payroll software

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I currently use Moneysoft paye which I find very easy to set up and use. However with Auto Enrolment heading our way for most of us that complete payrolls for our clients Moneysoft does have its drawbacks and they do not have any plans for a better a fuller integration of Auto Enrolment. Without costing a fortune does anyone use a payroll that is as user friendly as Moneysoft but has a better future with possible cloud. I complete 7 weekly and 46 monthly payrolls of which one has 35 employees.

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By DMGbus
01st Oct 2014 08:52

Data Protection

I have no reason to to suspect that there's a problem with any particular third party, but accountants, employers and payroll bureau using third party services such as the above should ensure that the third party that they are considering using is properly registered with the data protection registrar.

A search (by name or postcode) can be made on the following page:

http://ico.org.uk/ESDWebPages/Search?EC=3&fieldpostcode=TQ12%208QA

 

 

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By Kazmc
01st Oct 2014 09:32

Am I missing something??

We currently use Sage and will be moving away from them to Moneysoft wef April 15.

We are offering all our clients a full AE service if they wish including all comms to employees.

We have decided that if the client does wish to use our services then we will only be using Now:Pensions.

Moneysoft offer basic AE which includes assessments each month, reports and downloads into Now:Pensions etc at no extra cost (With Sage you cannot even do the assessments without the expensive AE add-on)

Then Now:Pensions do all the comms for you at no cost (We have had a meeting with them)

Why use a third party?

Or am I really missing something glaringly obvious?

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Replying to davidbarry:
By xtraman88
01st Oct 2014 21:54

Now will only send comms to employees who are auto enrolled  please see extract from Now

we will send out all of the statutory communications (e.g. postponement and enrolment letters) and all of the pension communications once someone has become a member.  The only communications we don’t do are the pre-Staging communications.These are the most important.

All communications have to stored in the original format which Moneysoft cannot do.

You are not offering your clients an AE service if you are only using NOW,Money soft will work with NEST and Peoples Pension you need to offer your clients a choice all of them send out comms to new joiner

You will need to change your PI insurance to cover the administration duties that you will perform.

​Third party software is normally billed directly to the client

Offering a full AE service to clients is fine but audit trails and monitoring contributions against the regulatory minima are duties that need to be handled by software.

Things will change by 2015 more products will come to market and hopefully make the payroll professionals lives easier.

 

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Replying to daniel_:
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By chatman
02nd Oct 2014 08:10

Unsubstantiated Claims by IFAs
AWeb seems to have a problem with IFAs who are short of work posting big scare stories and unsubstantiated claims about AE in the hope of gaining more work.

Xtraman88 - Do you have anything to support your claims that "You are not offering your clients an AE service if you are only using NOW" and "You will need to change your PI insurance to cover the administration duties that you will perform"?

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Replying to SouthCoastAcc:
By xtraman88
02nd Oct 2014 09:42

Factual

chatman wrote:
AWeb seems to have a problem with IFAs who are short of work posting big scare stories and unsubstantiated claims about AE in the hope of gaining more work. Xtraman88 - Do you have anything to support your claims that "You are not offering your clients an AE service if you are only using NOW" and "You will need to change your PI insurance to cover the administration duties that you will perform"?

My post about PI insurance is factual The ICB & ICAEW compliance departments are looking at what cover their members will need to carry out any administration,and below is a link to Hiscox PI for ICA/ACCA Members its not a scare tactic, it was brought up at meeting I attended and I wanted to share it with the accountancy world.

http://www.hiscox.co.uk/shared-documents/Professional-Indemnity-Insuranc...

Page 2 Item 3

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Replying to Kaylee100:
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By Kazmc
02nd Oct 2014 10:34

Single Pension

xtraman88 wrote:

chatman wrote:
AWeb seems to have a problem with IFAs who are short of work posting big scare stories and unsubstantiated claims about AE in the hope of gaining more work. Xtraman88 - Do you have anything to support your claims that "You are not offering your clients an AE service if you are only using NOW" and "You will need to change your PI insurance to cover the administration duties that you will perform"?

My post about PI insurance is factual The ICB & ICAEW compliance departments are looking at what cover their members will need to carry out any administration,and below is a link to Hiscox PI for ICA/ACCA Members its not a scare tactic, it was brought up at meeting I attended and I wanted to share it with the accountancy world.

http://www.hiscox.co.uk/shared-documents/Professional-Indemnity-Insuranc...

Page 2 Item 3

 

How about the question regarding only offering Now:Pensions being a problem? Are you saying we cannot do this?

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Replying to Kaylee100:
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By chatman
02nd Oct 2014 10:43

Evidence needs to be relevant or it is not really evidence.

xtraman88 wrote:

chatman wrote:
AWeb seems to have a problem with IFAs who are short of work posting big scare stories and unsubstantiated claims about AE in the hope of gaining more work. Xtraman88 - Do you have anything to support your claims that "You are not offering your clients an AE service if you are only using NOW" and "You will need to change your PI insurance to cover the administration duties that you will perform"?

My post about PI insurance is factual The ICB & ICAEW compliance departments are looking at what cover their members will need to carry out any administration,and below is a link to Hiscox PI for ICA/ACCA Members its not a scare tactic, it was brought up at meeting I attended and I wanted to share it with the accountancy world.

http://www.hiscox.co.uk/shared-documents/Professional-Indemnity-Insuranc...

Page 2 Item 3

This argument is debunked here https://www.accountingweb.co.uk/anyanswers/question/desparate-ifas-and-a...

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Replying to daniel_:
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By Kazmc
02nd Oct 2014 08:53

Why?

xtraman88 wrote:

You are not offering your clients an AE service if you are only using NOW,

Many thanks for your reply.

Why can we not only offer Now:Pensions?

We will advise the clients that this is who we have chosen to go with and then they have to make the decision as to whether to use our services or do it themselves. Why do we have to offer Peoples and Nest too? And on that basis shouldn't we be saying we will process AE for you and you can choose any pension company you like? 

 

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Replying to JimLittle:
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By chatman
02nd Oct 2014 08:57

Pity the poor IFAs

Kazmc wrote:

xtraman88 wrote:

You are not offering your clients an AE service if you are only using NOW,

Many thanks for your reply.

Why can we not only offer Now:Pensions?

We will advise the clients that this is who we have chosen to go with and then they have to make the decision as to whether to use our services or do it themselves. Why do we have to offer Peoples and Nest too? And on that basis shouldn't we be saying we will process AE for you and you can choose any pension company you like? 

 

Because if we all did that, how would xtraman88 make a living?

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