Each employee will have a tax code that will change at the start of the tax year. To remain HMRC payroll compliant, you’ll need to ensure your employees are on the right code to make sure they are paying the right level of tax.Sage One Payroll software makes this easy by automatically updating each employee’s tax code for you. You can easily override any information and the software lets you check with HMRC if any codes are missing.
“I love being able to pay my employees so fast. I can run Payroll, make BACS payment, send out payslips and see what is owed to HMRC within 20 minutes. It makes payroll so simple. Tax codes are all calculated for you to ensure your PAYE is accurate.”
As an employer, you must provide a P60 to each employee who is working for you on 5 April. You have to supply this by 31 May. The P60 contains:
- The employee’s final tax code
- Their total pension income
- The total amount of income tax deducted
- Their total National Insurance contributions
Sage One Payroll automatically generates HMRC compliant P60s and allows you to print them out in just two clicks.
When one of your employees leaves, you’ll need to provide them with a P45. This shows how much tax they’ve paid on their salary so far in the tax year and allows them to pass the information to their new employer.
Sage One Payroll makes it easy to:
- Mark an employee as a leaver
- Process their final pay
- Inform the HMRC that they have left
- Print out their P45
With the arrival of automatic enrolment, most companies now need to provide a pension for their employees. Not only do you need to have this in place but you’ll also need to keep track of who is eligible, manage and record deductions and keep records of anyone who has opted out.
But it doesn’t have to be difficult. Sage One Payroll makes it simple to manage, with just four steps to prepare your business for automatic enrolment compliance.
When you’re processing payroll, you need to ensure you’ve recorded any deductions correctly, so HMRC has the right information.
Sage One Payroll has deduction types already coded into the software, making it easy to choose the right one. These are already set as gross or net, which allows the software to automatically calculate the right information for each pay run.
“With Sage One, I can just sit down, do the wages, print them out and move back onto something that pays me money. There’s no faff, there’s no palaver, if you need any assistance you just phone up – it’s simple.”
John Moore, Fryer Tuck’s
Maternity, paternity and adoption pay
As an employer, you may need to make payments to expectant parents and adopters. The new Paternity and Adoption Leave (Amendment) Regulations 2014 come into force on 5 April 2015 and change some of the regulations regarding leave and pay.
Because Sage One Payroll is in the cloud, you can be sure you’re up to date with these legislation changes. The software keeps all the relevant information for each employee and submits the data to HMRC.