For this quarter’s newsletter we would like to focus on payroll, giving you an update on our payroll team and also reminding you of some housekeeping with pensions and the year end coming up.
Christmas Pay Run
As the festive period has arrived, we will be closing the payroll department from Monday 23 December and returning refreshed and relaxed on Thursday 2 January 2020, so if not done so already please send us your payroll information as soon as possible.
Year End
We are fast approaching the final quarter of the annual pay run (January 2020 to 5 April 2020). We would encourage all our clients to check their employee’s information and send through any changes to us such as change in address or family names, along with email addresses for the employees who receive their P60’s digitally.
Pension
There will be no further changes to the auto enrolment pension rates for the foreseeable future. They will remain at a combined rate of 8% (3% employer’s contribution and 5% for the employee). We are continuing to process the pension re-enrolments and re-declarations of compliance with the Pension Regulators where necessary. These are a legal requirement to be processed every 3 years after your staging date.
We liaise closely with our pension partners Chadwick’s (formerly The Pension Counter) who offer their expertise in the field of auto enrolment pension and can assist with any pension queries, no matter how obscure, that you may have.
General Payroll Update
At the start of the tax year we went paperless within the payroll team. We have done this to cut down on the carbon footprint both within the department, through printing of payroll reports for our files and posting of these reports out to our clients.
We firstly turned to emailing the reports to our clients and we took charge of delivering the employee’s payslips on payday via email to each individual employee. This has also cut down on the number of requests we received for duplicate payroll reports and payslips.
We have also rolled out OneClick, which is an online portal facility where our clients can securely send us their payroll and bookkeeping information. This is a fantastic tool which offers security and peace of mind to our clients and it also lets you retrieve historical reports without having to contact us.
In the last year we have taken on a client with a substantial workforce based in Ireland, and it has given us the opportunity to branch out into the Irish Payroll market, which we hope to grow over the next few years
If we can be of any assistance with regards to payroll, pensions, or any other matter then please feel free to get in touch.
We wish you and your family a Merry Christmas and a Happy New Year.
Kind regards
