Sage 50 Payroll – the 2020/21 tax year software update is available now.
To check if you have installed it, in your Sage Payroll, go to Help, then About and check your version is 26.
If it’s not, you need to install the update as soon as possible to ensure you are using the correct legislation for the new tax year.
Changes to the NMW rates – From 1st April 2020 the national minimum wage (NMW) rates are increasing. There are the minimum rates most employees are entitled to. You can use the minimum wage check option to check you are paying your employees the correct rates.
Employment allowance changes – from April 2020, HMRC are introducing new rules and processes for claiming employment allowance. Remember to check if you are still eligible or if you are now eligible.
If you would any more information on the new Sage Payroll update or help with the Payroll year end process please do not hesitate to contact us