TaxCalc Release Notes 2013 - 2019

TaxCalc Product Update Version 11.0.002 Released on 16th December 2019

Applying the Update

Please note:
This update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

Product summary

• Practice Manager update
• Tax Return Production update
  • CT600
  • Individual
• VAT Filer update
• Accounts Production update
• Companies House Forms update
• AML Centre update

Practice Manager

General Maintenance:

• An issue where updating the Linked Work Status of an item of work associated to a task updated the incorrect work status has now been resolved.
• An issue in the Work History dialog where the recorded change in assignee was reversed has now been resolved.

Tax Return Production

CT600

General Maintenance:

• Updated Special Rate Pool to take into account the change of rate from 8% to 6% as of 1 April 2019.
• Corrected an issue with an error message showing unnecessarily when attaching accounts to a CT600.
• Updated the CT600 computation to show the correct page numbers.
• An issue where the Patent wizard for 2019 was not calculating is now resolved.
• Corrected an issue with a validation message showing in error when additions in the CT600 were agreeing with the additions in the accounts.
• Removed Box 312 duplication on form CT600.

Trusts

• Updated the R185 forms for both filing and printing to include additional boxes.

Individuals

General Maintenance:

• Addressed speed and saving issues when entering capital gains for an individual.
• Inclusion of additional messages relating to HMRC Specials and Exclusions.
• Updated the marriage eligibility API following an update to HMRC's systems.
• Included a new validation message for self-employment businesses and partnerships where the Name of the business exceeded HMRC's limitations.
• An issue where a validation message was appearing in error if there were no disposal proceeds for a capital disposal of Other property, assets and gains has been resolved.
• Updated a validation message relating to property losses.
• Resolved the issue where the Annual Pensions Allowance brought forward values were incorrectly showing until a contribution had been entered.
• Updated the Memorandum Report to remove the trade allowance.
• An issue where the state pension was being included in the wizards attached to a Tax Return when none had been entered has been resolved.

VAT Filer

• Inclusion of a new VAT Report for successful submissions of VAT Returns using the MTD service.
• Inclusion of the receipt number of successful submissions of VAT Returns using the MTD service.
• VAT Payments & Liabilities screen has been updated to include more information regarding liabilities, as provided by HMRC.
• Enhanced the MTD VAT API calls to allow for users entering spaces or country initials in the VAT registration number box.

Accounts Production

• Check and finish now includes a validation message where a Balance Sheet is out of balance.
• The Balance Sheet and the detailed balance sheet for LLP's now separately discloses loan and other debts to members and member's other interests.
• Taxonomy updates have been applied to Financial Statements (including the Detailed Profit and Loss account) for submissions to both Companies House and HMRC.
• Updated the Reconciliation of members' interest note for FRS 102 to include:
  • Amounts due to members for Members' Capital (classified as Debt).
  • Balance at end of period for Members' Capital (classified as Debt).

General Maintenance:

• Issues with the New Template Batch option have now been resolved.
• A rounding issue, which in some situations caused the Balance Sheet to be out of balance by a minimal sum, is now resolved.

Companies House Forms

General Maintenance:

• An issue where in some situations the SH01 form and CS01 form were including future allotted shares has now been resolved.

AML Centre

• The Identification stage of Client Due Diligence has been updated to include a Country of Residence option for Individuals.
• You now have the ability to export the Client Due Diligence information in Status Management.
• Enhanced the format of the Politically Exposed Person report to make the information clearer.

General Maintenance:

• Minor issues with ID Checking have now been resolved.

TaxCalc Product Update Version 10.4.002 Released on 26th November 2019

Applying the Update

Please note:
Customers who have not yet updated to v10 will be required to run an installer. Please ensure that you have local admin rights before attempting the update. Customers already using v10 will not require additional admin rights.

• If you are a standalone user who has applied v10.3, you will have a plugins update, otherwise you will be required to run an installer.
• If you are a Network/Cloud user who has applied v10.0 or later, you will have a plugins update, otherwise you will be required to run an installer.

The following improvements have been included:

Product summary

• Accounts Production update
  • FreeAgent update
  • Non-Statutory Balance Sheet FRS105 update
  • General Maintenance
• Companies House Forms update
• AML Centre update
• Tax Return Production update

Accounts Production

• An option has been provided to generate a Trial Balance in round pound.
• In your audit trail and nominal ledger reports, when selecting to drill down into a posting batch the relevant transaction is now highlighted.
• You can now change the name of shares on reports.
• You can now file the majority of your financial statements online to Companies House, which has been extended to allow you to file small audited registrar accounts.
• Balance Sheet Declarations for FRS105 now combine 'prepared' and 'delivered' statements on Registrar Financial Statements.

FreeAgent

• You can select to import your Trial Balance from FreeAgent into Accounts Production now as a practice or non-practice user.

Non-Statutory Balance Sheet FRS105

• You now have the option to produce a detailed balance sheet. With a micro entity set of accounts your balance sheet provides totals with limited notes. Opting to use TaxCalc's detailed balance sheet allows you to report on the specific figures that make up the total.
• Balance sheet column headings now refer to As At rather than Period To where appropriate.
• Sign off statements for the balance sheet have been updated to provide an option to replace on behalf of the board with a more detailed statement.

Accounts Production General Maintenance

• An issue causing members remuneration charges to show as a negative in certain circumstances is now resolved.
• The company information page no longer displays directors that have ceased working after the date of the signing the report.
• An issue that in certain circumstances, was preventing filing of LLP accounts to Companies House relating to a NameEntityOfficer has been resolved.
• An issue that was preventing the director loan account from appearing in the comparative year where a balance changed from a credit to a debit has now been resolved.

Companies House Forms

• Selected nationalities have been updated to allow for successful submissions of Companies House Forms.
• Validation for sensitive words and expression in Companies House has been improved to limit incorrect validations.

AML Centre

• New report columns are available for AML report customisations to highlight when identification evidence is due to expire.
• New filter options have been added for Enhanced Due Diligence to Status Management within the Firm-Wide Compliance area of AML Centre.
• The security permission defaults for AML Centre have been updated for the Senior and Administrator security roles.
• When creating a compliance officer within Admin Centre, the MLRO is now set by default.
• For Reporting to NCA, there are now separate child pages for Suspicious Activity Reports.
• Only MLRO/MLCP's now have permission to view and access the following screens for Suspicious Activity Reports:
  • Reports
  • Reporting to NCA
  • Action by MLRO
• AML Centre options are now available in Practice Manager Jobs and Tasks for MLRO/MLCP's.
• There is now an option to create stages directly from Firm-Wide Compliance>Status Management>Client Due Diligence. Which makes it quicker and more efficient for you to create the stages.
• In Status Management>Client Due Diligence, the Verification column now displays electronic and manual verifications, depending on which one is the most up-to-date.

AML General Maintenance

• An issue which in some situations generates a cannot save error when amending figures within Source of Wealth and Funds in Client Due Diligence has now been resolved.
• Filter issues for Status Management within the Firm-Wide Compliance area of AML Centre is now resolved.
• AML identity checks that couldn't be performed due to a discrepancy with addresses is now resolved.
• Pending AML searches can now be deleted if it has not yet been submitted to Equifax.

Tax Return Production General Maintenance

• In a small number of cases a computation error arose when filing a Corporation Tax Return, this issue has now been resolved.

TaxCalc Product Update Version 10.3.027 Released on 18th November 2019

Applying the Update

Please note:

• Standalone customers who have not yet upgraded to v10.3.003 or v10.3.011 will be required to run an installer. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

Product summary

• General Maintenance

General Maintenance

General maintenance of TaxCalc products includes:

• Practice Manager
  • The Accounts and Tax filing status widget(s) (including the Tax filter panel at the foot of the Client list) no longer include Archived clients.
  • A problem that in some situations caused a restricted client to be displayed within the Accounts and Tax filing widget(s) counter has now been resolved.
  • An issue, which was in some situations causing the Statutory deadline of an Annual Accounts job to be calculated 1 day early has now been resolved.
  • A problem that in some situations prevented a weekly recurring task from recurring has now been resolved.
  • The next recurrence date is now displayed below the due date when editing all instances on a standalone task.
  • Work Management now displays the last note for the selected task/job in all situations.
  • The time that it takes for the Work Management screen (and other related areas) to be populated with jobs/tasks has been improved.

TaxCalc Product Update Version 10.3.011 Released on 23 October 2019

Applying the Update

Please note:

• Standalone customers who have not yet upgraded to v10.3.003 will be required to run an installer. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

Product summary

• NEW
  • Practice Manager Plus
  • Time
  • Document Manager, powered by SmartVault
• General Maintenance

NEW - Practice Manager Plus
TaxCalc Practice Manager Plus allows you to take control of the activity in your practice with new enhanced workflow functionality, and multiple bespoke dashboards containing a new range of charts and tables in the form of widgets, designed so you are always up to date. Visit our website for more information.

Features include:

• New and improved SimpleStep job wizards with workflow templates and automation, creating a bespoke uninterrupted journey for your practice.
• Save time with our new Bulk Operation Wizards designed to assign jobs, tasks and templates.
• New section within the Admin Centre to help manage client and non-client activities. Apply templates to services, ensuring consistency for all your clients' needs.
• Stay on top of your activities utilising our new widgets, designed to assist you with deadlines and portfolio management (for example, our job and task widgets, filing statuses widget and MTD enrolment widget).
• Create and share personalised dashboards within your practice, boosting collaboration.
• Multiple offices with pre-populated filing credentials help you file on time from various locations.

NEW - Time
TaxCalc Time allows you to effortlessly and accurately record, monitor and report time spent on activities across your practice. Visit our website for more information.

Features include:

• Automatic Timetracker lets you integrate time tracking into your work, whatever task you're working on, plus the option to manually create and amend time logs.
• Log time against tasks, or other client and non-client activities, designed to help ensure your practice is operating at its maximum potential.
• Create teams with a tiered approval hierarchy, allowing you to implement a suitable sign-off process, controlled by security permissions.
• Calendar view of timesheets helps manage time logs through weekly or monthly view modes.
• Time Analysis and WIP Overview screens allow an in depth assessment of work in progress and the time spent per client, user and type of work.

NEW - Document Manager, powered by SmartVault
TaxCalc Document Manager allows you to store, share, manage and access all your client documents remotely and securely, with one-easy-to-use solution. Currently no additional changes have been included within the software in relation to the integration with SmartVault, please visit our website for more information.

Features include:

• Online document storage and secure file sharing powered by SmartVault.
• Upload TaxCalc documents to store and share with your clients in just a few simple steps.
• Auto-Filer allows you to automatically route files to the right folder for the right clients.
• Connected Desktop gives lightning fast access to your documents in the cloud, with the speed and performance of a desktop app.
• Streamline your client onboarding process with customisable folder templates built for accounting professionals.
• Branded client portal gives your clients a secure, easy and professional way to collaborate with you in the cloud.

General Maintenance

Other maintenance of TaxCalc products includes:

• Practice Manager
  • The Accounts and Tax filing status widget(s) (including the Tax filter panel at the foot of the Client list) no longer include Archived clients.
  • An issue, which was in some situations was causing the Statutory deadline of an Annual Accounts job to be calculated 1 day early has now been resolved
  • It is now possible to view the results of all actions available on a Job, which is using a Job Template in all circumstances.
  • An issue, which was causing Notifications to not allow visibility of the history of Tasks, has now been resolved.
  • The Filter for Work Item status now correctly displays the appropriate Jobs and Tasks in all situations.
  • When editing a standalone task, which has been set to Recur, the Task Status will now be displayed correctly in all situations.
• Tax Return Production
  • The Business Wizard no longer shows unexpected errors when checking information between the client record and tax return.
• Accounts Production
  • Financial Statements for a company/LLP with no significant accounting transactions, leading to empty primary statements will now be generated with selected headings by default.
• Companies House Forms
  • An issue which in some situations was causing a CS01/SH01 to include incorrect Shareholder information has been resolved.
• Company Incorporation
  • An issue which in some situation was causing an IN01 (Incorporation) to print incorrectly has been resolved.
• Other
  • When creating a period of work it is now possible to identify/update which items of work are linked to a Job/Task.

TaxCalc Product Update Version 10.3.003 Released on 16 October 2019

Applying the Update

Please note:

• Customers with a SQLite database, and those with a Postgres database who have not yet updated to v10, will be required to run an installer. Please ensure that you have local admin rights before attempting the update.
• Customers with a Postgres database who have already updated to v10 will receive the new version as a plug-in update and will not be required to run an installer.

The following improvements have been included:

Product summary

• NEW
  • Practice Manager Plus
  • Time
  • Document Manager, powered by SmartVault
• General Maintenance

NEW - Practice Manager Plus
TaxCalc Practice Manager Plus allows you to take control of the activity in your practice with new enhanced workflow functionality, and multiple bespoke dashboards containing a new range of charts and tables in the form of widgets, designed so you are always up to date. Visit our website for more information.

Features include:

• New and improved SimpleStep job wizards with workflow templates and automation, creating a bespoke uninterrupted journey for your practice.
• Save time with our new Bulk Operation Wizards designed to assign jobs, tasks and templates.
• New section within the Admin Centre to help manage client and non-client activities. Apply templates to services, ensuring consistency for all your clients' needs.
• Stay on top of your activities utilising our new widgets, designed to assist you with deadlines and portfolio management (for example, our job and task widgets, filing statuses widget and MTD enrolment widget).
• Create and share personalised dashboards within your practice, boosting collaboration.
• Multiple offices with pre-populated filing credentials help you file on time from various locations.

NEW - Time
TaxCalc Time allows you to effortlessly and accurately record, monitor and report time spent on activities across your practice. Visit our website for more information.

Features include:

• Automatic Timetracker lets you integrate time tracking into your work, whatever task you're working on, plus the option to manually create and amend time logs.
• Log time against tasks, or other client and non-client activities, designed to help ensure your practice is operating at its maximum potential.
• Create teams with a tiered approval hierarchy, allowing you to implement a suitable sign-off process, controlled by security permissions.
• Calendar view of timesheets helps manage time logs through weekly or monthly view modes.
• Time Analysis and WIP Overview screens allow an in depth assessment of work in progress and the time spent per client, user and type of work.

