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  • Tax On Bonus Provision

    Hello, We have employee linked on the Tax on Bonus Provision link - he now received increase after the link and roll has been done. How do you change the bonus provision - If there is option for bulk as well - it would be appreciated. Do one just…
  • Patch deployed | Sage Business Cloud Payroll Professional Release 6.1b - Zimbabwe Tax File

    A patch file has been deployed for Sage Business Cloud Payroll Professional Release 6.0b on 26 June 2023. The following message will display on the Payroll Subscription screen: What is included in the patch file? The patch file includes: Africa…
  • Provision for Tax on Annual Bonus and Bonus Payments

    Do your employees make monthly provision for their tax on annual bonus? If your allow this on your payroll, please ensure check their year-to-date bonus provision before making any annual bonus payments this December. What is provision for tax on…
  • Provision for Tax on Annual Bonus and Bonus Payments

    Do your employees make monthly provision for their tax on annual bonus? If your allow this on your payroll, please ensure check their year-to-date bonus provision before making any annual bonus payments this December. What is provision for tax on…
  • Legislation we are watching for Sage Fixed Assets

    We are keeping an eye on two tax packages approved by the House Ways and Means Committee on June 14. The Build It in America Act (H.R. 3938) retroactively extends, through 2025, some TCJA provisions that expired as of 1 January 2022, including: …
  • Do your employees make monthly provision for their tax on annual bonus?

    Do your employees make monthly provision for their tax on annual bonus? If your allow this on your payroll, please ensure check their year-to-date bonus provision before making any annual bonus payments this December. What is provision for tax on…
  • Do your employees make monthly provision for their tax on annual bonus?

    Do your employees make monthly provision for their tax on annual bonus? If your allow this on your payroll, please ensure check their year-to-date bonus provision before making any annual bonus payments this December. What is provision for tax on…
  • Bonus to subcontractor

    Hello there, we are thinking of paying a bonus to a labor subcontractor that did a great job finishing a project. I am not sure how to proceed in Sage - do I put this under account of labor subcontractors - but that would mean we have to have an invoice…
  • Tax On Bonus Provision

    Good Day, Is there a difference between the Monthly and Weekly methods for the Tax on Bonus Provision. Please can you show how it is supposed to look then I can compare. Thank you
  • Bonus Provision

    Good day, This is the first year that I have needed to include in my payroll tax provision for the annual bonus. How do I go about adding this to the employee's pay screen? Your help with regard to applying this to my payroll would be greatly appreciated…
  • Bonus

    Good Day Please assist in clarifying. Last time I phoned the call Centre I was advised that if you use separate Payslips you Must change the average tax to normal tax otherwise it give a lot of tax back. I have done the bonus run on a separate…
  • Bonus

    Hi Employees that was not linked for Bonus Provision was not taxed when the Bonus was paid Using Separate Payslips (weekly payrun) . When the normal weekly pay run was done now the system taxed these employees to the effect of negative nett pay. …
  • Attendance Bonus

    Hi There Please confirm Quarterly bonus it be processed to 3601 or 3605? This is for weekly and monthly companies. Thank you
  • Bonus Tax Calculation

    How do you set up an income in Sage so that it uses the bonus method to calculate the taxes for a bonus paid to employees? Taxes need to be calculated differently than for regular income and I don't see a way to set this up. I've called Sage twice and…
  • Non-cash bonus

    I need to record a non-cash bonus in payroll. I can't find any resources on how to do this. Any suggestions? Thanks.
  • Kenya: Tax changes - Finance Act No.8 of 2020

    With the release of the Finance Act, No. 8 of 2020 a few changes have been introduced that will affect the tax on Employment income. To view this document, please click here . The following changes will affect your payroll: Tax on Overtime/Bonus…
  • Kenya: Tax changes - Finance Act No.8 of 2020

    With the release of the Finance Act, No. 8 of 2020 a few changes have been introduced that will affect the tax on Employment income. To view this document, please click here . The following changes will affect your payroll: Tax on Overtime/Bonus…
  • IRS Releases Qualified Improvement Property (QIP) Guidance

    Overview The IRS has issued guidance to address legislative changes in the CARES Act. QIP placed in service in 2018 and later is now eligible for bonus depreciation and has a GDS life of 15 years (20-years ADS). The CARES Act, signed into law on March…
  • Provision for Tax on Annual Bonus - Am I applying this correctly on my payroll?

    Some companies allow employees to elect to pay extra tax toward the bonus throughout the year, and not only when they receive their bonuses. This feature is called Provision for Tax on Annual Bonus and requires the user to ensure the provision for tax…
  • Sage Fixed Assets: A Great 2019 with More Coming in 2020

    Every year the Sage Fixed Assets team strives to bring you features, enhancements, and updates in our products to improve your ability to bring value and efficiency to your organization. Partly driven by customer requests and partly by tax changes, 2019…
  • How to pay a bonus?

    I thought this would be reasonably easy but I am a bit lost on this. How do I pay myself a bonus apart from my regular salary? There appears to be no "bonus" category in the Payroll Cheque form section. Instead, I see Regular, Salary, Overtime, Commission…
  • Am I making sufficient provision for the tax on my annual bonus?

    Some companies allow employees to elect to pay extra tax toward the bonus throughout the year, and not when they receive their bonuses. This feature is called Provision for Tax on Annual Bonus and requires the user to ensure the provision for tax amounts…
  • How do I process a bonus on a separate payslip?

    My employees are receiving a bonus in July however, we would like to do it on a separate payslip for them. Does pastel payroll have this option to print two payslips for July? And what transaction do I use to process this.
  • Linked accounts not working (not showing wage payroll expense in reports)

    I have reviewed, verified and "refreshed" my linked accounts. One linked account, "Payroll Expense" (A calculation of stat. holidays and bonuses) as of November of last year is no longer calculating the totals on our Income Statement Report under Payroll…
  • Employee Payroll Advance

    1. An employee was given a cheque $178.56... as an advance that will come off of his next paycheck. I minus deductions from $184.00 to find $178.56 and write a cheque out manually from our cheque book. Was I right to minus deductions on this advance?…