Chartered accountants to hold Spalding workshop

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Lincolnshire chartered accountant Moore Thompson is inviting business owners to a workshop on Real Time Information (RTI) – a radical change to payroll procedures being introduced from April.

RTI will require all employers to provide employee PAYE, National Insurance and Student Loan information to HMRC at point of payment every month and not just at year end as currently.

Despite being the biggest shake-up in the PAYE system since 1944, only one in three small businesses are aware of the changes.

Businesses need to start preparing now to ensure they have up-to-date payroll software, hold current and accurate employee data and that their software provider is ready.

That is why the team at Moore Thompson is holding the workshop at 4.30pm on January 23, at the South Holland Centre in Spalding.

Managing partner Mark Hildred said: “It is concerning that many small businesses are not aware when the RTI changes will take effect and how it will affect their businesses.

“The introduction of RTI will mean employers will need to take more time to submit employee information to HMRC.

“At the workshop our team of payroll experts will explain exactly what RTI means for businesses and what owners should be doing right now to avoid future penalties for reports provided late or in the wrong format.”

To book a place at the workshop contact Louise Hildred on 01775 711333.