This infographic was produced by Sage What is RTI? RTI stands for Real Time Information and is a new and more effective Pay As You Earn (PAYE) system that is being introduced by HMRC on 6th April 2013. Very few changes have been made to the Payroll management system since 1944, which is why it's time for a fresh new start. What will change? The current Payroll system requires employers to submit end-of-year forms (P35/P14) to HM Revenue & Customs detailing each...Read More
The pilot year for Payroll Real Time Information (RTI) began in April, with the roll out of the new system for submissions continuing into next year. Payroll RTI will be compulsory for all businesses by October 2013, and we have been blogging about the latest news from Sage and HMRC as it has been coming in. It was recently reported on Sage's own blog that the latest Sage user to make RTI submission was the Chartered Institute of Payroll Professionals (CIPP), with the Exchequer Secretary to...Read More
This week HMRC have been tweeting about some of the mobile applications that are available to help small business owners stay ahead of record keeping even when away from the office. One of the applications they highlighted as being particularly effective is Sage Record Keeper Mobile, which was announced in April for iPhone and iPad users. It is made especially for the self-employed, sub-contractors and small businesses to record receivables and payables, display monthly balances, track CIS...Read More
A terrific idea for growing businesses switching from manual accounting or payroll systems who need to train individual or multiple employees to use Sage payroll and accountancy software, Sage Training Passports can be shared with anyone in a company offering great flexibility over who attends the courses. You can even mix and match the courses that are attended to get the greatest breadth of training possible, including classroom, self-study and e-learning courses that will allow you to...Read More
Good customer relationship management and superb customer service is essential to maintaining a healthy business. Now the UK economy is officially in a double-dip recession businesses of all sizes need to step-up their customer relationship management (CRM) in order to survive and thrive. Sage published a superb white paper titled ‘Putting Customers at the Centre of your Business' which is a valuable read for any business owner looking to improve their customer and prospect...Read More
This week Sage have posted a YouTube video which simply and clearly explores the changes all employers are to expect over the next year as the new Real Time Information (RTI) legislation for PAYE processes is rolled out. The biggest change to payroll since 1944, RTI will require all employers to submit information about their employees to HMRC every time they are paid instead of just once a year at payroll year end. Whilst this may initially sound daunting and time consuming, Sage have...Read More