As you’ll be aware, RTI stands for Real Time Information. It’s a new system for submitting payroll information to HMRC. Under RTI, businesses will be required to submit payroll information every time they pay employees. RTI replaces in year forms and year-end payroll returns.
What does RTI mean for you?
RTI is generating a lot of fear and uncertainty among businesses. It is a major upheaval in payroll processes, but as an accountant, regulatory change should be your bread and butter.
Neither you or your clients should lose sleep over the issue, but you should be in a position to bring comfort to your clients and advise them on the best way forward. This Intuit briefing is designed to help you:
- Understand what’s involved in RTI
- Get clients to understand the issues
- Ensure clients are organised to tackle the e-filing and data quality requirements in good time
- Make sure clients have payroll software in place to handle the task
The guide includes a checklist to help both you and your clients track preparations to ensure a smooth transition to RTI.
Download the guide now and please let us have your feedback!