TaxCalc Release Notes 2020 - 2024

Below are the Release Notes for previous versions of TaxCalc. Click to see the Release Notes for 2013-2019 > 2025

Please note we phase releases out so you may not see this available straight away.

TaxCalc Product Update - version 16.1.200 - Released on 5 December 2024

Please note: 

• For Customers who have not already updated to Version 16, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• Please check our System Requirements before installing this version of TaxCalc.

Product summary

• Tax Return Production

• Practice Manager

• Communication Centre

• Time

• Accounts Production

• AML Centre

• Company Incorporator

• Companies House Advanced Integration

• Administration

Tax Return Production

SA100 Individual Tax Returns

• 2025 Client Questionnaire is now available.

• Updated calculation for WhatIf Planner for capital gains tax rate changes following the Autumn budget.

General Maintenance

• Fix added to Client Questionnaire to ensure that amounts over £1,000,000 are formatted correctly.

• Fixed a display issue on the Self Employment summary when trading income allowance is claimed using the short form.

• Updated Summaries menu to ensure that the Finance Costs Summary is not shown as available for 2023 and previous years.

• Updated validation for UK property to stop it showing in error when other property losses have already been utilised.

• Broken help links for Capital Gains Tax, Other information section have been fixed.

• Updated wording on Filing by Internet screens for all Self Assessment Tax Returns.

• Updated calculation for WhatIf Planner when transferring marriage allowance as the allowance was also shown as being received.

SA800 Partnership Tax Returns

General maintenance

• Fixed an error where the partnership business summary displayed profit allocation and percentage share in the wrong column for partners with only profit, when salaries/adjustments are entered for some partners.

• Updated some links in the Help section.

• Share of profit and other income can now be directly entered through Forms mode.

• Fixed an error where not all partners were shown on the partnership business summary (non-pro version only).

• Fixed an error where the share of untaxed interest was shown in error on the individual partner statements when there were multiple accounting periods.

SA900 Trust Tax Returns

General Maintenance

• Fixed an issue where the total tax due for 31 January 2025 was shown as 0 on the SA302 Tax Summary.

CT600 Corporation Tax Returns

• Updated the import from Accounts Production to account for dividends received.

General maintenance

• Updated the terminology and wizard for net dividends from other companies, to ensure associated company dividends are not included for marginal relief.

• Fixed the alignment of totals on the Research & Development Expenditure wizard, on screen and on print preview.

• A superfluous box has now been removed when the company type 'Company in Liquidation' is selected,.

• Updated the loan balance in the loans to participators wizard, to show the correct balance when a previous loan has been repaid within nine months.

• Updated the calculation for R&D SME loss surrendered for a period straddling 1 April 2023, so that it’s restricted to total enhanced expenditure for the apportioned period.

• Unlocked boxes 326, 327 and 328 for companies paying quarterly instalments.

• Fixed an issue where losses utilised were being removed from older returns that hadn’t been opened recently.

Practice Manager

• Start and end dates can now be applied to Services Rendered on the client record, to allow service provision tracking over the lifetime of a client.

  • Reports, Datamining and email tokens, as well as a client’s AML risk assessment, will show ongoing services only (locked AML reports will continue to show the historical data true to the report's date).

• Work Item Status dashboard widgets updated to include filters for Portfolio Manager, Custom User Role or Office.

General Maintenance

• WorkFlow

  • Task automation for updating the Work Status on Activity Type of Confirmation Statement will now display all options as expected.

  • Jobs linked to Non-TaxCalc work that are using the ‘When job is completed, create next period’ automation now calculate the next work period correctly.

  • Improved date calculations on recurring jobs when a recurrence setting of ‘Weekdays only’ was set.

  • Resolved an issue in recurring VAT jobs that could not create next period due to client missing required VAT information.

• Reports

  • Client report with VAT return columns now showing complete data for partnerships, as well as the rest of client types.

• Resolved an issue that could result in an error when creating or editing client information.

Communication Centre

General Maintenance

• When automated emails are triggered, the correct work period end is now always displayed within Message Activity/Pending (tab).

Time

General Maintenance

• Negative WIP is now displayed correctly in all situations if imported/set in the client record.

• The WIP overview page no longer errors when billing multiple time logs consecutively.

Accounts Production

• Accounting periods will be locked automatically following successful submission to Companies House, to prevent accidental changes to accounts post submission. This is a setting which can be changed in Admin centre.

• 'FRC’s Ethical Standard – Provisions for small entities': the ‘Include this note?’ option with Edit Notes has been enabled to allow for the note to be easily included or excluded, in addition to the existing tick within the Audit Report – Basis of Opinion.

• The ‘Statement of Compliance’, 'Auditor’s Opinion’ notes and ‘Basis of Preparation’ policy have been updated to refer to the new SORP 2024 for periods on or after 1 July 2024 – they will use a new 'SORP_reference’ token which will automatically refer to the correct SORP.

• Statement of Cash Flow – new Check & Finish messages have been added to alert the user to inconsistencies which can result in the Statement of Cash Flow not balancing, such as:

  • When an amortisation charge in the Profit and Loss Account doesn’t match the amortisation in the Balance Sheet.

  • When a depreciation charge in the Profit and Loss Account doesn’t match the depreciation in the Balance Sheet.
     

General Maintenance

• The member’s report will now include the LLP registration number in the report header.

• The Audit Information Note for limited companies and LLPs has been updated:

  • The default text has been updated to refer to accounts in the first sentence and added a full stop at the end of the second sentence.

  • To allow for customisation of default wording.

• Resolved an issue where the default account descriptions in Admin Centre for account codes 4249-1 to 4249-4 incorrectly referred to subsidiaries rather than associates.

• Locking of an accounting period will no longer revert the abridgement option back to ‘Not abridgement’.

• Resolved an issue where the updated report terms weren’t reflected in the share capital note for account codes 7005, 7006, 7025 and 7026 for subsequent account periods.

