We are thrilled to invite you to an exclusive webinar recording on the topic of Pegasus CIS 5 Subcontractors, where we delved into the intricacies of the UK HMRC Subcontractors scheme and its seamless integration into our software. Louise Dickenson, industry specialist and established Pegasus CIS product trainer, shared valuable insights and best practices during the webinar. Don't miss this opportunity to enhance your knowledge and understanding of CIS 5 Subcontractors, whether or not you are a current user. Comprehensive Subcontractor Control: Explore how our Subcontractors Ledger streamlines the regulatory requirements of HMRC's Construction Industry Scheme while efficiently managing subcontractors' details, including their Unique Taxpayer Reference and verification status. HMRC Construction Industry Scheme: Discover how Pegasus CIS 5 simplifies the verification process of subcontractors' tax status with HMRC, ensuring compliance and accuracy in payment processing. Applications, Invoices, and Timesheets: Learn how our system facilitates the processing of subcontractor applications, invoices, and timesheets while adhering to HMRC regulations, enabling smooth and error-free transactions. Domestic Reverse Charge VAT: Understand the implications of Reverse Charge VAT for construction services and how Pegasus CIS 5 ensures full compliance with these regulations. Payments: Explore our streamlined payment process, from selecting approved applications for payment to generating Payment Certificates, all while maintaining full compliance with the Construction Industry Scheme. Please find below the guides available for the following: Payroll Upgrade Checklist Guide Legislative & Software Changes Rates and Bands for NI, PAYE and Stat. Payments We are excited to announce that the Annual Payroll Seminar from o-a-sys is back for another year, bringing Pegasus Payroll directly to your desk. With year-end fast approaching our complimentary Pegasus End of Year Payroll Seminar is a great way to prepare your business for the months ahead. This seminar is designed to provide you with the latest HMRC legislative and technical changes that will be introduced into your payroll software. This year we had Bruce Kidd from o-a-sys to cover everything new regarding Opera 3 Payroll 2024 and run through the year end. We will also give an update on new utilities available for Pegasus Payroll. This is a recording of the 7th March 2024 webinar. Today, 6 March 2024, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Spring Budget and set out the government’s plans to bring forward a series of reforms to ensure the tax system is simple, fair, keeps pace with economic developments, and supports public finances. One of the tax measures relevant to you as an employer was on National Insurance contributions.
The government has announced a cut to the main rate of Class 1 employee NICs from 10% to 8% from 6 April 2024. Taxes for the self-employed will also be cut by a further 2 pence on top of the 1 pence cut to 8% announced at Autumn Statement. This means that from April 2024 the main rate of Class 4 NICs for the self-employed will now be reduced from 9% to 6%. We ask that you take steps now to start work with your payroll software provider, and where applicable IT delivery partners, to get ready to implement the change to Class 1 employee NICs that comes into effect from 6 April 2024. HMRC’s Basic PAYE Tools product will be updated to reflect this latest change. Another measure the government announced was on the High Income Child Benefit Charge, and an increase to the threshold to £60,000 from 6 April 2024, with a taper up to £80,000. The charge will be 1% of the Child Benefit for every £200 of income that exceeds £60,000 and will equal the payment for income that exceeds £80,000. Your employees may be interested in claiming Child Benefit or restarting Child Benefit payments if they have previously opted out. The charge is tapered, so if they, or their partner, earns between £60,000 and £80,000 it can still be worth their while financially to claim. Claims for Child Benefit can be made in the HMRC app or online and are automatically backdated for 3 months, or the date of birth of the child if later. New guidance on the charge has been published today and you may wish to share this with your employees. Further information on both the NICs and High Income Child Benefit Charge measures can be found on GOV.UK. Information on all of the measures announced can also be found on GOV.UK. For an overview of all the tax legislation and rates announced, read the Overview of tax legislation and rates (OOTLAR). HM Revenue and Customs Welcome to the recorded session unveiling the power and versatility of the Opera 3 Reporter module. Crafted with precision to enhance your reporting experience, this module empowers users to effortlessly generate customised reports, offering the flexibility to save and print at your convenience. Furthermore, it serves as a seamless export tool, facilitating data transfer to third-party products with ease. In this recording, we delve deep into the functionalities of the Reporter module, exploring essential topics such as creating reports for Excel, appending reports to the menu for all users, and more. Whether you're an experienced Opera 3 Reporter user, a newcomer, or someone intrigued by its potential, this session is tailored to enrich your understanding of these modules and unveil how they can revolutionize your reporting capabilities. Without further ado, let's embark on a journey to unlock the full potential of Opera 3 Reporter. In the spirit of the season, the o-a-sys team extends warm wishes to you and your family for a Merry Christmas and a New Year filled with joy, happiness, and success.
