for assistance. The average salary for Ministry of Health Saudi Arabia employees in Saudi Arabia is SAR 91,468 per year. Visit PayScale to research Ministry of Health Saudi Arabia salaries, bonuses, reviews. User Manual - Payroll Service.pdf - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Scribd is the world's largest social reading and publishing site. Search Search. Empower Your Employees with Online Employee Self-Service. With Employee Self-Service, your Payroll and HR departments save time on administrative tasks and employees have online secure access to the information they need, 24 hours a day. Payroll is a crucial activity in any organization. Payroll addresses the issue of salary to all employees working for the organization as per the mutually agreed schedule by the management of the organization.
A payroll is a company's list of its employees, but the term is commonly used to refer to:
- the total amount of money that a company pays to its employees
- a company's records of its employees' salaries and wages, bonuses, and withheld taxes
- the company's department that calculates funds and pays these.[1]
In the sense of treasury management, payroll plays a major role in a company for several reasons. From an accounting perspective, payroll and payroll taxes are subject to laws and regulations and can considerably affect the net income of most companies. For example, payroll in the United States is subject to federal, state, and local regulations. From a human resources viewpoint, employees are sensitive to payroll errors and irregularities, such as late paychecks. As such, maintaining good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and that the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from paychecks.
- 1Payroll taxes
Payroll taxes[edit]
Government agencies at various levels require employers to withhold income taxes from employees' wages.
In the United States, 'payroll taxes' are separate from income taxes, although they are levied on employers in proportion to salary; the programs they fund include Social Security and Medicare.[2] U.S. income and payroll taxes collected through deductions are considered to be trust fund taxes, because the employer holds the deducted money in trust for later remittance.[3]
Payroll taxes in the United States[edit]
Net Pay is critical in the consideration of payroll taxes. An employee's gross pay (pay rate times number of hours worked, including any overtime) minus payroll tax deductions, minus voluntary payroll deductions, is equal to Net Pay. Payroll tax deductions play a critical role and because they are provided by law they are known as statutory payroll tax deductions.
By law, employers must withhold payroll taxes from employees' checks and transfer them to several tax agencies. Payroll taxes include the following:
- Federal income tax withholding, based on withholding tables in 'Publication 15, Employer's Tax Guide'[4] by the Internal Revenue Service – IRS;
- Social Security tax withholding.[5] The employee pays 6.2 percent of the salary or wage, up to $118,500 (as of 2015–2016).
- The employer also pays 6.2 percent in Social Security taxes. If you are self-employed, you pay the combined employee and employer amount of 12.4 percent in Social Security taxes on your net earnings;
- Medicare tax.[5] The employee pays 1.45 percent in Medicare taxes on the entire salary or wage. 0.9% is added for the salary portion bigger than $200,000 (only for the employee portion). The employer also pays 1.45 percent in Medicare taxes (regardless if the amount is bigger than $200,000). If you are self-employed, you pay the combined employee and employer amount of 2.9 percent (3.8% for the portion bigger than $200,000) in Medicare taxes on your net earnings;
- State income tax withholding;
- Various local tax withholding, such as city taxes, county taxes, school taxes, state disability, and unemployment insurance.
References include the following publications:
- Publication 15, (Circular E), Employer's Tax Guide. This publication explains employer's tax responsibilities. It explains the requirements for withholding, depositing, reporting, paying, and correcting employment taxes. It explains the forms any employer must give to its employees, those employees must give to the employer, and those employers must send to the IRS and SSA (Social Security Administration). This guide also has tax tables needed to figure the taxes to withhold from each employee;
- Publication 15 – A, Employer's Supplemental Tax Guide. This publication supplements Publication 15 (Circular E), Employer's Tax Guide. It contains specialized and detailed employment tax information supplementing the basic information provided in Publication 15 (Circular E);
- Publication 15-B. Employer's Tax Guide to Fringe Benefits. This publication supplements Publication 15 (Circular E), Employer's Tax Guide, and Publication 15 – A, Employer's Supplemental Tax Guide. This publication contains information about the employment tax treatment of various types of noncash compensation.
