Payroll and RTI Returns Services
RTI (Real Time Information) is the biggest change to payroll since PAYE (Pay As You Earn) was introduced in 1944. It affects any business running a PAYE scheme for its employees and directors. BridgePoint payroll returns services are designed to help businesses outsource their complete payroll requirements to us.
With introduction of RTI employers are required to submit records electronically to HM Revenue & Customs (HMRC) each time a payroll is run (weekly, monthly or quarterly), instead of annually at year-end.
Why RTI PAYE system was introduced?
RTI (Real Time Information) paye process was introduced to simplify the PAYE process making it easier for HMRC and employers.
- To assist with the introduction of Universal Credits
- To streamline the employee starter and leaver process for employers
- To reduce the likelihood of over or under payments and allow any errors to be responded to more efficiently
- To provide the Department for Work and Pensions with accurate records about each individual’s employment income, reducing the possibility for fraud
Why let BridgePoint Accountants handle your Payroll and RTI Returns?
Payroll services can easily be separated from your other accounting services. Our dedicated team of payroll and RTI specialists has all the skills and knowledge to take payroll administration tasks from you leaving you only to focus on your core business activities. Outsourcing your payroll and RTI returns to our accountants in Birmingham saves you time and money.
To find out how BridgePoint Accountants in Birmingham can assist your company with RTI and payroll, please contact us to book a free consultation. If you wish to speak to us about our payroll services give our accounting team in Birmingham a call on 0121 231 7080.