Today’s guest post comes from Claire Meredith of Zest Payroll Solutions…
The biggest change in PAYE reporting in almost 60 years will come into effect in April 2013.
At the moment, HMRC are only informed at the end of the tax year of an individual’s earnings and the deductions that were made over the year via their Employer’s end of year return.
From April 2013, Employers will be required to submit a report to HMRC of the payments and deductions made to their Employees before or at the time of making the payment to the Employee. Real Time Information (RTI) will replace the annual returns that Employers are currently required to submit at the end of the tax year (the P35s and P14s).
What is RTI?
Continue reading “If you have PAYE or employees, you need to read this now…”
Tell us a little about your business
Zest Payroll Solutions provides monthly payroll services to businesses, charities and parents who employ nannies. I take care of all the calculations, payslips, payroll reports and the HMRC requirements (apart from paying them!).
What was your job before starting your business?
I was a Payroll Administrator in a Payroll Bureau for a large firm of Accountants doing the exact same thing!
How did you go from your old career to your new business?
I knew I didn’t want to go back to work before I’d even had my eldest son! I’d been making plans to start my own business while I was still working. I gave in my notice at the end of my maternity leave and started my business a month later. Continue reading “I started a business with a baby: Claire Meredith of Zest Payroll”