In the earlier part we have considered payroll taxes related to employee's side. Now it's the moment to talk about the Employer Payroll Taxes Employers are responsible for paying their portion of payroll taxes. These payroll taxes are an expense over and above the expense of an employee's gross pay. The employer-portion of payroll taxes include the following:
- Social Security taxes (6.2% up to the annual maximum);
- Medicare taxes (1.45% of wages);
- Federal unemployment taxes (FUTA);
- State unemployment taxes (SUTA).
The Federal Insurance Contributions Act (FICA) and the FICA tax consist of both Social Security and Medicare taxes. As we explained earlier both parties pay half of these taxes. Employees pay half, and employers pay the other half. Social Security and Medicare taxes are paid both by the employees and the employers. In summary together both halves of the FICA taxes add up to 15.3 percent.
Any employer is responsible for paying the employer's share of payroll taxes, for depositing tax withheld from the employees' paychecks, preparing various reconciliation reports, accounting for the payroll expense through their financial reporting, and filing payroll tax returns.
Frequency[edit]
Companies typically generate their payrolls at regular intervals, for the benefit of regular income to their employees. The regularity of the intervals varies from company to company, and sometimes between job grades within a given company.Common payroll frequencies include: daily, weekly, bi-weekly/fortnightly (once every two weeks), semi-monthly (twice per month), and monthly.[6] Less common payroll frequencies include: 4-weekly (13 times per year), bi-monthly (once every two months), quarterly (once every 13 weeks), semi-annually (twice per year), and annually (yearly).
Outsourcing[edit]
Businesses may decide to outsource their payroll functions to an outsourcing service like a Payroll service bureau or a fully managed payroll service. These can normally reduce the costs involved in having payroll trained employees in-house as well as the costs of systems and software needed to process a payroll. Where this may reduce the cost for some companies many will foot a bigger bill to outsource their payroll if they have a special designed payroll program or payouts for their employees.[7] In many countries, business payrolls are complicated in that taxes must be filed consistently and accurately to applicable regulatory agencies. For example, restaurant payrolls which typically include tip calculations, deductions, garnishments and other variables, can be difficult to manage especially for new or small business owners.
In the UK, payroll bureaus will deal with all HM Revenue & Customs inquiries and deal with employee's queries. Payroll bureaus also produce reports for the businesses' account department and payslips for the employees and can also make the payments to the employees if required. As of 6 April 2016, umbrella companies are no longer able to offset travel and subsistence expenses and if they do, they will be deemed liable to reimburse to HMRC any tax relief obtained. Furthermore, recruitment companies and clients may be potentially liable for the unpaid tax.[8]
Another reason many businesses outsource is because of the ever-increasing complexity of payroll legislation. Annual changes in tax codes, Pay as you earn (PAYE) and National Insurance bands as well as statutory payments and deductions having to go through the payroll often mean there is a lot to keep abreast of in order to maintain compliance with the current legislation.
On the other hand, businesses may also decide to utilize payroll software to supplement the efforts of a payroll accountant or office instead of hiring more payroll specialists and outsourcing a payroll company. Payroll software base its calculation on entered rate, approved data obtained from other integrated tools like the electronic Bundy clock, and other essential digital HR tools. Payroll is widely used in the United States of America
References[edit]
- ^Bragg, Steven M. (2003). Essentials of Payroll: Management and Accounting. John Wiley & Sons. ISBN0471456144. Retrieved 4 November 2017.
- ^Pomerleau, Kyle (19 June 2014). 'A Comparison of the Tax Burden on Labor in the OECD'. Tax Foundation. Retrieved 4 November 2017.
- ^'Employment Taxes and the Trust Fund Recovery Penalty (TFRP)'. IRS. Internal Revenue Service. Retrieved 4 November 2017.
