If you are an employee with a query about your pay, you may be told to check with payroll. Googling the word “payroll” will bring up a list of companies but, when you ring them, you’ll discover that none of them can help. So, how can it be possible that your trusted search engine has let you down?
We first connected our system to the QuickFile accounting system in 2013. Since then, customers who have an account with QuickFile have been able to send their payroll figures to their accounting system by clicking a button. Now, there’s a small change to the way it works and customers using this feature will need to take action.
When business owners set up a company pension scheme they need to make a few choices, including deciding how much the business needs to pay into the pension. Many employers understand that this must be at least 1% but few seem to know that there is more to decide than the percentage: do they want 1% of the total wages, 1% of qualifying earnings, or something else?
If you’ve visited other parts of the internet besides this blog, you will have noticed lots of websites displaying messages about cookies. The messages vary, but most either ask you click something to agree to these cookies, or tell you that you are agreeing if you continue.
We have just added Sage One to the list of popular accounting systems we integrate with. Over the past two years or so, hundreds of thousands of small businesses have moved their accounting online, and Sage One is one of many systems catering to this demand.
Automatic enrolment was devised with a long term aim that lots of employees should save meaningful amounts for their old age. That aim was divided up into two sections, each subdivided into steps. The first section is called staging and is bringing in lots of employers and their employees, in stages. This is why the date an employer’s duties start is known as their staging date. So what happens if an employer sticks their head in the sand and ignores their staging date?
FreeAgent is the latest on the list of popular accounting system we integrate with. Some years ago, I had a meeting with a senior figure from a large, accounting software firm. He said he thought we were making a mistake by taking what he called the Swiss position.
In an earlier post I wrote about how pension master trusts could be set up without regulatory approval, leading to a very mixed standard of available workplace pensions. This made it hard for small businesses to know who to trust with their employees’ retirement savings. Since then, the situation has moved on and Parliament has created new powers to tackle the problem.
When Real Time Information was first introduced, we were told it would save businesses hundreds of millions of pounds, make tax more accurate, reduce tax credits over-payments, enable dynamic adjustment of Universal Credits, move the planets into alignment and bring about world peace. Okay, maybe not the last two.
With such ambitious aims and a very short timescale for implementation, nobody should be surprised that the result wasn’t perfect.