NEW - Document Manager, powered by SmartVault
TaxCalc Document Manager allows you to store, share, manage and access all your client documents remotely and securely, with one-easy-to-use solution. Currently no additional changes have been included within the software in relation to the integration with SmartVault, please visit our website for more information.

Features include:

• Online document storage and secure file sharing powered by SmartVault.
• Upload TaxCalc documents to store and share with your clients in just a few simple steps.
• Auto-Filer allows you to automatically route files to the right folder for the right clients.
• Connected Desktop gives lightning fast access to your documents in the cloud, with the speed and performance of a desktop app.
• Streamline your client onboarding process with customisable folder templates built for accounting professionals.
• Branded client portal gives your clients a secure, easy and professional way to collaborate with you in the cloud.

General Maintenance

Other maintenance of TaxCalc products includes:

• Tax Return Production
  • The Business Wizard no longer shows unexpected errors when checking information between the client record and tax return.
• Accounts Production
  • Financial Statements for a company/LLP with no significant accounting transactions, leading to empty primary statements will now be generated with selected headings by default.
• Companies House Forms
  • An issue which in some situations was causing a CS01/SH01 to include incorrect Shareholder information has been resolved.
• Company Incorporation
  • An issue which in some situation was causing an IN01 (Incorporation) to print incorrectly has been resolved.
• Other
  • When creating a period of work it is now possible to identify/update which items of work are linked to a Job/Task.

TaxCalc Product Update Version 10.1.046 Released on 01 Aug 2019

Applying the Update

Please note: Customers who have not yet updated to v10 will be required to run an installer. Please ensure that you have local admin rights before attempting the update. Customers already using v10 will not require additional admin rights.

The following improvements have been included:

General Bug Fix

• A problem which in some situations was causing iXBRL tags to be omitted from the of the Trading Profit and Loss Account of accounts prepared under FRS105 has been resolved.

TaxCalc Product Update Version 10.1.044 Released on 20 June 2019

Applying the Update

Please note: Customers who have not yet updated to v10 will be required to run an installer. Please ensure that you have local admin rights before attempting the update. Customers already using v10 will not require additional admin rights.

The following improvements have been included:

General Bug Fix

• An issue which was causing Tasks that use a custom Task Type to not appear within the task list in Task Management in some situations has been resolved.

TaxCalc Product Update Version 10.1.042 Released on 12 June 2019

Applying the Update

Please note: Customers who have not yet updated to v10 will be required to run an installer. Please ensure that you have local admin rights before attempting the update. Customers already using v10 will not require additional admin rights.

The following improvements have been included:

Product summary

• NEW – AML Centre
• Tax Return Production update
• Dividend Database for 2018/19
• Batch Filer update
• VAT Filer update
• Practice Management update
  • Mail merge
  • Task management
  • Report manager

Non-product summary

• Installations

Product Changes

NEW - AML Centre

Introducing TaxCalc AML Centre! Easily support your anti money-laundering obligations and demonstrate compliance to your supervisory authority.

Features include:

• Firm-wide compliance
  • Set up details of your Money Laundering Reporting Officer (MLRO)/Money Laundering Compliance Principal (MLCP)
  • Design and complete your firm-wide AML risk assessment as required under MLR17
  • Record risk mitigation factors and residual risks
  • Identify non-compliant clients and bring their due diligence up to date via Status Management
  • Link to your firm’s money laundering policies and procedures
  • Track MLRO/MLCP and staff training to ensure their AML obligations are up to date regarding their awareness of money laundering
  • Keep a record of your beneficial owners, officers and managers, and their regulatory body's approval
• Client due diligence
  • Identify and verify your client and document Know Your Client (KYC) information required for both Standard and Enhanced Due Diligence
  • Build a record of your client relationships and corporate structures
  • Design and complete your client Risk Assessments on a periodic basis
  • Report any suspicious activity to the MLRO/MLCP by creating an internal SAR for reporting to the NCA
• Complements TaxCalc's AML Identity Checking Service

Tax Return Production update

• Inclusion of the 2019/20 What If Planner, incorporating 2019/20 tax rates and allowances.
• Updated the recognition of postcodes for tax rate purposes, to ensure that postcodes that straddle the Scottish border are identified correctly.
• An erroneous validation message no longer appears where the postcode is Scottish but the taxpayer is non-resident.
• Annual Investment Allowance:
• Although the overall AIA maximum amount was being correctly calculated, the validation for the pre January 2019 amount was restricting the AIA allowable amount to the pro-rata amount for that period; it now restricts to £200,000.
• An asset purchased before 1 April 2018 wasn't being included as an AIA addition so a validation warning was being displayed in error; it no longer appears.
• Annual Pensions Allowance now takes into consideration the amounts brought forward from 2017/18 in its calculations for 2018/19.
• Inclusion of various exclusions for the 2018/19 tax year, as identified to us by HMRC so far. HMRC are still in the process of updating these and we will endeavour to update our software in line with HMRC, as and when the information becomes available.
• When a Tax Return is exported, or saved as a PDF, the suggested filename now includes the tax year of the Tax Return.
• The validation for Class 2 NIC for share fishermen has been updated with the new rate for 2018/19.
• An erroneous validation message no longer displays where it appears that the additions in Accounts Production do not match the additions in the CT600, due to rounding differences.
• The payments on account imported from 2018 to 2019 now import the correct value for the second payment on account where there is a 1p difference.
• Student plan type is now being imported from 2018 Tax Return to 2019 Tax Return.

Dividend Database for 2018/19

• The dividend data for the 2018/19 tax year is now available.

Batch Filer update

• Batch Filer now recognises all client's tax returns that are ready to be filed.

VAT Filer update

• VAT Filer now recognises existing authorisation tokens for users where the Force each user option has been selected; authorisation is therefore no longer required each time a new client is selected and the VAT APIs are being used.
• It is now not necessary to enter from and to dates to fetch VAT periods from HMRC where only open (outstanding) VAT periods are required. The search facility is still available where previously fulfilled (completed) VAT returns are being retrieved.
• Payments and liabilities table will now sort in descending date value order by default.

Practice Management update

Mail merge

• New letter template added and associated mail merge token for the payment on account due in July 2019. Please note that, when creating the mail merge, the tax year must be 2018 for the next year's (2018/19) payment on account to be identified.

Task management

• Fixed an issue relating to the linked work status of a task.

Report manager

• The payment on account attributes in report manager have been updated so that the next year's payments on account can be identified, without the need for the next year's tax return to be created.

Non-product changes

Installations

• A memory issue causing an update, in rare situations, not to install correctly when applied from within the application has now been corrected.
• Users should no longer be unexpectedly prompted with a first run detected message.

TaxCalc Product Update Version 10.0.003 Released on 7 May 2019

Applying the Update

Please note: This update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

Product Summary

• BREXIT Preparations
  • Companies House
  • HMRC
• Tax Return Production Update
• Accounts Production Update
• Practice Management Update
• eSign Centre Update
• AML ID Checking Service Update

Non-Product Summary

• Processor Issue

Product Changes

BREXIT Preparations:

Preparation work has taken place on this release to allow changes to be activated outside of a release should a No-Deal Brexit be triggered on the 1st June (or later).

Please Note: No changes will be seen within the software unless and until a No-Deal Brexit is enacted.

General Improvements

Companies House

• Allow updated forms, supplied by Companies House to be used in the event of a No-Deal Brexit. Those forms affected are:
  • AA01 Change of accounting reference date
  • AP02 Corporate director appointment
  • AP04 Appoint a company secretary
  • CH02 Change corporate director detail
  • CH04 Change of corporate secretary details
  • CS01 Confirmation statement
  • IN01 Company incorporation
  • LLIN01 LLP Incorporation

HMRC

• Prevent EC Sales Lists from being used in the event of a No-Deal Brexit.

Tax Return Production:

General Bug Fixes

• Client Questionnaires will now show pensions received in all situations.

Accounts Production:

General Bug Fixes

• Financial statements generated with a watermark will now appear correctly in all situations.

Practice Management:

General Improvements

• Task Management
  • A warning has been included when editing a recurring task to prevent unwanted or unexpected results.
  • A Task Recurrence Checker is now available within Admin Centre, to check and verify the date currently expected for the next recurrence due date of a recurring task.

General Bug Fixes

• Task Management
  • Linked work status for 2019 tax returns will now appear correctly in all situations.

eSign Centre:

General Bug Fixes

• Problems when saving an eSign envelope have now been resolved.

AML ID Checking Service:

General Improvements

• For security purposes, users will be asked to re-confirm their Data Protection Reference Number when attempting to run the first AML Check after updating.

Non-Product Changes

Processor Issue

• An issue that was preventing the application from running on some older processors has now been resolved.

TaxCalc Product Update Version 9.0.002 Released on 04 April 2019

Applying the Update

Please note: This update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

General Bug Fixes

• A problem preventing users with a manually created client filter named 'default' from updating to the latest version of TaxCalc has now been resolved.
• Users using PDF encryption will no longer experience an error when attempting to save PDF documents.

System Requirements

• Due to a necessary update to our framework, we are no longer able to support versions of Mac OS prior to Sierra (10.12).

TaxCalc Product Update Version 9.0.001 Released on 03 April 2019

Applying the Update

Please note: This update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

General Bug Fixes

• A problem preventing users with a manually created client filter named 'default' from updating to the latest version of TaxCalc has now been resolved.
• Users using PDF encryption will no longer experience an error when attempting to save PDF documents.

System Requirements

• Due to a necessary update to our framework, we are no longer able to support versions of Mac OS prior to Sierra (10.12).

TaxCalc Product Update Version 8.0.022 Released on 26 Mar 2019

Applying the Update

Please note: This update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

The following improvements have been included:

Product Summary

• Tax Return Production Update
• VAT Filer Update
• Accounts Productions Update
• eSign Centre Update

Non-Product Summary

• Framework Upgrade

Tax Return Production

New Features

• Incorporation of 2018/19 SA100, SA800 and SA900 Tax Returns
• 2018/19 updated R40 repayment claim form
• Help content for 2018/19 Tax Returns

General Improvements

• Auto-selection of UK/Scottish rates to apply based on postcode
• Added Validations to check correct selection of UK/Scottish rates based on the postcode field
• Inclusion of Structures & Buildings Allowance
• Inclusion of revised Annual Investment Allowance
• Inclusion of revised form CT600 to incorporate tick box for Instalment payments for very large companies
• Updated computation to account for very large company instalment payments
• Inclusion of revised CT600I, Supplementary charge in respect of ring fence trades
• Addition of restricted finance costs to HS300, Non-Resident Calculation
• Joint import of property income now includes the restricted amount of finance costs

General Bug Fixes

• Fixes to a number of HMRC Exclusions that were identified in 2017/18
• Performance improvements to speed up the generation of Capital Gains Reports with large numbers of asset entries.

VAT Filer Update

General Improvements

• Improvements to the import facility to enable MAC and Linux users to use the functionality without installing additional programs.
• Added the ability to use business specific authorisation credentials to interact with HMRC rather than just the firms agent credentials.
• Added an Expiration date to authorisation to interact with HMRC (authorisation lasts 18 months) for ease of reference.
• Added the ability to enter negative values into the adjustment fields, to enable the correction of previous returns.

General Bug Fixes

• Fixed an issue where some VAT reports were not produced where characters such as &, <, >, etc were reported in name and address fields of a client.
• Fixed an issue where a fulfilled VAT return period is retrieved from HMRC and the generated pdf is missing some values.

Accounts Production Update

New Feature - Two-Way Integration with QuickBooks Online (Export Journals)

• A connection to QuickBooks Online is now retained following authentication to prevent the need to re-authenticate
• Export journals (a posting batch) direct from Accounts Production in to QuickBooks Online
  • • Quickly export a Corporation Tax Journal in a few clicks
    • An easy-to-use wizard guides you through the export process where mappings do not already exist following an Import
    • Warnings during export, highlighting potential factors to consider.

General Bug Fixes

• Some minor bug fixes have been addressed in the release.

eSign Centre Update

• Some minor bug fixes have been addressed in the release.

Framework Update

• The framework which supports our products has been updated to Qt 5.12

System Requirements

• Due to a necessary update to our framework we are no longer able to support versions of Mac OS prior to Siera (10.12)

TaxCalc Product Update Version 7.0.012 Released on 17 December 2018

Applying the Update

Please note: if you are updating a TaxCalc release prior to v7.0.008 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Update Summary

The following updates have been included:

• Tax Return Production
  • A default validation message was preventing online submission where the taxpayer was female AND born between 06/10/50 and 06/04/51 AND was a member of two partnerships. This validation has now been updated to an information message so it will not prevent online submission. Please note, the warning will be removed completely in a future release as it is no longer relevant.
• Accounts Production
  • In some situations "Creditors : amounts falling after more than one year" was being omitted from the balance sheet for accounts prepared under FRS 105 for both Limited Companies and LLPs. This has now been corrected.
  • In some situations "Debtors due within one year" was displaying an incorrect value within the notes to financial statements for accounts prepared under FRS 102 for both Limited Companies and LLPs. This has now been corrected.

TaxCalc Product Update Version 7.0.008 Released on 29 Nov 2018

The following improvements have been included:

Product Summary

• eSign Centre Update
• Tax Return Production Update
• VAT Filer Update
• NEW - VAT Filer for Business
• Accounts Production Update
  • Integration with FreeAgent
• Company Secretarial Update

Non-Product Summary

• Update to TaxCalc Hub Framework
• Resolved update issues experienced by some Customers when installing version 7.0.006

eSign Centre Update

New Features

• It is now possible to:
  • electronically sign VAT returns, EC sales lists and HMRC forms. These documents can be added via the Add Document dialog in the Envelope SimpleStep, or it can be added using the Add to eSign Envelope button on the returns or forms themselves.
  • add new eSign Centre related work statuses to the VAT Work Status list
  • add, edit and delete email addresses from within the envelope SimpleStep
  • see who an envelope is currently with in a signing chain.