- ^'IRS Publication 15, (Circular E), Employer's Tax Guide'(PDF). Internal Revenue Service. Retrieved 4 November 2017.
- ^ ab'SSA Publication No. 05-10003, Update 2017'(PDF). SocialSecurity.gov. Social Security Administration. Retrieved 4 November 2017.
- ^'How frequently do private businesses pay workers?'. Bureau of Labor Statistics. U.S. Department of Labor. Retrieved 4 November 2017.
- ^Payne, Charlie (September 5, 2014). 'Payroll Matters'. StaffOne.com. Staff One. Retrieved October 27, 2015.
- ^'All change for Umbrella Companies from April 2016'. FCSA. The Freelancer & Contractor Services Association. Retrieved 4 November 2017.
External links[edit]
Moh Payroll Pdf
Wikimedia Commons has media related to Payroll. |
Look up payroll in Wiktionary, the free dictionary. |
Being part of a company means being part of their employee payroll sample. Companies and businesses hire employees to work for them, either to do physical or intellectual work, in exchange for monetary payment. This is especially true for growing companies or businesses. This is done so that the demand for a certain product or service can be provided by a company.
Related:
Having an employee payroll register or a list of the employees that a company or business pays ensures that all those who worked for them are getting paid right. Employee payrolls also play an important part in making sure that employers don’t get sued by their employees for being negligent when it comes to their salaries and benefits.
Jurassic park operation genesis free play no download. Jurassic Park Operation Genesis is a simulation video game developed by Blue Tongue Entertainment and published by Vivendi Universal Gamesa Konami.It was released on March 10, 2003 for PC.The player's main objective is to create a theme park/zoo featuring dinosaurs, make it popular, and make it safe with a 5-star rating. Gameplay functions are very similar to the SimCity and Tycoon game models. In Jurassic Park: Operation Genesis players assumes the control of all operation: the construction of the park, caring for the environment, cloning dinosaurs and most important of all, fun and protection of visitors. Publisher's Description. From Vivendi Universal Games: In Jurassic Park: Operation Genesis, you build the hatcheries, feeding areas, and security equipment, then let the general public in to have some fun. As in other park sims, you'll need to balance entertainment and safety (watch out for that rampaging T-Rex!) to keep your customers happy.
Monthly Employee Payroll Sample
Daily Employee Payroll Template
Employee Payroll Report Sample
Biweekly Employee Payroll Template
Pay Stub for Full-Time Employees
Printable Teacher Payroll Sample
Weekly Employee Payroll Template
What Is an Employee Payroll?
The word payroll refers to the list of employees that a company has. This is how payroll is being defined in dictionaries and online. There are still other definitions that payroll template goes by and they are the more popular definitions or what is being commonly used by a lot of people. Most of the time when we hear the word payroll, we immediately think of the money that is paid by a company or employer to their employees. In other words, we think of it as the salary of the employees.
We also often hear the word payroll when it comes to disputes in an individual’s salary and these disputes could either be about the record of bonuses, taxes, incentives, and other benefits that an employee should be provided with or entitled to. Things always get interesting when it comes to money matters. We also refer to payroll as the department in a company that does all of the computations for the salary of every employee. You can also like payroll spreadsheet samples.
If you want to know how to do payroll taxes and process payroll yourself, this is the department that you might want to visit. It is also where a lot of employees bent their anger on because they think that something is wrong with how their pay is computed. Payroll could mean any of those described above and it is important that you take note of how it is being used by people so that you will understand what they are trying to say.
What Information Should Your Payroll Include?
If your job is to take care of all stuff related to payroll, then you should know the information that makes up a payroll. This is so that you will be able to identify what is missing or lacking in a certain payroll and add the necessary information before it creates a serious problem. Below are the information that you need to look for:
- The name, address, and contact information of the employer or the company.