• The accounting policy for Going Concern Disclosures and Government Grants or Assistance have been updated to remove the extra bracket from the default text.

• Resolved an issue where generating a Support Schedules report from within the Lead Schedule caused the application to crash.

• Accruals and deferred income will now be displayed within ‘Current liabilities – creditors less than one year’ (for postings to 5360) and ‘Creditors amounts falling due after more than one year’ (for postings to 5760) for new accounting periods where the accounting standard is set to FRS 105, so as to be consistent with the balance sheet layout of FRS1021A.  Previously, for FRS105, these values were displayed on a separate line item after ‘Total assets less current liabilities’.

• The following online filling errors have been resolved and will no longer restrict the user from filing successfully with HMRC and Companies House:

  • 9999 - DividendsPaidToNon-controllingInterest is not dimensionally valid.

• Group accounts

  • Resolved an issue where the turnover by class of business note incorrectly displayed the company figures within the group edit notes screen, therefore displaying incorrect comparative figures when preparing the group accounts.

  • Text fields within the Business Combinations note will now be returned to its default after the deletion of an acquisition.

  • Customised wording for group notes in Admin Centre will now be displayed correctly for new accounting periods at client level. Previously, the user had to reset notes for the edits to pull through.

AML Centre

• The risk assessment report will no longer default to Limited by Shares as type of entity when the company is a Limited by Guarantee.

• Firm Wide risk Assessment has been updated to omit the comma and ‘dup’ from the report title when creating a duplicate copy of the risk assessment.

Company Incorporator

• Resolved an issue where the first company secretary was not displayed on the printed version of form IN01.

Companies House Advanced Integration

• Companies House Advanced Integration has been updated to create new LLP clients and synchronize LLP information.

Administration

• Resolved an issue where in some situations a backup taken from the remote machine (i.e., not the database host machine) could not be restored within the application and required Support assistance.

TaxCalc Product Update - version 16.0.110 - Released on 23 October 2024

Please note: 

• For Customers who have not already updated to Version 16, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• To install this version of TaxCalc on Microsoft Windows machines it must be on Windows 8.1 or above. See our full list of System Requirements for more information on all supported operating systems with TaxCalc.

Product summary

• Tax Return Production

• Admin Centre

• Practice Manager

• Communications Centre

• Time

• VAT Filer

• HMRC Forms

• Accounts Production

• AML Centre

• Companies House Forms

• Company Incorporator

• Companies House Advanced Integration

• Technical

Tax Return Production

• General Maintenance

  • ‘Filed to HMRC’ time/date stamp on Tax Work Status screen is now only shown when the tax return has been successfully filed online or marked as filed by paper.

  • Updated the delete functionality in certain scenarios for tax returns to ensure successful deletion when actioned.

• SA100 Individual Tax Return

  • NEW Finance Costs Summary shows the detailed calculation for restricted finance costs.

  • NEW Calculation of Transition Profits Tax Summary.

  • Summaries update:

    • The Self Employment summary has been updated to ensure that basis period adjustments and rows relating to transition profits are displayed when appropriate.

    • Fixed a calculation issue on Foreign Tax Credit Relief summary where income includes life insurance gains.

    • Updated Student and Postgraduate Loan Repayment Summary to include a row for transition profits.

    • Updated SA110 Tax Calculation Summary notes following an update by HMRC.

  • Improved wording on Check & Finish information messages relating to brought forward amounts, where there is more than one set of self-employed pages for the same business.

  • Provided an information dialog when there are overlap profits or losses brought forward and more than one set of self employment pages for the same business.

  • Updated the logic for individual partner pages to ensure that the basis period start date is not overwritten when the basis wizard calculator is used.

  • Updated lifetime pension allowance pages following the abolition of the pension tax charge.

  • Provided an information message when pension contributions have been made by third parties and entered in the annual pension allowance wizard.

  • Capital Gains Tax pages:

    • Updated the disposal date validation to accommodate when the date of disposal is not in the current year, due to exceptions like EIS disposals.

    • Stopped additional allowable expenditure rows from being displayed twice on CGT final summary.

    • Updated criteria for when capital gains tax pages should be included as part of the tax return.

    • Update wording to clarify the usage of the Seed Enterprise Investment Scheme box on the relief section of capital gains.

    • Update the disposal summary to show SEIS exemption correctly.

  • Updated the list of approved professional organisations for tax relief on subscriptions.

• SA800 Partnership Tax Return

  • Further improvements to the Partner Details page, including:

    • Improved performance when dealing with a partnership with a large number of partners.

    • ‘Select All' option to enable all partners to be selected at once.

    • Multi-select option using keyboard functionality.

    • Ability to sort by different columns.

    • Column headers frozen when scrolling down the page.

  • Improvements to the Partnership Statement pages, including:

    • Improved and update layout.

    • Ability to enter pre-profit/loss share adjustments.

    • Ability to search.

    • Percentages for partners' profit allocation now brings forward from the previous year.

  • Updated limits in validations relating to annual investment allowances.

  • Ensured that expenses are retained when an import from accounts production is re-done.

  • Added Individual Partnership Statement Summaries to the Summaries menu.

    • Included ability to filter on individual partners.

  • Ensured that data is correctly aligned in the tax return boxes for second and subsequent trade pages.

• SA900 Trust Tax Return

  • Updated the Tax summary so that a repayment requested is not being automatically offset against payments on account.

• CT600 Corporation Tax Return

  • Audio Visual & Video Games Expenditure Credits (AVEC/VGEC):

    • Stopped a Check & Finish message showing when no enhanced creative tax credit claim has been made.

    • Stopped tax adjustments relating to AVEC & VGEC from being auto-populated.

    • Updated XBRL tagging on the computation.

    • Updated help information.

  • Improved wording on creative tax relief Check & Finish validation message #tc599 to make it clearer that the amount claimed for a tax credit must equal the loss surrendered for the credit.

