Free Payroll Product for Small Business Owners! Monday 15 February 2010 PDF Print •IRIS Payroll Basics helps small business owners to manage HMRC payroll requirements London, UK, 15th February 2010: IRIS, one of the UK's largest suppliers of payroll software and the largest privately owned UK software business today announced the launch of its new free IRIS Payroll Basics solution in association with HMRC. Recent changes in UK law mean that from May 2010 all employers regardless of the number of employees within the organisation are required to file their employer annual return online. IRIS Payroll Basics is a robust free payroll solution specifically designed to help organisations with less than 10 employees adhere to the new HM Revenue and Customs legislation for online year-end filing. IRIS Payroll Basics is incredibly easy to use and removes the need to enter data more than once cutting down on valuable administration time and the risk of errors. This is welcome news for small business owners with up to 9 employees who from the fiscal tax year-end 2009/2010, will be required to file their P35 and P14 year-end tax and national insurance documents online. Surprisingly over 350,000 small businesses opted to submit paper copies when filing their PAYE returns with HMRC for the 2008/2009 tax year and any businesses who fail to submit correctly online this year will face hefty penalties. This new legislation creates a challenge for those organisations who currently do not have a payroll product as they will need to submit their figures manually online through the HMRC website. This is a lengthy and error prone process, requiring a company to set up their details for each person on the database provided by HMRC and then manually type in their final year figures. Oliver Shaw, MD of IRIS Business Software Ltd, comments, “This change in legislation means that many smaller businesses are facing a big risk and a significant increase in the costs of administration. Small businesses tend to have limited payroll knowledge and this can lead to filing errors for which there are stiff penalties. Not only is our solution completely free but it gives smaller employers the opportunity to work with a payroll specialist that already supports over 30,000 UK businesses from small traders to big high street names, with over 2.5 million P14s filed online with our software last year. IRIS has a history of helping small businesses manage the risks of non-compliance and the costs of administration through a range of small business, HR and payroll software solutions.” “We are delighted to have the opportunity to work with HMRC on this project to help UK small businesses through the complex and costly maze of red tape by offering a simple, reliable and compliant solution. 1 in 10 UK employees are paid using IRIS software and we offer a range of solutions that can continue to meet a small business’ needs as it grows.” “There are many benefits for businesses of filing online and IRIS Payroll Basics is designed with this in mind; it saves you time and money; it is more secure, convenient and reduces administration mistakes and misinterpretations, plus it’s quick and easy and helps to tick the green box as it encourages a paperless office.” IRIS Payroll Basics is a desktop application that also allows businesses to pay their employees accurately and on time, safe in the knowledge that they are complying with all the latest legislation. Key features of the product also include: •Year-end and In-year filing capability •Payslip Printing •Statutory Payments and Deductions •Employee details •Statutory reports e.g. P45s •A range of online help and telephone support is also offered. From 15th February 2010 HMRC will send out its Employers bulletin to all PAYE registered companies in the UK. Included in this pack will be the employers CD and details of the changes. IRIS Payroll Basics can be downloaded by clicking on the link supplied on the CD or typed in using the website address on the bulletin. For more information about HMRC Online Services please call 0845 6055 999. For more information about IRIS and its range of payroll products please visit www.iris.co.uk/payroll or call 0844 815 5700. - ENDS - Notes to editors: About IRIS SME Solutions: With 1 in 10 UK employees paid via IRIS payroll software and over 33,000 small and medium sized business customers, IRIS is the 2nd largest provider of payroll, HR and bookkeeping software in the UK. Our aim is to help our customers simplify the practice of running their business. We keep them up to date with changing HMRC legislation, best practice guidelines, provide HR & legal assistance and free business advice, all so that they can concentrate on effectively growing their business. With the goal to ‘make it easy’ for our customers, our software is user-friendly and many products can be used without prior experience or training. Unlike other suppliers, we provide unlimited online and helpdesk support and every customer receives software updates as they are released. We also provide tailored stationery, such as payslips and payroll forms, which are designed to work hand-in-hand with our software; eliminating print issues. With over 140 specialist staff in the UK dedicated to servicing the needs of our customers, we pride ourselves on providing the highest levels of customer service, evidenced by 95% annual customer retention, amongst the highest in our industry. As an organisation, the IRIS values are: Customer focus, Honesty & integrity, Innovation, Passion and Service excellence. Corporate info IRIS - The Sector Specialist With over 60,000 business customers, revenues of over £120m and more than 30 years experience, IRIS is the UK’s largest private software house with a wide range of specialist solutions. Our mission is to ’combine technology with deep sector knowledge to significantly improve business efficiency and performance.’ IRIS is a market leading provider to: accountancy practices, law firms, not-for-profit organisations, coroners, architects, distributors, field service businesses, education, healthcare & sports clubs. Our specialist solutions for a wide range of businesses also include: practice management, payroll, HR, accounting, financial management, compliance, ERP, CRM, ticketing, training/learning management, software asset management & application modernisation. Our aim is to help our customers improve their business performance through efficiency gains, increase income through better use of data and provide better customer service thus increasing retention and referral of customers and clients. In a world of faceless organisations, IRIS prides itself on its personal and tailored approach to customer service, evidenced by 95% annual customer retention, amongst the highest in our industry. As an organisation, the IRIS values are: Customer focus, Honesty & integrity, Innovation, Passion and Service excellence. For further information: Paula Elliott C8 Consulting Ltd for IRIS SME Solutions + 44 (0) 118 9001132 firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of C8 Consulting in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.