Usability Improvements

• The right-click menu has been added to the main eSign Centre home screen.
• Envelopes for individuals now automatically set the recipient to 'Signer'.
• The client name has been added to the document name generation in the envelope SimpleStep.
• It is now possible for a user to open multiple envelopes at the same time.

Reports

• The Date Filed to HMRC is now populated in Report Manager in all situations.
• Locked reports now display both Clients and Contacts (instead of only displaying Clients).

Tax Return Production Update

• General bug fixes including:
  • Check & Finish to include information regarding property finance costs (where these could not be fully utilised).
  • Updates to HMRC exclusion messages.
  • Fixes for HMRC Exclusion 92 and HMRC Exclusion 93.

VAT Filer Update

Import Functionality

• It is now possible to import from a Microsoft Excel Macro-Enabled Worksheet.
• The import finish screen has been updated to display total boxes 3 and 5.
• Spreadsheets with specific characters no longer restrict the display of cells.

Reports

• The totals for boxes 3 and 5 and now included on all reports.
• A small update has been made to the detailed adjustments report.

General

• The term 'Final' has been removed from screens and reports.

NEW - VAT Filer for Business

• MTD-compatible VAT Filing bridging software, ideal for:
  • Unrepresented businesses to comply with their MTD obligations.
  • Agents who do not provide VAT services but wish to provide their clients with a recommended solution.

Accounts Production Update

• General bug fixes including:
  • When filing a CT600 the error 'Inconsistent duplicate fact values (core:Equity)' will no longer occur.
  • Blank pages will no longer appear when exporting printing Financial Statements or exporting to PDF.
  • Directors loan account code 5800 will now appear correctly within the Notes to Financial Statements in all situations.
• Updates have been made to the Auditors' Report for both FRS 102 1A and FRS 105 to reflect ICAEW guidance.
• Using our familiar import trial balance wizard, import a year end trial balance directly from online accounting software FreeAgent.

Company Secretarial Update

• General bug fixes.

Update to TaxCalc Hub Framework

• An update to the framework has allowed us to correct an issue that was causing some users to experience display problems and, in rare cases, inability to open the application.

TaxCalc Product Update Version 6.9.025 Released on 16 Oct 2018

The following improvements have been included:

Summary

• VAT Filer (now MTD-ready)
• General Updates

VAT Filer (now MTD-ready)

• Access to VAT Filer has been updated to be consistent with all other TaxCalc products.
• TaxCalc VAT Filer is now MTD-compatible, acting as bridging software to support the obligations for Making Tax Digital.

• Supports multi-service VAT Return submissions:
  • Continue to file VAT Returns via the Government Gateway in the build up to MTD for VAT.
  • Continue to file VAT Returns via the Government Gateway for clients below the VAT threshold, who voluntarily opt in to VAT.
  • Seamlessly switch to filing via the 'MTD for VAT' service from 1 April 2019 (or as part of the MTD for VAT Pilot).

• A digital link allows you to quickly and easily import any spreadsheet directly into your VAT returns using our intuitive onscreen cell selector.
• Smart and simple wizards allow you to calculate and digitally record adjustments to your VAT return.
• Keep an electronic copy of your supporting documents within easy reach by adding attachments directly to your VAT return.
  
  MTD only
• Reduce errors and automatically create VAT periods by retrieving VAT obligations directly from HMRC.
• Build a picture of your client's VAT history by retrieving previous VAT returns directly from HMRC. Ideal for newly engaged clients. (Note: Only applies to VAT returns submitted under MTD.)
• Keep up to date and on top of your client's VAT position by retrieving VAT payments and liabilities directly from HMRC.

General Updates

• eSign Centre
  • The auto reminder for an envelope has now been limited to a minimum of 12 hours.
  • A progress dialog on selecting Send Envelope will now be displayed.
  • An issue has been resolved which caused some users to be presented with an "Unable to send eSign envelope" error.

• Tasks
  • Tasks created with a VAT return task type will no longer automatically create VAT periods on completions where the client is enrolled for MTD.
• Policies
  • The Privacy Policy and Terms and Conditions of Sale have been updated in line with this release.

TaxCalc Product Update Version 6.8.046 Released on 20 September 2018

The following improvements have been included:

Summary

• NEW - eSign Centre
• NEW - GDPR Centre
• General Maintenance
• Policy Updates

NEW - eSign Centre

Introducing TaxCalc eSign Centre! Quickly prepare documents and send to clients to obtain electronic approval for sets of accounts and tax returns.

Features include:

• SimpleStep allows quick creation of eSign envelopes.
  • Recipients list pre-populated from Relationships that already exist within Client Hub.
  • Add sets of accounts and tax returns directly into envelopes with a few clicks.
  • Smart and intuitive document tagging wizard allows drag and drop of signing tags.
  • Envelope History Report provides an audit trail of interactions with an envelope on completion.
  • Check and Finish provides peace of mind that envelopes have been created correctly.
• Efficiently manage envelopes from the eSign Control Centre with simple progress tracking, automatic status updates and reminders.
• Customise settings globally within Admin Centre, including Reminder Options, Email Templates and Envelope Options.
• From within Accounts Production and Tax Return Production, add sets of accounts and tax returns directly to an envelope from the item of work.

NEW - GDPR Centre

Introducing TaxCalc GDPR Centre! Navigate the complexities of GDPR and stay on top of data protection obligations.

Features include:

• A series of SimpleStep tools provide an intuitive process for recording and maintaining relevant data.
  • Complete and maintain Process Checklists.
  • Keep track of all personal data activities within Data Activity Registers.
  • Create Risk Assessments to identify and assess scenarios that carry a risk to the firm.
  • Record and assess any Data Breaches, and help prevent them from happening again.
  • Fulfil, track and file Data Subject Access Requests.
  • Check and Finish will highlight errors or mismatches of data.
  • Produce Summary Reports for communicating data to the appropriate person(s).
• Carry out annual reviews with the simple creation of review points.
• Within Admin Centre, log the appointment, training and actions of the Data Protection Officer (if applicable).

General Maintenance

Accounts Production

• Check and Finish warning(s) "The following information does not match that held at Companies House..." have been updated and will no longer appear where:
  • a Company Name mismatch occurs as a result of a casing difference
  • the Account Period end date is returned from Companies House as 29 February.

Tax Return Production

• In some situations the calculated value in box CAL1 and Tax payment/repayment summary was being incorrectly reported. This has now been updated to include a restricted Class 2 NIC value where appropriate.

Policy Updates

Terms & Conditions of Sale, End-User Licence Agreement and Privacy Policy

• Please note that the T&Cs, the EULA and the Privacy Policy have been updated in line with this release.

TaxCalc Product Update Version 6.7.017 Released on 28 Aug 2018

Updates to Accounts Production

• Fixed an update issue introduced with version 6.7.016
• Fixed an issue introduced recently whereby note selections are not always being reflected when producing Financial Statements. As a result, it is possible that some disclosures may be appearing incorrectly or not appearing when they should be.Users are advised to ensure notes have been included inline with selections for Financial Statements generated since 1 August 2018.

TaxCalc Product Update Version 6.7.016 Released on 23 Aug 2018

Updates to Accounts Production

• Fixed an issue introduced recently whereby when the Include this note? Yes/No switches were first changed from their default, the Financial Statements produced thereafter did not consistently reflect those selections. As a result, it is possible that some disclosures may be appearing incorrectly or not appearing when they should be. Users are advised to ensure notes have been included in line with selections for Financial Statements generated since 1 August 2018.

TaxCalc Product Update Version 6.7.011 Released on 8 Aug 2018

Updates to Task Management and Client Hub

Resolved issues that:

• Prevented an update for some customers with custom views.
• Prevented Report Manager from working with some self-made reports.
• Prevented data mining from returning results for tax work status.

TaxCalc Product Update Version 6.7.008 Released on 1 Aug 2018

The following improvements have been included:

Summary

• Updates to Tasks and Task Management
• Updates to Companies House Sync
• Updates to Client Hub
• Improvements to Companies House Forms / Company Incorporator Validation

Updates to Tasks and Task Management

• Work Status Tracking
  • A work status (for Accounts, Tax and VAT) can now be tracked and progressed directly via a task.
  • The work status associated with a task is displayed within a separate column within task management.
  • The work status associated with a task can now be updated and re-assigned at the same time.
  • An icon to signify a period (Accounts, Tax and VAT) has been associated with a task is now displayed, next to the cog menu.

• Task Management – General
  • Tasks can now be assigned to a contact.
  • The options 'Task Status' and 'Re-assign Task' have been combined into one option, Update Task' (which also includes the option to update the work status).
  • The task information panel has been updated to display more information about a given task.
  • Additional menu options have been provided to:
    • open linked work directly via a task
    • allow an ad-hoc note to be added to a task.

• Task List
  • Tasks in their reminder period or overdue are now highlighted using colour coded indicators.
  • Recurring tasks and tasks associated with work now include an identification icon.
  • A client can now be directly accessed via the task list.
  • Columns can now be re-order and added/removed (on right-click).
  • Additional filters have now been included for:
    • client
    • linked work status
    • due within 1 day (included within 'Show me tasks that are' filter)
    • due within 7 days (included within 'Show me tasks that are' filter)
    • due within 30 days (included within 'Show me tasks that are' filter).

• Task Wizard
  • The task wizard (create new/edit existing/duplicate) has been updated to use SimpleStep� functionality.
  • The default selections and order of some fields have also been updated.

• Client Hub - Client/Contacts
  • The menu tree has been re-organised (including the parenting of the 'Open In' and 'Set Work Status' options).
  • A new option 'View Tasks' (for selected client) has been added.

• Client Dashboard
  • The 'Tasks assigned to me' widget has been updated to include:
    • colour to identify tasks that are in their reminder period and overdue
    • icons to identify tasks that are recurring/associated with work
    • additional filter options to only show tasks due within 1,7 or 30 days.
  • New 'Task summary' widget added (task type, task status)

• Notifications
  • A new 'Assigned Task Notification' will appear when a task has been assigned to a user.
  • Additional options have been applied to the 'Commencement' and 'Overdue Task' reminders to help to progress a task.

• Task Scheduler
  • Now includes an option 'View Tasks' (for client).

Updates to Companies House Sync

• The 'Companies House Sync' wizard has been extended to include:**
  • All officer relationships for directors, company secretaries and PSCs (including their service addresses and a PSC's nature of control).
  • Allows the sync of relationships using an existing client/contact or using a newly created client/contact.
  • Allows the sync of addresses using an existing address or a newly created address.
  • Allows the sync of all data on a page or individual items of data.
  • Intuitive indicators showing where company data and relationships are not in sync.
  • Filter options to show pages in sync / not in sync and current/past officers only.
  • Familiar Check and Finish.
• Use of the 'Companies House Sync' wizard as a comparison tool for ongoing maintenance and confirmation of data held on public record (to help with the preparation of the confirmation statement).
  • The option 'Sync with Companies House' is available from both main client list and individual client record (including Relationships).
  • Also includes the option to print page / summary report (to send to clients for verification of data).

**Features are included within Companies House Forms Unlimited or as a chargeable add-on to Client Hub.

Updates to Client Hub

• A dedicated field for 'Usual Year-End' has been added to Client Hub (within Company Information) for Limited Companies.
• Confirmation Statement date field is now used to populate CS01
• The nature of control of a PSC can now be accessed from the relationship within a client's record in Client Hub.

Improvements to Companies House Forms / Company Incorporator Validation

• The following improvements have been made to Company Incorporator:
  • Check and Finish validations have been updated to assist with error trapping.
  • Additional Check and Finish validations have been included:
    • Validate where a 'Same As' name check has not been performed.
    • Validate the use of 'Limited' (or permitted alternative) as a name ending.
    • A selection of other general form preparation and submission issues have been resolved.
  • A new check is now included under 'Check Name' to verify where a proposed company name includes sensitive words or expressions.
  • Improvements to the syncing of data between Company Incorporator and Client Hub.

• The following improvements has been made to Companies House Forms:
  • Check and Finish validations have been updated to assist with error trapping.
  • Improvements to the syncing of data between Company Incorporator and Client Hub.

• A new Check and Finish validation has been added to Accounts Production where the Company Name and/or Account Period End doesn't match that held at Companies House.

TaxCalc Product Update Version 6.6.024 Released on 11 Jul 2018

The following improvements have been included:

Tax Return Production - Corporation Tax

• Inclusion of CT600G Northern Ireland Pages. The CT600G Northern Ireland Pages have now been included in preparation for the Northern Ireland Corporation Tax Rate changing (currently anticipated for April 2019).
  • Allows data entry for the split between Northern Ireland and the Rest of UK amounts to be entered as part of the SimpleStep routine or HMRC Forms mode, for the Core CT600 and Supplementary pages.
    Please note that any CT600 that has Northern Ireland boxes completed will fail online filing due to the business rules currently put in place by HM Revenue and Customs.

• Improvements to AIA validation messages.

• Updated the Research & Development Expenditure Credit (RDEC) rate to 12% for expenditure post 1 January 2018.

Individual & Trust Tax Return Improvements

• New Feature! Foreign Tax Return Credit Relief reordering wizard. Allows reordering of the foreign income entered to see whether a more favourable foreign tax credit relief amount can be calculated.
• Updated R185s to the latest versions received from HMRC.

TaxCalc Client Hub

• The option to create a client using Quick or Full setup has been improved to always be a quick setup, with an option to continue entering client details.

