Archive for February, 2012

Benefits and Tax Compliance

header-p11d

The end of the tax year is rapidly approaching, and with that comes the need to start delivering information back to HMRC. One process that is often ignored until it is too late is that of reporting employee’s benefits in kind – the P11D. The completion of P11Ds is often a lengthy and complex chore, involving exporting data, manipulating spread-sheets, filling in forms and double checking data over and over. In many organisations it might also include a lot of printing, collating and stuffing of envelopes!

For tax reasons, HMRC needs to know if any employees are receiving expenses or benefits as well as pay over £8,500. You can find out how to meet the requirements on HMRC’s website here.

There is of course, an easier way. Our P11D Organiser is the most powerful and intelligent benefits and expenses package on the market. Powerful import routines can validate and import all your other benefit data, and then the P11D Organiser can do the rest. Benefit statements and P11Ds can be e-mailed direct to connected employees, significantly cutting down time and resource requirements, filing to HMRC is electronic, ensuring the whole process is fast and accurate, and everything is controlled through an icon-driven interface that makes the software intuitive and memorable.

If you’d like to find out more, contact us and we’d be happy to help.

 

The Three HR Software Trends Taking Off

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The human resources, payroll and talent management market is worth $15 billion and it’s starting to change. Instead of these requirements being managed in-house with expensive infrastructure, companies are moving to cloud based options, Software as a Service is becoming more and more popular.

With this shift comes a more integrated outlook, instead of a disparate range of different systems designed to solve their own small issues, people are looking for a single solution. From managing recruitment to training management and workforce planning.

Thirdly, these offerings being served through the cloud mean that Ciphr can offer solutions without huge investment and with a modular product based solution that meets all the needs of the future whilst integrating current HR needs.

Every business that has employees and pays wages needs some sort of management solution, as that solution becomes more accessible and complete, the time for cloud, is now.