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Category Archives: Sage 50 Accounts

Training for Sage Software Success

In the modern world of business, we expect software to perform a range of functions that help us to complete our day-to-day roles. However, the more we expect from our software programs, the more complicated they become. As a result, software training is now essential in order to fully understand what your software can do for your business and how to use it to its full potential.Increase your software ROIWhen implementing a new software, we always recommend incorporating a training element, even if on the surface, Read More...

When to upgrade from Excel to a dedicated accounting solution

Although not a dedicated accounting software, Microsoft Excel has been a staple in the business application suite for a long time and is still widely used. A lot of small businesses and self-employed workers initially turn to excel to keep on top of their accounting requirements.Whilst Microsoft Excel has its benefits – it is fairly easy to use and readily accessible – it could actually be holding your business back instead of helping you move forwards.What happens Read More...
Charities with extended MTD deadlines must be prepared by 1st October 2019.

Making Tax Digital deadline fast approaching for charities

In August 2019, HMRC made the switch to digitilisation with its Making Tax Digital reforms for registered businesses with a taxable turnover above the £85,000 threshold.  The aim of these reforms is to make submitting VAT returns more effective, efficient and easier so that businesses can get their tax returns correct.HMRC allowed some charities an extra six-month delay period to prepare for Making Tax Digital, which will come to an end on 1st October 2019. The MTD regulations apply to all UK registered charitable trusts that Read More...

Preparing for the CIS Domestic Reverse Charge

HMRC’s new Domestic Reverse Charge (DRC) scheme has been delayed until October 2020, giving businesses more time to prepare. If you’re not sure what this means for your business take a look at our short guide to the Domestic Reverse Charge or our earlier blog post here,Use the extra time to ensure that your business is ready. We’ve put together a checklist of things to think about before the changes take place.If you are currently registered under the flat Read More...

Sage Version 26 – what’s new for 50cloud Accounts in 2019?

The latest upgrade of Sage 50cloud Accounts – Version 26 – has been released with new and improved features to make your business accounting processes pain-free. Upgrade now to take advantage of the new features of Sage 50cloud version 26.With the release of Version 25, Sage announced that it would be focusing on adding more value to its Sage 50cloud Accounts software and limiting the features on Sage 50 Accounts. This has continued in Version 26 and so Read More...

IR35 – Off-Payroll Tax Changes

From April 2020, HMRC is rolling out its IR35 tax rules to incorporate private sector contracts as well as the public sector rules already in place.IR35 – What is it?IR35 or off-payroll tax law allows HMRC to treat fees paid to a limited company as if they were a salary paid to an employee. This means that the contractor’s fees are taxed at source by their clients.IR35 and the Public SectorIn April 2017, the IR35 laws were introduced into the public sector. Read More...

Free Training Manuals with Sage 50Cloud Subscription

September is the perfect time to brush up your skills, whether discovering new software or refreshing your knowledge of a familiar platform – take advantage of our exclusive Autumn offer and free Sage-approved training manuals for Sage 50Cloud Accounts.With every Sage 50cloud subscription order purchased by October 31st 2019, we’re giving away FREE training manuals (up to a value of £85) guaranteed to help you make the most of your software package.Sage 50cloud essentials – 1x manual Read More...

Domestic Reverse Charge – New VAT rules for the construction industry.

From October 2020, HMRC will change the way it collects VAT from businesses working in the Construction Industry Scheme (CIS). Under the existing scheme, the VAT liability lies with the supplier of services, however the changes mean that the responsibility will transfer to the end recipient instead. It is estimated that the changes will affect up to 150,000 businesses in the construction and building sector.The Domestic Reverse Charge (DRC) was announced in 2017 to combat VAT fraud in Read More...

Software: Perpetual Vs. Subscription – what’s best for business?

One of the most important questions to consider when purchasing software is Perpetual versus Subscription – which is best for your business? Of course, this depends on the needs of your business and how you intend to use the software. For example, is it important for you to always be on the latest version of the software? Do you expect to add users as your business grows?Read below to see the different benefits that subscription and perpetual software licenses offer your business.  Perpetual Software Read More...

Small Business Tips To Tackle Late Payment Culture

Small businesses employ more than half of all private sector workers and together they contribute more than 50% of total UK GDP. As a major driving force of the economy, the government has recognised that we need measures in place to protect small businesses from the harmful effects of late payments.Research from FSB shows that 37% of small businesses have run into cash flow difficulties, 30% have been forced to use an overdraft and 20% cite a slow down in profit growth due to late Read More...