BENNETT VERBY PAYROLL SERVICES SEE ORGANIC GROWTH

Bennett Verby Payroll Services have seen over a 30% increase in clients over the last 9 months as a result of organic growth at the practice and the introduction of RTI and Auto-enrolment.

Mel Esson, Payroll Manager at Bennett Verby believes that business owners are outsourcing their Payroll as it allows the business to be more efficient and save money:

“There is no need to purchase additional payroll software or invest in additional time or staffing. Our payroll team are highly skilled at what they do and we take the stress and administrative burden away from the business owner.”

With RTI employers had to submit PAYE information to HMRC each time they paid their employees. Now with the introduction of Auto-enrolment employers will need to produce opt in and opt out reports, keep records of the contributions paid and when. Employers will need to assess new starters, as well as monitor the ages and earnings of their employees.

With Auto-Enrolment for companies with less than 250 employees now in progress, it has been predicted that between now and 2018, over 1 million companies will be staging.

Bernard Verby, CEO, commented:

“Our Payroll Services are just one example of how Bennett Verby are enabling clients to respond to the new Pension Reforms. We have experts in Wealth Management that are providing guidance on pension schemes and we are encouraging business owners to use this opportunity review both their personal and business financial planning. Proposed changes to IHT and the new flexible pensions will have a positive impact on individuals however some business owners remain concerned about the financial implications of Auto-enrolment. We have found that we are able to reduce those concerns when working with them.”