Saturday 12 January 2019

Originally posted on Facebook - 2018-12-001-001 National Insurance and me

When I started working so many years ago, a very kind lady gave me forms to fill out for the National Insurance Board and the Board of Inland Revenue so that I could receive numbers which tracked payments which were made on my behalf.

During my first set of years with that firm, being out of the office more often than in, my pay went to the bank.

Payslips were something which I received to prepare my budget.

The deductions for Health Surcharge and National Insurance in relation to the number of Mondays was something which I accepted but did not check.

However I learnt more about the allocation of persons to departments with respect to Payrolls and such from Information Technology and the audit of payroll at a Gas company if I recall correctly.

In that day and age, that company had software I believe, which produced payrolls reports according to department and there were all sorts of information being produced.

Later on, I learnt about auditing the procedures of additions to the payroll and departures from the company and a few other processes in a tech savvy company which was involved in the production of clay pavers.

Yes, on some audits, you were allowed to audit only pieces of a section or some areas.

Over time, at one of my practical accounting positions, due to the kindness of persons with whom I interacted, I was provided with a person's desk phone, a name and the opportunity to ask questions about rates and such.

Given that I did not have a clue as to expectations of the priests and such and given my past knowledge as to weeks, Mondays and such, I knew that x and y had to be paid. If this was how much the person received, then such and such happened.

Later on at another institution, after close to a year and a half or three quarters of preparing manual payrolls including TD4's, the institution was able to purchase or use a licensed product for which there was support.

That was one of my great learning experiences for which I am profoundly grateful.

Some of what I have learnt over the years are:

There are things called Tax opinions for matters which may be out of your scope of experience. Get them in writing and or get a review of the work which is being done. The terms may be substantive or compliance.

So people out there, like most areas of work, there are:

Numbers of persons to be paid either weekly or monthly,

Forms and payments to be made,

Various responsibilities and other factors such as the due date for pay, public holidays,

Statutory responsibilities which impact upon the timing of the work which is involved and learning curves in institutions, industries and such.

So feel free to ask questions, there are more sites where information is available and printed matter can be used and reused.

However, sometimes a website may change and it becomes a bit of a challenge to locate the information

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