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...

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. 

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:

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.

HMRC 2016/17 calculation errors and Exclusions - Update

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 6^th 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.

MTD: A message from Tracy Ebdon-Poole, CEO, TaxCalc

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.

Tax Round-Up in association with Accounting Web

TaxCalc has teamed up with Accounting Web and Rebecca Cave to provide you with topical tax guides.  

The first of four guides will be published in October and will focus on making the most of savings and dividend allowances. 

TaxCalc SmartPractice Seminars 2016 – bringing innovative thinking to your practice

At TaxCalc we are great believers in the value of innovation, especially in our rapidly-evolving, always-on digital world, where your clients and colleagues are rarely more than a few taps on a keyboard away.

We know that knowledge feeds innovation and better practices, which in turn helps to create a better, more efficient, and ultimately more successful accountancy practice.

Our SmartPractice Seminars are just one example of this commitment to supporting you, our customers by sharing our knowledge and providing information that actually makes a difference to your businesses.