New Tax Year: Time To Take Your Payroll Into The Cloud
Written by:
The turn of a new tax year is the perfect time to refresh your accounting processes. With electronic VAT submissions now a legal requirement, your payroll will also benefit from digitalisation.
Here, we detail the advantages of taking your payroll into the cloud, as well as the very best features of this valuable software.
Running your payroll in this way means there’s no installation or registration involved. You’re also saved the requirement for things such as a disaster recovery licence. On top of this, it’s cost-effective at only £7 a month for five employees.
Efficiency is boosted too. This is because of the automation the features provide, along with the time saved due to avoiding the loss of data. Cloud software securely backs up information, and you can access it anywhere. You can complete payroll quickly and easily from any location.
We make payroll straightforward too. Our tool works out the necessary sums, including deductions. Payslips can be produced with automatic calculations of any of the following:
On top of calculations, our payroll software deals with pensions too. Not only does it manage the auto enrolment process, including criteria assessment, but it also provides data to your pension provider.
Payslips can also be printed via the software in a format that ensures security. They can even be reprinted if required or emailed to staff. If you have any employees who are leaving, then our software can enable you to print P45 forms too.
Our tool doesn’t neglect to tell HMRC the relevant information either. Online submissions are made to HMRC with the RTI full payment details. This means they will always be up to date, and you can guarantee compliance.
Liquid Payroll also automatically communicates with HMRC to retrieve employee notices from them, including the following:
The software is able to support all the different payroll cycles too:
One of the very best features of our payroll tool is that it integrates with the Liquid Accounts software. Therefore, there is no need to re-enter information, as it logs a total salary paid figure to Liquid Accounts.
Ready to digitalise your payroll? Liquid Payroll you’ll be able to scale it up as you grow. Whilst the £7 monthly package is there for five employees, you can easily add new staff members.
With an effective solution like Liquid Payroll in place, you’ll be able to streamline your systems and take your business to the next level. To find out more, give our team a call today on 0161 413 5050 or email info@liquidaccounts.com.