As we reflect on the year gone by, we are grateful for the support of our valued customers, dedicated suppliers, and cherished friends. Your partnership has been instrumental in our success, and we look forward to our continued collaboration in the coming year and beyond. In lieu of sending Christmas cards, we've chosen to make a contribution to local charity Porchlight for the incredible work they do to combat homelessness and help the vulnerable. With values like inclusiveness, integrity, compassion, empowerment, passion and innovation they are changing lives. For further details about the impactful work undertaken by Porchlight, please visit their website. Our special holiday opening times ensure that we remain available to assist you during this joyful time of the year. Christmas and New Year Opening Hours We will be open every working day during the Christmas and New Year period, with our telephone support lines open during the following times. Friday 22nd December - 09:00 - 17:30 Monday 25th December - Closed Tuesday 26th December - Closed Wednesday 27th December - 10:00 - 15:00 Thursday 28th December - 10:00 - 15:00 Friday 29th December - 10:00 - 15:00 Monday 1st January - Closed Tuesday 2nd January - 09:00 - 17:30 normal opening hours resume Support queries can be logged outside our opening hours by email to support@o-a-sys.co.uk or by completing the Support Request form on our website. If you have any queries, questions or concerns about these timings, please do not hesitate to contact us . Merry Christmas! The o-a-sys team It is my pleasure to extend a warm invitation to you for our complimentary webinar on "Opera 3 Hints & Tips" scheduled for November 30th at 10am. During this engaging session, we will delve into various modules, providing valuable insights and reminders for often overlooked features. These tips are geared towards optimizing your experience and streamlining operations for a more efficient workflow. In our pursuit of excellence, it is imperative to periodically revisit the fundamentals and unearth hidden gems that can greatly enhance our day-to-day operations. This webinar aims to do just that. Exciting news! On November 29th, we hosted a stellar launch for AP Automation to our esteemed Pegasus Opera 3 customers. The dynamic duo, yourself, and the incredible Steve Power from Pegasus, steered us through a journey of innovation and efficiency. Now, presenting the recording of this groundbreaking event, capturing insights, discussions, and the spirit of collaboration. Buckle up for a replay that's bound to redefine the future of our financial processes! In 2019 HMRC introduced a permanent easement on reporting PAYE information in real time. We are aware some employers pay their employees earlier than usual over the Christmas period. This can be for a number of reasons, for example, during the Christmas period the business may close, meaning workers need to be paid earlier than normal.
If you do pay early over the Christmas period, please report your normal or contractual payday as the payment date on your Full Payment Submission (FPS) and ensure that the FPS is submitted on or before this date. For example, if you pay on Friday 15 December 2023 but the normal or contractual payment date is Friday 29 December 2023, you will need to report the payment date on the FPS as 29 December 2023 and ensure the submission is sent on or before 29 December 2023. This will help to protect any of your employees who are eligible for Universal Credit. Reporting the payday as the date payment is made may affect current and future entitlements to Universal Credit. The overriding PAYE reporting obligation for employers is unaffected by this exception and remains that you must report payments, on or before the date the employee is paid. Yours faithfully HM Revenue and Customs Dear customer,
Today, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Autumn Statement package sets out a number of tax measures designed to strengthen economic growth through supporting British businesses and increasing the number of people in work. The statement also announces a range of administrative changes which make the tax system simpler and more modern, ensuring businesses can interact with it more easily. Some of the key measures are detailed below, and information on all the measures announced today, including the annual uprating of duties and rates, can be found in the Autumn Statement 2023 and in other documents from the Office for Budget Responsibility. An overview of all the tax legislation and rates announced today is also available. Tax Information and Impact Notes (TIINs) contain more detail on the impact of measures that are being legislated for. National Insurance contributions (NICs) rates The government has announced a cut to the main rate of Class 1 employee NICs from 12% to 10% from 6 January 2024 and a cut to the main rate of Class 4 self-employed NICs from 9% to 8% from 6 April 2024. It has also announced that no one will be required to pay Class 2 self-employed NICs from 6 April 2024. Details of this change are: • from 6 April 2024, self-employed people with profits above £12,570 will no longer be required to pay Class 2 NICs but will continue to receive access