Payroll Year End

350,000 Small Businesses Face Payroll Year End Issues

350,000 Small Businesses Face Payroll Year End Issues

As the April 5 deadline for Payroll Year End (PYE) approaches an estimated 350,000 small and medium sized businesses will experience submission issues, according to new research by accounting software group Sage. The survey, which featured 355 business owners, revealed that 27% of small and mid-sized business owners believe that PYE compliance has been made more confusing due to Auto Enrolment and Real Time Information (RTI) PAYE compliances. This, combined with the record number of start-ups registered last year (581,173), may result in more small businesses being penalised because of incorrect submission, with one in 50 having already faced fines in the past. According to the respondents, problems with PYE submissions could be avoided by using the right software, being organised and thro... »