2016-03-11 00:00:00News and UpdatesEnglishIs peace of mind possible at the end of the tax year? We think so. Find out how with Intuit Quickbooks and some of the tools availablehttps://quickbooks.intuit.com/uk/resources/uk_qrc/uploads/2017/01/build-qb.jpghttps://quickbooks.intuit.com/uk/resources/news-and-updates/get-peace-of-mind-at-tax-year-end-with-quickbooks/Get peace of mind at tax year end with QuickBooks

Get peace of mind at tax year end with QuickBooks

2 min read

Peace of mind at the beginning of tax year? It might sound impossible, but QuickBooks ensures that you can manage your workplace pensions and run payroll – anytime, anywhere.

As the double whammy of a new tax year and the ongoing process of automatic enrolment approaches for small businesses, you could be forgiven for thinking that multiple systems would be needed to manage your payroll, workplace pensions, as well as your finances, all in one place.

Payroll

Running Payroll doesn’t have to be stressful. To make sure it’s as seamless as possible, we’ve created a fully compliant solution linked directly to HMRC.

Simply enter the hours worked by your staff and QuickBooks is able to instantly calculate their PAYE and National Insurance and subsequently work out if they qualify for Auto-enrolment.

Creating and processing the mandatory employee forms such as P60s, when you need them is another feature that QuickBooks offers. This is especially helpful when your workforce grows.

Payroll

Sign in and access Payroll

Auto-enrolment

With Auto-enrolment (the process of all UK businesses being obligated to provide their staff with a pension) starting to affect small and medium sized businesses, you’re able to:

  • Assess your workforce: There’s a good chance that not everyone is eligible for a pension in your business. QuickBooks makes it simple to show who you’ll need to enroll in a pension scheme
  • Create employee communications: QuickBooks offers you templates to develop notices to your staff, informing them Auto-enrolment and how it impacts them
  • Manage employee contributions: QuickBooks can calculate exactly what the financial impact of providing workplace pensions to your staff will be

What’s more, we’ve ensured that our product is fully compliant with Auto-enrolment legislation and directly linked to HMRC. Payroll World has also recognized our solution as “Payroll Software of the Year” in 2015.

Auto-enrolment

 

Sign in and turn on Auto-enrolment

VAT

Filing your VAT return online is simple with QuickBooks – it tracks all of the information you need to complete the tax year. Whether you’re working to different VAT schemes and rates, or you need confidence in calculating VAT correctly with international transactions, QuickBooks does it for you in minutes.

Knowing exactly where you stand becomes second nature, as QuickBooks keeps a running total of what you owe to the HMRC – or what they owe to you. This is available to you anywhere, at any time, all in one place. Guesswork and manual calculations are a thing of the past with QuickBooks – accurate reports and instant insight are only a few taps away.

VAT

Sign into QuickBooks and turn on VAT

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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