The Method of Payroll Accounting selected should be the simplest solution for your business and one that meets all of the necessary legal criteria and provides information on the costs to the employer and individual costs for the employee
Gross and net costs for the employee – all tax and NI liabilities – Pension deductions and acruments – payments collected by the employer and paid to HMRC
New BACS payment systems
Technical changes and upgrades to the BACS payment systems are scheduled to commence shortly and it has been predicted that many businesses will be unable to manage these changes in time causing widescale failure of the payments system throughout the UK
Businesses must update their IT protocols accordingly from the current SSLA 1 to SHA-2 SSL certificates which is a new and higher level of IT security, failure to do so wil result in payment transactions not made.
This is a very serious issue as No Wage Payments ? would be a tragedy to any business and it’s employees
We can make the changes for you and prevent any disruption for the business and it’s employees.
We can also provide a secure BACS backup system to ensure that information does not get lost