Is your payroll software able to cope with the new
Not all payroll software is compatible with the new Auto Enrolment pensions regime. If software is not compatible, then separate manual records will need to be kept. This will be time consuming and complex and may mean the margin for errors (and potential penalties) is greater.
We are aware that HMRC Basic Tools and Sage Instant Payroll are definitely not compliant and recommend that you contact your payroll software provider as soon as possible to confirm that it is auto-enrolment compliant.
If you do need to change software, we recommend that you do this end of the payroll year, rather than part way through the year. However if you do need to change part way through the year, please contact us if you need help with transferring your data.
If you do need to change software then it doesn’t have to cost the earth! Sage offer auto –enrolment compliant payroll products for smaller businesses starting at £3 + VAT per month (offer to 30/04/15).
If you would like to know more about any of the issues above, please give us a call.
