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Timesaver:Calc for Tax 2009/10 NEW!

REMEMBER If you BUY YOUR SOFTWARE NOW you GET 2009-2010 software for FREE. 16 months for the price of 12. Nothing else to pay until April 2010.

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.

With this version you can also calculate 2008/09 and legacy tax years going back to 2005/06.

Download our fully functional, free 30 day trial and see for your self, Version 5.0.1 covers Tax and NI calculations from 6 April 2009.

News

Finally we have version 5.0.1 that covers Tax and National Insurance contributions for 2009/10. It was a relief to get the information for Tax changes that will now take effect from 6 April 2009 as well as the new National Insurance calculation routines.

The introduction of the new national insurance band D or ‘Upper Accrual Point’ has shifted the rest of the bands up creating a new band E for the Upper Earnings Limit. There where also some changes to rounding and Directors calculation formula.

Tax Changes

Personal Allowance £6,475
Personal Allowance for people aged 65-74 £9,490
Personal Allowance or people aged 75 and over £9,640
Married Couples Allowance (born before 6/4/1935) aged 75 and over £6,965

(These age related allowances are subject to an income limit which will increase to £22,900.)

Minimum amount of Married Couples Allowance £2,670
Blind Persons Allowance £1,890

The Income Tax rates remain unchanged, but new Income Tax bandwidths will take effect from 6 April 2009 and revised payroll software must be used from this date. The revised bandwidths are

Basic Rate 20% Bandwidth £1 to £37,400
Higher Rate 40% Bandwidth £37,401 and above.

The code for emergency use with effect from 6 April 2009 is 647L.

National Insurance Changes

Lower Earnings Limit £95 a week
Earnings Threshold £110 a week
Upper Accruals Point £770 a week
Upper Earnings Limit £844 a week

From April 2009 the contracted-out rebates remain as follows:

Contracted-out Salary Related Schemes (COSR), 3.7% for employers and 1.6% for employees
Contracted-out Money Purchase Schemes (COMP), 1.4% for employers and 1.6% for employees.

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! WITH 2009/01

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 2009/10. 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 2008 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 2008 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 2009/10 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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