Accounting by Computer
Sage Accounting and Payroll

February 2018 Newsletter

Posted on 21/02/2018 in Accounting News | by
  1. Payroll Year End – 5th April 2018
  1. The deadline for submitting the Year End data is 19 April.  You will be submitting your FPS (Final Payroll Summary) through your payroll system on the last payroll run.   If you have to make any amendments use the EPS.
  2. This is also the date for the last payment of Tax and National Insurance for the 2017/18 Tax Year.
  3. Sage say that the Payroll Year End pack will be available for download in mid March. The new 2018 Payroll was to have been released 14th February, now 22nd February (perhaps!)
  4. Many clients like me to assist with Payroll Year Ends. In view of the short time ahead, book early if you haven’t already.
  5. P60s will still be issued to employees and this must be done by 31 May.   As usual I will supplying P60 forms in small quantities of 10 forms for £7.50 + VAT.  Orders to me by Friday 2 March latest.
  6. P11d Returns must be submitted for Expenses/Benefits by 6 July.
  7. Payment of Class 1A NI on Benefits must be made by 19 July or 22 July if you pay by BACS

Employment Allowance This is remains at £3,000 for the new year.  Don’t forget tick the box in Company>Settings and to post a Journal each month/week to Debit the PAYE/NI Control and Credit Employer’s NI with the amount recovered as shown on the P32 report you print in the Payroll.   See the separate Post on the website

2. End of Life Accounts/Change to HMRC filing.

Sage have been notifying clients about the impending change to the HMRC online filing of VAT Returns and CIS returns.   I have not been able to confirm the exact implication of this using Sage software. In the next few days I hope to have concrete confirmation whether versions prior to the 2018 (v24) will not work. I have recommended to clients that they just hold on until this is established.

Clients currently on Subscription are already paying for the current version which they can download and install. Call me if you need help with this.

3. Subscription Renewal.

Those clients who bought their original subscription through me will have Online Support. Some clients have received contradictory information regarding the renewal. Original letters are received stating that Telephone Support ONLY is available on renewal at a considerable price increase. Then a later letter was received stating that that was an error and Online Support is available. Take care to ensure that you get what you want.

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