Covid-19 (Coronavirus) Update

Coronavirus is having a huge impact on all sectors of business. Despite this, businesses are still having to manage their books, file VAT returns, run payrolls and most importantly their credit control processes. TFMC is continuing to provide our full range of services through this difficult time. For the latest information and support visit our Blog section or use our app with regular updates sent direct to your phone.

AUTO-ENROLMENT HIGH WYCOMBE

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The Financial Management Centre in High Wycombe offers a reliable auto enrolment service that reduces costs and risk whilst saving you a massive amount of time.

By 2018, the vast majority of UK businesses will be obliged to enrol eligible employees into a ‘workplace pension scheme.’

A failure to do so results in a hefty fine handed down by the omnipotent Pensions Regulator.

Engaging our auto enrolment service ensures you do not fall foul of rules designed to punish businesses who fail to comply with their auto enrolment obligations.

 

 

WHO MUST COMPLY WITH AUTO-ENROLMENT?

The vast majority of UK businesses must comply with auto enrolment. Whether you employ a thousand or just one employee, it’s likely your auto enrolment obligation is due to kick in sometime this year.

Indeed, many large businesses have to grapple with auto enrolment since 2012. The date you must begin to set up auto enrolment for eligible employees is known as your ‘staging date’.

 

HOW MUST I COMPLY?

Unfortunately, the rules governing auto-enrolment are complex. First, you must determine whether each employee is or is not eligible for automatic pension contributions. Rules governing an employee’s edibility are themselves complicated.

An employee who is not eligible this month may well become eligible when you next exercise your payroll. This is because eligibility is governed by employees’ age, earnings and number of hours worked in a given week.

These factors are subject to fluctuation. If you are not aware of these changes, it’s likely you will breach your obligations in this area. Getting auto-enrolment wrong often results in the imposition of a fine handed down by the Pensions Authority.

Thus, auto-enrolment imposes a hefty administrative burden on employers.

Fortunately, The Financial Management Centre is able to manage your auto enrolment obligations on your behalf.

We take care of all of auto enrolment’s tedious technical requirements. This includes initial setup, choosing an eligible pension provider, calculating employee and employer pension contributions and re-assessing employee eligibility each time your payroll is run.

We also administer all employee communications relating to auto enrolment on your behalf. This includes the administration of opt-out and opt-in notices.

 

GETTING HELP WITH AUTO-ENROLMENT IN HIGH WYCOMBE

Reduce your auto-enrolment risks by opting for The Financial Management Centre in High Wycombe today. Call our team of auto enrolment service providers on 01494 372043 or contact us through the website.

How can we help you

We recognise that not all businesses are the same and will be at different stages of their development. We offer a wide range of services to small-to-medium-sized businesses.

Startup

Finding the right accountant to help you look after the financial side of your new business is a key decision which could save you a lot of time and money.

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Sole Trader

Sole traders are independent business people with drive and ambition. It is important that you use a dedicated accountant who understands that.

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Limited Company

Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.

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Partnerships

Whether you are a small-to-medium-sized business or need a fully dedicated accountant to help meet the challenges faced by limited companies, we can help.

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Our Plans

All our packages are fully customisable and we offer a fixed price monthly payment schedule - no surprises! This gives you certainty and allows you to spread the cost across the year.

Essential

From

£75

Per month*

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Our essential package is suited to all businesses who are looking to ensure compliance with reporting requirements.

Professional

From

£300

Per month*

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Take away the burden of managing finances and start focusing more on your business by investing in our professional package

Ultimate

From

£750

Per month*

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Completely outsource your accounts whilst still maintaining a close eye on company performance with our ultimate package

* Fees vary depending on the size and need of the client business. Packages can be tailored so please contact us to discuss your requirements.