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This post was updated on 11/28/21, removing "2020" from the text. For your W2 and 941 reporting, the following resources are available to help you track and report COVID-19 related pays: • The Families First Coronavirus Response Act (United States…

I just update our Sage 50 to 2021.1 version and generate T4 for 2020. However, I found the data in box 57, 58 , 59, 60 (required by government for 2020 Covid-19) are not correct. Our company has a semi-monthly payroll period. However, 57 , 58, 59…

On 5 January 2021 the UK Government announced a one-off grant to support UK businesses in the retail, hospitality and leisure sectors during the Coronavirus outbreak. We've created a Sage Knowledgebase article to explain how to account for any grants…

HMRC are reminding businesses that the deadline for CJRS claims for November is December 14th. For an overview of the scheme and how to record any claims in Sage 50cloud Accounts, read more >

The year-end version of Sage 300 Construction and Real Estate Accounting, which is planned to be available in mid-December, will include changes to accommodate the 2020 T4 requirements that were announced by the Canada Revenue Agency. You can learn about…

The Minister of Employment and Labour has withdrawn the Covid-19 TERS (Temporary Employee/Employer Relief Scheme) effective 15 October 2020. Qualifying employers can claim TERS for qualifying employees until 15 October 2020, after this, TERS will no…

The Minister of Employment and Labour has withdrawn the Covid-19 TERS (Temporary Employee/Employer Relief Scheme) effective 15 October 2020. Qualifying employers can claim TERS for qualifying employees until 15 October 2020, after this, TERS will no…

To help you process Coronavirus related statutory sick pay (SSP) in Sage 50cloud Payroll, we've got an article covering: Setting up a new Coronavirus SSP pay element. Adding the pay element to employee records. Daily rates of SSP. Setting up…

If your business is eligible, the Coronavirus SSP Rebate Scheme will repay statutory sick pay (SSP) to you for any current or former employees that you've paid Coronavirus-related SSP on or after Friday 13 March 2020. If you top-up your employee's pay…

The Disaster Management Tax Relief Act and the Disaster Management Tax Relief Administration Act were published on 5 November 2020. Click here for an updated document to reference the Acts and to include the extension of the PAYE deferral. Although…

The Disaster Management Tax Relief Act and the Disaster Management Tax Relief Administration Act were published on 5 November 2020. Click here for an updated document to reference the Acts and to include the extension of the PAYE deferral. Although…

The Government has announced that the Coronavirus Job Retention Scheme (CJRS) - also known as the Furlough scheme, has been extended until 31 March 2021 . This means the Job Support Scheme (JSS), which was scheduled to come in on Sunday 1 November,…

SARS published a notice on their website on 7 October regarding the payment of deferred amounts. See original post here . A new notice regarding the repayment of the deferred PAYE amounts was published by SARS on 26 October 2020. View the notice…

SARS published a notice on their website on 7 October regarding the payment of deferred amounts. See original post here . A new notice regarding the repayment of the deferred PAYE amounts was published by SARS on 26 October 2020. View the notice…

The October edition of Sage Customer Support News is now available . Topic's include: Month support bulletins Save time recording salaries How to record money received Self-Assessment New VAT rules for construction services Covid 19 information…

If the update to Release 5.4c was not installed in May 2020, but installed in June or later, year to date corrections must be made to remove the SDL values for May (or any other month within the 4 month SDL payment holiday period). Find out how to complete…

If you claimed too much under the Coronavirus Job Retention Scheme, you can correct this in your next claim. Alternatively, you can notify HM Revenue & Customs (HMRC) and repay the money to avoid interest and penalties. For information about how to…

According to Government Gazette 43693 , the TERS benefit shall remain in operation for as long as the declaration of Covid-19, in terms of the National Disaster Management Act, as a national disaster subsist or until withdrawn by the Minister, whichever…

According to Government Gazette 43693 , the TERS benefit shall remain in operation for as long as the declaration of Covid-19, in terms of the National Disaster Management Act, as a national disaster subsist or until withdrawn by the Minister, whichever…

COVID-19 related relief impacts Form 941 tax filing effective June 30, 2020.The final version of the updated 941 and the instructions are available on the IRS site. Sage is finishing our preparation to support Form 941 in anticipation of updated IRS filing…

SARS published a notice regarding the repayment of the deferred PAYE amounts. View the notice here . We are aware that there have been questions on the forums related to this subject. Should you have any inquiries, please contact SARS .

The updated Form 941 for Q3 has been finalized by the IRS and is now available via an automatic payroll forms update. If no employees have utilized the FICA deferral in Q3 the prior form may be used. For guidance on deferring U.S. payroll taxes in Sage…

The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce. To help you prepare, we've put together a handy guide…

SARS published a notice regarding the repayment of the deferred PAYE amounts. View the notice here . We are aware that there have been questions on the forums related to this subject. Should you have any inquiries, please contact SARS .

The Canada Revenue Agency recently announced new T4 reporting requirements for the 2020 tax year. Sage is reviewing these requirements to determine the next steps. You can read about the changes here: https://www.canada.ca/en/revenue-agency/campaigns…