Need clarity and confidence on how to process the P11D?
Personal development
P11D, expenses and benefits
Course content
My first time
Outline of expenses and benefits
Identifying the different returns for expenses and benefits
Denise Pudner ACIPP, payroll and finance officemanager, BarronMcCann Limited, joyfully recalls her first payroll software implementation and offers some advice
Summarise the purpose of PAYE Settlement Agreements (PSAs)
I ’ll start with a bit of history as that may make the whole read a little smoother. I used to be a payroll consultant for a software company and helped many companies implement a new system and enjoy the benefits of that. It was an enjoyable process, but I always felt a little bit cheated that I never got to enjoy the benefit of the new system long-term, so when I did my first implementation for myself, it was a joy. This implementation involved bringing the payroll in-house from a bureau as well as setting up and using the new system. I can honestly say that whilst it was a bumpy road, it was one of the most enjoyable journeys of my career to date. All the hard work, effort and time put into this project was appreciated by my myself and my team. We worked our socks off so we could sit back after the event, look at what we had achieved and enjoy what we had done. And we did. It would be a lie if I said we didn’t make any mistakes along the way, but we learnt from those, put things right and continued down the path of what I saw as freedom: freedom from the restraints we had with our bureau and freedom to control our own work, timescales and output. Even working some weekends to stick to our project plan didn’t bother me as I knew what the end result would be and what benefits we would gain from this. I was focused on getting the task
Demonstrate form P11D completion
done and put my heart and soul into it to achieve what I knew would be the best for all concerned. The hardest decisions along the way were often the ones we got the most joy out of once completed. The company I worked for at the time had not been used to an in-house payroll solution so didn’t realise what the options would be and what choices they had to make. I found this the most challenging as how do people know what they want, if they have never seen it before? Even taking all this into consideration, I would do it all again in a heartbeat (which I have done, and second time round, enjoyed it even more). The main points I would like to ensure people concentrate on the next time round, as I am sure there will be a third time, are the following: ● focus on why you are doing it ● be sure of what you need the system to do for you ● be confident in all the decisions you make ● if unsure of anything, go for the better option as you will always find you can use more data, but will kick yourself if you don’t decide on enough at the beginning ● plan, plan and plan again ● document the system build so you can refer back to it when trying to unpick any issues you may have ● breathe, embrace the experience and then sit back and enjoy once complete. n
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| Professional in Payroll, Pensions and Reward |
Issue 57 | February 2020
*correct at time of publication
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