Tips

Tips

Payroll

Forgotten to claim Employment Allowance in a previous tax year?

You will need to contact HMRC if you need to claim a refund etc.

To claim Employment Allowance in a Previous Year.

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Tips

Tips

Accounts

Supplier Activity

This shows the trading history between you and your supplier.  It shows your credit limit with them, the balance owed, as well as the total you have paid and the expenditure for the year.

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Tips

Tips

Payroll

Customise your Sage 50cloud Payroll desktop and the employee list

You can change the look of the employee list to help you find your way around

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Tips

Tips

Accounts

Add Reports and Layouts to Favourites 

You can save time by setting reports and layouts you use on a regular basis as favourites in Sage 50cloud Accounts. 

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Tips

Tips

Payroll

Get ready for the new tax year

The new tax year starts on 6th April 2022.  Before you process wages in the new tax year you need to complete a few simple tasks to set up your software.

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Tips

Tips

MTD

MTD for VAT is already mandatory for most businesses and from 1st April 2022 it will apply to all VAT registered business with a taxable turnover below the VAT threshold.

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Tips

Tips

Payroll

Updating your employees’ tax codes

From the 2022/23 tax year, the personal tax allowance remains at £12,570.  This means that the emergency tax code remains at 1257L and you don’t need to update employees’ tax codes
However, if you receive a P9 or P6 from HMRC

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Tips

Tips

Accounts

Which files to include in a Sage 50cloud Accounts Backup

When you backup your Sage 50cloud Accounts data, you can choose what file types you want to include in the backup.  You can either select all types, or you can select specific types.  For example, you might want to backup data files on a daily basis

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Tips

Tips

Sage 50cloud Payroll

Error when emailing a document from Sage 50cloud Payroll

When emailing a document, you may see the following message:

‘Unable to send all emails Error with the address <email address> :Unable to connect to remote server’.

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Tips

Tips

Sage 50cloud Accounts

Problem emailing a document

When emailing a document, you may see the following message:

‘Unable to send all emails Error with the address <email address> :Unable to connect to remote server’.

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Tips

Tips

Sage 50cloud Payroll

Processing a Leaver

When an employee leaves your company, you need to provide them with a P45. To do this, after updating their final payment, but before submitting the full payment submission (FPS), you must mark them as a leaver.

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Tips

Tips

Sage 50cloud Accounts

Problems with missing reports and layouts

If you find that you are missing a report or layout that you previously had there are various steps that you can follow to restore the report or layout.

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Tips

Tips

Sage 50cloud Accounts

Delete invoices, credit notes or sales orders or purchase orders

There may be times when you want to delete invoices, credits or sales orders either because they were entered in error or with incorrect details or to clear old information.

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Tips

Tips

Sage 50cloud Payroll

How to process opt out Pension requests

An employee who becomes an active member of a pension scheme under automatic enrolment can only opt out during the opt out period.

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Tips

Tips

Sage 50cloud Accounts

How to Record Corporation Tax

Corporation tax is a tax on the profits of your limited company, paid to HM Revenue & Customs (HMRC).
Sage 50cloud Accounts has a specific area for Taxation in its chart of accounts.

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Tips

Tips

Sage 50cloud Accounts

How to check for duplicated transactions in your data

To help make sure your accounts are correct, you can use the accounts audit option to quickly check for duplicate transactions.

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Tips

Tips

Sage 50cloud Payroll

Correcting a previous payroll run

Mistakes can happen or information arrives late after the payroll has been processed don’t worry in Sage 50cloud Payroll it’s easy to go back and correct things.

If you need to go back and correct a previous payroll run, the Rollback option can be used to make amendments that affect some or all your employees.

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Tips

Tips

Sage 50cloud Accounts

Preparing your EU VAT Return for One Stop Shop (OSS) and Import One Stop Shop (IOSS) – UK

The way VAT is handled for online sales from business worldwide to consumers B2C in the European Union (EU) changed on 1st July 2021,

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Tips

Tips

Sage 50cloud Accounts

E-commerce VAT in the EU has changed from 1st July 2021

The way VAT is handled for online sales from business worldwide to consumers B2C in the European Union (EU) changed on 1st July 2021, instead of registering and paying VAT in each country you sell to, you can choose to report and pay all EU VAT through a single return using.

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Tips

Tips

Sage 50cloud Payroll

Sending submissions to HMRC

Every time you process your payroll, your need to submit information to HMRC.

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