  • Updated the UK Land & Buildings wizard to populate non-trading capital allowances where relevant.

    • Allowed data entry for qualifying expenditure.

    • Allowed data entry for full expensing.

  • Fixed an issue relating to the calculation of special rate pool 50% first year allowance in the capital allowances manual grid.

  • Fixed an issue relating to the calculation of full expensing allowances in the capital allowances manual grid.

  • Updated ordering of ‘R&D payable tax credit pre and post April boxes’ in Forms mode.

  • A licence warning is no longer shown for CT600s when selecting option ‘Use Office gateway credentials’ and no Workflow licence exists.

  • Ensured that an incorrect validation is no longer shown relating to loan to participators and the date of repayment being before ‘today’s date'.

  • Updated the patent box wizard to prevent Non IP Income being ticked as Relevant IP Income.

  • Updated the calculation of L80 on the R&D Supplementary pages following new rules for the PAYE cap, if the RDEC merged scheme is used.

  • Added a new validation message if box L135 on the R&D Supplementary pages exceeds the amount in box L130.

  • Included more validations relating to losses brought forward being utilised.

Admin Centre

• Admin users can now reassign their Hub Admin role to a different user to allow them to hand over their elevated rights. Go to Admin Centre > Users > Edit User (select ‘admin’ user) and select ‘Assign Hub Administrator Role to Another User’.

Practice Manager

• General Maintenance

  • Report Manager and Data Mining

    • The 'Date last saved' column is now working as expected in all situations within the Tax Work Status report.

    • The data mining condition ‘Latest Accounts Status’ is now working as expected for all data mines.

    • When accounting periods are created out of sequence, the Client Report and Data Mine correctly output the latest period values.

  • Dates calculation logic for job recurrence has been improved.

  • Updates made within ‘Edit Profile’ dialog (accessed from Notifications Centre) now save as expected.

  • Creating a new client when advanced client restrictions exist (against the user), will now be immediately reflected on the client list.

Communications Centre

• Email automations (for Request for Records) are no longer set on Contacts when Bulk applied.

  • The automation widget in the Communications Summary will no longer show Contacts within the email automation counts.

Time

• Multiple charge out rates can be recorded on different activity types, for more accurate presentation of time log values. A charge out rate can be recorded as a practice-wide rate, set against an activity (Go to Admin Centre > Applications > Customise Practice Manager > Activity Types) or a user-specific rate for any activity (Go to Admin Centre > Users > Edit User > Working House and Rate).

VAT Filer

• Updated read-only access when licence has expired.

• Corrected a spelling mistake on the declaration screen.

• Updated VAT7 form to show the correct address.

HMRC Forms

• Updated Form 64-8 to the latest version.

• Removed form VAT484 ‘Change of Registered Details’ as this is no longer permitted to be submitted by post.

Accounts Production

• An information dialog will be displayed on accessing Accounts Production or Admin Centre the first time the product is accessed after performing an update, if the Accounts Production data is still being updated.

• Electronic submissions to Companies House which have received an internal failure response will be processed correctly to display the status of the submission, so they can be tracked easily.

• The re-sizing of the Posting and Edit Notes windows will now be retained when returning to these screens.

• Limited companies and LLPs include a new ‘Contingent Assets’ at client and admin level, to allow users to make appropriate disclosures in relation to Contingent Assets.

• A new ‘Qualifying third-party and Pension scheme Indemnity Provision' note has been included within the Director/Member’s report for accounting standards 102 1A and 105.

• Additional Accounting Policy 2 and Accounting Policy 3 have been included within the Admin Centre to allow for admin level defaults to be set.

• Group accounts:

  • Admin Centre has been updated to allow for customisation of the default wording for groups, for the group specific notes and disclosures.

    • Report of the Directors

      • Statement of Director’s Responsibilities

      • Statement of Disclosures of information to Auditors

    • Auditor’s report

      • Unqualified opinion

      • Qualified opinion

      • Basis for Opinion

      • Conclusions relating to Going Concern

      • Matters on which we are required to report by exception

    • Responsibilities of directors

    • Company Profit and Loss

    • Accounting Policies

      • Basis of Consolidation

      • Business Combinations

      • Reduced Disclosure Exemptions

      • Going Concern Disclosures

      • Intangible Fixed Assets and Amortisations – Goodwill

    • Business Combinations

    • Investments – Audit Exempt Guarantee

    • Financial Instruments

    • Capital Commitments

•  General Maintenance

  • A Check & Finish warning has been included where the country of incorporation is not populated when preparing accounts under FRS 105.

  • Changes made to the chart of accounts for multiple trades will be saved and retained independently to each trade.

  • Resolved an issue where inconsistent casing had been applied to a number of row descriptions in the detailed balance sheet for FRS 105 and FRS 102 1A.

  • Resolved an issue where the amounts allocated to a director duplicated and resulted in incorrect balance for other creditors, when the director is the same person as the company secretary when preparing group financial statements.

  • The cost section in the tangible fixed asset note will display the total correctly when the asset has been disposed of and the total for the year is nil.

  • The single rule-off above the ‘shareholders/members' funds’ disclosure will always be displayed in the balance sheet when generating full or registrar financial statements for new accounting periods.

  • The Statement of Cash Flows will be omitted from the registrar financial statements when included voluntarily for FRS 102 1A and FRS 102 small.

  • Note numbers will now display sequenced correctly where the fixed asset amounts net to zero and the fixed asset note is not displayed.

  • An apostrophe has been removed from the Small Companies Regime reference on the balance sheet declaration.

  • A new Check & Finish message will be displayed if the accounting standard is set to FRS 105 for any of the companies included in the consolidation for group accounts.

  • Resolved an issue where the company value for secured creditors did not display without group value when generating consolidated financial statements.

  • The content page will correctly include the reference to Statement of Cash Flows, where the company cash flow is included optionally but not in the group when preparing consolidated full financial statements.

