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Real Time Information (RTI) – Is your business ready?

It is now only two months until HM Revenue & Customs (HMRC) will require all employers to start reporting PAYE information in real time. This is called “Real Time Information” (RTI) and is required from 6 April 2013.

Despite any challenges HMRC may be having setting up their systems, we as employers will still be expected to:

It is vital that, as an employer, you ensure that you, or your accountant, have an appropriate payroll package that will send the information to HMRC as the payroll is processed.  (If you need assistance from a reliable, local accountant, give us a call on 0161 438 8555 and we will put you in touch with one).

HMRC says that this will improve its PAYE operation and eliminate the incorrect or incomplete information that it receives every year.

An important difference to businesses is that HMRC will now have monthly information regarding your company’s PAYE liabilities and payments.  It will become aware of arrears building up as it happens and will be able to deal promptly with any non-payment or under-payment.

Ensuring that your business has access to sufficient working capital and so is able to make payments to HMRC when due, is going to be even more vital.

Solutions such as Invoice Finance can be among the most effective way of providing a cash injection into your business.


The benefits of Invoice Finance are 

With a wealth of experience in the industry we offer innovative financial solutions to businesses and, being independent, we can search the entire marketplace to ensure that you have access to the best deals,tailored to suit your requirements.

Why not call us for a no-charge, no-obligation chat about the options that are available and how these can help your business progress?

Contact

Ian Jones (Head of Business Development) on 0161 438 8555 or 07801 858737, or

Stephen Devonport (Business Development Manager) on 0161 438 8555

OR

email us at enquiries@factoringandinvoicediscounting.co.uk


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