To support individuals throughout the Covid-19 pandemic, the government had introduced new legislation regarding Statutory Sick Pay. If your absence from work is due to sickness…
The Coronavirus Job Retention Scheme has been put in place by the British Government to help protect jobs of employees who would otherwise have been laid off due to the COVID-19 pandemic.
Employers can use a portal to claim for 80% of furloughed employees’ (employees on a leave of absence) usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage. Find out more about eligibility here.
Please see below how to record furlough wages in your payroll software, so that you are ready to claim eligible amounts when the HMRC portal is open, for:
- Sage 50 Payroll
- Quickbooks Payroll
Xero have produced this article for how to process time off during furlough.
Sage 50cloud Payroll
Please see this extensive guide from Sage on how to process furlough pay in relation to the Coronavirus Job Retention Scheme.
This information is from Sage’s useful Coronavirus Hub which is worth checking back for new content.
In regards to the payroll year-end, Sage has a step-by-step guide on how to do this and how to install the new update here.
Quickbooks Online Payroll
Quickbooks have created a guide found here on how to process furlough pay in their Standard Payroll, Advanced Payroll and Paysuite packages.