15 Jan 2018
January 15, 2018

Reactive Tax Codes – check for W1 M1

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Reactive Tax Codes Since April 2017 HMRC have introduced reactive tax codes, which means if changes occur in your income your tax code is likely to be changed more quickly than in the past. This has been made possible since Real Time Information was introduced, which means employers tell the HMRC exactly what staff have.. read more →

Updated Rates Under the Pensions Act 2008, the minimum amounts paid into automatic enrolment pension schemes are increasing for employers and their staff. The increases occur in two phases – the first increase needs to be made by 6 April 2018 and the second needs to be in place for 6 April 2019. Every time.. read more →

25 Feb 2016
February 25, 2016

The Dreaded New Dividend Tax!

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Today’s Guest Post is by Lathem Elwin of Holmes Accountancy Limited.  I subscribe to the Holmes Accountancy Friday Tax Tip, and after their tip about the new dividend tax last week I asked if they’d be willing to write a guest post for me with more detail, and that is what Lathern has done. read more →

15 Feb 2016
February 15, 2016

Tax codes to use from 6 April 2016

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It’s getting to that time of year again, where we reach the end of another tax year and the start of another.  HMRC have just issued their advice document P9X_2016 informing us of the tax codes to use next year. Personal Allowance For 2016 to 2017 the basic Personal Allowance will be £11000 and the.. read more →

The National Minimum Wage (NMW) increased on 1st October 2015.  The rate per hour you get depends on your age and if you are an apprentice, and you must be at least school leaving age to get it too. The rates have increased meaning the NMW applicable to pay reference periods starting on or after.. read more →

28 Aug 2015
August 28, 2015

Sage 50 Payroll Update

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Sage 50 have released a mandatory update to the Payroll V21 software, to take you to version number 21.03.410. The software will not run unless you install the update, however if you do not have administrator privileges then the update may not install correctly and you could get an error message such as “Error 1325.alison.mead.. read more →

29 Apr 2015
April 29, 2015

How to post your Salary Journal

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When doing bookkeeping training one of the most common errors I come across is the incorrect posting of the salary journals.  You need to accurately reflect the cost of your wages in your accounts, and this normally includes the gross salary for your staff plus the employers national insurance, and increasingly, especially with auto enrolment,.. read more →

17 Apr 2015
April 17, 2015

Tax Codes to use from 6 April 2015

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I don’t know if it is just me, but since it’s redesign I am finding information pages on the HMRC website much harder to find these days.  One particular example was knowing how to change the tax codes for the start of the new financial year.  So to help I will summarise here the changes.. read more →

02 Mar 2015
March 2, 2015

Update to HMRC Basic PAYE Tools

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If you use the HMRC basic PAYE tools then please be aware that there is now an update available from the GOV.UK website. This new version includes updates to the automatic update facility, and needs to be downloaded and installed directly from the website.  You shouldn’t attempt to download by selecting the ‘Check for updates/Check.. read more →

The new Sage 50 Payroll has two levels of updates, some come as part of the basic program, and others are separate modules which you only need to subscribe to if you need those features.  To find out about the Tiered Pensions and Automated Payslips modules take a look at my previous post about Sage 50.. read more →