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IRIS: Attention all Small Business Owners - IRIS publishes a guide to Online FilingStockton-on-Tees, Oct 29, 2009 (M2 PRESSWIRE via COMTEX) -- IRIS (www.IRIS.co.uk), one of the UK's largest suppliers of payroll software and the largest private UK software business, today announced the publication of a guideto HMRC requirements for online payroll filing for small businesses. From fiscal year end 2009/10 next April, HMRC will require all employers to file their P35 and P14 year-end tax and national insurance documents electronically. However, it seems likely that many businesses have still not prepared for this change. Oliver Shaw, MD of IRIS SME Solutions, said; "Until now organisations with fewer than 50 employees have been free to file their returns using a number of methods. Larger organisations have been compelled to file electronically since 2005; however, new regulations make electronic filing compulsorily for all businesses from the end of this fiscal year. We've created this guide to provide some practical, easy to understand help for small business owners so they can ensure they meet the new HMRC requirements." The P35 and P14 tax documents for around 50% of UK employees are submitted through EDI systems by large and public sector organisations: the average number of employees for these organisations is over 2400. Details for around 40% of employees are submitted using internet applications, but around 66% of organisations use this method - clearly with a smaller average number of employees of around 25.3. IRIS payroll software is currently used by 15% of UK businesses1 with an average of 12 employees. The 260,000 businesses (around 16% of UK employers) submitted P35s on paper at the end of the 2008/09 tax year - each with an average of 4 employees. Mr Shaw concluded, "We've written our guide in a way that we hope will be of wider use to small businesses. For example, as well as a description of how you might use IRIS software to help with your payroll and online filing, there are also sections on what computer hardware you need, and how you might consider expanding use of social media sites for marketing purposes. This is just one side-benefit that businesses could create by moving their payroll, NIC and Tax online." The IRIS guide to online filing - 'Attention all Small Business Owners!' - can be found at: www.iris.co.uk/paye2010 Information about IRIS payroll software can be found at: www.iris.co.uk/payroll Registration for the HMRC Online filing service can be found at:https://online.hmrc.gov.uk/registration ENDS About IRIS With over 60,000 business customers, revenues of cGBP120m 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 and sports clubs. Our specialist solutions for a wide range of businesses also include: practice management, payroll, HR, accounting, financial management, project 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 facelessorganisations, IRIS prides itself on its personal and tailored approach to customer service, evidenced by annual customer retention levels in excess of 90%, amongst the highest in our industry. As anorganisation, the IRIS values are: Customer focus, Honesty &integrity, Innovation, Passion and Service excellence. CONTACT: Christopher Webb Tel: +44 (0)7825 837 441 e-mail: [email protected] WWW: http://www.iris.co.uk ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. |