Which Sage 50 tax code do I use for suppliers not VAT registered?

I posted a question in our free Sage 50 Accounts support group on a topic that I know causes much debate!  The question was: “What Sage tax code do YOU use for suppliers not VAT registered?!” The post had 106 comments!  So, what tax code should you use for suppliers who are not VAT registered? Should the amount, which has no … Read More

Changes to the Construction Industry Scheme (CIS)

If you’re a Limited company operating within the Construction Industry Scheme (CIS) you need to be aware of the changes coming into play as of this month (April 2022).  HMRC have introduced additional information that needs to be submitted with your Employment Payment Summary (EPS) which you must submit for any CIS deductions suffered as a subcontractor.  The additional information … Read More

What is the National Insurance Contribution Uplift?

From 6th April 2022 the Health and Social Care Levy will be coming into place. In order to fund the NHS and other health and social care sectors who have been impacted by the Coronavirus pandemic, national insurance contributions will have a levy applied to them of 1.25%. If you’re processing payroll HMRC recommend you make sure that your employees … Read More

Payroll Year End 2022

Sage have confirmed that they anticipate that the update for Sage 50cloud Payroll Bureau will be available soon. You will be notified via email and also in the Advice Centre when you access your Sage 50 software, so keep an eye out for these notifications. Here are some steps for you to take to prepare for your payroll year end. … Read More