  • Resolved an issue where a Check & Finish message relating to brought forward amounts was incorrectly determining an error, as it did not take posting to account code 3950 into consideration.

  • For accounting standard FRS 102, the Provisions for Liabilities Edit Note screen will now correctly calculate the ‘Balance at [end date]’ value when the user edited one of the data entry fields.

  • The following online filling errors have been resolved and will now allow the user to file successfully with HMRC and Companies House:

    • ChRIS 3315 Accounts Generic dimension member (bus:Director1) has no associated name or description item

    • 9999 – 2 inconsistent duplicate facts are present for ‘OtherTaxationSocialSecurityPayable’

    • 9999 – the matching wildcard is strict, but no declaration can be found for element 'frs-core:DetailsOfSharesHeldInAssociatesGroupingDimension.domain'

AML Centre

• The Firm-wide Risk Assessment has been updated to include an option to record the risk of proliferation financing to the firm.

• Staff training records within Internal Control has been renamed to Staff and Agent Training to allow keeping records of the training undertaken by the firm's agents as well as its staff, as required by The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.

Companies House Forms

• Users are now able to generate and e-file the EM01 (change of registered email address) form to notify Companies House of the company’s change of registered email address.

• An option has been added to re-poll for statutes from Companies House for online filing submissions which have not yet been accepted.

• Resolved an issue where the presenter details on form SH01 and CS01 weren’t populated if shares had been allocated within the period.

Company Incorporator

• Clicking on ‘obtain incorporation documents’ will now correctly open up Certification of Incorporation for LLPs.

• An option has been added to re-poll for statutes from Companies House for online filing submissions which have not yet been accepted.

Companies House Advanced Integration

• Resolved an occasional issue where officers and Person with Specific Control (PSC) relationships were duplicated in the client record after performing a sync from Companies House.

Technical

• This release includes functionality in preparation of moving the TaxCalc PosgresSQL database from v9.4 to v16.0.

TaxCalc Product Update - version 15.0.650 - Released on 7th August 2024

Please note: 

• This version is available on request only via support@taxcalc.com for customers with at least 1 machine on Windows 7.

• For Customers who have not already updated to Version 15, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• Please check our System Requirements before installing this version of TaxCalc.

Product summary

• Tax Return Production

• Accounts Production

Tax Return Production

• The Tax Payment/Repayment Summary for individuals will now correctly show the payment on account due on 31 July 2025.

• Finance costs will now correctly appear on the WhatIf Planner projected 2024/25 calculation.

• The R&D tax credit payable following a loss surrender will now be correctly apportioned according to the account period falling before and after 1 April 2023.

Accounts Production

• Resolved an issue where certain account codes were omitted from the import when importing a trial balance via .csv file.

TaxCalc Product Update - version 15.0.600 - Released on 7th August 2024

Please note: 

• For Customers who have not already updated to Version 15, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• To install this version of TaxCalc on Microsoft Windows machines it must be on Windows 8.1 or above. See our full list of System Requirements for more information on all supported operating systems with TaxCalc.

Product summary

• Tax Return Production

• Accounts Production

Tax Return Production

• The Tax Payment/Repayment Summary for individuals will now correctly show the payment on account due on 31 July 2025.

• Finance costs will now correctly appear on the WhatIf Planner projected 2024/25 calculation.

• The R&D tax credit payable following a loss surrender will now be correctly apportioned according to the account period falling before and after 1 April 2023.

Accounts Production

• Resolved an issue where certain account codes were omitted from the import when importing a trial balance via .csv file.

TaxCalc Product Update - version 15.0.550 - Released on 31 July 2024

Please note: 

• This version is available on request only via support@taxcalc.com for customers with at least 1 machine on Windows 7.

• For Customers who have not already updated to Version 15, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• Please check our System Requirements before installing this version of TaxCalc.

Product summary

• General

General

• Addressed an Issue where Windows 7 users were unable to log into the application due to compatibility issues with the latest Postgres database drivers.

TaxCalc Product Update - version 15.0.500 - Released on 25th July 2024

Please note: 

• For Customers who have not already updated to Version 15, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• To install this version of TaxCalc on Microsoft Windows machines it must be on Windows 8.1 or above. See our full list of System Requirements for more information on all supported operating systems with TaxCalc.

Product summary

• General

• Accounts Production

• AML Centre

• Tax Return Production

• Communications Centre

General

• Corrected an issue preventing access to the application on start up for some Mac users, when externally saved tax return files have been moved or deleted.

Accounts Production

• Strategic and Director’s reports will now correctly include the signature section when the option to include Strategic/Director’s report within the full financial statements is ticked.

• The financial statements will now correctly exclude the Partner’s Capital Accounts note, when the note has been turned off in Edit Notes.

• Rounding adjustments will no longer be made to the dividends amount where there would be a rounding discrepancy in the profit and loss brought forward and carried forward amounts.

AML Centre

• Customisations of the Client Risk Assessment in AML Centre will now be saved correctly.

Tax Return Production

• Corporation Tax computations will now show the correct payment due date for Corporation Tax returns with periods ending 31 December.

Communications Centre

• Corrected an issue in Communications Centre that prevented some Mac users sending emails using Microsoft.

TaxCalc Product Update - version 15.0.400 - Released on 8th July 2024

Please note: 

• For Customers who have not already updated to Version 15, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• To install this version of TaxCalc on Microsoft Windows machines it must be on Windows 8.1 or above. See our full list of System Requirements for more information on all supported operating systems with TaxCalc.

Product summary

• General

• Practice Manager

• Accounts Production

General

• The data mining updater (background process) no longer requires passwords for password protected tax returns and will run silently. Any password protected tax return will not be included within data mining.

• Corrected an application crash on start up, when parsing historic tax returns where referenced accounting periods have since been deleted

Practice Manager

• Prevented data mining from presenting clients with encrypted corporation tax returns.

• Report manager: Fixed shipped Self Assessment status reports that were not showing clients (new installation issue only).

