Why you should invest in professional development

If you’re like me you’ll always be looking for ways to improve your expertise or learn new things. If you struggle to get out of your comfort zone in order to learn new things then this can really hinder your chances of either your business being successful or you getting promoted in your current role. You don’t even need to … Read More

Upgrade Sage 50cloud Payroll v28.02 for National Insurance threshold increase

During the Spring Statement Rishi Sunak announced that the National Insurance threshold would be increasing to be in line with the income tax threshold (personal allowance). This will come into effect from 6th July 2022. The threshold will increase by £3000 and employees can earn up to £12,570 before having to pay National Insurance. In order to ensure that your … 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

Employment Allowance is increasing to £5,000

If you are in receipt of the Employment Allowance the good news is, that it’s increasing from April 2022. The maximum Employment Allowance is currently £4,000 but from April 2022 it will be increasing to £5,000.  Businesses who are eligible for the allowance will be able to claim more against their secondary Class 1 National Insurance liabilities. This means if … Read More

National Living & Minimum Wage rate changes from April 2022

If you are currently paying your employees the National Minimum Wage (applies to those of school leaving age) or the National Living Wage (for people under 23) then you need to be aware of the changes coming into place from 1st April 2022. 23 and over For people aged 23 and over the minimum you can currently pay them per … Read More

Income tax and personal allowance in 2022/2023

If you’re using Sage 50 Payroll or Sage Business Cloud Payroll, the legislation tables and settings in your software will update either automatically or if you install the update. From 8th March 2022 installing this update became mandatory, meaning you can’t access your software until you do the update. In the Spring budget last year it was announced that thresholds … Read More

What does an accountant want?

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

Changes to the National Living and National Minimum Wage

Your Sage 50 Payroll update should be released in February/March time. This will be a mandatory update to get the legislation changes to the National Living and National Minimum Wage. National Living and National Minimum Wage During the Autumn budget the chancellor announced that there will be an increase in both the National Living Wage and the National Minimum Wage. … Read More