TaxCalc Blog

Overview of our May release

Our latest video will introduce you to new and useful features we’ve packed into our latest release, helping you to prepare for GDPR and MTD.

TaxCalc Tax Return Production 2018. Released and ready for action!

This year, the TaxCalc team’s been working hard to bring you fully-compliant software for the 2017/18 tax year BEFORE the start of the compliance year. We know how you like to be organised!

2017/18 R40 Repayment claims. What’s changed?

As you approach the new Tax Year, claiming tax repayments with the R40 will be pretty much top of your To Do list.
 
This used to be the quickest way of getting a tax repayment. However HMRC has now issued an updated R40 repayment claim form for 2017/18 which changes the way repayments are sent.

How our latest Accounts Production updates will add zip to your practice

After picking up the trophy for best Accounts Production software at AccountingWEB’s Software Excellence awards 2017, we didn’t want to rest on our laurels. In fact, we’ve been busy improving TaxCalc Accounts Production further still to help you stay compliant and increase your efficiency. We’re delighted to share our latest updates with you here:

• A refresh of the styling within Edit Notes
• New quick filter and access options
• Improvements to Admin level notes and disclosures
• Additional statement preferences for FRS 102 1A
• Plus, many more…

HMRC Self Assessment APIs – Experiences and Developments

As our practitioner customers will be aware, in the latter half of 2017, we released our implementation of HMRC’s new Application Programming Interfaces (or APIs). This is data that HMRC has already received from different sources which can then be fed into the tax return. This facility has proven to be extremely useful, saving our customers a great deal of time and effort.

The TaxCalc guide to filing your Self Assessment return

Let’s be realistic. Filing your Self Assessment return is never going to be something that makes you whoop for joy. But it’s a necessary thing to do. As you probably know, you’ve got to get your tax return in by Jan 31 2018  at the very latest – or you’ll be liable for a £100 fine. No-one wants that, especially after the expense of Christmas.

HMRC waive late filing penalties for returns affected by an Exclusion

HMRC have provided information confirming they are waiving late filing penalties or interest where the 31 January deadline is missed or payment of the correct tax is less than it should be due to the continuing errors in HMRC’s 2016/17 tax calculation.  Read more for the full statement from HMRC...

10 Top Tips to beat the 31 January Self-Assessment blues

You probably know that the deadline approaching for submitting your Self Assessment tax return is the end of this month. Here are ten tax return tips to help you file your Self Assessment return in time and without stress.

It’s not just being late that can lead to a nasty letter from HMRC or a fine. By using TaxCalc we’ll also help check for errors and fix issues before you file your return meaning you’ll be much less likely to make any mistakes!