- The name of the employee.
- The employee’s company number or employee number.
- The dates covered for the specific pay or the pay period.
- The pay date or when the pay will be received by the employee.
- The total number of regular hours worked by the employee.
- The total number of overtime request hours worked by the employee.
- The total number of holiday hours worked by the employee.
- The pay rate of the employee.
- The gross pay.
- The net pay or the total amount that the employee will be able to take home, also take-away pay.
- The taxes and other fees that the employee needs to pay, may vary depending on specific state requirements.
- Other necessary deductions.
Sample Payroll Record for Farm Labor
Monthly Employee Payroll Template
Employee Full Payroll Sample
Online Employee Payroll Sample
Employee Payroll Template
Sample Payroll For Voluntary Deduction
Employee Excel Payroll Template
HR Management Payroll Sample
What Are the Uses of Payroll Samples and Templates?
Payroll samples and templates are tools that you need to make your payroll tasks easy and convenient. There is more to these samples and templates than just making your tasks easy and convenient. Below are the uses of payroll samples and templates.
- Using payroll samples and templates will help you save costs. Instead of outsourcing for payroll, you can do it on your own. Creating payroll using simple tips together with the best payroll samples and templates can greatly help you with this task so you don’t have to outsource payroll again.
- Payroll samples can be used as a guide for payroll beginners because it provides them with helpful information on how to be able to handle different types of certified payrolls. Most payroll samples provide instructions and tips on how to be able to make the task easy and accurate.
- Payroll samples also provide formulas that can be used in computing the salary, taxes, and others in an employee’s salary.
- Payroll samples are very useful for training newly hired employees in the payroll department. Training is made easy with the use of visuals that are provided in the sample and the new employee will understand the payroll processes of the said company better.
- Payroll templates, on the other hand, make it easy for companies to keep track of the list of employees that they have on the payroll. Through a payroll template, things like the number of hours worked, time in and time out, and overtime work of the employee can be monitored.
- Payroll templates help in keeping an organized record of all the employees’ hours and punches. This tool allows the user to have a uniform template that can be easily understood and interpreted.
Looking for the best payroll sample or the best payroll template is not always the same for everyone. If you can’t find the samples and templates that best fit your needs here, then you can check out blank payroll samples and templates on our website.
Importance of Payroll
Why is payroll important in a company? While a lot of people agree with their payroll department, there seems to be a lot more people who tend to hate it. This is perhaps commonplace in a company, especially if the company is known for exaggerated and unexplainable salary and deductions. This is just one example that shows how important payroll is in a company. You can also like payroll tips.
- Employees always look forward to their pay, that is why it is important to make sure that payroll is always on time. Employees work hard and get motivated because of the pay that they will receive on each cut-off. A delayed or late pay will cause employees to become demotivated or become suspicious of the company’s financial stability. This will result to the employee performing poorly or they might not come to work regularly. You can also like payroll timesheet calculators.
- Payroll is important because through payroll, employees can feel their worth in the company. An employee’s salary, bonuses, and benefits are incorporated in the payroll. Also, companies conduct employee performance appraisals or evaluations. With these evaluations, employees can get a raise and this motivates them to work even harder.
- A company with a reliable and trustworthy payroll department and payroll process is one that is most popular among employees and job seekers alike. Who would want to work in a company with a very questionable and unreliable payroll? Nobody would want that. A reliable payroll will boost the company’s good reputation and this not only helps them easily attract employees, this also helps them attract a lot of clients. You can also like payroll timesheets.
- Having a reliable payroll will help companies or employers avoid getting into serious legal problems that are usually brought about by faulty tax computations and contributions, or failure to pay the required government taxes on time. All these and more are part of an employer’s responsibilities for payroll taxes.
Your company’s payroll department ensures that every calculation done is accurate so that every employee receives what they deserve or what they worked for. You can use a payroll hours calculator to help you in computing the time an employee has worked.