News and events from TaxCalc
Innovation in Practice, The Digital Tax People, passion, creativity, simplicity, fun, enjoyment, respect, to name just a few. Are they just words or do they mean something more? I’ve only been here a few months and have already seen first-hand how these descriptors make TaxCalc who and what we are.
We always try to share information and insights to support your life in practice. In this case, it’s the curious case of additional disclosures required by Micro-Entities (FRS 105)
Until recently, it hasn’t been necessary for accountants to provide much in the way of notes to Micro-Entity accounts. But that’s now changed.Read more
EVERYONE MAKES MISTAKES – EVEN HMRC!
But don’t worry. The fix is on its way.
You may already know that HMRC has made a number of changes to the Personal Savings and Dividend Tax Reform, which became effective from 6th April this year. You’ll also probably know by now that errors were made in the calculation of tax liabilities.
It’s meant that those affected are unable to electronically submit Tax Returns (if an error registers it’s called an Exclusion). Instead they have to file a paper Return, providing at the same time a ‘reasonable excuse’ form. This has proven highly inconvenient and is a potential problem that’s common to users of all brands of tax software.
But fear no more. At TaxCalc we’ve been working closely with HMRC to remedy the situation quickly.Read more
Companies filing their accounts late can incur an eye-watering £1,500 fine after six months. One would think that’s enough to focus the mind, yet the number of penalties being handed out by Companies House has seen a spike over the past year. The stats for the year to March 2017 make interesting reading...
Moving home. Classically, the stuff of nightmares. Suddenly you realise you’ve accumulated a thousand car boot sales’ worth of junk. All the furniture that’s looked perfectly respectable in this, the current gaff, will simply HAVE to go. Will the telly work in the new place? God, what about broadband? It’s going to be a wrench. Will the kids adjust? How are they going to remember the new address? Can we really afford the four-times-the-size, costs-a-small-fortune doer-upper we’re moving to?Read more
As you may have heard in recent announcements, such as the one from our CEO Tracy Ebdon Poole Making Tax Digital for Business has been delayed. However, the ability for information to be automatically populated in a Self Assessment tax return is still pressing on.
Having first written about this in early 2016, we thought it was time to update our customers as to the progress of this.
HMRC’s latest Making Tax Digital announcement has taken the accountancy and small business communities by surprise. TaxCalc remains committed to delivering the best MTD solution to its customers, whatever the timeframe.
At this year's Accountex Exhibition we introduced a number of breakthrough products, including two new Company Secretarial solutions, Company Incorporator and Company Forms. With the unveiling of our Making Tax Digital strategy, TaxCalc proved itself to remain ahead of the pack. MTD updates to our practice management software, Client Hub were announced alongside TaxCalc MTD, an integrated, end-to-end modular solution comprising, Cashbook (record-keeping), Business Tax (quarterly reporting) and Tax Return production.