Accounts Production

• Check & Finish will correctly display the errors related to financial statements when clicking on the Check & Finish button in the full or registrar financial statements.

TaxCalc Product Update - version 15.0.310 - Released on 27th June 2024

Please note: 

• For Customers who have not already updated to Version 15, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• Due to changes within this release to support data mining and reporting, customers with large databases may experience a slight delay in being able to use the new data items immediately after upgrade.

• To install this version of TaxCalc on Microsoft Windows machines it must be on Windows 8.1 or above. See our full list of System Requirements for more information on all supported operating systems with TaxCalc.

Product summary

• Tax Return Production

• Accounts Production

• Practice Manager

• Practice Manager Plus/WorkFlow

• Companies House Forms

• Company Incorporator

• AML Centre

• Communications Centre

• eSign Centre

• VAT Filer

Tax Return Production

SA100 Individual Tax Return

• WhatIf Planner is now available for 2024/25 tax year:

  • Updated the data entry box relating to ‘redundancy’, to clarify only taxable amounts should be entered.

  • Now includes data entry for transition profits.

  • Fixed an issue in the calculation of Student loan repayments where net pension contributions have been made.

  • Updated calculations to include potential restrictions for finance costs.

• The dividend database for 2023/24 is now available.

• Updated the wording in the CGT section to advise that losses brought forward from the previous year will trigger a tick on the CGT page screen (CGT pages will not be included in these circumstances).

• Fixed an issue relating to balancing allowances being incorrectly calculated for self-employed businesses when the business hasn’t ceased trading.

• Updated functionality so that furnished holiday let losses brought forward are automatically offset against profits arising.

• Added the ability to delete entries on the HS302 and HS304 wizards.

• Added Check & Finish validation messages relating to the receipt and transfer of marriage allowance.

• Provided up-to-date information regarding boxes 34, 35 and 36 on the foreign pages (no longer required to be completed).

• Updated joint import functionality to ensure that only 50% of a dividend value is imported from the original tax return, where relevant.

• Ensured that box 21 (Tax deducted at source) is available for use when the only rental income relates to furnished holiday lettings.

• Created a new validation to check whether an adjustment in box 51 is required when clogged losses have been utilised against profits.

• Locked the electric mileage range box in company car wizard when Co2 emissions are above 50.

• Updated Double Taxation Agreement data to include Kosovo.

• Minor text change relating to unpaid director and office holders.

• Updated SA110 notes following an update from HMRC.

• Updated calculation of UK relevant earnings for pension contributions to include some employment lump sums.

• Updated the calculation for Class 2 National Insurance to take into consideration transition profits.

• Updated HS300 calculation for box 15a for transition profits following updates from HMRC.

• Provided information messaging relating to the increase in the VAT registration threshold.

• Fixed an incorrect Check & Finish warning message being shown when short self employment pages in forms mode were used.

• Updated auto-population logic for FSE67 (basis period end date) to ensure it isn’t populated when accounting period is standard.

• Provided more information to assist partners in a partnership with multiple account periods.

• Fixed an issue where the Class 4 NIC exempt box wasn’t always being ticked when appropriate.

Individual Summaries

• Tax Payment/Repayment Summary:

  • Updated summary so that payments due on 31 July and not paid, are shown as ‘outstanding’ when 31 July has passed.

  • Fixed a display issue relating to amounts to be coded out when only partial payments have been made on account.

  • Fixed a formatting issue when only the payment due on 31 January hasn’t been paid.

• Memorandum Report now includes CGT losses carried forward and a transition profits summary.

• Employment ‘Total’ Summary has been improved so that it now shows the details of each employment and how the total has been calculated.

• Partnership Summary had an issue resolved relating to the calculation of total tax deducted.

• The Data Entered Summary had a wording issue relating to capital gains tax, box 35.

Form R40

• Updated the Married Couples Allowance section so that the full name is entered on the form.

• Updated the wording for box 10.5.

CT600 Corporation Tax Return

• Corporation Tax Taxonomy Update for 2024.

• New data entry for Audio-Visual and Video Games Expenditure Credits (AVEC / VGEC).

• New data entry for Enhanced Research and Development Intensive Scheme (ERIS).

• Added data entry for a tax profit adjustment for RDEC, AVEC and VGEC.

• Updated functionality and validation messages when RDEC pages are removed to reduce possibility of filing errors.

• Updated calculation for enhanced expenditure in box 660 when a loss to surrender is claimed for pre and post April 2023 rates.

• Updated rounding in calculation for RDEC notional tax box L55 to ensure successful filing.

• Updated population and calculation of RDEC Step 2 calculation to ensure it’s only completed when relevant.

• Updated Check & Finish message relating to boxes 655 and 657 (large company claiming RDEC and additional information).

• Updated payment due date on corporation tax computation for February period ends.

• Removed Check & Finish message relating to theatre tax rates as this has been superseded by more appropriate messaging.

• Fixed a rounding issue which could sometimes occur when the corporation tax period spans two financial years where marginal relief is relevant.

• Updated help link for box 625.

• Updated form CT600 Version 3 (2024) following a minor text change made by HMRC.

• Fixed marginal relief calculations on tax computation and in the wizard summary, where they were not displaying after locking and closing the return.

• Fixed an issue with marginal relief not updating when the number of associated companies is changed in box 326, if boxes 327 and 328 were previously populated.

• Updated Check & Finish messages relating to freeport and investment zones following extension of relief.

• Updated Check & Finish messaging to check for Check & Finish in Accounts Production when group accounts have been attached to the corporation tax return.

SA800 Partnership Tax Return

• Improved the partnership details screen:

  • Ability to create partnership pages for all partners at once.

  • Ability to search.

  • Ability to filter.

• Fixed an issue relating to balancing allowances being incorrectly calculated for partnership businesses when business hasn’t ceased trading.

• Fixed an issue where an entry in box 1.27 (non-residential costs) was also populating box 1.40 (residential costs).

