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Umbrella companies have become more prevalent in the UK since the British government introduced so-called "IR35" legislation that creates tests [1] to determine employment status and ability to make use of small company tax reliefs. According to criteria set out by the UK Department for Business, Innovation & Skills, there are an estimated 4 ...
Payroll service bureau. A financial bureau is an accounting business whose main focus is the preparation of finance for other businesses. In the United States such firms are often run by Certified Public Accountants, though a typical financial processing company will refer to itself as a bureau rather than a CPA firm, to distinguish its finance ...
Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
Peterborough Software. Peterborough Software was a payroll and human resources software and services company started in Peterborough, England in 1963. It is notable for being a pioneer of computerised Payroll Services and Software in the United Kingdom, as cited by UK magazine Personnel Today. [1] The company was acquired by Northgate ...
Sage 50. Sage 50 is a set of accountancy and payroll products developed by Sage Group aimed at small and medium enterprises. Sage offer unrelated products under the Sage 50 name in different regions. The product name originally derives from the UK and Ireland version of the product where the number 50 indicated that it was aimed at companies ...
Bacs. Bacs Payment Schemes Limited (Bacs), previously known as Bankers' Automated Clearing System, is responsible for the clearing and settlement of UK automated direct debit and Bacs Direct Credit and the provision of third-party services. [1] Bacs became a subsidiary of Pay.UK (formerly known as New Payment System Operator (NPSO)) on 1 May ...
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