This Tax Bite explains commonly used payroll and tax terminology to promote a clearer understanding across business functions.
It highlights how some terms, while frequently used in everyday payroll discussions, may be misunderstood or applied incorrectly.
The aim is to provide clarity on the meaning and context of these terms, both from a legislative and operational perspective.
By unpacking payroll language, the information in this tax bite supports more accurate communication and compliance within payroll, HR, and finance teams.