TaxCalc Product Update Version 6.5.027 Released on 6 June 2018

The following improvements have been included:

Summary

• Online Accounting Software Integration: QuickBooks Online (QBO)
• Tax Return Production improvements
• Client Hub – Mail Merge: Five new GDPR Engagement Letters
• What If Planner 2018/19
• Dividend Database update for 2017/18 information

Online Accounting Software Integration: QuickBooks Online (QBO)

• Import a year-end trial balance directly from QBO (Posting > Import Trial Balance > Third Party API > QuickBooks Online).
  • Uses familiar import trial balance wizard.
  • Requires secure authentication.
  • A warning is provided on import where a Closing Date has not been entered within QBO.
  • Warnings are provided where an opening balances batch or a previous import already exist at the time of import (to prevent double counting).
  • Create a QBO import map.
  • All QBO import maps are created on a per-client basis allowing full customisation.
  • Import map can be started using:
    • default mappings based on the default QBO chart of accounts
    • an existing (CSV) import map
    • another client's import map.
  • Update mappings quickly and easily when required via the import wizard.
  • One-to-one mappings are stored and retained for future imports/years.
  • Import completes into a separate batch, which can then be edited/updated if required once complete. (Note: Any adjustments are not posted back to QBO).

Tax Return Production improvements

• Validation to check whether the self assessment tax year is able to be filed online before submission, to reduce rejections.
• HMRC SA110 Calculation Summary updated to the latest version from HMRC.
• A new wizard for Foreign Land and Property for the Partnership SA800 return.
• Business Integration Wizard validation will now disappear once a sync has been made.

New Feature: Client Hub - Mail Merge: Five new GDPR Engagement Letters

Engagement letters updated with suggested wording for the new General Data Protection Act:

• GDPR Engagement Letters:
  • Firm's Terms of Business
  • Main Letter for Individuals
  • Main Letter for Partnerships and Limited Companies
  • Main Letter for Trusts
  • Schedule of Services: Payroll

New Feature: TaxCalc What If Planner for 2017/18 tax year is now available

This add-on calculates a future tax liability for the following tax year and enables the creation of tax planning scenarios.

• What If Planner includes changes to the Scottish rate of tax.

Dividend Database

This add-on provides a database of dividends of FTSE350 and AIM listed companies updated for 2017/18 information.

TaxCalc 2018 update Version 6.4.034 Released on 1 May 2018

The following improvements have been included:

Accounts Production

• New! A Posting Batch, pre-populated using an account code template, can now be created via Posting New Template Batch. The following templates are currently available:
  • Last Years Trial Balance.
  • Last Years Trail Balance (including Debit/Credit Values).
  • Favourite Account Codes.
• It is now possible to prepare financial statements for LLPs under FRS 105 (the Financial Reporting Standard applicable to the micro-entities regime).
• An option is now available to voluntarily include a Director's Report within accounts prepared under FRS 105.
• The Accountant's Report has been updated to include default wording for the Institute of Financial Accountants (IFA).
• Further improvements have been made to Notes and Disclosures, that cover both disclosures required by law and those that may be required to give a true and fair view. These include:
  • The inclusion of additional account codes for "Profit/loss on revaluation of assets" to provide flexibility on where to include fair value adjustments.
    • Account codes 3570 & 3571 will show separately on the face of the Profit and Loss Account before Operating Profit.
    • Account codes 3580 & 3581 will show separately on the face of the Profit and Loss Account after Operating Profit.
    • Other codes have also been added to general income and expense headings (e.g. Cost of sales, Administrative expenses, Other operating income, etc).
  • The Taxation note now provides a list of additional movements for inclusion within the breakdown of tax charge section.
    • In addition, further account codes are now available for disclosure of components of Corporation Tax charge: Accounts codes 3820 to 3822 (Profit and Loss Account).
  • An option to show reduced disclosures for Debtors and Creditors.
  • Improvements have been made to the Provisions and Deferred Tax notes to provide an extension to disclosure that has the inclusion of additional codes for a further breakdown of components:
  • • Account codes 3830 to 3832 (Taxation, Profit and Loss Account).
    • Account codes 6101 to 6104 (Provisions, Balance Sheet).
  • New account codes have been provided for separate inclusion of a Fair Value Reserve (Limited Companies only).
    • Account codes 7600 to 7630.
  • A Reserves note including Revaluation and Fair Value Reserves can now be produced (where a Statement of Changes in Equity is not to be included).
  • A simplified Share Capital note showing total allotted, called up and paid/not paid.
  • The Transactions with Directors note has been updated, including being renamed to 'Directors' advances, credits and guarantees'.
  • Small improvements have also been made to the Related Party Transactions note.
  • An extra two Additional Accounting Policy notes are now available.
  • A new Additional Note to the Accounts has been added for inclusion at the end of the Profit and Loss Account notes.

New! GDPR Consent Management

Manage all marketing consent from within Client Hub. The fields that can be entered into TaxCalc Client Hub for each Client/Contact are under the Engagement screen.

In this release we have provided the ability to track consent for communications channels:

• Phone
• Email
• SMS
• Mail

You will be able to track the date of consent, who consented, who in the practice obtained the consent from the client, the method of how the consent was received (e.g. verbally, by email, by post) and a note for any additional information.

All of the information will be audit logged so every change can be seen over time. There are permissions to allow deletion of the records of each consent for removal of errors and amendments.

Consent Management Reporting

We have provided a default report that provides results on all clients and contacts that have given consent to receive email marketing communications from your practice. Consent Reporting will display the latest consent status for each type of consent.

Consent Management Administration

Consent management can be customised in Administration to create the best fit for your practice. The fields that can be customised are:

• Consent type (the way you will be contacting your clients and contacts).
• The method of consent (how the client/contact agreed to communications).

Bulk Consent

TaxCalc enables you to Bulk Consent your clients and contacts, for any practice that has already begun collating the relevant consent in preparation for GDPR's enforcement on 25 May 2018.

Tax Return Production

• New! MTD Integration wizard. Update of Business information from the 2018 tax return to Client Hub.
• Incorporation of additional HMRC Exclusions.
• Resolutions to a number of software faults arising from the initial release of TaxCalc 2018.

MTD Integration Wizard

• Create and update the business record in Client Hub with the following business information direct from the Tax Return in preparation for MTD:
  • Business name.
  • Latest year end.
  • Turnover.

Software resolutions

• Correction to the Adjusted Income calculation within the Pension Allowance wizard.
• Profits were not apportioned correctly for the first period in a long period of account when importing from Accounts Production to the CT600 Tax Return; this has now been fixed.
• Self employment pages: Class 4 NIC Exemption box is now automatically completed when reaching 65.
• Fixed error where TaxCalc stopped working when attempting to select a Participator using the search function.
• Loans to Participators: Mismatch between Accounts Production and Tax Return Production error message in Check & Finish reclassified to be an information message.
• Corrected the error encountered when attempting to access the HMRC website using links within the software to Helpsheets and Guides.

TaxCalc 2018 update Version 6.3.041 Released on 21 Mar 2018

TaxCalc 2018

Summary

• Incorporation of 2017/18 SA100, SA800 and SA900 Tax Returns.
• 2017/18 updated R40 repayment claim form.
• Fully updated Summaries including the header in line with header styles in Accounts Production and Corporation Tax.
• Improved integration between Corporation Tax and Accounts Production.
• Updated Help for 2017/18.
• Other enhancements and improvements as detailed below.

Self Employment - Basis period wizard

• New for 2017/18! Calculation of the basis period and overlap profits based upon accounting period information entered.
• Add historical accounting period information for 2014/15 onwards and view in a single location.
• Calculate the basis periods for opening years together with overlap periods and associate profit.
• Correct evaluation of overlap relief where accounting date changed and cessation of the business.
• Import accounting period information from previous tax years from 2014/15 onwards.
• Completion of the SA103F Self Employment pages without the need for manual entry.

SA105 Land & Property

• Incorporation of the restriction of finance costs in respect of UK residential property.
• Updated Land & Property Summary including resolutions to issues raised.

SA106 Foreign

• Total row added to Foreign dividend and interest screens.
• New box displaying the relevant country rate of foreign tax relief based upon the Double Taxation Agreement.
• Ability to override the prepopulated rate of foreign tax relief for a country.
• Fully updated HMRC Foreign Tax Credit Relief Working Sheet for 2017/18.
• Updated foreign land and property pages to accommodate the restriction in relief for finance costs for residential property.

HMRC Fetch API's

• Fetching employment details has been improved to better match existing employment data with information from HMRC.
• Improved handling of error messages issued by HMRC when fetching information.
• Improved the handling of HMRC issues during the Authorisation and Identity Verification process.

Corporation Tax

• New! Ability to create a journal for the corporation tax liability from within Corporation Tax and subsequently create a posting batch within Accounts Production.
• New! Management Expenses wizard providing the option to provide detailed breakdowns of management expenses arising in a period of account.
• Trading ceased date added to import from Accounts Production and calculation of the apportioned profits to the trading period.
• New validation incorporated into Check & Finish: Loans to Participators – no entry created in CT600A relating to additions in the Director's Loan accounts in Accounts Production.

Client Questionnaire

• Data from any other income area now incorporated into the questionnaire.
• Employment income and tax deducted now incorporated into the questionnaire.
• Improvements to include details of income where wizards not used:
  • Untaxed UK interest.
  • Interest from gilt-edged securities.
  • Pensions received.

WhatIf? Planner - 2018/19 is currently unavailable and will be updated in later release

Online Accounting Software Integration (Xero)

• Import a year-end trial balance directly from Xero (Posting > Import Trial Balance > Third Party API > Xero).
  • Uses familiar import trial balance wizard.
  • Requires secure authentication.
  • A warning is provided on import where a Lock Date has not been entered within Xero.
  • Warnings are provided where an opening balances batch or a previous import already exists at the time of import (to prevent double counting).
  • Create a Xero import map.
  • All Xero import maps are created on a per-client basis allowing full customisation.
  • Import map can be started using:
    • default mappings based on the default Xero chart of accounts
    • an existing (CSV) import map
    • another client's import map.
  • Update mappings quickly and easily when required via the import wizard.
  • One-to-one mappings are stored and retained for future imports/years.
  • Import completes in to a separate batch, which can then be edited/updated if required once complete. (Note: Any adjustments are not posted back to Xero).

Accounts Production - Version 6.2.011 - Released on 13 February 2018

For both Limited Companies and LLPs (where appropriate)

Notes and Disclosures

• Default text for notes has been updated under Administration to provide defaults for FRS 102 1A and FRS 105
• Options are now available under Edit Notes to include/exclude the Company Information and Statement of Changes in Equity within the Registrar Financial Statements
• The default for some notes to be included/excluded have been updated
• Edit Notes now includes two filter options; one to show only notes that are Required by Law or Encouraged by FRS; and another to show all notes that are On or Off.

• A separate note is now included under both FRS 102 1A and FRS 105 for Off-balance Sheet Arrangements.
• It is now possible to enter a Director/Member to sign the report(s) without entering a date.
• The Average Number of Employees note now allows additional categories to be created.
• Improvements have been made to the Tax on Profit note including the addition of items for the breakdown of tax charge for Prior period adjustment and Difference in tax rates.
• The Transactions with and Loans to Directors note has been amended to suppress column headings where no names have been selected. This will allow the note to be used as just free text.

Statement Preferences

• It is now possible to generate an Abridged Profit and Loss Account (Income Statement) and/or an Abridged Balance Sheet in conjunction with the requirements of the Small Companies/LLPs regime.
• It is now possible to generate a Statement of income and Retained Earnings (instead of a separate Profit and Loss Account (Income Statement) and Statement of Changes in Equity)
• An option is now available to present the Profit and Loss Account (Income Statement) and Statement of Comprehensive Income as a single Statement

Auditors' and Accountants' Report

• The Report of the Auditors has been updated for periods starting on or after 17 June 2016 to support the requirements of ISA (UK) 700 (Revised June 2016) and other reporting requirements of the ISAs (UK).
• An Audit Information note is now included within Audited Registrar Financial Statements that covers the requirements of the CA s444(5B)
• The Accountants' Report for ICAEW has been updated in accordance with AAF 07/16 and AAF 08/16

General Improvements

• A new option 'Attach to Tax Return' is now available within the Full Financial Statements
• A new option 'Send to Companies House' is now available within the Registrar Financial Statements
• When creating a new period options are now available to 'Bring Forward Opening Balances/Notes'.

Corporation Tax

• Software fault resolutions
  • Corrected an erroneous Check and finish error message relating to deductions allowance which appeared incorrectly.
  • CT600C Group Relief online filing error corrected.
  • Resolved the missing entry in box 780 of CT600
  • Corrected the rolling forward of losses from a period ended prior to 1/4/2017 into a new period starting on or after 1/4/2017.

CT Loss Reform - Version 6.1.031 - Released on 13th December 2017

Removal of support for older operating systems

TaxCalc will no longer be supported on the following operating systems (which will need to be upgraded to continue using TaxCalc):

• Windows Vista (or earlier)
• Windows Server 2008 (Pre R2)
• OSX 10.9 Mavericks (or earlier)
• Linux kernel 3.09 (or earlier)

Tax Return Production

• Corporation Tax - incorporated new data entry and calculations relating to the introduction of the loss relief regime brought about by the Finance Bill 2017.
• Please Note: The changes to Corporation Tax losses in this release will affect periods of account starting on or straddling 1/4/2017 and will result in the IRMark changing for any pre-existing CT600 submission. This is necessary to ensure the submission of these Tax Returns are successful.
• Corrected an issue in the previous release which prevented the removal of attachments on CT600 returns.

General

• End User Licence Agreement (EULA) has been updated to reflect some changes.
• General security enhancements for Cloud users.
• Corrected some issues in the previous release which resulted in unexpected screen content for some users with specific graphics cards.
• Added some configuration options to troubleshoot other uncommon screen content issues on some systems.

TaxCalc Company Secretarial Release - Version 6.0.041 - Released on 17 November 2017

Removal of support for older operating systems

TaxCalc will no longer be supported on the following operating systems (which will need to be upgraded to continue using TaxCalc):

• Windows Vista (or earlier)
• OSX 10.9 Mavericks (or earlier)
• Linux kernel 3.09 (or earlier)

Client Hub

• NEW FEATURE - Dashboards.

