PAYE THE COMPUPAYE WAY VIDEO LAUNCH

On the advent of the new financial year, “PAYE The Compupaye Way,” a new state of the art video with all the elements of a movie trailer, was launched.

 “We paid attention when HMRC hinted last autumn of changes to its banking arrangements,” said Maureen Gordon, MD of Compupaye Bureau. “We have now seen the first clear announcement of the new bank account details that will come into use when making monthly or quarterly payments to the Accounts Offices for 2009/10. This is one of the reasons why we felt now was the appropriate time to visually demonstrate the solutions we administer and how payroll is done at Compupaye.”

Also incorporated into their secure systems are plans for the new payroll-based pension savings scheme that is expected to be introduced in 2012. “That sounds a long way off,” said Maureen, “but the Pensions Act 2008 is already in place and we administer the NHS pensions for all out GP clients.”

The new ‘supertax’ is unlikely to affect Compupaye because the HMRC approved software we use will provide for an extra band to cover earnings above £150,000 when from 2010-11 there will be an additional higher rate of 50 per cent for taxable income above £150,000.

“We will have to account for when the personal allowances will be removed for those employees earning over £100,000,” adds Maureen. “Also the pensions tax relief for those earning more than £150,000 will gradually be tapered from 40 per cent to 20 per cent in the coming year. If you are worried about the NICs thresholds and limits, prompted by new Regulations that introduce the changes to the NICs recording requirement from April, read our free budget report.

Changes like these often bring in new clients so it would be worthwhile for small companies and GP practice managers to take a look at our new video if they want to develop a quick understanding of how the Compupaye Way can take away the hassles of payroll administration.”

If the new Budget has left you feeling out of your depth, then maybe it’s time for your tea break. Sit down, put your feet up and relax on the Compupaye website whilst you enjoy a three minute oasis on how the confusion of prescribed payroll procedures can be lifted from your shoulders. PAYE The Compupaye Way is light relief, so don’t forget the biscuits.

Editor’s Notes

Compupaye Customer Relationship Management Team (CRMT).

 Before handing over your payroll operations, small businesses need to consider:

• whether the service provider can tailor a suitable package
• whether they are experienced with your type and size of business
• whether they can supply payslips in a format suitable for your business
• if the service includes calculating and submitting annual returns
• the charge for setting up the payroll system
• the charge for administering the system
• the ability to pay your staff wages by bank transfer (Bacstel-IP)
• whether the fees include making all the types of deductions
• how easily scalable their service is (eg if you take on another employee)
• whether they provide customer support on payroll legislation
• whether they provide online payroll facilities
• what software they use, whether it is HM Revenue & Customs (HMRC) accredited, and if it is compatible with your own.

Compupaye is in its third year of Investors In People accreditation and is an AAT accredited employer.

This page was last updated 24/01/2010