I have just recently employed 4 employees and I would like to do the payroll myself, rather than paying an accountant. I am trying to do this months pay and am finding it quite time consuming and want to know if there are some formula I can use to speed things up. I am using this tax calculator and putting all the information and values into a spreadsheet. This calculator must be using some sort of formula and I'm wondering if I can replicate it in excel?
Is this the best way of doing this or is there some cost-effective software that can do this for me? Any advice would be appreciated.
Is this the best way of doing this or is there some cost-effective software that can do this for me? Any advice would be appreciated.