  • A new dashboard is available instead of the application launcher. The dashboard contains a variety of customisable widgets allowing you to view clients, tasks, online filing status and access customisable reports in real-time.
  • More widgets will be added over time - tell us what you want!

• NEW FEATURE - Businesses in Client Hub and Business Cleanup Wizard.

  • With HMRC's Making Tax Digital for Business project approaching, we've taken the time to enhance Client Hub, allowing you to create multiple businesses (Trades, Property, Foreign Property) for your clients with separate VAT and PAYE information, as required.
  • You can also create separate VAT returns for each business.
  • There is also a cleanup wizard to help you to easily create businesses and move relevant information into these new businesses.

• NEW FEATURE - Create company clients from Companies House API.

  • You can now search the Companies House API and create company clients from information held at Companies House.
  • Imported data includes the company name and number, as well as SIC codes and important dates like the incorporation date, usual year end and so on.
• Enhancements have been made to the CSV Client Import feature. More information about your clients can now be imported from an external CSV source.
• Columns and page orientation in all Reports can now be edited on the fly before printing, for one-off changes.
• Added the ability to control the inclusion of contacts (as well as clients) in reports.
• Added a duplicate report function to quickly make a copy of existing reports as a basis for new reports and save time.
• Added report categories. You can now create and assign categories to your reports to better group and organise them.
• Added the ability to search for clients/contacts by phone number. Entering 4 or more digits will trigger inclusion of clients/contacts with a matching phone number in the Client Hub search results.

Company Secretarial

• Updated People with Significant Control (PSC) forms to include new Date of Registry entry field required by Companies House. Also some further improvements to other date submissions on these forms.
• Corrected some issues with synchronisation between Client Hub and Companies House Forms.
• Corrected some issues whereby allotments and transfers of new share information was not always populating correctly in SH01 (Share Allotment) and CS01 (Confirmation Statement) forms, and multiple currencies were not populating continuation pages in the printed reports.
• Some validation improvements have been made to the EEA / Non-EEA information sections of forms relating to Corporate Officers and PSCs.
• Corrected a submission issue with the AP04 form, which could incorrectly appoint a corporate director instead of a corporate secretary in some cases.
• Fixed an issue which prevented online submission of TM01/02 (Termination of Officer) forms.
• Fixed some issues with content of addresses which could prevent online submission of forms in some cases.
• Added a restriction to prevent attempts to obtain a Certificate of Incorporation before the Incorporation has been fully processed, as well as improved handling of Companies House responses when checking on the status of a form that is still being processed.
• Added an option to request same day processing of change of name forms.
• Corrected some typos and grammatical issues throughout.
• Added option to sign the Statement of Compliance on behalf of a firm (as opposed to an individual).
• Corrected population of currency and guarantee amounts from Client Hub for Companies Limited by Guarantee.
• Corrected some online submission inconsistencies for share capital.
• Corrected some online filing inconsistencies with addresses.

Tax Return Production

• General layout enhancements throughout.
• Enhancements and validations have been added to the HMRC Fetch API process to help troubleshoot and explain some reported issues regarding unavailable data.
• Removed some incorrect tax tips from the Tax Tips and Planning report which no longer apply.

General

• BRANDING CHANGE. New TaxCalc branding, including a new desktop launcher icon and application background, have been added.
• Improvements have been made to the handling of high DPI screens.
• End User Licence Agreement (EULA) has been updated to reflect some changes.
• General security enhancements for Cloud users.

Cloud Installer fix - Version 5.8.012 - Released on 19 December 2017

General

• This release applies underlying changes to the update mechanism. This enables all users to upgrade to the current main release - version 6.0 (or later).

After installing this release, another update will be available for the upgrade to version 6.0 (or later).

TaxCalc 2017 update - Version 5.8.009 - Released on 5 October 2017

TaxCalc 2017

• 2016/17 Tax Calculations
  • Resolved the erroneous display of a Check & Finish message when Capital Gains were entered (the message now correctly appears only when Boxes 41 or 43 are completed)

TaxCalc 2017 update - Version 5.8.005 - Released on 28 September 2017

TaxCalc 2017

• New Feature:
  • Option in Administration area to automatically lock Tax Returns upon successful online filing
• 2016/17 Tax calculations
  • Incorporation of the final updated tax calculations for 2016/17 issued by HMRC - this will correct many of the outstanding errors encountered in relation to allocation of allowances and deductions.
  • Online Filing - incorporation of messages relating to additional HMRC Exclusions
  • Update of the TaxCalc Summary report to align with updated tax calculations
  • Update to the SA110 HMRC Calculation Summary in line with calculation changes
  • SA108 Capital Gains pages - disposal proceeds and costs not shown on the form where below the limits for completing the pages
  • SA108 Capital Gains - HMRC calculation of gain not being calculated where losses on EIS/SEIS relief allocated against income.
  • Class 4 NIC being incorrectly charged for non-resident individuals where exempt selected.

Note: The IR Mark will change for all cases where the tax liability changes as a result of the updated HMRC calculations and resolutions to the two issues relating to SA108 Capital gains Tax.

• 2017/18 Whatif? Planner update
  • Update of the calculations in line with the changes to 2016/17 calculation
  • Correction of the application of the Scottish Income Tax rate band

• SA900 Trust & Estates Tax Return
  • Form's R185 - inclusion of latest form R185 including fix for the missing text underneath Box 9 of the R185 (Settlor)
  • R185 Beneficiary - Beneficiaries R185 not being generated when using "auto-create" option
  • SA905 Capital Gains Tax pages - IR Mark not appearing on each page when printing.

• 2016/17 Help manual
  • Improvements to 2017 Tax Calc Help and associated links..
• CT600 (Company)
  • Yearly comparison report was not being generated
  • Property business losses - error validation appears when attempting to allocate losses b/fwd against total profits
  • CT600 for Property business fails online filing for a period starting on or after 1/4/2017. Boxes 740 and 745 completed with a "0" incorrectly.
  • Property business - WDV carried forward calculated incorrectly where only AIA claimed in the period.

Accounts Production

The following issues have been resolved:

• FRS 102 1A
  • Registrar Financial Statements no longer include Profit and Loss notes incorrectly.
  • Registrar Financial Statements now includes a statement on the Balance Sheet that the Profit and Loss Account has not been filed.
  • Average number of employees note no longer displays column headings where categories are not entered.
• FRS 105
  • Average number of employees note is now available.
• LLPs only
  • Income statement is no longer being incorrectly included within Registrar Financial Statements.

TaxCalc Company Secretarial Release - Version 5.7.056 - Released on 31 August 2017

TaxCalc Company Secretarial

• Enabling retrieval of a new incorporation certificate when a change of name form is submitted successfully to Companies House.
• Handling errors of additional submissions before a response is received from Companies House from the first initial submission of a form.
• Fixed an issue for a submission failure when the company type is set to Scottish whilst submitting Confirmation Statements.
• Added the ability to check the status of any form multiple times.
• Handled a common rejection error number 8023 from companies house with a Knowledge Base (KB) article for further guidance.
• Minor text change on NM01 and NM04 to do with meeting date and signing date.
• Disabled online filing for NM02 and NM03 forms as these can only be submitted by paper.

TaxCalc Company Secretarial Release - Version 5.7.050 - Released on 15 August 2017

TaxCalc Company Incorporator

• Fixed an occurrence of not being able to print the incorporation certificate.
• Removed an issue with retrieving incorporation certificates.
• It is now permitted to check Companies House Status responses multiple times.

TaxCalc Companies House Forms

• Enabled the ability to send a Companies House submission response to TaxCalc for investigation.
• Improved validations when filing to Companies House.
• Resolved an issue with submissions relating to Company Authentication Numbers.

TaxCalc Company Secretarial Release - Version 5.7.044 - Released on 3 August 2017

New Product: TaxCalc Company Incorporator

• TaxCalc Company Incorporator assists with the fast and efficient incorporation of Private Limited Companies and Limited Liability Partnerships (LLPs).

New Product: TaxCalc Companies House Forms

• TaxCalc Companies House Forms saves time when keeping Companies House up to date, by filing forms securely online from within TaxCalc.
• The software features a library of the most commonly used forms, including managing officers and shareholders, and the annual Confirmation Statement (the replacement for the Annual Return).

Client Hub

• Addition of Share Capital and Shareholdings screens in Client Hub to manage companies' shares and work with the Companies House Forms module.
• Added the ability to choose Limited by Guarantee as the company type when using the quick client create.
• Clarified the tasks window to setting of reminders (based on start and/or due dates).
• Reworded 'Annual return' fields to 'Annual return/Confirmation statement' for clarity.
• Added the ability to create new periods and returns from when creating a task.
• Fixed an issue with client name searches which prevented matches in some circumstances when searching on first name and surname together.
• Added a 'Moved out date' field to all client addresses to allow better management of old and new in future.
• Corrected some (rare) issues with Mail merge on Mac OSX and improved performance when generating a large number of letters and/or client questionnaires.
• Improvements to the open tabs on the tab bar. Initial width of tabs has been increased for clarity along with automatic resizing of the tabs as the bar fills.
• Fixed an issue with a wizard used to auto-create partner relationships in Client Hub after importing a new SA800 (partnership) tax return into the system.

Tax Production

• Corrected a display issue on the What If Planner 2016/17 summary which was missing a line for dividends at 0% in some cases.
• Fixed an issue, in some cases, with the correct population of Capital Allowance AIA and WDA fields on the company tax return.
• More general updates to 2017 application help.

Batch Filer

• Fixed an issue with the search function on the batch filer screen.

AML

• Added validations to ensure that date of birth is flagged as a mandatory field when performing searches.

TaxCalc 2017 What If / AML / Dividend data Release - Version 5.6.036 - Released on 28 June 2017

TaxCalc 2017

• New Feature: TaxCalc What If Planner for 2017-18 tax year is now available
  • What If Planner includes Scottish rate of tax and improvements to handling of remittance basis and Class 4 calculations.
  • End User Licence Agreement has been updated accordingly and in line with 2017's policy updates.
• SA100 (Individual) return
  • 2016/17 tax calculation changes and personal allowance allocation. The calculation provided by HMRC is not always allocating personal allowances in the most beneficial way. The tax calculation provided within TaxCalc has been updated to provide the correct calculation in most scenarios, however, there may still be scenarios that are not currently covered by HMRC Exclusions.
  • SA100 (Individual) returns now include the new CGT Losses Summary in the attachment sent to HMRC (where applicable).
  • Fixed an issue where the Pension Input wizard was incorrectly deducting the amount of employers' contributions in arriving at the amount of the annual allowance. The wizard was also incorrectly calculating the amount of annual allowance available pre- and post-July 2015, resulting in a greater amount of allowance to carry forward.
  • The Client Questionnaire was incorrectly excluding some sources of pension income from the previous year and was reporting dividend income under an incorrect heading. This is now fixed.
  • Corrected an issue with Self-Employment losses that were carried back in the 2015-16 year incorrectly being brought forward into the 2016-17 return again in some cases.
  • Fixed an issue which prevented R185 data from being imported into SA107 Trust pages on the Individual's return.
  • Corrected an issue whereby capital losses being offset against other income types could result in the loss being used twice.
  • Corrected Tax Payment / Repayment Summary to include the tax payer's name.
  • Corrected Tax Payment / Repayment Summary to correctly reflect repayments being claimed 'now' (and not show it as offset against the January payment due).
  • Corrected logic for female pension retirement age which could result in an incorrect claim for Class 4 exemption.
  • Added motor expenses back into the self-employment pages.
  • Updated Foreign Tax Credit Relief data to include recent rate changes for Interest and Dividends in new Double Taxation Agreements and updated/corrected the supporting worksheets.
  • Further updates to the SA110 Notes from recent HMRC changes (some further changes are outstanding but do not affect the tax calculation itself).
  • Corrected import of employment expenses to import all variances into the wizard and not just the total, from the previous year's return.
  • Added taxable income into the employment summary, which was previously missing.
  • Formatting improvements have been made to the Word / Excel export of summaries.
• SA900 (Trust and Estate) return
  • Corrected several erroneous error messages and submission errors in the Capital Gains pages.
  • Presentational improvements to the summaries (also affecting the SA800 Partnership return).
  • Some display corrections on the SA951 tax calculation.
• CT600 (Company)
  • Minor corrections to the computations for Patent Box and Annual Investment Allowance claims as well as correcting the Chargeable Gains losses carried forward value, which was incorrect in some cases.
  • Removed the ability to choose type 4 companies, as they no longer exist.
  • The repayment claim box is now automatically ticked when applicable and a validation has also been added, to try and ensure that this is ticked/unticked as applicable.
  • Updated old references to companies act in SimpleStep mode to more accurately reflect the terminology used in the new CT600 (version 3) form.

Dividend Database

• Further updates to the application Help.
• Implemented changes to account for the fact that gross values are now being reported.

AML

• TaxCalc Client Hub now has an area inside all types of clients to record AML information manually.
• The TaxCalc Anti-Money Laundering Identity Checking Service has been incorporated into the Client Hub
• AML users can now perform searches from within the Client Hub and store the responses in the database.

Accounts Production

• Added a new code '3580' to handle movements in the change in value of investment properties through the profit and loss account.
• Added validations to not use code 3580 to the FRS105 and FRSSE15 chart of accounts, as it is not applicable.
• Added an option to force the words 'As restated' to appear throughout, regardless of postings that would otherwise trigger this statement.
• Corrected a tagging issue when changing accounting standards which resulted in online submission failure in some cases.
• Corrected some tagging with the exported Abbreviated/Registrar accounts that prevented them from being submitted to Companies House outside of TaxCalc Accounts Production.

Version 5.4.119 - Released on 23 May 2017

Client Hub

• Fixed an erroneous validation that prevented Users from being edited within the Administration module.
• Fixed an issue within Client Hub relationships that prevented new beneficiaries from being created.

