Monday, April 7, 2014 — LONDON, 7th APRIL 2014 –
Intuit UK today announces a major collaboration with PaySuite to provide the first free, fully integrated payroll solution to small businesses in the UK.
With over 500,000 new companies* registered in the UK in 2013 alone today’s payroll integration announcement demonstrates Intuit’s commitment to provide 21st century solutions to Britain’s growing businesses.
Intuit is proud to be a part of building the UK success story with over 20 years in the marketplace, the recent re-launch of the core QuickBooks suite of products and its continued innovation, including the shift to anywhere, anytime, any device cloud management – enables the software to develop each day, with every small business.
This announcement with PaySuite underlines Intuit’s promise to work with a number of key home-grown businesses to develop and deliver solutions, built from the ground up for the UK marketplace.
The fully integrated payroll solution, powered by PaySuite, offers QuickBooks Online small business customers a seamless experience when it comes to payday. This product innovation keeps small business operations compliant and accurate, as well as their accountant and employees happy.
In keeping with Intuit’s belief that all small businesses deserve support, the product will be free, to QuickBooks customers, with up to 5 employees, ensuring over 90% of all small businesses in the UK benefit.
“We are committed to UK small businesses and what better way to demonstrate that than collaborating closely with one of the fastest growing payroll companies? With this collaboration we can offer the majority of small UK businesses owners free payroll for themselves and up to five employees; leaving them free to focus on what they love doing”, said Rich Preece, Managing Director, Intuit UK.
“As a small business, growing rapidly we loved the opportunity to work with Intuit and integrate fully in to their game-changing QuickBooks product. Their commitment to creating a wow customer experience, on both price and integration, shows they really understand their target audience and what small business needs to succeed in today’s world”, added Stuart Hall, Managing Director, PaySuite.
This latest development to QuickBooks Online will change how small businesses and their accountants manage and run payroll enabling them to:
- Manage everything in one place – no need to leave QuickBooks Online or login to another system to run payroll
- Stay compliant – Stay compliant with latest legislation. PaySuite is HMRC recognised and will complete Real Time (RTI) filing to HMRC
- Easily run payroll - Users only need to add hours worked by staff for PaySuite to instantly calculate PAYE and National Insurance contributions
- Easily pay employees – Run payroll in just a few clicks, generate pay slips by email or simply print off
- Improved Accuracy – Payroll data flows directly to the general ledger, eradicating the need for extra journal entries or double entry
- Free Support – Same on-shore support received with QuickBooks Online subscriptions
- Reduce administration – Spend less time recording data and more time on value add opportunities
Pricing and Availability
The new Paysuite integration is available immediately within QuickBooks Online. Up to five employees are free for all businesses and it’s only £1 per employee per month starting with the 6th employee.
Payroll services by PaySuite is a third party application integrated with QuickBooks Online
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About Intuit in the UK
Intuit in the UK helps small businesses get paid, manage their money and pay their employees, and accounting professionals be more productive and grow their practices. The company’s flagship products in the UK include QuickBooks, QuickBooks Online, QuickBooks Payroll and Intuit Pay. For more information visit www.intuit.co.uk
Intuit Limited is a company registered in England and Wales (Company No. 2679414) with registered address and principal place of business in 1 Cathedral Piazza SW1E 5BP London. Intuit Limited is a subsidiary of Intuit Inc.
About Intuit Inc
Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals. Its flagship products and services include QuickBooks®, Quicken® and TurboTax®, which makes it easier to manage small businesses and payroll processing, personal finance, and tax preparation and filing. Mint.com provides a fresh, easy and intelligent way for people to manage their money, while Demandforce® offers marketing and communication tools for small businesses. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2013. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.
PaySuite enables small businesses and accountants to run payroll in the cloud; calculating statutory requirements including all the necessary reports to HMRC. An award winning company, PaySuite is at the forefront of innovate payroll solutions. For more information visit www.paysuite.co.uk
PaySuite Limited is a company registered in England and Wales, Company No. 08158774. Registered office is William Hunter House, 20 Western Road, Brentwood, CM14 4SR. PaySuite is part of Employer Services Management Limited.
About Employer Services Management Limited
Employer Services Management Limited includes Employer Services Limited and PaySuite Limited. Together, they offer payroll, HR, pension, expenses and time and attendance services to organisations of any size in the UK and Internationally. For more information visit www.employerservices.co.uk
* Statistics taken from the UK Government BIS Population Estimates for the UK and Regions, 2012: https://www.gov.uk/government/publications/bis-business-population-estimates