Intuit QuickBooks online now auto-enrolment ready
Accounting software provider looking to "take hassle" out of workplace pension regulations for UK's small business owners
Online accountancy software provider Intuit QuickBooks has announced that small business owners will now be able to manage auto-enrolment within its payroll feature – helping entrepreneurs to stay compliant with UK regulation which requires employees to be automatically enrolled in a workplace pension.
As it is a cloud-based service, business owners are able to access features in real time while on the move. Users can automatically assess who is eligible for auto-enrolment, and the software can then calculate the exact contribution to a individuals pension scheme based on earnings.
As the staging date for companies with fewer than 50 employees approaches, rival platforms such as Smart Pension and Enrolsme have also announced that they are auto-enrolment ready.
Intuit UK’s Rich Preece commented: “Auto-enrolment has the potential to significantly disrupt small businesses across the UK. As organisations overhaul their payroll to comply with staging dates, many will face a heavy administration task.
“This update to QuickBooks Online makes workplace pensions as simple as possible, allowing the employers to focus on running and growing their business.”