For many decision makers and small business owners, industry changes can seem quite daunting. Having to change protocol and processes within the business can be a lot of work and many small business owners have little spare time to work these into day-to-day tasks. The team at Sage Exchange understand this, which is why they have put together a short guide to help decision makers get the ball rolling with two big changes to the way employees are paid – RTI and Auto Enrolment.
RTI should have already been set up for most UK businesses; it is essential that business are RTI compliant before October 2014 as that is when fines and penalties will begin for non-compliant companies. Following the setup of RTI, businesses should prepare for Auto Enrolment, even if you have yet to receive your staging date. Making sure you are aware of how Auto Enrolment and RTI both work, and how to implement them to your business is the first and foremost important step to making sure you are prepared.
Infographic by: sage-exchange
RTI should have already been set up for most UK businesses; it is essential that business are RTI compliant before October 2014 as that is when fines and penalties will begin for non-compliant companies. Following the setup of RTI, businesses should prepare for Auto Enrolment, even if you have yet to receive your staging date. Making sure you are aware of how Auto Enrolment and RTI both work, and how to implement them to your business is the first and foremost important step to making sure you are prepared.
Infographic by: sage-exchange