• Updated the footer on form SA801.

General Maintenance

• Fixed a number of navigation issues when switching between Forms and SimpleStep modes.

Accounts Production

• Limited companies and LLPs include a new checkbox at admin level to allow for the customisation of the default settings for the debtors and creditors note relating to whether or not to display the breakdown of debtors and creditors.

• Limited companies and LLPs have been updated to apply the FRS 2024 taxonomy.

• Companies House have updated the format of the presenter ID, so we have updated the entry of the presenter ID to allow for alphanumeric values rather than just digits.

General Maintenance

• Resolved an issue where in some scenarios, synchronizing Companies House data to update local data via the Companies House sync wizard resulted in officers being duplicated multiple times.

• An option has been added to re-poll for statutes from Companies House for online filing submissions which have not yet been accepted.

• Statement of Cash Flows will be omitted from registrar financial statements for companies and LLPs applying FRS102 1A with full disclosures.

• The Check & Finish message relating to the Balance Sheet not balancing when the user has selected Income and Expenditure account for sole trader/partnership has been removed, as the messaging is not relevant.

• The Intangible asset note will display net book value rows if the value at the end of the year is nil, where previously the note omitted the net book value section.

• The Intangible asset note will be included in the financial statements and populated to display dashes, where previously in specific scenarios the note was omitted if the asset had been fully disposed during the year.

• Full financial statements for FRS 102 1A will no longer omit the Strategic report, where previously it was omitted if the MLA102 licence had expired.

• Statement of cash flows is no longer included within the registrar financial statements for accounts prepared under FRS 102 1A with full disclosures.

Group Accounts

• Lead schedules have been added for groups when in group mode. The group version of the lead schedules will include amounts for both the company and group.

• Jobs with the automation items 'the work item is sent for signing' or ‘the work item is signed’ will be triggered when group Full and/or Registrar Financial Statements or the individual parent company Full and/or Registrar Financial Statements are attached to an eSign envelope and the envelope has been successfully sent for signing or signed.

Group Accounts General Maintenance

• Adding a trial for group accounts will now allow the Accounts Production users to continue using the full licence.

• Resolved an issue where the group trial balance did not pick up data from indirect subsidiaries that were included in the consolidation (a subsidiary that is directly owned by another subsidiary of the parent rather than being directly owned by the parent).

• The Company profit and loss note in the group mode will now display the company’s profit/loss for current and comparative year, where previously the “[FRS102_Profit_For_Period][ComparativeYear_ProfitForPeriod_Info]” token displayed consolidated profit/loss.

• Group financial statements will no longer display blank columns/line items when there are no values to display, where previously they were displayed with a nil value after being eliminated on consolidation.

• Group posting will now be enabled for previous accounting period, where previously in specific scenarios, group posting was locked out if the option to prepare group accounts was selected before unlocking the accounting period.

• The following online filling errors have been resolved and will no longer stop filing to HMRC:

  • 9999 - the value of attribute width on element ‘col’ is not valid with respect to its type ‘MultiLength’

  • 9999 - cvc:datatype:1,2,3 is not a valid value of union type ‘MultiLength’

Practice Manager

• Data Mining:

  • Data mining has been enhanced to include Annual Accounts calculations, allowing for filtering based on both ‘Latest’ and ‘All’ periods.

  • Additional CT calculations have been added to data mining, allowing for filtering based on both ‘Latest’ and ‘All’ periods.

  • Filter values have been updated for UYE and Date conditions, to allow mining on values that are: Empty, Not empty and Not equal to.

• Report Manager:

  • Client reports include options for Annual Accounts and tax calculations columns. In addition a period filter has been provided to allow results to be targeted at specific periods.

  • Work Status Reports include improvements to the period filter to allow results to be targeted at specific periods.

• Other:

  • Multi-office functionality is now available to all users. Options include setting an office against a client record and using office-specific credentials for submissions.

  • Multi-dashboard functionality is now available to all users. Options include creating multiple dashboards and setting a dashboard as private or public.

  • The Client Summary page has been updated to show current relationships only (no longer includes historical/ceased relationships).

  • The VAT threshold has been increased to 90k in 'Client Above VAT Threshold' dashboard widget and reports.

General Maintenance

• Password protection has been added to the ‘Open work’ option from ‘Jobs/tasks assigned to me’ widgets.

• Work Manager & Active Work: Activity type filter now includes only jobs/tasks related activities.

• Create services report for specific service now generated correctly in all situations.

• MTD VAT jobs and tasks will create next period automatically on recurrence, regardless of "Enrolled for MTD" selection on Client Record.

Practice Manager Plus/WorkFlow

• Practice Manager Plus has been rebranded to be named WorkFlow across the system.

• Admin Centre > Customise WorkFlow has been streamlined to include WorkFlow related settings only. Note: You can still access all Practice Manager settings from "Customise Practice Manager" page as before.

Companies House Forms

• The following Companies House forms have been updated as a result of increases to Companies House fees, taking affect from 1 May 2024. In addition to the fees increase, the new forms contain updated guidance and the signature section being replaced with authorisation.
  NM01 - Change a company name
  NM02 - Give notice of a conditional change of name
  NM03 - Notice confirming satisfaction of the conditional resolution for change of name
  NM04 - Notice of change of name by means provided for in the articles
  CS01 - Confirmation Statement

Company Incorporator

• IN01 (application to register a company) and LLIN01 (application for the incorporation of a Limited Liability Partnership (LLP) forms have been updated as a result of increases to Companies House fees, taking affect from 1 May 2024.

General Maintenance

• The Director’s service address section has been updated to state ‘Same as registered office’ when the service address has been marked as ‘same as registered office address’.

• Resolved a formatting issues so the month and year of birth is printed correctly when printing the incorporation form.

AML Centre

• A new option has been added to bring forward details from the previous Identification and Risk Assessment when creating a new stage for Identification or Risk Assessment for users to review and update as required, rather than creating the stage from scratch.

