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Complete the following preparation tasks:

1. Install your year end software update:

• Click Help, then click About check the version begins v30.00

If not, download and install Sage 50 Payroll year end update before you move on.

 Completed

2. Update National Insurance (NI) rates announced in Spring Budget 2024:

• You must update your NI rates. Check for legislation updates

 Completed

3. Pay your employees for the last time in the 2023/2024 tax year:

• From the payroll desktop, check the date in the Last Updated column

If you pay your employees on Thursday 4 April or Friday 5 April 2024, you may have an extra pay period at the end of the tax year. The extra pay period is commonly known as Week 53. Find out how to identify and process week 53.

 Completed

4. Process any leavers who left on or before 5 April 2024:

• From the payroll desktop, check the Current Status column to see if it shows Leaver

 Completed

5. Submit your FPS for the last pay period:

• From the payroll desktop, check the date in the last FPS Date column

 Completed

6. If required, submit your employer payment summary (EPS) for month 12:

• Click e-Submission, then click e-Submission Log

 Completed

7. Back up your Sage 50 Payroll data:

• Click File, then click Backup and follow the steps in the Backup Wizard

 Completed

Next steps

You've completed the preparation steps and are ready to process your payroll year end.