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Managing company directors in QuickBooks Online Core Payroll
by Intuit•15• Updated 1 month ago
Note: If you are managing company directors in QuickBooks Online Standard Payroll see this article.
Understand that company directors are treated as employees and are subject to National Insurance Contributions (NIC). Basically, NIC is paid on their salary and bonuses that go beyond a specific threshold. The threshold is based on their annual earnings, not their monthly or weekly pay.
To add a company director, follow these steps:
- Go to Payroll, then Employees.
- Follow the steps of add a new employee, or select an existing employee.
- Go to the employee’s Tax information.
- Select either Edit or Start.
- If you select Start, enter the relevant information.
- Tick the Company director checkbox.
- Select their appointment date.
- Choose the director calculation method.
- Annual method - use for employees paid irregularly, like those paid mostly in bonuses. Once selected, you can’t change this for the rest of the tax year after the direct has been paid.
- Alternative method - use for employees who are paid regularly with a salary.
- Select Save.
Remove a company director
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