to contributory benefits including the State Pension • those with profits between £6,725 and £12,570 will continue to get access to contributory benefits including the State Pension through a National Insurance credit without paying NICs as they do currently • those with profits under £6,725 and others who pay Class 2 NICs voluntarily to get access to contributory benefits including the State Pension, will continue to be able to do so The government will set out next steps on Class 2 reform next year. We will be publishing further guidance on these changes shortly, in the meantime we would ask that you take steps now to start work with your payroll software provider, and where applicable IT delivery partners, to get ready to implement the change to Class 1 employee NICs that comes into effect from 6 April 2024. HMRC's Basic PAYE Tools product will be updated to reflect this change. Extending the National Insurance contributions (NICs) relief for hiring veterans The government has extended the NICs relief for employers who hire former members of the UK regular armed forces until 5 April 2025. This provides a relief to employers on the secondary Class 1 NICs due on the wages of veterans for the first 12 months of their first civilian employment. The relief applies to earnings up to the Veterans Upper Secondary threshold, which is £967 per week. Capital Allowances – permanent full expensing At Spring Budget 2023, the government introduced two new temporary first-year allowances. For qualifying expenditure on the provision of plant or machinery incurred on or after 1 April 2023 but before 1 April 2026, companies can claim a 100% first-year allowance for main rate expenditure – known as full expensing – and a 50% first-year allowance for special rate expenditure Today’s announcement makes full expensing and the 50% first-year allowance permanent by removing the expiry date of March 2026. Tax reliefs A range of measures on tax reliefs have been announced, including enhanced support for Research and Development (R&D) intensive small and medium-sized enterprises, an extension to the 'sunset date' for freeport tax reliefs and administrative changes to the creative industry tax reliefs. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) design changes The government will make design changes to MTD for ITSA, simplifying and improving the system for taxpayers and their representatives. The requirement to provide an End of Period Statement will be removed and some taxpayers, including those without a National Insurance number, will be exempted from MTD. Taxpayers who are using MTD will be able to be represented by more than one tax agent. Draft regulations will be published for technical consultation later in 2023. National Minimum and Living Wage Uprating 2024 to 2025 From 1 April 2024, the National Living Wage will increase by 9.8% to £11.44 an hour for eligible workers across the UK aged 21 and over. Young people and apprentices on the National Minimum Wage will also see a boost to their wages, which will increase to £6.40 an hour. Off-Payroll Working (IR35) – calculation of PAYE liability in cases of non-compliance The government will legislate in Finance Bill 2023 to enable organisations to reduce their additional PAYE liability under the off-payroll working rules, to account for Income Tax and Corporation Tax already paid by a worker and their intermediary where a client organisation has been found to be non-compliant with the rules. The changes will take effect from 6 April 2024. A summary of responses to the consultation launched in April 2023 has also been published. Yours faithfully HM Revenue and Customs Dive into the future of seamless Payroll & HR management with Opera 3! Here are some stellar facts: 1️⃣ Unlimited Scalability: Manage multiple companies and employees effortlessly – it's the standard, because why settle for less? 2️⃣ HMRC Harmony: Stay worry-free with full HMRC compliance. Your payroll is in safe hands. 3️⃣ Tech Integration Magic: Develop a symphony of efficiency by linking Time & Attendance systems seamlessly. 4️⃣ P11D Made Easy: Navigate the complex world of P11D effortlessly with our dedicated software. 5️⃣ Pensions Perfection: Add a touch of finesse with NEST and NOW pensions integration – because your employees' futures matter. 6️⃣ Tax Code Tango: Stay in rhythm with HMRC. Link up for swift tax code changes. 7️⃣ Statutory Payment Simplified: Effortlessly handle statutory payments like a maestro, making compliance a breeze. Ready for a revolution in your Payroll processes? Stay tuned for our upcoming datasheet release – unlocking a world of possibilities! #Opera3 #Pegasus #PayrollHR 👋 As we reflect on the challenges of the last few years, it's time to revisit our insightful and heart warming chat series (Just checking in......) with some of the best businesses in the UK. Each episode delved into their journey, struggles, and inspiring adaptations. Each episode is based on three simple questions: 1. Who are you and tell us a bit about what you do? Our guests shared their stories, giving us a glimpse into the passion and dedication behind their businesses. From local gems to hidden treasures, we uncovered the vibrant tapestry of the UK business landscape. 