04
Aug

Real Time Information (RTI): A Year On

Last year, contractors were affected by the biggest change to payroll procedures in decades; Real Time Information (RTI). The new legislation meant that contractors would have to start filing payroll information online every month, and failing to do so would, like most things when it comes to paying the government, incur penalties.

Employers had to start sending information on the payments they made or were going to make through RTI payroll regardless of the amount of pay, P45s and P46s stopped being submitted to HMRC and simply retained by employers, P14s, P35 summaries and employers declarations stopped being submitted and employers had to start sending information about their employee’s salary and associated deductions before or at the same time the payment was made using Full Payment Submission (FPS).

If you are not up to date with RTI, speak with us today. At FW Accounting, we can assist with all your RTI queries.


Our Accountancy Packages

Choose from a choice of three fixed-fee packages, each one designed to suit how 'hands-on' you would like to be in the day-to-day administration of your company.

Standard Package

Provides all key Limited Company support services that an experienced contractor requires - ensuring low costs but leaves you with the responsibility of making all HMRC payments.

£95
+VAT/month Find out more >>

Standard Plus Package

All the benefits of our Standard Package plus Initial IR35 Contract Review, Annual Tax Planning Review and Second Shareholder Personal Tax Return.

£150
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Premier Package*

Our most popular service, 83% of our clients enjoy the all- inclusive support that this option provides. We take care of everything on your behalf – you won’t find a more complete service anywhere.

£200
+VAT/month Find out more >>