News and events from TaxCalc
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.
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…
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.
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
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...
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!
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...
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...Read more