2. How has 2020 affected you so far? The candid discussions about the impact of 2020 were both raw and real. We explored the challenges they faced, the hurdles that seemed impossible, and the moments that tested their resolve. 3. What positive change have you made to adapt to that? But it wasn't all about adversity; it was about resilience. Our guests didn't just weather the storm; they set sail in new directions. We learned about the positive changes they embraced, the innovative pivots, and the collective spirit that defines the UK business community. 🎬 Watch the trailer now for a sneak peek! https://www.youtube.com/watch?v=e2O21-SdL-Q 🎬 Watch all episodes: https://youtube.com/playlist?list=PLoLT73xVXQ6RK5XzpQ8_gNs4pYBaSyyWB&si=tJ_hNMN1xQSUlBfd And don't miss the end for some hilarious outtakes that capture the lighter side of these incredible conversations. It's not just informative; it's fun, enlightening, and, at times, downright hilarious! 😄 Let's celebrate the strength, adaptability, and humour that define us. Stay tuned for the journey down memory lane, and here's to the power of positivity in the face of adversity! 🌈🌟 #Throwback #BusinessResilience #PandemicChatSeries We are delighted to present to you a valuable resource for financial management and business optimisation. Join us as we dive into the world of Fixed Assets with our Sales & Marketing Director, Bruce, who hosted a live webinar on Opera 3 Fixed Assets. This exclusive session, held on October 26, 2023, is now available for your viewing pleasure. In this recording, Bruce shares his insights and expertise, offering a unique perspective that reflects his wealth of knowledge and experience. Whether you're an aspiring entrepreneur, seasoned professional, or simply curious about the intricacies of financial management, this webinar provides valuable insights that are sure to enrich your understanding. We invite you to explore this recording and gain a deeper insight into the world of Opera 3 Fixed Assets. I am delighted to extend a warm invitation to the recording of our previous webinar on the topic of "Opera 3 Importing" that took place on September 28th at 10 AM. This session promised an in-depth exploration of the Opera 3 Import wizard, uncovering its diverse applications, functionalities, and an array of indispensable tools for seamless data importation. Regardless of whether you are well-versed in the intricacies of Opera 3 or are embarking on a journey of discovery, this webinar is tailored to enrich your grasp and proficiency. Our presenter will furnish you with practical insights and strategies to refine your importing procedures, affording you the luxury of both time and efficiency. Key Highlights of the Webinar:
These monthly webinars are a complimentary offering from o-a-sys, open to all Opera 3 users. It presents an invaluable chance to elevate your Opera 3 experience. Register for future monthly webinars in the Customer Zone of our website. See our exciting new Accounts Payable (AP) application for Opera 3 SQL SE in action by watching our demo video below. Introducing AP Automation for Pegasus Opera 3 SQL SE: Revolutionizing Your Accounts Payable in 2023!1/9/2023
In the ever-evolving landscape of business operations, staying on top of your invoices is paramount. Accounts payable departments have long grappled with the challenges of managing a mountain of invoices, risking late payments, and even fraudulent activities. But fret not, for the future of financial management is here – AP Automation for Pegasus Opera 3 SQL SE! Why is AP Automation an absolute must-have in 2023? Let's dive into the reasons:
Don't miss the opportunity to revolutionize your accounts payable processes. The Pegasus Opera 3 SQL SE AP Automation is your gateway to efficiency, visibility, and security in 2023 and beyond. Join us in this exciting journey towards financial excellence! Mark your calendars for an exceptional event as o-a-sys cordially invites you to an upcoming milestone – the recording of our highly anticipated monthly webinar. On Thursday, August 31, 2023, we're thrilled to bring you an in-depth exploration of the remarkable capabilities within Opera 3 Stock Control and Opera 3 Bill of Materials. This webinar promised a profound revelation into the potential that Opera 3 holds in revolutionising your stock management. Prepare to embark on a journey where seamless stock control operations and unprecedented insights into supply chain management will unfold before you. Our experts will deftly guide you through the intricacies of the Opera 3 Bill of Materials module, presenting an invaluable opportunity to refine production processes, manage assemblies with precision, oversee components, and establish meticulous costings. This is your chance to seize a transformative understanding of Opera 3 and unearth its unparalleled advantages for your organization. Should you wish to tailor these sessions to your queries or specific interests, we welcome you to reach out to us at bruce@o-a-sys.co.uk. We're committed to ensuring your questions find their answers amidst the insightful discourse. Operational Accounting Systems Limited trading as o-a-sys partners with Pegasus Software as their AP automation partner.