Version 5.4.116 - Released on 15 May 2017

Tax Return Production

• Fixed an issue that caused the software to become unresponsive if HMRC Status messages existed but the data couldn't be found.
• Various Help pages have been updated. Please note that, whilst most of the Help is up to date, some pages may still hold out of date information (these will be updated when HMRC update the relevant guidance).
• Password protected returns can now be exported (they will still require a password to open).

Self Assessment - SA100

• Fixed an issue affecting 2016 capital allowance claims. In some cases, AIA claims within the general pool were being moved to the special rate pool, which can also result in incorrect importing to the 2017 return. In these cases, affected returns can be re-imported.
• The SA110 Notes (Tax Calculation) has been reviewed and updated for the new tax year.
• Corrected logic so that the Capital Gains Tax pages will be automatically included when required thresholds have been reached (in some cases they were being excluded incorrectly).
• Other corrections to Capital Gains calculations have been implemented.
• Fixed an issue with Foreign Tax Credit Relief claims where there is also a claim of Top Slicing Relief from Life Gains (in some cases this was producing an incorrect calculation).
• Various validation messages and triggers have been updated.
• In cases where the personal allowance is used in a more beneficial way, an information message has been added to explain that this is happening.
• Minor text updates on the SA302, in line with HMRC standards.
• Reports and Summaries have been updated to include more detail and correct some rare instances of missing entries.
• Further HMRC Exclusions (scenarios which will prevent online filing) have been added for 2016/17.

Partnership Return - SA800

• Various validation messages and triggers have been updated.

Trust Return - SA900

• The data entered into Q14 was not being sent to HMRC. It is strongly advised that any submissions of 2017 SA900 returns that include discretionary payments to beneficiaries (Q14) should be re-submitted (by sending an amended return).
• An issue preventing online filing when property income was present has been fixed.
• The SA951 Tax Summary has been reviewed and updated for the new tax year.
• A printing issue with the pages has now been corrected.
• Various validation messages and triggers have been updated.

Corporation Tax Return - CT600

• Corporation Tax returns up to 31 March 2018 can now be filed online.
• Various reports have been reviewed and their layout improved.
• An issue that would cause a filing error when restitution tax was present has been fixed.
• Some iXBRL tags within the computations have been updated.
• Various validation messages and triggers have been updated.

Client Hub

• Fixed an issue where the column sort order was not being saved when re-starting the application.
• The report manager has been updated to fix an issue when using task reports.
• Tasks that relate to a return or period now correctly create the following return or period when complete.
• The 2017 Tax Status shown in the Client Hub now updates correctly after successful submissions.

Cloud Connect

• The non-client cleanup wizard is now enabled for Cloud Connect users.
• Automatic backups made by our system can no longer be deleted.
• Manual backups now have limits, which are shown within the software.

Other

• In some rare cases backups would not complete. This has now been fixed.

Version 5.4.094 - Released on 12 April 2017

Corporation Tax

• Fixed a filing issue on CT returns created before version 5.4.094.

Version 5.4.088 - Released on 06 April 2017

TaxCalc 2017

• Fixed an issue whereby SA100/R40 returns could not be created for the 2017 year when a 2016 R40 repayment claim existed.
• Corrected Tax Payment Repayment Summary which was incorrectly displaying a 1p payment on account in some instances when no payments on account were due.
• Fixed some calculation and display issues with Capital Gains Tax on Individual SA100 returns, as follows:
  • CGT Final Summary did not always agree with the, correct, SA302 calculation when Entrepreneurs relief was being claimed. .
  • A message regarding unused clogged losses and calculation amendment in box CGT51 was sometimes appearing when no clogged losses exist.
  • Added a separate row to the CGT Final Summary to account for other Capital Gains adjustments.
  • Fixed an issue on CGT Final summary whereby ring-fenced Non Resident UK Residential losses used were incorrectly being displayed as being carried forward as well.
  • Fixed an issue on CGT Final summary whereby unused clogged losses carried forward were being displayed twice in the carried forward section.
  • NOTE: An issue in the calculation of unused clogged loss adjustments in box CGT51 is still being investigated. However, a validation has been added to warn when the adjustment may not be correct. This will be fixed in a future update.
• Corrected the SA100 TaxCalc Summary to include FTCR already paid on income from trusts and estates.
• Fixed an issue on Linux whereby application froze when trying top print a return.

Corporation Tax

• Updated messaging to confirm that TaxCalc has now been updated to use the 2017 CT600 (version3) form for periods starting on or after 1st April 2015..
• Added the ability to open the new Loans to Participators wizard from Forms Mode (previously only available via SimpleStep mode).

General

• Corrected a performance issue that could affect the speed of opening Client Hub for some users with larger client lists.

Client Hub

• Fixed a display issue whereby client email addresses were no longer appearing in the Contact screen when editing a client.

Accounts Production

• Fixed the following issues that were fixed in a previous update but regressed in the previous release:
  • Creditor's note that did not need to be disclosed within the abbreviated statements has been turned off by default.
  • Accountant's Report note that could have shown a blank box in some cases has now been fixed.
  • The transactions with and loans to directors note now correctly displays a comma when figures used are above 1,000.
  • Some posts update page numbering issues within the abbreviated statements have been fixed.
  • An issue with the trial balance figures not appearing correctly when viewing comparative years has been fixed.

Version 5.4.080 - Released on 3rd April 2017

TaxCalc 2017

• TaxCalc 2017 is available! New 2017 forms available for: SA100, SA800, SA900 returns and R40 repayment claim form.
• Capital Gains pages improved to cater for the new CGT Supplementary page (SA108) as well as:
  • Non-resident CGT.
  • Employee shareholder status.
  • In addition, the CGT summaries have been improved with a separate losses summary and streamlining of the other summaries.
  • The intermediary summary now allows you to change the order in which losses and AEA (Annual Exempt Allowance) are used in the rare circumstances that it may be more beneficial to do so.
  • Updated Class 2 calculation to handle a rare issue with the Class 2 restrictions, when Class1 NIC has also been paid.
  • Clarified some wording relating to lifetime pension allowance to avoid confusion and added reduction in the lifetime limit.
• Other summaries throughout have been updated to streamline and standardise the layout.
• Corrected an issue with printing returns, where the return was not auto-saved and consequently the return status would not be updated.
• Handling of multiple trades (with multiple page 6/7 instances) added for SA800 Partnership return.

Corporation Tax

• New 2017 updates to the CT600 (CT version 3) tax return.
• Patent Box wizard added to assist in calculations of patent relief claims, using either the formulaic or streaming method, along with iXBRL computations.
• Loans to Participators wizard added to track loans year on year and automatically complete the CT600A supplementary page. Also added section to CT Computations.
• New CT600K Restitution Tax supplementary pages added.
• New capital allowances asset pools added for Zero Emissions Goods Vehicles and Enterprise Zones.
• Manual capital allowance entries now cater for property companies.
• Corrected a date display issue within the Tax Reconciliation section of the CT Computations.
• Updated calculation of ring fenced profits, to account for tax rate changes.
• New box added for bank surcharge.
• Fixed an issue with importing Accounts Production values into the CT600 (affecting codes 1870 and 1871).
• Importing Accounts Production values into a CT600 now caters for trading commencement date apportionments.
• Fixed an issue within the computations where total losses would not appear if trading losses were fully utilised in the period.
• General improvements to the computations.

SA900 Trust and Estate return

• Trust and Estate return enhanced to automatically include trustee, settlor and beneficiary relationships added from Client Hub and use this information to create R185 forms.
• Import from R185 into SA100 returns and R40 repayment claim forms.
• Wizards added / enhanced for Q12, 14 and 16 of the Trust and Estate return.
• Tax Pool computation summary added for trusts which are taxed at the trust rate.

Other Tax Production changes

• Client Questionnaire now includes student loan question, even if it was not present on the previous year's return.
• Fixed an issue with period dates not being imported from SNF (Standard Name Format) files when importing into Self Employment pages.
• Added support for the new HMRC transaction engine (to replace Government Gateway for HMRC submissions, in time).

Client Hub

• Enhanced the Relationships screen in the related wizard to allow better handling of multiple relationships and faster creation. You can now create new clients or contacts from within the Relationships wizard.
• Added the ability to create 'contacts' as well as clients, along with the ability to convert older non-clients into new contacts. Contacts allow far more information to be added when creating relationships to people and entities that are not clients. They can also be easily converted into full clients at any time.
• Fixed an issue where restricted clients could still be opened if a client was accessed from within the Companies House filing log window.

Tasks Enhancements

• Tasks can be linked to tax returns, accounts and VAT returns, and these returns and periods can be automatically created when applicable.
• Fixed an issue where the next task is not automatically created when the previous task is completed after the due date.
• Tasks can now be set to re-occur on specific days of the month.
• Added concept of Start Date for tasks, in addition to the existing Due Date.
• Added the ability to update task progress from the cog menu.
• Fixed some display issues and clarified some wording in the Tasks wizard.

Accounts Production

• Added the ability to turn off the Directors' Report and Small Company Rules note when using the FRS 105 standards.
• Fixed issue with the display of the Government Grants note in certain circumstances.
• Clarified the FRS 102 to state that the standard supported is FRS 102 Section 1A.
• Updated the balance sheet declaration statements on FRS 102 Section 1A and FRS 105 to better adhere to Companies House requirements.
• Corrected an issue with the code mapping when exporting trial balance import maps for others to use.
• Fixed an issue on the tax report whereby 'repairs and maintenance' (code 3140) was transferring to the wrong field.

CloudConnect

• Various stability and maintenance updates
• Added manual backup limiting. In addition to daily automated backups, CloudConnect users will be permitted up to 10 concurrent manual backups.
• Added a warning when auto-save of tax returns fails, because of temporary loss of connectivity, to prevent potential loss of data.

Version 5.2.061 - Released on 9th August 2016

Accounts Production

• Corrected an issue whereby the Trading P&L was being incorrectly included in some submissions of Full Financial Statements to Companies House.

• Corrected iXBRL tagging on Depreciation of Tangible Fixed Assets (FRS102 standards), which could cause submission failure in some cases.
• Corrected iXBRL tagging of start and end dates within the Statement Of Changes In Equity (FRS102 standards), which could cause submission failure in some cases. 

General

• Added a new template letter for P11D to the client hub mail merge area

Version 5.2.059 - Released on 7th July 2016

General

• Fixed an issue affecting users with the VAT Filer product that was preventing TaxCalc from upgrading to the latest version.
• Corrected a rare email address validation issue that was preventing email addresses from being entered for a few users.

Tax Return Production

• Fixed an issue whereby the Online Filing receipt could not be printed from the online filing results screen.
• Removed a panel that allowed access to future HMRC information on Marriage Allowance. This feature was not intended to be released yet and should not be used.
• Corrected a validation within Marriage Allowance that was incorrectly asking for a date of marriage for a transfer of allowance, even if no transfer was being made.

Version  5.2.055 - released on 4th July 2016

Tax Return Production Breakdown

• New feature: WhatIf? Planner for 2016/17 tax year is now available (requires WhatIf? Planner module).
• New feature: Dividend Database for 2015/16 tax year is now available (requires Dividend Database module).
• Tax rate and personal allowance changes within Foreign Tax Credit Relief worksheets (Individual returns).
• Changed some references within the HMRC Tax Calculation summary to correctly misleading figures in some cases.
• Class 4 NIC now appears correctly on SA302 when ‘Earnings above the PT’ is completed.
• Fixed an issue which prevented capital allowance asset acquisition dates correctly carrying forward in some cases.
• Also corrected an issues with the AIA claim from January 2016, when the claim exceeded the maximum allowance.
• Corrected an issue on the Partnership Capital Allowances wizard, where Annual Investment Allowance (AIA) was being added rather than being deducted in some cases.
• The annual exempt amount for Trust Capital Gains has been updated.
• Fixed an issue where the Self Employment Cash basis tickbox was not saving the tick.
• Total Tax & NIC box calculation now includes the marriage allowance amount (if relevant).
• Lifetime pension allowance has been increased to £1.5m.
• Added '£' sign column headers to the capital allowance computations for consistency.
• Clarification added within the Residence & Remittance pages when referring to ties to the UK.
• Further validations added to marriage allowance wizard to assist with completion.
• Annual Pension Allowance updated for 2015/16 rules and transitional periods.
• HMRC notes and help sheets updated for 2016.
• Removed the 'beta' warning on the new CT600 2015 form.
• CT600 trading losses now carry forward correctly.

Client Hub

• New mail merge templates: Labels and Envelopes category now exists within mail merge.
• New feature: A main contact can now be set on the client relationships screen and can be used within mail merge.
• New feature: Client restrictions can be added for specific users, found in the Users section within the Administration module. Restricting users to specific clients will ensure that they will only be aware of those clients – others will be hidden from them completely.
• Reports templates can be exported and imported to be shared with others (not a requirement for network or cloud users).
• When running a client-based report, each line within the report now has a drill down ability allowing you to open selected clients from within the report screen.
• Fixed some instances of unexpected behaviour when running mail merge on different systems (various combinations of operating system and version of MS Office).
• When using tax return filters on the client selection screen, password protected clients were shown. This has now been fixed.
• Deleting clients that are related to others no longer results in a failure.
• Fixed some issues with skipping a period or incorrect due dates when using the Automatic Task Scheduler for Accounts.
• 64-8s now have a default status of 'In Progress' instead of blank when creating clients using Quick Create.
• Overdue tasks no longer appear in the notifications panel when they have been marked as completed.
• Mail Merge now has improved support for systems not using MS Office (template and data can now be exported for use with other applications).
• New mail merge tags added (client name/default contact).
• Client questionnaire now includes marriage allowance and student loan deductions.
• The label of ‘Everyone’ for task management has now changed to 'Unassigned' and these tasks will appear for all users.
• More fields can now be imported from the CSV file to create clients.
• Thousands of email endings (TLDs) are now validated in email fields (e.g. .london).
• Many more fields from within the Client Hub and tax returns can now be added as columns in client reports.
• Client Note content as well as date and time are now editable. They can also be printed.
• Data mining can now handle custom fields and tax repayments due.
• Prompt added after saving a report to run it immediately.
• Unnecessary 'Save Successful' messages have been removed.
• Task history now displays the date and time.
• The task filter 'Tasks completed between' now automatically ticks the relevant box to show completed tasks.

