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Payroll now or pay a fine later – expert’s alert to businesses over living wage

Businesses across the county have been warned to check and update their payroll systems or risk a severe penalty.

The alert has come from Worcestershire IT and payroll specialist Susan Marlow who says the vast majority of businesses have yet to revise their systems despite the new national living wage sweeping into effect from 1st April.

Mrs Marlow, finance director at Kidderminster-based IT and software provider Minster Micro Computers, says employers will have “nowhere to hide” when the changes come into effect due to stringent minimum wage checks by HM Revenue and Customs.

Under the new rules, every employee aged 25 and over will be entitled to at least £7.20 per hour, a 50p per hour rise on the current rate.

Businesses failing to pay the increased rate could face a fine of £20,000 per worker – a message Mrs Marlow is pushing following a Department for Business, Innovation and Skills study that found 55 per cent of employers had yet to update their payroll accordingly.

She said: “Since the introduction of RTI legislation, there really is nowhere to hide for firms here in Worcestershire and with the new pay rules only a matter of weeks away, it’s vital they take steps to update their systems.

“Some businesses have complained the national living wage will put an additional burden on them but the law is here to stay. All the information that HMRC needs, including wages, dates of birth and National Insurance numbers, it already has.

“Even employers who are fully aware of the change and have budgeted for it have to take extra care to ensure their payroll system is updated and ready to pay the new rate from 1st April.”

Ms Marlow said companies had to make sure their software was capable of adjusting to the change.

She added: “Businesses shouldn’t assume their software or payroll bureau will advise or alert them. It’s an employer’s responsibility to ensure systems are ready otherwise they will face HMRC’s strict crackdown and hard financial penalties.”

Minster Micro Computers has more than 35 years’ experience in ERP and payroll systems and have ran numerous payroll-related seminars, including a focus on auto-enrolment and RTI. These sessions are run prior to the legislations coming in as part of their commitment to outstanding customer service.

Supporting a range of business sectors, the company is an accredited SAP Business One Partner and is a provider of Pegasus business software.

The Worcestershire firm supplies payroll software, training and implementation as well as IT support services.

Businesses looking for advice on updating their payroll systems in preparation for the 1st April changes can email susan.marlow@minstermicro.co.uk or telephone 01562 68211.

Made In The Midlands 2015 Exhibition

As you may be aware, exhibition season is well underway and Minster have been taking the opportunity to attend and exhibit at as many as possible in order to meet local, well-established companies.Minster Team At Exhibition

In less than a week (Thursday 14th May 2015) we will be exhibiting at the Made in the Midlands exhibition where we are a Gold Partner. Whilst you have to be a member of Made in the Midlands to exhibit, other companies can register to attend the event.

The 2015 exhibition is set to be MIMs (Made In The Midlands) biggest and best yet with a brand new location hosting over 150 of our members exhibiting and an expected 1,000 visitors.

The Made in the Midlands Exhibition is a full day event which brings together the very best of Midlands manufacturing & engineering services from across a wide variety of sectors, including Aerospace, Automotive, Rail, Marine, Medical and Oil & Gas.

MIMs annual exhibition provides the ideal platform for networking with a view to doing more business and meeting like-minded companies from across the Midlands region.

The day will also include a series of seminars hosted by our partners on a host of topics which affect Midlands manufacturers.

Again, we are very excited to be exhibiting at this event and would love to see you there!

If you are interested in attending the Made in the Midlands exhibition in Wolverhampton next week (Thursday 14th May), then please register for your tickets at: http://www.madeinthemidlands.com/events/15690601010

*Tickets are available at no cost to Manufacturers and members of Made in the Midlands, please see the Made In The Midlands website for further details.

The Expo And The Egg

Exhibition Easter Egg Prize

Exhibition Easter Egg Prize

We have had another CRACKING time at the Hereford and Worcester Chamber of Commerce expo this week.

Once again, it was held at the Three Counties Showground in Malvern on Wednesday 4th March 2015.

The exhibition focused on local companies coming together and using the opportunity to network and offer services to each other. We met so many local, well established companies that are right on our doorstep and also managed to have a catch up with some of our customers who were either exhibiting or visiting the event.

Being a Pegasus Partner, means we can offer the very best advice and support to those who are currently thinking about reviewing their payroll processes, and this time of year is the perfect opportunity to explain what is available within this marketplace, and also provide companies with additional knowledge about Minster and what we do to help businesses flourish – we aren’t just an IT support company, we’re a business partner offering a complete service.

Kendall Wadley - Winner Of Easter Egg Prize

Kendall Wadley – Winner Of Easter Egg Prize

As well as Payroll season, it’s also nearly Easter and what better way to celebrate this than an Easter Egg give-away!
After collecting visitors’ business cards throughout the event, our conclusion was that EVERYONE has a love of chocolate and to ensure transparency (yes – people attempted to bribe us once or twice for the Minster egg!) we picked a friendly, but random, person from the assembled crowd to draw the lucky winner at the end of the show.
Congratulations Kendall Wadley – the lucky winners of our giant Minster (Thornton’s) Easter egg!

We met so many great people and made some new friends and what a fantastic and positive event, one which we were proud to be a part of.

 

Minster Are The Cover Feature For Chamber of Commerce!

Chamber of CommerceMinster are proud to be the cover feature for the latest edition of Business Direction (Hereford and Worcestershire Chamber of Commerce bi-monthly magazine).

We were chosen for the cover feature due to our reputation of excellent service, quality and long-standing commitment to local businesses. We were given a series of questions to answer in order to highlight the importance of IT and how relevant it is to a companies growth.

Labelled as ‘Industry Leaders In IT Solutions’ , Nick and Susan Marlow answered questions such as ‘What are the main IT issues Minster deals with on a regular basis?’ and ‘Is legislation helping or hindering sector development?’, hoping to have given the readers more knowledge on how important it is to keep IT systems up to date and how a supportive IT company can help businesses.

Please feel free to click the link below, have a read and let us know what you think!

 

Pegasus promises Web Xchange will change the way you run your business- and we agree!

pegasus web xchange self-serviceWeb Xchange: From banking to shopping – entertainment to paying bills, most people now EXPECT to do almost EVERYTHING on their mobile device.

So, as the world of technology further develops and we now have the ability to do almost ANYTHING without leaving the house- we welcome Pegasus’s new module with open arms.

Web Xchange allows its Opera 3 users to log in from a range of mobile devices through web browsers (such as Internet Explorer, Google Chrome, Safari, Mozilla Firefox etc.) and use a set of services to allow employees to access the data anywhere, anytime.

One of the major benefits of this module is that it includes Payroll Self Service. This allows an employee to have instant, secure access to their personal data- including payslips, bank account information, absence details and holiday entitlement. Whilst empowering the employee, it also aids the way your business and HR department are run.

Acting as a Payroll Administrator, it will assist in keeping employee requests and details up to date- relieving the HR department of hours of administration work and allowing them to keep on top of important legislation and focussing on their day to day duties. Furthermore, it will eliminate the postage and printing costs for payslips and allow this time to be used in a more efficient way for the company.

To confirm, the employee doesn’t have to be a ‘user’ of Opera 3 and permissions can be assigned to employees so all amended updates can be authorised. Any employees who do not wish to use the Payroll Self Service can still have a printed copy of their Payslip.

There are further benefits to the Web Xchange module and to learn more about how it can greatly advance your business, contact us.