The Stress-Free Way to Prepare For Auto Enrolment
Auto Enrolment (AE) promises to be one of the most complicated pieces of legislation small and medium sized businesses have ever encountered. Many view the administrative burden as formidable. Understandably, SMEs will be turning to accountants for help.
This presents accountants with a problem and an opportunity. The problem is that accountants will have to ensure that all relevant clients are ready for their Staging Date. That’s a lot of administration and communication to put into place. The opportunity is that many accountants may be able to provide these compliance activities as a new fee-earning service.
Thankfully, if you use the Auto Enrolment edition of Sage 50 Payroll you can easily and confidently handle all aspects of AE preparation; combined with the Pension Module you can also eliminate the on-going day to day administrative burden enabling you to provide a comprehensive AE service to our clients. The associated training will help accountants and their clients to understand how to manage all aspects of AE quickly and easily.
Automate the AE process
Combining The Pension Module with Sage 50 Payroll enables accountants and their clients to automate significant amount of the new responsibilities demanded by the AE legislation. Three key examples are:
• Automatically assess the workforce against legally defined categories. The software will assign workers to the correct category and can manage postponements, opt-ins and opt-outs.
• Create pension data files and payment schedules to pension providers whilst maintaining records at an individual level.
• Generate communications to workers with information that’s specific to the individual. Communications produced, in printed or email format, with copies associated to the individual’s record.
The software also provides built-in tools that accountants and their clients will find really valuable. Once the Staging Date is set on the software, it drives an action plan specific to each client. You can factor-in pay rises, undertake cost forecasts and run numerous reports for just about every aspect of a client’s AE requirements.
The easy way to prepare for Auto Enrolment
Early planning for AE is the key to success. Sage 50 Payroll with The Pension Module provides the software to manage the process end to end. But accountants will also want to ensure that they, and their clients, are fully aware of the compliance requirements and can confidently use the software.
Sage has developed a comprehensive programme of tailored training to help. There are regional seminars and accountant guided seminars. Office based workshops on your site are also available. Additionally, online e-learning options exist for those who need full flexibility in how and when they can learn about Auto Enrolment. And, as with all Sage products, registered users can call upon the award winning service support teams based in the UK whenever the need arises.
Act now to maximise planning time
When developing your strategy and business case for accommodating Auto Enrolment, you’ll soon find that adopting Sage 50 Payroll with The Pensions Module offers better benefit than simply employing additional staff. To find out about the latest AE offers from Sage, or to book a place on an AE seminar, call 0800 092 8091 or follow this link to the Sage 50 website.