• The risk assessment report has been updated to include answers to the questions in the risk profile section of the risk assessment.

• An option to comment on reasons for revising the risk on an overall risk assessment has been included for audit trail purposes.

• Client due diligence: The risk rating for the transaction question 4 ' ‘If yes, are those transactions consistent with your knowledge of the clients, the client’s business and risk profile?’ has now been updated in accordance with the risk rating guidance, where previously it would result in a lower risk rating when answered as “Yes”.

Communications Centre

• It is now possible to bulk cancel messages in the pending queue within Message Activity.

General Maintenance

• Mail merge tokens for CT figure and date payable no longer show 'Not available' when a 64-8 form has been requested.

eSign Centre

General Maintenance

• When changing the Company Name within Admin Centre > Customise eSign Centre > Envelope Credentials, subsequent envelopes sent will reflect the change in all situations.

• It is now possible to add ad-hoc contact relationships as a recipient via 'Add/Manage Relationships'.

• HMRC Form 64-8 (version 03/22) is available within Manage Documents > Add TaxCalc Documents.

VAT Filer

• A Check & Finish validation is now displayed if a negative amount for input or output VAT is entered to avoid filing by mistake.

• The ability to print the Payment and Liabilities in VAT account has now been included.

TaxCalc Product Update - version 14.6.300 - Released on 1st May 2024

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Accounts Production

• Company Incorporator

• Practice Manager

• Communications Centre

• Tax Return Production

Accounts Production

Accounts Production – Group Accounts add-on

The Group Accounts add-on allows you to prepare group accounts for limited companies in accordance with FRS 102 or FRS 102 1A.

The following functionality will be available for group accounts:

• Seamless switching between the company and group.

• Group structure management to set up the group structure, select the subsidiaries to be consolidated and see any warnings for any of the group members.

• Group trial balance, including the group adjustments, parent and subsidiary values.

• Group reports containing all the required group and company disclosures, with the following additional group specific disclosures:

  • Company Profit & Loss Account note on the balance sheet.

  • Accounting policies – Basis of Consolidation and Business Combinations.

  • Business Combinations note.

  • Non-controlling interests note.

• Additional accounts have been added in the chart of accounts:

  • Profit and Loss – Profit/loss attributable to non-controlling interest (account 3950).

  • Capital and reserves – Acquisition and disposal of shares in subsidiary from/to non-controlling interest (accounts 8070/8071).

  • Non-controlling interest – (accounts 8100/8181).

• Advanced drill down across the nominal ledger and financial statements to drill down from the figures to the originating entry from whichever group entry the postings originate from.

General Maintenance

• Resolved an issue where, when the accounts were abridged in the previous year/period, the gross profit comparative figure displayed in the current year/period incorrectly and included other operating income.

• User-entered text in the provision for liabilities note will now be saved correctly.

• Resolved a issue where in a specific scenario the officers couldn’t be refreshed after re-appointment.

• The director signing/approving the financial statements drop down list in Edit Notes will now display all the applicable directors, where previously in specific scenarios they were not all being displayed.

• The directors signing the financial statements selection will now save correctly in Edit Notes, where previously this was not being saved in specific scenarios.

• The trial balance will now show the correct totals and profit and loss value on the multiple year trial balance report, where previously the names of people option was set differently across the years selected to be displayed on the report.

• The current asset investment note has been updated to display a double underline when there is only one line item to display.

• The ‘Next step’ button in Edit notes has been relocated to the right of the existing ‘Previous step’ button.

• The following online filling errors have been resolved and will no longer stop the filing to HMRC:
  9999 - fatal:cvc-complex-type: the content of element 'ui' is not complete. One of '{ http://www.w3.org/1999/xhtml''}' is expected.
  9999 - fatal:cvc-complex-type: the content of element 'ui' is not complete, when secured creditors note is included without data entries.

 Company Incorporator

• Section A4 of the IN01 (application to register a company) has been updated to display the appropriate company type on the printed copy of the form.

Practice Manager

• When setting the Work Status for 2024 Tax Returns, the default will appear for all clients.

Communications Centre

• Added an option within the Microsoft Email authorisation journey to use the default browser instead of the TaxCalc browser. In some cases, users were unable to complete the authorisation within the TaxCalc browser itself.

• Fixed an issue relating to mailbox signatures that include images. When using the Microsoft Email mailbox type, images within the signature itself were not appearing in the sent emails.

Tax Return Production

SA100 Individual Tax Returns

• Enhanced the user journey for self-employed businesses that have multiple account periods falling in the 2023/24 tax year.

  • Further enhanced the messaging and validations for Individual Tax Returns for self employment and partnership income, where basis period transition rules apply.

• Fixed an issue relating to the calculation of tax for a non-resident individual with transition profits from self employment or partnership Income.

• Updated the SA302 for Individual Tax Returns to show the correct amount for ‘income tax charge’ on gift aid payments (overall calculation was correct).

• Updated the 2024 HS325 Lump Sums Worksheet.

• Updated the wording on dividend screens to remove reference to previous share splits.

• Fixed a rare issue where newly created clients were not shown in the joint import client picker in Individual Tax Returns.

SA800 Partnership Tax Returns

• Included HMRC Specials & Exclusions for 2024 (update to messaging).

• Updated the Partnership Business Summary to display Structure and Buildings Allowance claims as deductible amounts (now shown in brackets).

SA900 Trust Tax Returns

• Included HMRC Specials & Exclusions for 2023/24 Tax Year for Trust Tax Returns.

• Updated the automated value for capital gains tax annual exemption for 2023/24 Trust Tax Returns.

• Updated the trade and partnership calculations for 2023/24 Trust Tax Returns where transition losses have arisen.

CT600 Corporation Tax Returns

• Ensured that the correct rate of tax is being applied to Corporation Tax Returns for company type '9' – Real Estate Investment Trust C.

• Updated the logic for boxes 326, 327 and 328, to ensure that these boxes can be completed when necessary and validations are only shown where relevant.