Accounts Production

• Fixed trial balance import issues when the CSV file contains unusual characters.

VAT Filer

• EC Sales lists can now be imported via CSV.
• EC Sales lists can now be sorted by column for easier viewing.
• VAT status can now be viewed and controlled from the Client Hub.
• VAT method used is now included within the VAT100 itself.
• Added additional validations to the VAT68 form.

General

• New HMRC Form: The SA1 (Register for Self Assessment) form can now be created.
• New HMRC Form: The FBI2 (Authorise agents for PAYE/CIS) form can now be created.
• 64-8 (agent authorisation) can now be filed online for PAYE services.
• A default password for PDF encryption can now be set up within the Admininstration module (requires PDF encryption module).
• A preview of your reports can now be seen when editing report styles in the Administration module.
• VAT credentials can be added during first setup.

Version  5.1.049 - released on 25th May 2016

IMPORTANT NOTE: This release is likely to result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

NEW - TaxCalc CloudConnect

• Many application and infrastructure changes to support the upcoming CloudConnect product.
• Changes to the End User Licence Agreement to encompass CloudConnect users.

Tax Return Production

• Fixed an issue with submission of Class 1 National Insurance Contributions (NIC) on the individual return when there are multiple employments in the tax year.
• Several improvements to the automatic calculation of Class 2 NIC, including corrections to potentially misleading validation messages and correct display of this within the summaries.
• Updated printing to include the tax payer's date of birth on the PDF when entered.
• Added Marriage Allowance transfer to the Tax Payment / Repayment and SA302 summaries which were, incorrectly, not including this value where relevant.
• Fixed an incorrect calculation within the capital allowances wizard affecting sale of private use assets that result in a balancing charge.
• Help manual has been updated for 2015-16 tax year and also updated some broken help links.
• Self employment summary updated to show new annual investment allowance (AIA) rates.
• Added Class 1, 2 and 4 NIC fields into the Data Entered report.

Corporation Tax

• Corrected rounding of R&D fields on the new CTv3 (2015) form, which was preventing submission.
• Fixed an iXBRL tagging issue affecting losses brought forward on the CTv3 (2015) form, which was preventing submission.
• Corrected existing, removed old and added some new validation messaging for AIA and Research & Development (R&D) allowance within the capital allowances wizard.
• Improved some calculations within the new CTv3 (2015) form R&D wizards.
• Some minor presentation improvements to the computations.

HMRC Forms

• Updated CWF1 (registration for self employment) form to the latest version.

Accounts Production

• Fixed incorrect previous year balances appearing on the Statement of Changes in Equity.

Version 5.0.132 - released on 21st April 2016

IMPORTANT NOTE: This release is likely to result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

Tax Return Production

• Fixed some issues within the Class2 National Insurance Contributions (Class2 NIC) wizard and associated calculations as follows:
• Corrected full year calculations from 53 weeks to 52 for the 2015-16 tax year. This could have resulted in an overpayment of one week's Class2 NIC. In this case HMRC should automatically refund the amount and confirm. 
• Corrected an issue whereby Class2 NIC payments were being calculated incorrectly based on turnover threshold and not profit.
• Removed a dependency which prevented voluntary Class2 NIC contributions from being made when tax payer was exempt from Class4 NIC contributions.
• Updated the SA302 calculation summary to display the Class2 NIC due, which was not appearing in all cases.
• Improved handling of automatic Class2 calucations when tax payer retired mid-year and improved related validation messages

General

• This release brings TaxCalc 2016 availability to Network Practice users See release notes for version 5.0.105 for more information).
• Prevent intermittent package download failures.

Version 5.0.126 - released on 6th April 2016

IMPORTANT NOTE: This release is likely to result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

Tax Return Production

• Fixed an import issue whereby 'payment on account due' values were being imported into the 2016 return when none were due to be made. If payments on account were due during the 2015-16 tax year, the imported values should be correct.

General

• This release brings TaxCalc 2016 availability to Network Practice users See release notes for version 5.0.105 for more information).
• Prevent intermittent package download failures.

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Version 5.0.105 - released on 22nd March 2016

IMPORTANT NOTE: This release is likely to result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

General

• Changes have been made to the installer so that there is one installer for Windows customers rather than a separate one for network/standalone configurations. (Practice customers)

Tax Return Production

• Updated Self-Assessment (SA100, SA800 and SA900) for the 2015–16 tax year.
• New Feature. New left-hand navigation menu has been updated to be consistent with other modules.

SA100

• New Feature. Addition of a new box for marriage allowance.
• New Feature. Addition of a Class 1 / Class 2 NIC wizard to assist with calculating what is due in the year.
• New Feature. Check and Finish now checks our website for any known issues on the HMRC Status page.
• Improved messaging regarding payments on account including a prompt to enter the reason for reduction.
• Child benefit now accepts a '0' entry for amount received in the year.
• Improved wording on residency 'split year treatment' and 'time spent in UK' screens.
• Fixed an issue where the date of birth being entered was automatically altered by one day in some cases.
• FTCR (Foreign Tax Credit Relief) changes for 2015 returns.
• Able to declare asset value type within Capital Gains Gift holdover relief form.
• Added a ‘select all’ button to joint importing tool.
• Calendar widgets are now able to select dates later than 2015.
• Can now print Capital Gains Intermediate and Final summaries directly from the report.
• Mac only – Previous and next command keys are now working.
• Mac only – Importing from Accounts Production for Sole Traders has been fixed.
• Added further validations to Check and Finish to prevent filing errors.
• General improvements to help content, although further updates are required and will be released in a later update.

SA800

• Can now import agent details directly into the return. (Practice customers)
• Fixed an issue where it was changing partnership share percentage by 0.01%.
• Fixed an issue where some customers were receiving a ‘generating’ message when adding certain partners.

CT600

• New Feature. Added a R&D enhanced expenditure data entry wizard (available in the 2015 version of the CT600 only).

• New Feature. Refresh accounts button added to quickly update the attached accounts from Accounts Production.
• Removed reference to CT600 Short in SimpleStep mode on the 2015 form.
• No longer validating the '@' symbol in the company name as incorrect.
• Include year-end in tab name to easily find the correct return when multiple years are open.
• 'Use' button now works for selecting the officer signing.
• Added UTR box to SimpleStep mode (it was missing from the 2015 form).
• Fixed an issue causing some CT600’s to fail submission on the 2015 form.
• Improvements to computations:
  • Due to HMRC removing the signature box in the CT600, we have added a cover page for clients to sign (on the 2015 form).
  • There is a new Edit notes window to edit the notes to the computations.  
  • You can now show the breakdown of the payment dates when the corporation tax is due.
  • Trading losses has more options to surrender for different types of tax credits.
  • Other general improvements.
• Improvements to the Capital Allowances validations.
• New asset type ‘Research and Development’ within Capital Allowances.
• Entertainment now imports as a disallowable expense when importing from Accounts Production.
• Check and Finish error added if there are still outstanding errors in Accounts Production.

Accounts Production

• Fixed an issue where some customers using Mac were unable to export to Word 2016.
• Removed validation relating to dividend payments asking for a director to be selected within the postings window.
• Fixed an issue where some accounts were not balancing by £1.
• Preview mode for Share Capital: Allotted, Called Up and Fully Paid now displays the title.
• Erroneous validations removed for LLP accounts.

Client Hub

• 2016 Tax Year columns added to the Client Hub.
• Client Questionnaire updated for 2016 tax year.
• The SA Tax Work status report no longer includes Limited Companies.
• Can no longer create a task without a due date.
• Letters of engagement have been updated to reflect the introduction of Digital Tax Accounts.
• Increased mail merge tokens available:
  • PAYE reference.
  • Pension Auto Enrolment Date.
  • Trade name.
  • Business address.
  • Payments on account due on or before 31^st July 2016.
  • Total Tax and NIC due.

Administration

• You can now edit permissions for users to set whether they can update global settings for modules within Applications.
• Reset password restricts the use of the previous password (user must create a different one).
• Added optional password complexity rules (to force users to create more secure passwords).
• Administrators now see which users are logged into TaxCalc.
• Fixed rare and unexpected behaviour when making a backup.
• Added Backup Location column to the database backup table.

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Version 4.0.014 - released on 25th November 2015

IMPORTANT NOTE: This release may result in a change to the IR Mark on any existing CT600 returns and may affect some SA100, SA800 and SA900 returns.

Tax Return Production

• Fixed a display issue on the What If? Planner summary to display the new 0% rate correctly (it was calculating correctly but displaying 10%).
• Fixed missing value for Trading Loss on the computations (CT600 version 3 for periods starting on or after April 2015 only).
• Unlocked box 10.4A (Gross annual payments) on the Trust and Estate return (SA900) as this can be changed from the default 20% in certain circumstances.
• Implemented HMRC exclusion for online filing due to an issue on their system which will not correctly calculate Income Tax Relief Limit in certain circumstances.
• Corrected Child Benefit to allow number of children entered to be 0, if applicable.
• Updated Marriage Allowance calculations within the What If? Planner.
• Corrected the date of qualification for Class 4 exemption for women.

Accounts Production

• New Standard. The updated FRSSE 2015 standard is now available for periods starting on or after 1 January 2015.
• New standard. Micro-Entities reporting is now available for accounting periods ending on or before 31 December 2015.
• New Standard. FRS 102 reporting for small entities is now available for periods starting on or after 1 January 2015.
• New Feature. Rich text formatting within the notes window, including options such as bold, italic and underline, as well as bullet points and numbered lists.
• New Feature. Interactive Edit Mode feature within the financial statements. Edit Mode allows you to change notes or certain headings and labels directly within the iXBRL preview without needing to open up the relevant note window. If preferred, you can also open up the notes window from this mode straight to the note in question.
• New Feature. Enhanced the use of tokens within the notes window. These are now more obvious within default text and you can insert your own tokens to automatically populate values entered elsewhere.
• New Feature. A new Accounts Setup section in the menu, allowing more convenient access to setting up accounting standards, audit/dormant status, cover page setup and more. Note: Some of these options were previously in the notes window and have been moved.
• New Feature. The ability to control Report Terms. In a similar way to the Chart of Accounts, certain headings and labels can now be amended within the accounts and you can also create system defaults via the Administration module.
• General improvements to the posting window. You can now post new entries before fully completing others.
• New validations added to the posting window to identify errors and the ability to show incomplete postings only (to locate and complete them more easily).
• There is now the ability to resize all columns in the posting window.
• The character limit on the WP Ref column in the posting window has been increased, as the value was not saving in some cases. Also, if the WP Ref column is hidden it will now remain hidden until you choose to show it again.
• Added additional codes for creditors to the chart of accounts.
• Added a new code for Disposal of Goodwill.
• If the account code is changed, it will now retain the value in the narrative.
• The default chart of accounts can now be edited globally within the Administration module.
• Corrected sole trader accounts current liabilities calculation to include VAT figure.
• Added the ability to mark certain codes within the chart of accounts as Favourites. These can then be easily filtered when viewing the chart of accounts to help you locate commonly used codes.
• A default accountant's report for multiple accountancy bodies now exists. These can also be amended system-wide via the Administration module.
• Changed the method of populating the agent and firm details on accounts. You can now see which address will be used within each set of accounts, plus fine tune the display of qualification and firm name. We also added this option to sole trader and partnership accounts.
• Amended logic on bank account codes to net off balances for each account separately.
• You may now display up to eight decimal places on the share capital note for value of share.
• Added note and related codes to cater for reduction in share capital and the ability to declare share capital as unpaid or part paid.
• There is now the ability to remove the word 'Unaudited' from the cover page for unaudited accounts, if so desired.
• Implemented a switch between the term 'period' and 'year' on sole trader and partnership accounts (to match the logic used with limited companies).
• Improved the 'look up logic' to avoid duplicating the name of a director who is also the company secretary. When this is the case, the name should only appear once in the list of available officers.
• Sole traders may now display their trade name only.
• Added a new guarantee note to companies limited by guarantee.
• Added the ability to comment on the tax note.
• Updated the logic for the trial balance variance percentage, as this was incorrect in some cases.
• You may now display the trading address as well as business address on sole trader accounts.
• Added the ability to always display a comparative period on trial balance by default.
• Corrected the rounding on the tax report as this could occasionally disagree with financial statements.
• Improved the handling of unallocated amounts on the partners' capital account when using percentage split.
• Added a new field (Country of Incorporation) within Client Hub and Accounts. This is required for submission of FRS102 accounts.
• Corrected the default balance sheet statement for unaudited LLPs as part of the required statement was missing. Also corrected the display of address and reference to members on LLP accounts.
• LLP accounts default notes can now be set in the Administration module.
• Fixed an issue with the progress bar not disappearing after generating financial statements (Linux only).
• Corrected positioning of cover page information (Mac only).
• Numerous other corrections to alignment and underlining within the financial statements.

VAT Production

• Fixed a validation on the registration number format for Austria.
• Corrected an issue with the calculation of Box 10 of the VAT1 form that could arise after changing from an annual to a monthly or quarterly basis.
• Reworded part of the VAT Services Letter to refer to VAT Returns.
• Corrected the automatic entry of VAT period dates as this was sometimes incorrect when using quarterly periods.
• Corrected the printing of the address on VAT100 and ECSL forms. This address will now match the one selected on the VAT form and not only the Client Hub default address.
• Fixed an issue where the business name was not always appearing on VAT100 forms.

General

Version 3.0.103 - released on 24th March 2015

IMPORTANT NOTE: This release will result in a change to the IR Mark on any existing CT600 returns and may affect some SA100, SA800 and SA900 returns.

