Don’t get caught out by PAYE Modernisation that comes into effect on 1st January 2019.
For some employers it will make little difference. But for those business who do not have dedicated staff and who update their payrolls as and when they have the time, there is a big change on the horizon.
Some employers ask their accountant to calculate their wages and salaries on a quarterly basis in order to make their P30 payments. Some even do this annually for P35 reasons.
From January this will no longer be possible. So whatever sized business you have and whether you are a sole trader, partnership or limited company, all pay runs will have to be transmitted live to the Revenue each week on or before payment is made to employees.
The Revenue have intimated in various consultations and seminars that they are going to be very strict about non compliance on this and that Revenue intervention and/or penalties will be introduced for employers who don’t follow the rules.
In view of this, many accountants across the country are dropping payroll services as they do not have the resources to accommodate this change.
That’s where we come in. Together with our payroll software partners we can handle all of this for you in the simplest way possible so as not to impact on your time unnecessarily.
Please feel free to contact us for a quote. You can call us or you can use the contact form on this site and we will get back to you quickly.
