How to process the Employer’s Allowance for National Insurance.
This continues at £5,000 for the 2022/23 Tax Year. But there are certain changes to the rules, you need to apply again, see below for change of procedure.
The reduction in the NI you pay is reclaimed over the first few months depending on the amount of Employer’s NI you pay each month. It is deducted each month until the total of £5,000 has been recovered.
In the Payroll:
In the Accounts:
There is no automatic inclusion of the Employer’s Allowance in the Nominal link, so it has to be processed manually.
Are you on the latest version of Sage 50 Accounts?
To ensure that you are benefitting from the latest Updates, go to Help > About > on your system and check that you have one of the following. If you have a Network version, all users must be on the same version:
50 Accounts and Instant Accounts
c2022 – 28.0.226.0 November 21
v2021 – 27.2.664 (19 Jul 21) the latest update.
50 Payroll
Payrolls are updated with a completely new version each Tax Year End.
Each year there is the Update which will include the Tax Tables for the New Tax Year as well as the Year End function for the current tax year.
The latest Update which is part of the Payroll Year End (see my other Post) was issued on 29th March 2022 for the 2022/23 Year is 28.01.360.
Accounting By Computer is as easy as ABC
March 2022
Helpful Hints
Sage Business Systems
Payroll Year End – New v28 Payroll
New items that Sage Payroll incorporates:
Payroll Year End Processing.
May I wish all of my clients a Happy Christmas and a Healthy, Prosperous New Year.
Sage 50 Accounts v28.
You may have noticed that Sage released v28 of 50 Accounts a few weeks ago and they will have been contacting you to encourage you to install it.
I had been resisting the temptation to contact you about it since, a) Sage had not promoted any particular features and b) there had been none of the usual training and certification on the new product for their Business Partners.
Here are the major changes to the program:
I am, therefore, for the sake of continuity, now recommending that you download and install v28.
As always, download the upgrade from Sage’s website and then install it from your Downloads folder. Do not try processing the upgrade over the Internet.
If you have any queries, or need assistance, please do not hesitate to contact me.