Yes, It’s that time of the year again: payroll year end.
You’ve probably just completed your payroll year end – would you like to simplify it for next year?
Come the 19th of April you are required to submit your final submissions to HMRC both full payment submission (FPS) and employer payment summary (EPS).
Being prepared in advance helps eliminate your pain and makes payroll year end far simpler.
We can break our preparation into 9 simple tips broken into three sections. These sections are as follows:
Before the last payroll run.
After the last payroll run and before the year end.
After the year end, before the first payroll run of the new year
Now let’s look at our tips by section: