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If you are thinking of buying in any accounting or payroll systems, then talk to us first. We are in a position to offer impartial advice, and even direct you to suppliers that may save you money. How often have you read, "using our accounting software is easy to use, and will save you time". What manufacturers don't tell you, is how long it will take you to set up the necessary administrative processes around your new software, to make it work in the first place.We have many years of experience in designing accounting systems for small to large businesses.
These infosheets have been written to act as a useful reference library of the typical questions we find we are asked most often. The advice provided within these infosheets are written as a general guide only. For this reason, you should seek our professional opinion before acting or relying upon this generalised advice.
Note 1: Where income is above 100,000 the Personal Allowance reduces by 1 for every 2 of income above the 100,000 limit. It can go down to zero. This reduction applies to all people irrespective of age or date of birth. The allowance reduces by 1 for every 2 of income above the specified income limit of 27,700, but never falls below the minimum amount specified above. Tax relief for the Married Couples Allowance is given at 10%. Deadline for submitting online your 2020/2021 self assessment tax return.
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