Best Online HMRC Payroll Software for Small Businesses (UK)
Best Online HMRC Payroll Software for Small Businesses (UK)
There will come a time in every successful entrepreneur’s life when they will need to hire and pay staff. Of course, no matter which country you are in, employees need to be paid correctly, ensuring that the appropriate statutory deductions are made from their salary using the best online HMRC payroll software. Deadlines and Dates For HMRC Tax Filings and Payments 2018/2019
Many employers will simply outsource their payroll processes to a payroll provider or to an accountant and others may choose to do payroll in-house. However, for those small businesses taking the DIY payroll option I thought it would be useful to outline the best online HMRC Payroll software for small businesses.
5 Best Online HMRC Payroll Software for Small Businesses (UK)
1.Wise Money Transfer for Business. Over 8 million people and businesses world-wide use Wise Money Transfer for fast and secure online money transfers worldwide. Wise are FCA regulated and are on average 8 times cheaper than banks. If you need to pay employees and freelancers in other countries than the UK you can do this via Wise Money transfer often within one day. Pay employees, consultants, and freelancers wherever they choose to work with the real exchange rate and low transfer fees — regardless of country or currency. Run payroll for up to 1,000 people in minutes. Click here for a free trial of wise money transfer.
Pros: great for paying employees quickly overseas.
Cons: doesn’t perform HMRC tax calculations and so would need to be combined with the software below.
2.Sage Business Cloud -Online HMRC Payroll Software . This is perhaps the leading and most trusted online HMRC payroll software package for small business in the UK. Sage Business Cloud Payroll is the tool you’ll need if you are just want to run HMRC payroll in the UK. It can be used for up to 25 employees with prices starting at £2.50 a month, and it can all be operated in the cloud, using just a web browser. If you need more than just payroll you can also sign up to Sage One Accounting starting at £10 a month which enables you to: Create invoices, receipts and track cash flow, Easily manage VAT, submit online returns to HMRC, Connect to your bank account.
Pros: one of the best value plans and trusted brands on the market.
Cons: No major complaints reported.
Click here to try Sage Business Cloud Payroll.
Click here to try Sage Business Cloud Payroll.
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3.IRIS – HMRC Online Payroll Software. This is a simple payroll systems which is totally free for companies with less than 10 employees. It is RTI compliant and integrated with HMRC to enable online submission of all year-end and in year forms. It automatically calculates PAYE, NI and all statutory payments for less than 10 employees. Includes summary reports and can print payslips for free for 30 days or IRIS OpenPayslips, secure electronic payslips. They also have a microbusiness premium plan delivered under Kashflow costing £7.32 a month for 5 employees.
Pros: easy to use.
Cons: Reportedly poor customer service.
4.http://www.payroo.com/ .This is another free RTI compliant, HMRC online payroll software. It enables you to do your UK payroll professionally and fully in compliance with HMRC’s statutory requirements. Prices starts at £5 a month for 1 to 2 employees. Its then £40 a month for 21 to 30 employees and £250 a month for unlimited employees.
Pros: Simple and easy to use.
Cons: reportedly very bad customer service. Poor usability and cloud integration.
5.http://www.12pay.co.uk .This is another freeonline HMRC payroll software which performs all the payroll calculations and and handles all the HMRC filings (including RTI), and is suitable for small companies of up to 9 employees. Premium module starts at £66 a month for 30 employees and the Bureau Plan is priced at £130 a month for unlimited employees.
Pros: Free for up to 9 employees.
Cons: No digital payslips or management reports with free plan. No company logo on printed payslips.
6 Gusto Payroll. This payroll is intended for US companies and I have included it here, just in case you are running payroll for a US division of your organization. You can run payroll and benefits through this system. The system supports all 50 states, plus federal and local taxes, automated payroll filings and tax payments, unlimited payrolls, W-2s and 1099s, direct deposit, multiple schedules and pay rates, online employee setup, Payroll on Autopilot®, payroll runs itself
Pros: Great if you have a US office.
Cons: US payroll only
