As National Payroll Week kicks off today, the team at Xero wants to extend a special thank you to our incredible community of small businesses and accountants across the UK who manage payroll. This week is dedicated to shining a spotlight on the importance of payroll and recognising the invaluable work done by those who ensure employees are paid accurately and on time.
The impact of payroll on the UK economy
Payroll might seem like a behind-the-scenes function, but its influence is profound. In fact, payroll professionals contribute significantly to the UK’s economy, helping collect a staggering £404 billion through PAYE, income tax, and National Insurance.* This revenue supports public services, infrastructure, and much more, underscoring how crucial accurate payroll management is to our daily lives.
Faster payroll with Xero
Xero understands the complexities of payroll and aims to make running payroll as easy as possible. In fact, our recent survey found that 92% of small businesses say they run payroll faster with Xero.**. Xero brings your accounting and payroll together in one place and is designed to streamline payroll tasks, so that you can handle payroll efficiently and confidently. With Xero, you can:
automate payroll calculations: reduce errors and save time with automated tax calculations and deductions
ensure compliance: stay up-to-date with the latest regulations and compliance requirements
simplify administration: manage employee records, timesheets, payslips and more with ease
To learn more about Xero payroll and what it can do for your business, check out the payroll webpage.
Join Xero’s live payroll webinar
To mark National Payroll Week 2024, our payroll experts are running a live, interactive webinar. Register now to discover the latest in the industry, how it might affect your work and how Xero payroll software can help.
Webinar: Discover Xero Payroll for your business
Tuesday 3 September at 2pm BST
Need assistance? Check out our YouTube channel
If you find yourself needing a bit of extra help with payroll, head over to the Xero YouTube channel or Xero Central, where you can find a range of new videos designed to assist with payroll management. From step-by-step guides to troubleshooting tips, this content will help you get the most out of Xero payroll.
Thank you to our community
As we celebrate National Payroll Week, we want to express our sincere gratitude to all our Xero small businesses and accountants. Your dedication to managing payroll accurately and efficiently is instrumental in the success of countless businesses and the overall economy. Thank you for trusting Xero as your payroll partner and for all the hard work you do, day in and day out.
Let’s continue to work together to make payroll a little less daunting and a lot more rewarding. Happy National Payroll Week!
*Source: Tax receipts and NI contributions table. https://www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk
**Source: Survey by Xero of 254 small businesses in the UK using Xero, May 2024
The post Celebrating payroll professionals on UK National Payroll Week appeared first on Xero Blog.
