Is this topic a mine field for you?
From 6th April 2013 and every time you pay an employee you need to send that payroll information to HMRC. There are several reports/items of infomation that HMRC require.
RTI ready payroll software can be expensive and some small businesses cannot justify the cost. Especially small 'one man band' businesses. However, the HMRC have a list of recognised RTI ready software http://www.hmrc.gov.uk/softwaredevelopers/paye/rti-software-forms.htm that can perform the requirements, some at reasonable cost, some stupidily expensive.
Time v's Money doesn't have to be a challenge of either/or.
'I physically don't have the time to sit and read/research RTI, to understand what I need to produce the information required'.
'The software and time taken to look into RTI is not cost effective for me....it's another Government ploy to get more money out of us'.
'Once I find a piece of payroll software that would be ideal for my business, I don't have time to teach myself how to work it'.
The above comments are just a few that people have said. There are many businesses like mine that can offer a payroll service at a much more reasonable cost and no time at all on your part to understand the software or the information required to send to HMRC.
What problems do you encounter with this subject? What options do you feel you have or lack?
From 6th April 2013 and every time you pay an employee you need to send that payroll information to HMRC. There are several reports/items of infomation that HMRC require.
RTI ready payroll software can be expensive and some small businesses cannot justify the cost. Especially small 'one man band' businesses. However, the HMRC have a list of recognised RTI ready software http://www.hmrc.gov.uk/softwaredevelopers/paye/rti-software-forms.htm that can perform the requirements, some at reasonable cost, some stupidily expensive.
Time v's Money doesn't have to be a challenge of either/or.
'I physically don't have the time to sit and read/research RTI, to understand what I need to produce the information required'.
'The software and time taken to look into RTI is not cost effective for me....it's another Government ploy to get more money out of us'.
'Once I find a piece of payroll software that would be ideal for my business, I don't have time to teach myself how to work it'.
The above comments are just a few that people have said. There are many businesses like mine that can offer a payroll service at a much more reasonable cost and no time at all on your part to understand the software or the information required to send to HMRC.
What problems do you encounter with this subject? What options do you feel you have or lack?