Whether you’re a bookkeeper or a business who deals with their accountant directly it’s important you understand what they need from you. Some accountants will do the bookkeeping all the way up to year end accounts, but the majority concentrate on year end, leaving the preparation of accounts to the bookkeeper. I have a 12- Steps Year-End course which shows … Read More
The life of a trainer
The life of a trainer is never dull. It’s something I’ve done for about 21 years and it never ceases to amaze me how much people get from training. It may be that clients have used Sage for decades and they just don’t see some of the features and benefits of the software. This is usually because they’re too entrenched … Read More
What I need to know about VAT for the 2022/2023 tax year
VAT wasn’t mentioned during the Autumn budget back in October. This means that for the 2022/2023 tax year the following will apply for VAT; Rates will remain the same The VAT threshold will remain the same The current VAT rates of 20% for the standard VAT rate, 5% for the reduced rate and 0% on zero-rated supplies will still be … Read More
What tax code should I use for the ICO fee?
The amount you pay to ICO for your data protection fee depends on the size of your business. They also take into consideration your turnover and business structure. This can be any amount from £40 to £2,900. Is the fee subject to VAT? The ICO website states: “No. Statutory fees are outside the scope of VAT, so no VAT is … Read More
How do I access my VAT Reconciliation reports after I’ve completed my VAT return?
Calculating and filing your VAT return using Sage 50 Accounts is a fairly easy process and the software is user friendly, with information to guide you through the steps for completion, including how to generate your VAT reconciliation reports when you get to step 2 of the process. But what if you forget to print or save the VAT reconciliation … Read More
Useful Information regarding UK and EU Countries Transitions
If you move goods between the UK and countries within the EU, you will need to follow the new customs and tax rules. We understand how challenging it can be for many businesses, so we have outlined some information below to help you navigate and manage this change. Useful Resources HMRC have support available to help businesses understand the new … Read More
Sage 50cloud Accounts update: V 27.2
New EU E-commerce rules due to come into place as of July 1st From 1 July 2021 new EU e-commerce rules will come to place. In the article below we have covered what you need to know and what this might mean for your business. It should be noted that these schemes are not mandatory and rules have been introduced … Read More
OCR technology to help bookkeepers
OCR is a method of transforming data digitally. Whether it be handwritten documents, images or receipts OCR software will convert your documents so that they can be saved electronically. OCR is now everyday life for most bookkeepers and accountants. In these modern times, most have steered away from ‘shoe box’ receipt archives. With the latest software such as AutoEntry, Dext, … Read More
What VAT Code should I use for bank charges paid?
At Sage Accounts Solutions we get so many questions about tax codes. We’ve had lots of recent questions arise in our Facebook Groups too, where like minded Sage users hang out and help each other with queries just like this. If you’re not already a member, then please join us! What code should you use for bank charges paid? It … Read More
Sage 50cloud Payroll Bureau v27.1 is now available
Sage have announced the release of Sage 50cloud Payroll Bureau v27.1 and it’s now ready for you to download and install. Later this week it will become mandatory to complete the update and you will not be able to access your software until you have installed this latest 27.1 update. We advise on updating your software as soon as possible. … Read More
