Payroll

Payroll changed in 2013… it became a big headache. In April 2013 HM Revenue and Customs introduced the new Real Time Information (RTI) reporting requirements for employers.

 

So what is RTI? In a nutshell, it’s a new way of reporting for employers that replaced the year-end P35 and P14 forms. Instead of reporting changes and figures at the end of the tax year, you are required to report on or before every single payday. And you must make sure your payroll systems and software are approved by HM Revenue and Customs and fully RTI-compliant.

 

And the penalties for incorrect reporting are severe. For example, the late filing penalties typically range from £100 to £400. That’s every month. So over a year penalties for late filing could amount to as much as £4,800. But don’t worry… we can take away this hassle and ensure you avoid penalties.

 

Understandably most business owners don’t want to deal with the hassle of payroll, and that’s where we can help.

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Key benefits

You will know your payroll is submitted on time. And that means you don’t need to worry about the severe penalties of up to £400 per month.

Leaving us to deal with your payroll frees up your time to focus on what you do best, running your business.

Struggling? Well don’t worry, professional payroll advice is just a phone call or email away. We’ll always make time to help you out.

Since you won’t need to purchase any internal payroll software or upgrades your costs will drop.

Maximum 48-hour turnaround, with an agreed payroll timetable and subject to provision of full payroll information.

Letting us handle your payroll will result in improved record retention for PAYE inspection purposes.

Want to learn more?

If you’d like to find out more how we can help your business with cloud accounting then click below to get in touch.