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Payroll
Intreasury management, apayrollis the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive.[1]Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, includingsalariesandwages,bonuses, andwithheld taxes,[2]or the company's department that deals with compensation. One way that payroll can be handled is in-house, meaning that a company handles all aspects of the payroll process on its own, including timesheets, calculating wages, producing paychecks, sending the ACH (Automated Clearing House), for any direct deposits, and remitting any tax payments necessary[citation needed]. Payroll can also be outsourced to a full-service payroll processing company. When a company chooses to outsource their payroll, timesheets, wage calculations, creating paychecks, direct deposits, and tax payments can be handled all, or in part, by the payroll company[citation needed].
Payroll plays a major role in the internal operations of a business for several reasons. From the perspective ofaccounting, payroll and payroll taxes are subject to laws and regulations. Payroll in the U.S. is subject to federal, state, and local regulations includingemployee exemptions,record keeping, andtax requirements.[3]Payroll also plays a large role from thehuman resourcespoint of view. Payroll errors, such as late or incorrect paychecks, are a sensitive topic that can cause tension between employees and their employers. One requirement to maintaining highemployee moraleis that payroll must be paid accurately and promptly because employees are very sensitive to any payroll errors.[4]
Lichfield (/ˈlɪtʃfiːld/) is a cathedral city and civil parish[2] in Staffordshire, England. Lichfield is situated roughly 16 mi (26 km) north of Birmingham, 8.1 miles (13.0 km) from Rugeley, 9 miles (14 km) from Walsall, 7.9 miles (12.7 km) from Tamworth and 13 miles (21 km) from Burton Upon Trent. At the time of the 2011 Census the population was estimated at 32,219 and the wider Lichfield District at 100,700.[3]
Notable for its three-spired medieval cathedral, Lichfield was the birthplace of Samuel Johnson, the writer of the first authoritative Dictionary of the English Language. The city's recorded history began when Chad of Mercia arrived to establish his Bishopric in 669 AD and the settlement grew as the ecclesiastical centre of Mercia. In 2009, the Staffordshire Hoard, the largest hoard of Anglo-Saxon gold and silver metalwork, was found 5.9 km (3.7 mi) south-west of Lichfield.
The development of the city was consolidated in the 12th century under Roger de Clinton, who fortified the Cathedral Close and also laid out the town with the ladder-shaped street pattern that survives to this day. Lichfield's heyday was in the 18th century, when it developed into a thriving coaching city. This was a period of great intellectual activity, the city being the home of many famous people including Samuel Johnson, David Garrick, Erasmus Darwin and Anna Seward, and prompted Johnson's remark that Lichfield was "a city of philosophers".
Today, the city still retains its old importance as an ecclesiastical centre, and its industrial and commercial development has been limited. The centre of the city has over 230 listed buildings (including many examples of Georgian architecture), and preserves much of its historic character.
