Sep 2017
5
Businesses need payroll software to be prepared for the future
PAYE Modernisation / Real Time Reporting
With PAYE Modernisation / Real Time Reporting (RTR) arriving sooner than you think, if you process your payroll manually or if you are unhappy with your current system, there is no time like the present to change.
From January 2019, the option to provide annual reports to Revenue will no longer be available to employers. Instead, employers will be required to submit their payroll data on a “pay period” basis throughout the payroll year. This is known as PAYE modernisation. Employers will need to have certain facilities in place to process PAYE modernisation.
BrightPay is working closely with Revenue to ensure we have the functionality required to keep customers up-to-date with all the PAYE Modernisation legislative changes. With our UK version of BrightPay, we have acquired the knowledge and experience needed for a smooth transition in January 2019.
Free PAYE Modernisation Webinar
PAYE Modernisation is probably the biggest overhaul of the PAYE system since PAYE itself was introduced back in 1960. It will have wide ranging effects on all employers and on all bureau payroll providers. Join BrightPay plus guest speaker, Sinead Sweeney from Revenue for a free webinar to learn how PAYE Modernisation will affect your business.
General Data Protection Regulation (GDPR)
Another legislative change arriving in less than a year is the General Data Protection Regulation (GDPR). This change is in relation to data protection, and it will substantially change how companies manage their data. In relation to payroll, this legislative change will mean all employers must ensure that their payroll information is securely stored within their payroll software. Unfortunately for many employers, using an Excel spreadsheet or another alternative manual method to store payroll information will no longer be compliant with GDPR regulations.
Our new add-on, BrightPay Connect provides an automated, secure and user-friendly way to save and restore payroll data to and from the cloud. This will enable employers to securely store their payroll information in the cloud, and as a result comply with their new data protection duties. BrightPay Connect also provides a web/mobile based self-service portal for both employers and their employees. Employees can access their private payroll data at any time in order to view payslips, request annual leave and update their personal details. Once leave is approved by the employer, it will then synchronise back into BrightPay payroll on the employer’s PC. This will keep your payroll data safe and streamline your payroll communications.
GDPR Webinar for Payroll Bureaus
Payroll bureaus process large amounts of personal data, not least in relation to their customers, their customers’ employees, and their own employees. Consequently, the GDPR will impact most if not all areas of the business and the impact it will have cannot be overstated.
Related articles:
- Revenue moves to PAYE Modernisation
- What you need to know about PAYE modernisation?
- What is BrightPay Connect?
- GDPR - What businesses need to know
