Setting aside time to do your accounts whilst running your own business can be tricky. When first starting out you may be inclined to take on the duties yourself in order to save money. Of course this is fine in the short term, but once you start to get busy, you will find it even harder to make the time … Read More
A COVID Christmas
Christmas is usually a time of relaxation and getting together with loved ones. Even though the government originally tried to offer relaxed restrictions in order for us to have a more ‘normal’ Christmas, it wasn’t meant to be and the festive period won’t be the same. Without the usual build up to Christmas people are making the most of it, … Read More
Christmas gifts for your clients and employees and tax implications
Christmas is an ideal time to express your gratitude to your clients and employees. A simple gift or gesture can go a long way. But does this need to come out of your own pocket or can you claim the gifts as expenses? Client Gifts and Tax The guidance from HMRC is that you can claim for gifts worth up … Read More
Guidance for employers on RTI reporting obligations for payments made early at Christmas.
We know that for most businesses it’s a Christmas tradition to pay your employees early. It’s important when submitting your Full Payment Submission (FPS) in Sage 50 Payroll that you report the pay date as the usual date of payment. For example if you usually pay on 31st of the month and in December you bring the payday forward to … Read More
IMPORTANT: support@sage.com email being retired
Sage (UK) Limited has taken the decision to retire the email address support@sage.com. They want to reassure everyone that support is still there via other means, as follows: Help Centre The Help Centre is a digital platform where you can explore trending topics and search for common questions and answers. You can also access guides which cover topics in more … Read More
What steps do I need to take to prepare for the VAT deferral?
The VAT deferral scheme ended on 30th June this year. In September the chancellor Rishi Sunak confirmed that businesses who opted to defer their VAT between March 2020 and June 2020 will now be able to pay the amount in instalments over a longer period of time. Originally businesses who took advantage of the VAT deferral scheme were due to … Read More
