Payroll year-end 2021/2022

This article will outline the 2021/22 end of year procedure and provide you with a summary of the changes which are being introduced for the 2022/23 tax year.

Check if you have a week 53

Week 53 takes place when a company pay date falls on 5th April in 2022. This year the 5th of April falls on a Tuesday. Each year is made up of 365 days or 52 weeks and 1 day and when the extra day falls on your company payday, Week 53 comes into effect. If all of your employees are paid monthly just process your payroll as normal.

Qtac will perform this action automatically when processing week 53. The software will ignore all previous tax and pay for the year and will perform a standalone calculation in that pay period.

Read our latest blog for more information on week 53.

Need help with the software installation?

Continuing our mission to deliver you first-class service, we would like to offer you assistance with the installation of our 2022/2023 payroll software. If you would like any help with your installation, please contact our dedicated installation support team (installs@qtac.co.uk) who will be offering a free of charge remote installation service for a limited time only.

As a business, we also like to take the opportunity during our account calls to check that you are not experiencing any issues with the software and collect any feedback you may have about the product or service that we provide.

Preparing for the new tax year

To ensure your software is always performing to its best and that the migration into the 2022/2023 software goes smoothly, you will need to make sure your software is up to date.

Critical updates are released via live updates, and you should see software messages informing you of any new versions however, it is worth checking for updates by following the guidance below.

It is essential that both 2021/2022 and 2022/2023 are up to date before migration. The Qtac update guide can be found here. 

Health and Social Care Levy 

The government announced a new 1.25% Health and Social Care Levy to fund the NHS and Social Care. The levy will be effectively introduced from April 2022, when National Insurance Contributions (NICs) for working-age employees, self-employed individuals and employers will increase by 1.25% and be added to the current NHS allocation.

We encourage all employers to send out a communication to their employees or clients highlighting this change. This should help employees to gain a better understanding of the uplift, detailing what their increased NICs will be used for.

Qtac allows users to add a message onto employees’ payslips. To understand how to add a default payslip message, click here, or read our latest blog on the Health and Social Care Levy here.

The Statutory Sick Pay (SSP) Rebate Scheme 

The Statutory Sick Pay (SSP) Rebate Scheme has been temporarily reintroduced to support employers dealing with heightened levels of absence due to COVID-19.

Small or medium-sized employers with under 250 employees may be eligible to claim SSP costs for up to two weeks per employee for COVID-19 related absences from 21st December 2021.

This is a reintroduction of the scheme which originally ran until 30th September 2021. It is a new claims period. This means you can claim for up to two weeks of SSP per employee who has needed time off for Coronavirus related reasons, regardless of whether you claimed for them under the previous scheme. Claims can be made retrospectively from mid-January, and the employee must have already been paid the SSP.

Minimum Wage Rates for 2022

The table below shows the National Living Wage and National Minimum Wage rates which will apply from 1 April 2022. These have been accepted in full by the Government.

Migration Enhancements

Qtac are dedicated to implementing valuable features to our product, to improve efficiency. On migration, we’ve added the ability to automatically increase pay rates of employees paid the National Minimum Wage to make it even easier for clients to migrate.

Once your final pay period has been completed, and you’ve updated both years software, you can migrate the data from the 2021/22 version into the 2022/2023 software.

For more information on how to migrate last year’s data read our migration guide.

Webinars and Software Training

At Qtac we’re focused on bringing value-added features to our product to ensure that our customers have the best possible tools to maximise their business efficiency and improve the accuracy of their payroll. In 2021 we hosted several webinars to showcase our latest features, this is going to continue throughout 2022 with frequent webinars and training videos.

Payroll Run Control

Our latest feature, Payroll Run Control, allows you to effortlessly manage all payroll tasks in one place. There is no longer a need for spreadsheets or disjointed external systems to manage your payroll processes. Payroll Run Control transforms the way that you manage your day-to-day payroll activity increasing productivity.

Payroll Managers will have a full overview of their payrolls and processes. Payroll Run Control solves the problem of managing payroll and business activity. A guided workflow will improve the overall consistency and quality of work. Its low impact on Payroll Admins will help aid with its implementation and adoption.

Click on the following hyperlinks to Find out more and watch our Payroll Run Control webinar recording.

Qtac Portal

Complementing our core products, Qtac’s cloud-based Payroll Portal provides role-based access to, to all payroll communications for Accountants, Employers and Employees, in real-time, from any location or device.

The Portal empowers users to maintain their own personal records, eliminating the need for third parties to facilitate general maintenance on their behalf.

For more information click here or watch our Qtac Portal webinar.

Invoicing

Designed for accountants and Payroll Bureaux, Qtac’s invoicing function provides the ability to invoice customers directly from the payroll software. The feature, which for Payroll Specialist customers will allow global invoicing, will save time and resource spent manually calculating and raising invoices.

If you’re interested in finding out more about the Payroll Run Control, Qtac portal or Invoicing, please contact our sales team on 0117 9353500 or sales@qtac.co.uk.