Payroll Admin/Accounting and Personal Income Tax Course

The increasing role of incentives in organizations cannot be overemphasized. All employers of firms and government Parastatals have to meet with the challenges of the moment i.e., having an attractive payroll incentive scheme to retain quality staff. In other to maximize the benefits derivable from personnel income tax, it is also essential for an effective tax administration to be in any organization.

Who Should Attend? 

This course is suitable for individuals performing the payroll management function for their organization or as a rendered service to clients.

It is important for every personnel saddled with this responsibility to have a deep understanding of what it entails to manage an organisation’s payroll effectively in relation to the peculiarities of the organisation.

At the end of this course, participants will have sound working knowledge of payroll management and will also be updated on the relevant statutes guiding payroll management.

Learning Outcomes

Upon successful completion of this course, participants will have reliably demonstrated the ability to:

• Explain the goals and functions of payroll management.
• Prepare and present payroll reports.
• Understand how to prevent payroll fraud.
• Explain the benefits of various payroll structures.
• Calculate and explain employee income and adjustment to income.
• Decide the form and amount employees’ benefits for maximum tax benefits.
• Recommend techniques for managing confidentiality.
• Render payroll statutory returns

Course Content

Overview of Payroll Administration

• Importance of Payroll Administration
• Payroll Management Basics
• Payroll structures
• Challenges with payroll management

Overview of Personal Income Tax Laws (Number 14 of 1993 as Amended to date)

• Legislations on Personal Income Tax
• Identification of Income for Tax Deductions
• Legislations on pension scheme
• Other statutory deductions: NSITF, NHS, ITF etc.

Government Tax Policies and Payroll Administration

• Implications of Tax Avoidance and Tax Evasion
• Income & Adjustment to Income 
• Standard Deduction & Tax Computations 
• Child and Dependent Relatives Expenses 

Payroll Computerization

• Advantages/disadvantages of a computerised payroll system
• Logging in to a payroll
• Protecting confidential data,
• Setting up basic company details, setting hourly rates and payments,
• Viewing employee details, creating employee records,
• Navigating employee records,
• Backing up data
• Restoring payroll data,
• Editing employee details,
• Producing a variety of payroll reports,
• Selecting a payroll software     

Corporate Human Resources Management and Incentive Scheme

• Pension Gratuity Management
• Employee benefits and tax planning
• Salary Payment Practices – hourly, daily, weekly, fortnightly, monthly
• Payroll Setup
• Payroll Components and Computation

 Payroll Accounting

• The Human Resources Management and Accounts interface
• Payroll Accounting
• Payroll audit
• Internal Control