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Get RTI Ready

Posted on Wednesday 20th of March 2013

This infographic was produced by Sage What is RTI? RTI stands for Real Time Information and is a new and more effective Pay As You Earn (PAYE) system that is being introduced by HMRC on 6th April 2013. Very few changes have been made to the Payroll management system since 1944, which is why it's time for a fresh new start. What will change? The current Payroll system requires employers to submit end-of-year forms (P35/P14) to HM Revenue & Customs detailing each...Read More

Record Keeping with Sage Record Keeper

Posted on Thursday 26th of July 2012

This week HMRC have been tweeting about some of the mobile applications that are available to help small business owners stay ahead of record keeping even when away from the office. One of the applications they highlighted as being particularly effective is Sage Record Keeper Mobile, which was announced in April for iPhone and iPad users. It is made especially for the self-employed, sub-contractors and small businesses to record receivables and payables, display monthly balances, track CIS...Read More

P11D Deadline 2012

Posted on Monday 2nd of July 2012

P11D forms, which contain the details of the taxable benefits and expenses for all employees and directors earning more than £8,500, must be filed with HMRC by this Friday 6th July detailing cars, property, goods, fuel, credit cards and other assets placed at the employees' disposal in the 2011/12 tax year. Last month we blogged about common errors found on P11D forms and simple ways to avoid rejections, delays and fines from HMRC, and there's still time to double check and ensure that all...Read More

Payroll Real Time Information: An Update

Posted on Thursday 21st of June 2012

This week Sage have posted a YouTube video which simply and clearly explores the changes all employers are to expect over the next year as the new Real Time Information (RTI) legislation for PAYE processes is rolled out. The biggest change to payroll since 1944, RTI will require all employers to submit information about their employees to HMRC every time they are paid instead of just once a year at payroll year end. Whilst this may initially sound daunting and time consuming, Sage have...Read More

Social Media and Sage ACT! for Small Businesses

Posted on Tuesday 12th of June 2012

Recently Sage North America posted a guide to social media for small businesses on their Google+ page highlighting the importance of it as a platform for customer relationship management and interaction. For a small businesses, reaching a demographic and spreading the word about your product is just as important as creating online content and linking to your website, and social media can provide all of these things. A little homework should be done before choosing the social network(s) that...Read More

P11D – Avoiding Rejections and Delays

Posted on Thursday 7th of June 2012

As we all know the next deadline in our PAYE calendar is 6th July for the submission of form P11D to HMRC. With the deadline under a month away now, preparations for submission are well underway but it is always useful to talk through the common causes of rejections and delays, and how best to avoid HMRC's costly penalties. There is a standard of quality expected for form P11D which, when adhered to, will help avoid delays and penalties incurred by missing that all important deadline. Of...Read More