Please note that if you are running the Network version of TaxCalc and are currently using version 2.97 or earlier, we would recommend you download and run the installer on all additional machines after applying this update. You can download the installer from your account at www.taxcalc.com.

Tax Return Production

• Updated Self Assessment (SA100, SA800 and SA900) for the 2014-15 tax year.
• 2015 Tax Year columns added to the Client Hub.
• Various improvements to the SA forms including: importing, layout, design and general content.
• NOTE: Foreign Tax Credit Relief (FTCR) is currently based on draft guidance and so may need adjusting in a future release if the guidance is amended.
• CT600 tax rates have been added for the 2015 financial year.
• Client Questionnaire has been updated for the 2014-15 tax year.

New CT600 version 3 (2015) - Preview

• The new CT600 version 3 forms for periods starting on or after 1 April 2015 are now available as a preview.
• Some further work is required to implement the latest iXBRL tagging. Therefore the final version of these forms will be available in a future update - attempting to submit these forms is not recommended until final release.


New Theme

• User Interface overhauled with a new colour theme to improve usability.
• Added the ability to customise your theme to suit your preferences (accessed through the View menu).

New Feature - Revised Client Search and Views

• Client Hub searching has been refined giving you the ability to create powerful Data Mines to find the clients you want and streamline the process of searching for your clients in general.
• You can now set up and save specific Views in Client Hub so that you can quickly switch different column arrangements depending on your current client list and workload.

New Feature - Auto-Attach PDF files to email

• You can now automatically attach any PDF file (Tax Return, Accounts and more) to an email. If the client's email address is stored in Client Hub then this will be populated automatically as well.

New Module - PDF Encryption

• The PDF Encryption module allows you to create unique passwords for each client and easily create encrypted copies of any PDF to send to your clients or colleagues.
• This feature is available for free within the Client Hub and HMRC Forms modules. You can pay for an upgrade to your software in order to use this for other modules (such as Tax Return Production and Accounts Production).

Accounts Production

• Fixed an issue where signature lines were not appearing on the accounts when more than one director was signing.

EULA and Privacy Policy Updated

• The End User Licence Agreement has been updated. Please review the EULA here.
• The Privacy Policy has been updated. Please review the Privacy Policy here.

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Version 2.98.064 - released on 16th January 2015

General

• This release brings the fixes and enhancements from version updates 2.98.049 (noted below) and later to the Mac platform.

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Version 2.98.059 - released on 9th January 2015

This release is available for Windows users upon request from support@taxcalc.com. We are currently working on a release for Mac users and will be available shortly.

Tax Return Production

• Fixed a calculation issue that affected the restrictions on nominated income when claiming the remittance basis (in rare circumstances).
• Fixed a calculation issue that affected the annual allowance charge for pension contributions (in rare circumstances).
• (Practice users only) Fixed an issue where, when creating new CT600 (Corporation Tax) returns, creating short periods changed the end date to a full 12 month period. (This could be corrected manually within the return itself anyway).

Accounts Production

• Fixed an uncommon issue where bringing forward opening balances could cause unexpected program behaviour.

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Version 2.98.055 - released on 30th December 2014.

Some issues affecting the most recent release have been fixed.

Tax Return Production

• Fixed an issue displaying an incorrect validation message referring to data held in 'Client Hub Record' for non-practice users.
• Fixed an issue with the SA900 Trust and Estate return and SA800 Partnership return page orientation when generating a pdf containing the Capital Gains Tax pages.

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Version 2.98.051 - released on 22nd December 2014.

Some issues affecting the most recent release have been fixed.

Tax Return Production

• Fixed an issue displaying the client list which resulted in application hanging and general performance issues.
• Fixed an issue with the IRMark on some self assessment returns unexpectedly changing. Please note: If the IRMark changed in the recent update then this release will correct the issue and change it back. 

Accounts Production

• Corrected an issue which resulted in no directors appearing on the Directors Report. 

General

• Corrected a minor issue with the new Demo database being offered to all users instead of only Trial product users.

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Version 2.98.049 - released on 17th December 2014.

IMPORTANT NOTE: The changes implemented by this release will result in a change to the IR Mark on any existing SA100, SA800 and SA900 returns.

EULA and Privacy Policy Updated

• The End User Licence Agreement has been updated to clarify how TaxCalc collects and treats some data. Please review the EULA here.
• The Privacy Policy has been updated to clarify how TaxCalc treats data it receives, especially in regard to supporting technical issues. Please review the Privacy Policy here.

New Feature - Batch Filing

• A Batch Filing module has been added as an optional upgrade. If you are interested in this module then please contact our Sales team on 0345 5190 883

  .
• This module will give you the ability to submit multiple SA100, SA800 and SA900 tax returns in one quick and easy process.

New Feature - Demo Database

• Users with a Trial Licence will now have the ability to switch to a pre-populated 'demo' database without affecting the main database.

New (BETA) Feature - TaxCalc built-in PDF display

• TaxCalc now contains an (optional) system to display PDF tax returns without the need for separate PDF software being installed on your machine.
• This can be enabled from within the Tax Production module: Select Options and then the PDF Viewing menu item. 
• This feature is currently available to all users as a Beta option and also includes the ability to auto-attach PDF documents to a client email. 

Tax Return Production

• 64-8 Agent Authorisation: Automatically capitalise the agent ID and remove superfluous country code and preceding zeroes when sending a 64-8 online, to prevent occasional submission failures.
• Added the ability to export the Capital Allowance summary to MS Excel.
• Corrected a printing issue which excluded page 1 of the Trust and Estate Foreign pages.
• Added Property Losses to the losses memorandum and property summary reports.
• Corrected an erroneous validation within the Capital Allowances Small Pool Write off allowance when the balance had been reduced to zero.
• Corrected an issue which prevented online filing of SA100 returns with more than 20 foreign dividends, with some claiming foreign tax credit relief and others not.
• Corrected an issue where the capital gains pages could not be removed from the return once created, in certain circumstances.
• Corrected a mapping issue within the SNF import from AP for Professional Indemnity Insurance
• Corrected a misleading validation within the Residence and Remittance pages which was appearing, on occasion, when claiming the remittance basis.
• Added an option to mark R40 submissions as 'filed to HMRC' when printing. This will correct the submission status of these repayments within Client Hub's tax filters section.
• Corrected the self employment turnover threshold which validates the usage of the full or short forms.  

Accounts Production

• Enhanced the Trial Balance Import tool to include import maps for TaxCalc Trial Balance and Audit Trails, and also to allow importing when certain items are not mapped (totals, for instance),
• Corrected some iXBRL tagging and display issues affecting the statement of recognised gains and losses, and secured overdrafts and depreciation of tangible assets.
• Removed research and development costs from the operating profit note.

Client Hub

• Updated the Client Questionnaire tokens to show the active tax year depending on the local system date and also added the option to use the data mine function to search for clients.
• Added an additional column to the task reminder window to show the client to whom the task relates without needing to open the task itself. 
• Added the ability to delete custom fields.
• Corrected an issue where the client tax return status was not updating immediately after return submission. 
• Corrected an issue which removed the Account Status column from Client Hub following the previous software update.
• Added auto-capitalisation to the PAYE field.

VAT

• Submitted returns can now be deleted and user permissions can be customised via roles within the Administration module.

General

• Help content updated.
• Corrected some misleading box labels.

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Version 2.97.001 - released on 5th November 2014

Important Accounts Production Filing Issue

• Companies House have notified us that they have made changes to the online filing protocols affecting submission of accounts. This has required a corresponding change to the  TaxCalc Accounts Production module. Use of SSL3 (Secure Socket Layers) has been removed in favour of TLS (Transport Layer Security) for all TaxCalc online submissions.
• To continue submitting accounts to Companies House apply this update.
• Whilst submissions to HMRC will be unaffected for the time being it is strongly recommended that you apply this update as these submissions may also be affected in the future.

Client Hub

•  Fixed an issue affecting the client Engagement Status being incorrectly set. This update will correct the issues and reset Engagement Status to Active for affected clients.

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Version 2.96.080 - released on 28th October 2014

General

• Fixed an issue in the previous release which prevented the application from updating in certain circumstances.

TaxCalc

• Fixed routing issue when switching between HMRC and SimpleStep modes to ensure that the user is taken to the correct page.

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Version 2.96.076 - released on 21st October 2014.

To find out more about this release, please visit our Client Hub Refined webpage.

General

• Added a function to check when background data lists (country codes, tax offices, dividend data and more) are not successfully updated, so that further action can be taken if necessary.
• Added a ‘What's New’ section to the program help guide to explain the new features that have been added in this release.
• Some items further clarified within the application EULA.
• Added the ability to add and update mail merge templates and the professional fees lists without the need for a full application update.

Client Hub

• New Feature – added the ability to quickly create clients, allowing minimal client information to be entered initially (and then completed at a later date).
• New Feature – when within the client record, the client summary screen content can now be customised for each client type and printed.
• New Feature – automatic tasks (Auto Tasks) can be created for clients based on key calendar dates (tax return due, VAT return, annual review and more). Upon completion, a new task will be generated automatically.
• New Feature – custom fields can now be created for your clients through the Administration module and then accessed within the client records.
• New Feature – added the Data Mine (Advanced Search) functionality for use within the Reports and Mail Merge tools.
• New Feature – custom task types can now be created within the Administration module and used when creating tasks. Additionally, tasks for the current client can be accessed from the cog menu in the upper-right.
• New Feature – notes can be added to a client when editing their client record.  
• New Feature – many new fields added to the client record, including the ability to create services offered to clients and record this in their client record, along with the usual fee charged.  
• New Feature – a global address book has been added, allowing shared addresses to be used by multiple clients. When such an address is updated, it can be updated for all relevant clients at the same time.
• Added the ability to record multiple email addresses and to record notes against phone numbers and emails.
• Added several new Mail Merge fields, including a friendly salutation field to the client record for use in the Mail Merge tool. This allows greater tailoring of the resulting letters to a particular client.
• Added a new cover letter to the client questionnaire that can be accessed through the Mail Merge tool.
• Added new report types for work statuses and improved customisation options. 

TaxCalc

• Updated some 2013-14 help content.
• Removed some outdated validation rules in the CT600 module to prevent unnecessary warnings.
• Corrected a calculation issue within Foreign Tax Credit Relief when the remittance basis is being claimed.
• Corrected a calculation issue for non-residents when a double taxation agreement is in place, which could lead to an incorrect personal allowance.
• Corrected a calculation error when female Married Couple’s Allowance is being claimed, which prevented submission.
• Corrected the validation for the Married Couple’s Allowance limit, to refer to the new rate.
• Fixed an issue within the Partnership return which prevented the removal of extra trade pages once created.
• HS302 and HS304 non-resident worksheets updated to declare the correct tax year.
• Corrected some minor navigation inconsistencies.
• Corrected the wording for box NRD7 of the residency and remittance pages.
• Corrected a calculation error involving partnership land and property losses.
• Corrected a printing issue wherein custom watermarks did not appear on the PDF.
• Corrected the partner relationship lookup wizard within the 64-8 agent authorisation module.
• Updated the CT600 indexation calculations to August 2014, within the Chargeable Gains wizard.
• Added a lookup wizard to select the CT600 director signing from existing client relationships.
• A breakdown of other expenditure can now be included in the CT600 comps.

Accounts Production

• Fixed an issue with the Going Concern note, where the default selected text was not always carrying through into the financial statements.
• Minor corrections to formatting.
• Added the ability to export financial statements to MS Excel.
• Trial balance import will now ignore zero values to prevent import issues.

VAT Filer

• Added an approval section to the printed VAT return.
• Added the ability to apply work statuses to VAT returns and ECSL.
• The program will automatically clear spaces from VAT registration numbers to prevent online filing issues.
• Added the ability to resume a VAT submission attempt if the connection is broken or times out.
• Corrected the handling of negative monetary values, which could prevent online submission.
• Corrected an issue which prevented a Flat Rate Scheme from being removed once one had been selected.
• Fixed an issue with an erroneous watermark appearing on the VAT7 form.

Additional

• The Payroll letter template has been amended to the newer standard format, in particular excluding references to P35 and replacing with RTI.

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Version 2.95.002 - released on 22nd July 2014

• VAT Filer module released and available to purchase (for practices only):
  • VAT returns can be submitted directly to HMRC.
  • EC Sales Lists can be produced and submitted directly to HMRC.
  • Other VAT forms can be completed and printed ready to send to HMRC.
  • A 28-day trial of the VAT Filer can be requested via www.taxcalc.com .
• The HS304 PDF now correctly states the tax year 2013-14 when attached to an individual's tax return.
  • NOTE: This change will result in a change to the IR Mark on any returns which contain the HS304 PDF.

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Note: The release notes for 2.94.064 have also been updated.

Version 2.94.078 - released on 25th June 2014

• Fixed an online filing issue within the Property pages of the Partnership (SA800) return.
• Reduced the size of PDF attachments for Mac users. This issue affected the Capital Gains attachments in particular and could prevent online filing in some situations.
• Minor update to EULA clarifying point 12.2.6.

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Version 2.94.070 - released on 10th June 2014

TaxCalc 2014

• Fixed an issue with incorrect details being submitted for females with a Married Couples Allowance claim.
• Fixed a Check & Finish error occurring when a business name had an ampersand (&) within it.
• Fixed an issue which prevented deletion of unwanted self employment pages .
• Custom watermarks now appear as expected rather than as 'Draft'. 

Accounts Production

• Fixed the cover page of accounts to correctly pick up the settings when the title is repositioned.
• Fixed an iXBRL issue within Ltd Company Accounts Production. This affected the codes 3352 for Credit Card Charges.

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Version 2.94.067 - released on 3rd June 2014

• Fixed a printing issue within the CT600 module - the period dates were being duplicated. This did not affect online filing.
• Fixed an iXBRL issue within Ltd Company Accounts Production. This affected the codes 3351 and 3352 for Bank Charges and Credit Card Charges.

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Version 2.94.064 - released on 2nd June 2014