<P> Any employer is responsible for paying the employer's share of payroll taxes, for depositing tax withheld from the employees' paychecks, preparing various reconciliation reports, accounting for the payroll expense through their financial reporting, and filing payroll tax returns . As you see this suite of employer payroll tax responsibilities is far above issuing paychecks to employees.--</P> <P> Companies typically generate their payrolls at regular intervals, for the benefit of regular income to their employees . The regularity of the intervals varies from company to company, and sometimes between job grades within a given company . Common payroll frequencies include: daily, weekly, bi-weekly / fortnightly (once every two weeks), semi-monthly (twice per month), and monthly . Less common payroll frequencies include: 4 - weekly (13 times per year), bi-monthly (once every two months), quarterly (once every 13 weeks), semi-annually (twice per year), and annually (yearly). </P> <P> Businesses may decide to outsource their payroll functions to an outsourcing service like a Payroll service bureau or a fully managed payroll service . These can normally reduce the costs involved in having payroll trained employees in - house as well as the costs of systems and software needed to process a payroll . Where this may reduce the cost for some companies many will foot a bigger bill to outsource their payroll if they have a special designed payroll program or payouts for their employees . In many countries, business payrolls are complicated in that taxes must be filed consistently and accurately to applicable regulatory agencies . Restaurant payrolls which typically include tip calculations, deductions, garnishments and other variables, can be difficult to manage especially for new or small business owners . </P> <P> In the UK, payroll bureaus will deal with all HM Revenue & Customs inquiries and deal with employee's queries . Payroll bureaus also produce reports for the businesses' account department and payslips for the employees and can also make the payments to the employees if required . As of 6 April 2016, umbrella companies are no longer able to offset travel and subsistence expenses and if they do, they will be deemed liable to reimburse to HMRC any tax relief obtained . Furthermore, recruitment companies and clients may be potentially liable for the unpaid tax . </P>

What components make up the preparation of payroll data