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Timesaver:Calc for Tax 2008

Manual calculations are time consuming - time which could be used more profitably elsewhere. Timesaver: Calc for Tax is designed expressly to assist anyone who must manually calculate Gross to Net and Net to Gross figures for payslips or to check P45s. It instantly removes the need for tax and NI tables and produces a printed payslip on standard A4 paper. Packed with features to make your day to day payroll so much easier and save time and money.

Download our fully functional, free 30 day trial and see for your self, Version 4.1.2 covers Tax and NI calculations up to and including periods after 07 September 2008.

News

In his statement on 13 May 2008, the Chancellor of the Exchequer announced a £600 increase to the basic Personal Allowance. The Chancellor also said that the extra allowance should only benefit individuals who pay all their tax at basic rate. So, to make
sure that this happens, the Government will also reduce the basic rate limit by £1,200 to £34,800. We anticipate that the Government will make these changes effective for the purposes of PAYE from the first pay day on or after 7 September 2008. As usual, any changes to the Personal Allowance and basic rate limit are subject to the will of Parliament and Royal Assent to the annual Finance Bill.

Tax Codes with a suffix L, after 7th September 2008

Add 60 to any code with a suffix L, for example, old code 543L becomes 603L
You will not receive any other notification about changes to codes with a suffix L so you will need to take the action.

Note to Existing subscribers of Timesaver:Calc for Tax 2007.

If you have not received an email explaining the move of the Timesaver: product range, please drop an email to admin@payesoft.com with your new email address. There have been some emails bouncing back. For now we are concentrating on getting existing users up and running with the new version 4.

We will honour you previous renewal agreements, so if you purchased the software last year, you will get it this year at the renewal price.

Click here for out prices.

Print your own calculated Payslips online with WEBcalc NEW!

We have added printable payslips to WEBcalc. Now you can customize payslips with your company name and employee details. Try it out click here

What’s New in Calc for Tax? National Insurance and Tax changes for 2008/09 up to and including periods after 07 September 2008. New feature Ex-Pat Tax-Back calculation added to Net2Gross. New feature Non-Payable payment option added to payments (also for Ex-Pats) Optimized calculation speed up to 90%.	Updates Version 4.1.2 is up to date with current legislation; we added the bandwidth change to cover pay periods after the 7th September 2008. Please download version 4.1.2 update if you are currently running version 4.0.0.
UK Payroll News This year the lower tax rate (10%) has been removed so from £1 to £34,600 will now be calculated at 20%; Higher rates, over £34,600 will be calculated at 40%. in addition the £34,600 bandwidth changes to 36000 on the 18th of May, then to 34,800 in September 07.	Free UK Online WEBcalc Our easy to use and totally free WEBcalc is really turning heads! Tax and NI calculator for Weekly, Fortnightly, Luna and Monthly Pay periods. Directors NIC's calculations. Exact and Table method on NIC's. And much more… Click here to put it to the test…
UK Payroll Tip (what does my tax code mean?) These are called "suffix" codes. Codes 503L, 728P, 1003V, 742Y and 235T are all examples of suffix codes. For the purpose of calculating income tax, the suffix letter is not relevant - only the number is significant. The letter is used at the end of each tax year for updating the number part of the tax code for the following tax year.	UK Payroll Tip The number part of the tax code indicates to your employer how much is allowed against your earnings before calculating income tax. For example, "503" means that your "tax-free pay" for the tax year is £5,039; "728" means £7,289, "1003" means £10,039, etc

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