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What's new?

Ready for the new
tax year? We are.

Just as your tax teams are easing off the gas now the January race is run, our developers are on full throttle to deliver your new and improved version of TaxCalc, as always, ahead of the start of the new tax year; allowing you to file with HMRC from day one without losing any momentum.

As well as all the necessary 2022/23 compliance updates in Tax Return Production and Accounts Production, our latest release comes with an exciting new accounts format: FRS 102 MLA - Medium & Large Accounts, which also paves the way for future accounts formats, such as medium and large LLPs, groups and charities.

No wonder our Tax Return Production and Accounts Production software solutions have won a staggering 11 Accounting Excellence Software Awards between them!


Medium and Large Accounts

Additional reports and disclosures include:


Communications Centre

Communications Centre

Review work
status notification

For those of you taking advantage of our automatically generated client record requests, we now give you a proactive nudge four days prior to generation, so you can review the work status of your clients to ensure any records already received are correctly noted on the system. This prevents you generating requests for clients who have already sent their records in.

Records received

In order to prevent work sitting around the office unallocated or unstarted, if a work status remains on ‘Records Received’ for 14 days or more, then a notification will appear asking whether you wish to review and get this work under way. Which means, no more clients chasing you for progress before anyone has started the job.

Practice Manager

Practice Management updates

Powerful client management using custom fields

Custom fields can now be added as a column to the Client List within Practice Manager allowing you to search, sort and filter by any criteria of your choosing. Use it to identify your Gold, Silver and Bronze clients, your digitally-ready versus your digitally-excluded, or which of those clients fail to provide you with their records until January for some targeted communications.

Save your favourites as a Column View, so you don’t need to data mine each time.

Keeping up to date
with product enhancements

Everyone loves to know what exciting feature updates and improvements we have made within TaxCalc, so each time you run an update all users will receive a discreet notification informing them of our top three enhancements, together with a link to the full What’s New? page should they wish to see more. We have also created a new TaxCalc Tips and Tricks area in our Knowledgebase for any exciting product highlights you may have missed in earlier releases.

Client tax questionnaire
2022/23 update

As we do every year, we’ve updated the client tax questionnaire for you to send out to your clients in timely fashion and start the new tax year as you mean to go on. Now with added questions around crypto asset transactions.

Enhanced data migration

We have improved our already very capable Import Client tool to include the importation of dropdown custom fields. This allows seamless transfer of customised data for firms wishing to transfer client information from an alternative provider, or alternative database, to TaxCalc.

Tax Return Production

Tax Return Production updates

New 2022/23
tax return forms

Keeping you compliant from the very start of the new tax year, Tax Return Production features updated forms, calculations, wizards, worksheets and helpsheets for the SA100, SA800, SA900 and R40 tax returns for individuals, partnerships and trusts.

New supplementary
page CT600N

Included within this release is the new CT600 supplementary page for Residential Property Developer Tax (RPDT), a 4% Corporation Tax surcharge for large property developers with relevant profits exceeding £25m.

HMRC tokens for multi-office firms

It is now possible for Practice Manager Plus customers to assign HMRC VAT filing and Self Assessment pre-population API credentials by office, supporting firms either with multiple offices or those using more than one set of credentials across their client base.

New Corporation Tax
return CT600 V3 (2023)

We’ve updated to the latest version of the CT600 including the new rates and calculations for Financial Year 2023 and its re-introduction of a small profits rate of Corporation Tax, together with the marginal relief calculations that will ensue.

Jointly Owned Land & Property
Import from Accounts Production

In our Summer 2022 release we created the ability to import Land & Property figures within Accounts Production directly into the individual landlord’s own tax return. We have now combined that import with our popular Joint Income Calculator to accurately apportion those figures across multiple property owners.

HMRC token expiry reminder

To avoid unnecessary interruptions to your service, we have included a reminder notification 30 days prior to HMRC’s API tokens reaching their 18 month expiry date. Allowing you to plan a token refresh at a time convenient to you.

Accounts Production

Accounts Production updates

New add-on now available!

Our exciting new product release for 2023 provides the ability to prepare full FRS 102 accounts for medium and large companies and includes our automatic cash flow statement generator. Existing Accounts Production customers will recognise the ease of use, customisable reporting and fully automatic iXBRL tagging to which they have been accustomed in the core product.

Look out for our Directors Report / Strategic Report note-switcher, the option on all notes to add any additional text disclosure required, plus the ability to create your own standard and custom tables within notes.

Presentational improvements

We have included an option to show investment property as a separate note independent of the main tangible fixed assets note. This is particularly useful for disclosing property held at fair value. We have also relocated the general information note to display as the first note by common convention.

Advanced disclosures
for FRS 102 s1A

We are always looking for ways to speed up the accounts preparation process as we understand how time consuming this can be. It is now possible to edit any account descriptions directly from the Financial Statements when in edit mode, allowing any amendments to be made on-the-fly during the review process. Customisation at speed.

Expanded chart of accounts

Following recent feedback from customers, we have included additional nominal codes for tangible and intangible assets, investments, subsidiaries, associates and joint ventures. As well as giving more flexibility this allows us to improve the automatic note generation in these areas.

For the full story

For a full list of updates, please see the release notes in our Knowledgebase.

View release notes

Recent updates

We regularly release new features and enhancements to TaxCalc, take a look at our previous release.

See our previous release