TaxCalc Blog

Late Filing. The facts and figures (and how to avoid a £1,500 sting in the tail).

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...

Corporation Tax Loss Reform – An update to TaxCalc

Last Friday, HMRC emailed the accountancy practice community to inform that new rules concerning the relief and utilisation of corporate losses had taken effect.

The new rules were part of the legislation put before ministers earlier this year but, due to the General Election in May, were taken out as part of the ‘washing up’ of the original Finance Act – essentially, the passing of enough of the Budget to keep the country going...

An expert’s view on the New Small Companies Regime: Q&A with Steve Collings

With the new Small Companies Regime now in full swing (and, following the first mandatory filing deadline for FRS 102 section 1A and FRS 105 accounts with a December 2016 year end), we thought we’d take some time to reflect on its adoption. And so we’ve reached out to industry expert Steve Collings for a short Q&A to give his opinions on some of the challenges adopters are still facing.

Mortgage lenders now accept SA302 produced by TaxCalc

Great news. Buying a house has entered the digital age. We’re not talking browsing for a new place on an online estate agent’s website - but banks and building societies. 

Part-Time Taxperts and Accounting Action Heroes wanted

We’re TaxCalc, the UK’s fastest-growing independent tax and accounting software company, and we’re on the hunt for part-time tax and accounting experts living in the local community.

HMRC SA APIs AOK? Have your say

Following on from the release of the HMRC Fetch APIs within TaxCalc (and my previous blog on the subject - read the original article here), we’ve received lots of positive feedback from our customers:

TaxCalc wins best Tax, Accounts Production and Practice Suite at AccountingWEB's 2017 Software Excellence Awards

We scored an unprecedented hat-trick at AccountingWEB’s Software Excellence Awards on Thursday 19 October. We bagged a trio of trophies for Best Tax Product, Best Accounts Production and Best Practice Suite.

HMRC SA APIs. AOK?

Great news. TaxCalc now incorporates the ability to receive data directly from HMRC using HMRC’s pre-population APIs.

Once you’ve checked the data, all you have to do is click a single button and the data is fed directly into TaxCalc Tax Return Production to generate a tax return. This should save you considerable time and effort.