GoSimpleTax Acquire cloud payroll software MyPAYE
Pennine Ventures – the North West-based team behind GoSimpleTax and Coconut – has acquired payroll software business, MyPAYE to better support sole traders, landlords and accountants.
This deal follows news in April last year that Pennine Ventures acquired Coconut, which has since been integrated with GoSimpleTax.
GoSimpleTax and Coconut are leading cloud bookkeeping and UK tax filing solutions, providing 24,000 customers with innovative bookkeeping, Self Assessment and VAT MTD filing software.
Adding MyPAYE continues this growth, establishing the business as a challenger in the UK cloud software space, with bookkeeping, seamless bank account integration, income tax filing and payroll for small businesses and their accountants.
GoSimpleTax Head of Partnerships, Leeanne Ogden says “As GoSimpleTax and Coconut grew we were receiving more inquiries from partners for a simple payroll solution to add to their member benefit offering. Acquiring MyPAYE made sense, it’s a leading cloud provider and makes payroll preparation easy for accountants, bookkeepers and individuals. I can see this becoming a fantastic addition to partner member benefits”
The acquisition creates immediate value for MyPAYE, Coconut and GoSimpleTax customers and partners alike.
MyPAYE is a great value-for-money payroll tool, easy to operate, and has many advantages even for the smallest business or bureau. Features include the easy emailing of encrypted payslips, summaries and statutory reports to clients, plus integrations with HMRC, leading bookkeeping packages and major pension providers. Timesheets and expenses are also available, and as it’s in the cloud, all functionality is accessible from anywhere.
The advantage of not having to update the software at year-end and backup numerous clients’ records saves time and payslips can be branded in line with the accounting practice. Support is timely and helpful, even at times of pressure such as year-end.
