Accountants: Are You Ready for Auto Enrolment?
Let us be your Payroll and Auto Enrolment (AE) Administration Department.
Up to 500,000 small and micro employers are due to stage in 2016.
The Pension Regulator has already issued nearly fifteen hundred £400 fines, during the period October to December 2015. The Regulator issued the following statement:
“Our research shows that most employers want to do the right thing by their staff but that smaller employers are more likely to leave things to the last minute. They therefore need a “nudge” to encourage them to meet their duties.
A minority still don’t comply after receiving a notice of non-compliance, but many do after receiving a fixed penalty of £400. As we deal with smaller employers, it is expected there will be more who, despite the message to prepare early, leave it too late or don’t act at all. We take this very seriously….”
The Regulator states the main reasons for failure to comply is that the employer (your client) felt that their advisor should have known to complete the information on their behalf. Statistics suggest that more than 75% of these employers will ask their accountant for help – that will be you!!
At PCL we have invested in training and integrated payroll and AE software so that you don’t have to, freeing up your employees to work on higher fee earning work.
You have the option to ‘white label’ our service with your company logo and colours or we can become your strategic partners working openly with you and your clients. We offer you a bespoke service; by meeting you and finding out about your company we can work together to provide the best possible service.
To find out more about outsourcing your payroll and AE administration to us then please call or email Rachel on the contact numbers below.