Why should businesses get help with auto-enrolment & workplace pensions?
Running a business means keeping on top of many key tasks, including staying in line with the latest Government guidance and schemes. One of the more recent examples of this is are workplace pensions and auto-enrolment. This saw UK businesses having to automatically enrol staff who were over 22 and earned more than £10,000 in a tax year onto a workplace pension scheme. In addition, employers had to contribute towards the employees' pension payments, as well as the member of staff paying a minimum percentage too. Some businesses have tried to deal with workplace pension schemes alone, but this is not always the best idea. But why should companies think about getting external help in this area?
It saves valuable working time
There is no doubt that the extra admin work auto-enrolment & workplace pension schemes have delivered is an issue. This extra admin requirement is valuable time staff could be spending on their core work. Rather than see this time lost or expect staff to cram too much into their day, it makes sense to get expert help. This sees the extra admin work outsourced to professional companies with the time to handle it.
There's no need to keep up with changing guidance
For any business owner, trying to keep tabs on auto-enrolment/workplace pension legislation, which changes frequently, is a nightmare. It not only puts an extra job on your busy to-do list but also brings lots of hassle. This involves everything from finding information you can trust about changes to reading through them all. Getting help with workplace pension/auto-enrolment removes all this hassle.
No mistakes made
Even if you do have the time to handle auto-enrolment & workplace pension jobs yourself and can keep up with changing legislation, you might not be an expert on working to the latest guidance. If you interpret guidance incorrectly, it could prove costly and a pain to fix. By getting professional help with this task though, you can be confident no mistakes will be made.
Auto-enrolment & workplace pension help from Taxcare Accountancy
At Taxcare Accountancy, our professional team can deliver expert help with workplace pensions and auto-enrolment. This ensures your company is compliant with the Pensions Regulator without the hassle of doing it all yourself! Get in touch at info@taxcareaccountancy.co.uk for more details.