What is Copyright in Accounting?

Real Time Information (RTI) – FW Accounting are ready  February 15, 2013 – 08:30 am
Accounting Clerk Resume

From April 2013 there will be the biggest change to payroll procedures for over 60 years coming into force. Despite what you may have heard or read.. Real Time Information (RTI) will affect Contractors. It means that Contractors working through limited companies will be required to file payroll information online each month.

RTI will have an impact!

As a contractor you should consider this new legislation just as important as filing VAT returns online for instance. Once RTI begins, failure to submit your PAYE data to HMRC on time, may see you incurring penalties. Even if the salary or Director’s fee you take is relatively small, the payroll has to be compliant with RTI. Even if your business is dormant RTI returns must be provided.

Make sure you have the right support.

RTI may be a relatively painless transition if you have the right support in place. FW Accounting Contractors can relax .. We’re ready!! If you outsource management of your payroll, then you may feel that this is more someone else’s problem than yours. Wrong, as in so many other areas of running a your own company, it is ultimately your responsibility as Director to be RTI compliant, so make sure you are comfortable that your Accountant is working to ensure you are compliant come April 2013.

Source: FW Accounting

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