As you are probably aware, the auto-enrolment staging date for many local businesses is set to come into effect within the next 12 months. Within our client base 60 businesses will stage in this period, we already provide the payroll solution for the vast majority of these businesses and others are considering their position. It is extremely important to make sure you have the right measures in place in advance of your staging date.
Ideally, you should already be aware of the implication the new auto-enrolment scheme will have on your business and the effects it will have on payroll. Due to the complex changes that are set to occur in payroll it will become more time consuming and many businesses will be looking to outsource their payroll. This will ensure that the staff data is generated correctly. This data will include information on the contributions to the pension provider for staff, giving them an overview of their pension.
Evans Weir offer support and assistance to both existing and new clients in the preparation for auto enrolment staging dates. This support continues when the staging date comes into effect where we will be able to assist in the changes in payroll as well as oversee the management and admin associated with auto enrolment.
Regardless of who is undertaking the task of your business’ auto enrolment, costs will occur even if completed internally. This is largely because of the additional staff time needed to complete the task as well as understanding and processing the new payroll system. It is also important to consider that the staging dates for 3 million businesses is coming into effect in April of which it is estimated that some 700,000 use the HMRC website payroll tools. Due to the added load on the HMRC website make sure you register to use the tools promptly.
Contact Evans Weir and we will be delighted to discuss how we can help you and your business through the auto-enrolment process.