Ashford, Kent, UK: o-a-sys today announced an ongoing partnership with Pegasus Software. This new partnership will give o-a-sys’s customers access to best-in-class supplier invoice automation. “We are very excited to carry on with our Pegasus partnership, says Bruce Kidd, Sales & Marketing Director at o-a-sys. “AP Automation will save time, money and eliminate needless errors in processing Purchase Invoices.” “I am proud to witness the transformational power of AP Automation within Pegasus. With streamlined processes and cutting-edge technology, we are soaring to new heights of efficiency and accuracy. Embracing AP Automation has not only elevated our financial operations but has also unlocked the potential of our talented team, allowing them to focus on strategic initiatives and driving innovation. Together, we're riding the winds of progress, propelling Pegasus Software towards a future of unparalleled success.” says Julian Cassell, Business Development Manager at Pegasus Software. “ What will be achieved? Invoice capture and Accounts Payable Automation for Opera 3 SQL SE provides the simplest way of capturing and processing invoices and gives AP teams complete visibility to process invoices quickly and make smart budgeting decisions. About o-a-sys: (o-a-sys) is renowned for is setting up, developing and supporting specialist software solutions for small to medium sized businesses in the UK with a focus on Payroll, Pensions, Accounting, Reverse VAT, ECVAT, MTD, Inventory Optimisation, Business Intelligence, Construction Industry Solutions and Integrated Systems. we take great pride in the way that we take care of our customers, whether it is through our dedicated support, specialist development, informative marketing or exclusive events. We are a business that truly puts the customer first with an underlining ethos of integrity and honesty that has seen us through many years of trading and resulted in a number of accolades and loyal customers. About Pegasus Software: Pegasus is an award-winning provider of accounting, payroll and business software, with 40 years’ experience. The aim is simple: to build the finest business tools that will enable tens of thousands of companies like yours to run their operations every day effortlessly and profitably. Welcome to the recording for the Opera 3 Reporter module! This module has been thoughtfully crafted to empower users like you in generating quick and easy reports. It not only allows you to save these reports for printing at any time but also serves as an expert tool to seamlessly transfer data to third-party products. If you've been curious about the module's functionalities and want to harness its full potential, we have an exciting opportunity for you to watch the recording of the Reporter webinar from Thursday, July 27th, 2023, at 10 am. In this webinar we explored how to create reports that can be seamlessly run to Excel or appended to the menu for all users. It's a must-attend event for all Opera 3 Reporter users, whether you're already using it, a new user, or considering its implementation. Best of all, these webinars are completely FREE, so don't miss this chance to enhance your expertise within Opera 3 on the last Thursday of every month! See a full schedule in the Customer Zone. This paper highlights five steps in making a move to greater automation in accounts payable (AP) and looks at the key things to consider when establishing a business case. Supply Chain Management (SCM) at it’s most fundamental level, is managing the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination. Sales & Purchase order Processing are part of the Supply Chain Management applications in Opera 3. Sales Order Processing allows the management of your documents for the sales process and Purchase Order Processing help in the production of documents in your purchasing cycle. To help users better understand these modules, we had the Supply Chain Management webinar on Thursday 29th June 2023 at 10am. This is a FREE webinar and open to any Opera 3 Supply Chain users, new users and potential users. These webinars continue on the last Thursday of every month. Head on over to the customer zone to book for future webinars. The annual P11D filing date is now getting closer on the 6th July 2023. The Pegasus P11D software has been released.
This session has been designed to introduce you to and to give you a brief overview of what the Sales Pipeline management application is all about. SPM is a contact management tool which allows you to effectively handle relationships with your existing customers, suppliers, but more importantly, your prospects. By prospects I mean those companies that you haven't yet sold to, however, you still need somewhere central to store all communication and to track correspondence with your prospects to make sure that you do not lose sight of any opportunities in order to help you drive forward your sales. This recording is taken from a FREE webinar open to any Opera 3 Sales Ledger users, new users and potential users. For a full schedule of events visit our Customer Zone. This whitepaper looks at the role of BI in helping to mitigate risk, minimise costs and support greater visibility amidst a new inflationary environment for business. As 2023 speeds along, we continued with the monthly o-a-sys Webinars to look at specific areas in Opera 3. In this webinar we investigated the Nominal Ledger Maintenance and Utilities areas, discover Processing and Reporting. We also discovered Open Period Accounting and how the Credit Management Center can add value to your Opera 3 system. This recording is taken from a FREE webinar open to any Opera 3 Sales Ledger users, new users and potential users. For a full schedule of events visit our Customer Zone. |
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