The Sage 50cloud Payroll update that is due in early February will include the following features and improvements.

Employment allowance changes – from April 2020, HMRC are introducing new rules and processes for claiming employment allowance.  Sage 50cloud Payroll will include an option to apply for the employment allowance.

Class 1A NIC’s on termination payments – from 6^th April 2020 employer NICs will be introduced on termination payments above £30,000.  There will be no employee’s NIC on these payments.  In the new tax year you can select the Class 1A NICs checkbox on the pay element setup to deal with the payment above £30,000.

Parental bereavement leave and pay – the Parental Bereavement (Leave and Pay) Act 2018 introduces a new employment right to Parental Bereavement Leave (PBL) and an entitlement to Statutory Parental Bereavement Pay (SPBP) for any qualifying parent who loses a child under the age of 18 or who suffers a still birth from 24 weeks of pregnancy.  The new entitlement will apply to deaths from 6^th April 2020.

Off-payroll working rules – if a worker is assessed to be outside the IR35 rules then they are classed as a deemed employee, which means that although tax and NICs should be deducted, they are not entitled to any other employee benefits.  You will be able to set an employee’s type as deemed and the FPS notifies HMRC of this.

Zero emissions mileage for company cars – a new Zero Emissions Mileage field will be added so that the relevant value can be recorded and used when establishing the appropriate percentage used to calculate the car cash equivalent for vehicles partly powered by electricity.

Company car calculation – an easier way for employers who payroll their company cars in Sage 50cloud Payroll.  You will be able to calculate the taxable cash equivalent of the company car for the current tax year, in addition to the previous year rather than manually calculating the relevant values to include in the FPS.

Holiday pay Reference period changes – from April 2020, the holiday pay reference period will be lengthened from 12 to 52 weeks.

Budget 2020 – an update will be released to include the relevant legislation changes for the 2020/2021 tax year after the budget is announced on 11^th March.

If you would any more information on the new Sage Payroll update please do not hesitate to contact us on:-

Telephone        01691 684011/654545

Or

Email:              [email protected]

Sage has a wide range of programs to help you run your business and pay your employees, from cloud or desktop programs.

Sage Business Cloud Accounting Start is a cloud solution for simple businesses which are mainly cash in and cash out. Sage Business Cloud Accounting is a much more powerful cloud accounting solution for bigger and/or more complicated businesses.  Sage 50cloud Essentials is a simple desktop accounting solution, connected to the cloud, Sage 50cloud Standard has more features and Sage 50cloud Professional has in-depth stock, more than 2 users etc.

Sage Business Cloud Payroll is a cloud based payroll program for up to 25 employees.  Sage Instant Payroll a simple desktop program for up to 10 employees.   Sage 50cloud Payroll is a desktop payroll which deals with all your payroll needs for any number of employees.

If you would like more details of what Sage solution is best for you and your business or would like a demonstration or to order a program please contact us

Improved data fixing – while data errors are rare, Sage 50coloud Accounts improvements makes it easier to fix them, or to restore your last error free backup.

No-deal Brexit – To give you peace of mind, Sage 50cloud Accounts has in built-in functionality which can be switched on if the UK leaves the EU without a deal.

CIS reverse charge – Sage 50cloud Accounts has new tax codes to help comply with the new construction industry reverse charge rules coming into effect in October 2020.

Sage Drive – General improvements to speed and stability.

If you would like more details of what Sage 50cloud Accounts V26 can do for you or a demonstration or to order the program please contact us

Once you are using Sage 50cloud Payroll V25.01, to ensure your software is fully up to date, you should install the Sage 50cloud Payroll V25.02.256 update.

Before installing the update you need to ensure that you have full administration rights, and all Windows updates have been installed.

1. In Sage 50cloud Payroll, click Help then click About.
2. Make a note of the Program Directory.
3. Close Sage 50cloud Payroll.
4. Go to sage.co.uk/payrollupdates and there will be a link to download Sage 50cloud Payroll V25.02.256, depending on your browser the update downloads, or click Save.
5. To begin the installation, locate then double-click exe.
6. Click Accept Licence.
7. Check the path is the same as the program directory you noted earlier, then click Yes.

If the path is not the same, then click No and Yes and browse to the program directory you noted, click Payroll.exe, then click Open.

8. When the installation completes, click OK.

To check you are using Sage 50cloud Payroll V25 go to Help and then click About.  Then under program details check your version number is v25.00.179 or above

New Features in Sage 50cloud Payroll V25 include

New Legislation for the tax year – The Sage 50cloud Payroll includes the relevant legislation for the tax year 2019/2020.

Postgraduate Loans – This is the new type of student loan introduced from the 6^th April 2019.

Automatic Enrolment Phasing – The minimum pension contributions that you and your employee pay into your pension scheme are increasing again from April 2019.  If you are using the Pension Module, the new rates will be included in this update.

Disguised remuneration – If you are in a disguised remuneration scheme, you can record a notional payment to record the loan charge.

Salary Payments – Sage have teamed up with Modulr to provide an even better Salary Payment option, making it quicker, easier and more secure to pay your employees.

Serious ill-health lump sum – If you are running a pension PAYE Scheme and a member is suffering from serious ill-health then, provided certain conditions are met, they may be entitled to their entire benefit entitlement as a lump sum.

Company Cars and Optional Remuneration Arrangements (OpRA) – There are two fields in the employee record on the Cars/Fuel tab.  Cash Foregone (Car) and Cash Foregone (Fuel) these fields relate to Optional Remuneration Arrangements (OpRA).

If you would like more details of what Sage Payroll can do for you or a demonstration or to order the program please contact us

Preparation

Before you switch on the MTD feature in Sage 50 accounts, check you have

• Successfully registered with HMRC for MTD.
• Make sure you have a MTD compliant version of Sage 50 Accounts.

Activate

1. Open the company you want to switch to submit using MTD for VAT.
2. Click Settings and then click Company Preferences.
3. Enter your password and then click OK and then click the VAT
4. Click the Enable Making Tax Digital for VAT submissions check box.
5. Click Yes and then click OK.

When you next submit your VAT return it will submit under MTD.