Real Time Information
Meeting obligations as an employer can be incredibly daunting especially with the introduction of Real Time Information. RTI means employers will now share information with HMRC on-or-before payments are made to employees.
Here at The Hollies Bookkeeping Services we are aware of the changes and uses HMRC-approved, RTI-compliant payroll software. We have been trained using SAGE RTI payroll software.
Throughout the year, we will calculate your employees’ net pay, report the figures and information to HMRC and provide you with payslips to pass on to your staff. We can calculate the tax and National Insurance deductions applicable; even if your employees are on sick, paternity, maternity or adoption leave. We can also help you to keep track of their holiday entitlement and can file all the starters and leavers forms on your behalf. Late payments or underpayments of employers’ deductions can now lead to hefty penalties, so we can help you avoid incurring these.
We can also prepare your benefits and expenses forms and advice you of any filing requirements or National Insurance that falls due. Benefits and expenses can be a very complicated area and knowing what and where to report can be tricky, but we can relieve you of the burden.
We can file all of your in-year and year end returns for you with HMRC and provide you with P60s to distribute to your employees at the year end.