Personal allowance

Individuals can receive an amount of income before having to pay income tax. This is known as the personal allowance. This varies from year to year. Taxfiler will allocate the personal allowance relevant to the tax year you are completing.

The personal allowance is reduced for those individuals earning more than £ 100 000, in this case the basic personal allowance is reduced by £1 for each £2 you earn over the £ 100 000 limit.

Where the individual has gift aid and pension contributions this increases the basic rate limit and increases the £100 000 limit by the same amount.

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

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Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

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User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

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