“We believe we have a great product and if emerging businesses get a helping hand in the early years, they might just stay with us when they get a bit bigger.”
(PRWEB UK) 4 April 2013
The managing director, Paul Byrne fca, attributes the increase in demand to being listed on HMRC’s website as Suppliers of Free Commercial PAYE Software. “This combined with many small employers now requiring software, because of the changes being rolled out from 6th April 2013, have led many employers to use our solution.” Byrne added.
From 6 April 2013 all employers (or their accountant, bookkeeper or payroll bureau) will need payroll software so that they can report PAYE information to HM Revenue & Customs (HMRC) in real time.
Employers can send their PAYE reports online using HM Revenue & Customs' free Basic PAYE Tools, which is designed for employers with nine or fewer employees, or by choosing a commercial payroll software product.
A large number of employers are opting for unpaid commercial software over the HMRC product. In order to achieve a listing on the HMRC website, products are tested and recognised by HMRC as being able to perform RTI submissions under the various RTI headings. HMRC also check to ensure that for a sample set of data related to PAYE tax, National Insurance contributions and statutory payments, the software has handled these correctly for the sample data provided.
“Our marketing strategy is quite simple.” Byrne stated “We believe we have a great product and if emerging businesses get a helping hand in the early years, they might just stay with us when they get a bit bigger.”
Thesaurus Software is not the only company adopting this marketing approach. There are several others listed on the HMRC website.
Thesaurus also operates a policy of providing free payroll software to registered charities, irrespective of their size.