3 Terms
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Payroll
Of or relating to the financial record of employees' salaries, wages, bonuses, net pay, and deductions.
Industry: Accounting
Add a new termContributors in Payroll
Payroll
Gross income
Accounting; Payroll
The compensation for services, including fees, commissions, fringe benefits, and similar items.
Shared services
Accounting; Payroll
The consolidation of related functions and integration of the processes involved with them throughout an entire organization.
Float
Accounting; Payroll
The dollar amount represented by cheques that have been deposited but not cleared. For example: many tax filing outsourcers remove the tax money from your account several days before the taxes are ...
FUTA
Accounting; Payroll
Federal Unemployment Tax Act (FUTA) tax is a payroll or employment tax paid solely by the employer. While the FUTA tax is paid by the employer, it is based on each employee's wages or salary.
State Unemployment Tax Act (SUTA)
Accounting; Payroll
SUTA The State Unemployment Tax Act, describes state unemployment taxes imposed on employers. The majority of employers are responsible for paying federal and state unemployment taxes. Employers are ...
Construction Industry Scheme (CIS)
Accounting; Payroll
The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry.
Statutory Adoption Pay (SAP)
Accounting; Payroll
Eligible employees can take up to 52 weeks Statutory Adoption Leave. The first 26 weeks is known as 'Ordinary Adoption Leave', the last 26 weeks as 'Additional Adoption Leave
