Pegasus Payroll – Payroll Software | Ivy Pegasus Payroll – Payroll Software | Ivy

Pegasus Payroll

Every business will have accounting software as a critical part of their business systems – and be this complex and integrated, or simple and stand-alone, the next most important consideration has to be their payroll.

An indequate payroll system can not only lead to embarrassing salary payment errors, but more importantly, expensive non-compliance issues when it comes to things like HMRC returns and ensuring that your business is fulfilling all it legal duties in line with new regulations.

Payroll for Opera 3 from Pegasus Software gives you the reassurance that your payments are accurate, your records are correct, and your legal requirements are fully satisfied. One in twenty employees in the UK are currently paid using Pegasus Payroll – which we think you will agree is an impressive statistic. Payroll for Opera 3 has all the basic features that you would expect from a payroll system, and many more as standard that you wouldn’t – including:

  • Unlimited employees, in up to 36 different payment groups, with up to 999 payment and deduction types
  • Multiple payment periods, for multiple companies
  • HMRC recognised for RTI and PAYE, plus online filing for both in-year and end-of-year returns
  • Auto Enrolment and RTI compliance
  • Multiple pension schemes
  • Retrospective National Insurance
  • Full tax and P32 processing, plus: P45, P46, P14, P35, SMP, OSPP, ASPP, SAP and SSP

With all the current legislative changes surrounding employee payments, both recently and going forward, it is comforting to know that your payroll software has it all covered. Pegasus Software have provided videos and datasheets to give you the information you need about their comprehensive payroll solution:

 Pegasus Payroll

Pegasus have recorded this 30 minute webinar style video to give you a comprehensive overview of the Payroll module – however, with legistlation changes and new functionality being added, check out the additional information for the other new features.

payroll webinar thumbnail

(click the icon above to watch the video)

In addition, you can view the Pegasus Payroll brochure here

 Auto Enrolment & Pension Integration

This 18 minute video presenation introduces the concepts and requirements for Auto Enrolment. It is going to affect us all – so watching this is a must to familiarise yourself with what’s happening, and what you need to do.

auto enrolment thumbnail

(click the icon above to watch the video)

You can view the Pegasus Pension Integration brochure here

 Payroll Self Service

This is the first application from Pegasus to use their Web Xchange portal. This application allows employees to view and amend their own personal Payroll data via the internet, in a secure online environment.

payroll self service thumbnail

(click the icon above to watch the video)

In addition, you can view the Payroll Self Service datasheet by clicking here

 Salary Sacrifice

Salary Sacrifice is becoming more popular with the advent of Auto Enrolment – by swapping cash earnings for non-cash benefits, reducing tax and NI contributuons for both employer and employee.

salary sacrifice thumbnail

(click the icon above to watch the video)

The Salary Sacrifice datasheet from Pegasus is available by clicking here

Auto Enrolment has seemed like a distant regulation for smaller companies for a long time now, but it is getting closer each month, and we urge you to start your preparations as soon as possible. You need to ensure that you know your compliance date (staging date), review which employees will be affected, submit your compliance data, and choose a pension provider. This will take much time and patience for many, so we suggest that you think ahead and plan to dedicate a “quiet time” in your business calendar to attend to this important matter.

For an initial discussion about moving your payroll and accounting solution to Pegasus Opera 3, call a member of our team on 01908 552900, or Contact Us via this site.

As an authorised Pegasus Partner, Ivy are committed to providing you with advice and support regarding your Pegasus software. And because legislations, regulations and requirements are constantly changing, each year we run a FREE End of Year Payroll Event for all Pegasus Payroll users. This takes the form of a half day, seminar style forum where you can come and learn what is required and what you need to do about it in order to complete your year end payroll procedures, and to stay legal! This is always a popular event, and many of our clients come along each year – to ensure you don’t miss our next one, please drop us a line on our Contact page and we will put you on the mailing list for this event.

We also think you may find the following links useful for further payroll related information, documents and websites:

Pegasus P11D Organiser application

The Pensions Regulator website:  www.tpr.gov.uk

Staging Date calculator (from The Pensions Regulator)

Creating your Auto Enrolment Action Plan (from The Pensions Regulator)

Her Majesty’s Revenue & Customs: www.hmrc.gov.uk

Auto Enrolment : An Employers’ Guide (from Pegasus Software)

NEST Pensions: www.nestpensions.org.uk

NOW Pensions: www.nowpensions.com

payroll

Please note: Ivy Limited do not endorse, nor can we advise you, regarding any workplace pension providers; and we recommend that you seek the advice of your accounting professional before commiting to a specific scheme.

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