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M
M for TF
May 13, 2021
Question

Change of ownership to business

  • May 13, 2021
  • 1 reply
  • 0 views
We run Advance Payroll Online with QBO and the company is changing from a sole trader to a Limited Company. The employees are all TUPE protected but I want the Payroll details to reflect that they are being paid from the 'new' company and that the HMRC RTI details are correct. Is this simply a case of changing the login details on the Payroll Settings details or is there something else I am required to do. Thank you.

1 reply

C
ChristieAnn 11
May 13, 2021

Hi there, M for TF.

 

Welcome back to the QuickBooks Community. I appreciate you for sharing detailed information about your concern. I'll make sure to share details to ensure that the Payroll details reflect the employees are being paid from the new company.

 

Yes, there's something you'll have to make changes since the company is turning from a sole trader to a Limited Company. With this, I suggest updating the HMRC details. This is to used when submitting Real Time Information (RTI) to the HMRC to make sure that everything is accurate with the new set up of the company.

 

Here's how:

 

  1. Click the Gear icon in the upper right corner.
  2. Choose Payroll Settings.
  3. Select HMRC Settings.

 

 

To see additional information, you can click this article: HMRC Settings in QuickBooks Online Advanced Payroll.

 

Please refer to this article to view different information on how to manage your employees using Advanced payroll and how it works: QuickBooks Online Advanced Payroll hub.

 

Please feel free to leave a comment below if you have any additional questions or other concerns with QuickBooks Online. Take care and stay safe.

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