• Updated the capital allowance calculations for super deduction disposals, to ensure the full super deduction claims that were proportionately reduced are correctly identified.

• Users may now choose whether to attach group or company accounts to a CT600.

TaxCalc Product Update - version 14.5.601 - Released on 27th March 2024

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Communications Centre

• Companies House Forms

• Accounts Production

Communications Centre

• ACTION REQUIRED on the changes below, if you use Microsoft email accounts. Read our Knowledge Base Article for more information.

• Added a new means of authorising and sending emails from Communications Centre for any Microsoft email accounts (Office 365, Outlook, Hotmail, Live and more).

  • Please note: This will replace use of the existing ‘Office 365’ and ‘Outlook’ email provider types and has been implemented as a result of Microsoft’s planned removal (from 31st March 2024) of support for the mechanisms TaxCalc uses for these mailbox types.

  • Users will be able to change the email provider type to the new Microsoft Email option instead and authorise it to use any Microsoft mailboxes, should they need to.

Companies House Forms
Confirmation Statement

• Check & Finish will no longer display Invalid Authentication Code warning when creating a Confirmation Statement dated on or after 5 March.

• Paper copy of the CS01 form will now populate section B1 (share capital) and D1 (Shareholder information for a non-traded company) where the changes have been indicated to be included in the form.

• The following filling errors have been resolved for statements dated prior to 5 March 2024 and will no longer stop the user filing successfully with Companies House:

  ·        9999:Invalid Element accept Lawful Purpose Statement

Accounts Production
General maintenance

• Importing a trial balance from bookkeeping packages will retain the mapping on a subsequent import.

TaxCalc Product Update - version 14.5.501 - Released on 21st March 2024

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Accounts Production
• Companies House Forms
• Tax Return Production
• Practice Management
• Practice Manager Plus
• Time
• eSign Centre

Accounts Production

General Maintenance

• Notes to the financial statements has been updated to display without a subtotal when there is only one item to display.

• The goodwill accounting policy for limited by guarantee companies has been updated to include the token for the profit and loss account/income statement, so the reference will be correct when applying Companies Act or FRS headers.

• Statement of cash flows: Cash and cash equivalents at beginning of the year/period have been assigned an iXBRL tag.

• Limited companies and LLPs with accounting periods starting on or after 1 April 2015 and ending before 31 March 2022 have been updated to apply FRC 2023 taxonomy, so these periods can be submitted electronically. This includes the submission of revised accounts.

• In the statement of director’s responsibilities for FRS 102 1a accounts, the electronic publication note has been included in Admin Centre and can be edited without a FRS 102 MLA licence.

• Auditor’s remuneration note: The non-audit services section heading has been replaced with ‘Other Services’ for any new accounting periods created.

• The default status of the debtors and creditors notes have been updated to avoid over-disclosure for limited companies and LLPs applying FRS 102 1A for any new periods created.

• The following online filling errors have been resolved and will no longer stop the user filing successfully with HMRC:

  • Chris:3314 Inconsistent duplicate fact values for ‘UnwindingDiscountOnPovisionsExpense’

  • Chris:3314 Inconsistent duplicate fact values for ‘InterestExpenseOnPrefrenceSharesClassifiedAsDebt’

  • CVC-complex-type.2.4.a: Invalid content was found starting with element '{"http://xbrl.frc.org.uk/cd/2019-01-01/business":NameProductionSoftware}'. One of '{"http://www.xbrl.org/2003/instance":item, "http://www.xbrl.org/2003/instance":tuple, "http://www.xbrl.org/2003/instance":context, "http://www.xbrl.org/2003/instance":unit, "http://www.xbrl.org/2003/linkbase":footnoteLink}' is expected.

LLPs

• LLPs, members report: The qualifying third party and pension scheme indemnity provision note will now be included in the financial statements when the note is selected to be included.

• The exceptional items note will no longer be brought forward into the next accounting period when bringing forward account settings and notes.

• The provision for liabilities note will now be displayed correctly under the additional notes filter for LLPs applying full FRS102 options.

• Default notes within the Admin Centre now include the following notes to match with the Edit Notes order at client level:

  • Additional notes to the report of the members

  • Controlling parties

  • Ultimate parent company

  • Ultimate controlling party
     

Companies House Forms

General Maintenance

• Resolved an issue where ceased shareholder(s) were displayed when generating a subsequent Confirmation Statement since the cessation date.

Tax Return Production

• SA100 & R40 – Individual Tax Return

  • Incorporation of the 2023/24 R40, SA100 Tax Returns and associated supplementary, including updates to calculations, summaries, wizards, HMRC helpsheets and worksheets.

  • Updated SimpleStep^(R) for the 2024 tax year.

  • Updated the Basis Period Calculator following changes to the legislation regarding basis period reform.

  • Added a new Transition Profits wizard to assist with the new rules regarding basis period reform.

  • Improvements made to the functionality and layout of the company car wizard.

  • Updated the validation relating to Subscriptions for shares under the Seed Enterprise Investment Scheme to recognise that the limit is £200,000.

  • Updated the Asset Details screen for Capital Assets to ensure that the boxes relating to Real Time Transaction Tax paid and Tax Paid on a UK Property Disposal are always visible.

  • Updated the Annual Pension Allowance wizard following changes to the annual limits.

  • Included a new information message regarding the removal of the lifetime allowance charge for 2023/24.

  • Updated the self-employment short pages of the SA100 Tax Return to allow for disallowable expenses entries.

  • Updated the self-employment full and short pages of the SA100 Tax Return to allow for private use percentage to be entered.

  • Minor formatting changes made to the SA302 Tax Summary.

  • Minor formatting changes made to the Data Entered Summary, Partnership Summary, TaxCalc Summary and Self-Employment Summary.

• SA800 – Partnership Tax Return

  • Incorporation of the 2023/24 SA800 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

  • Updated SimpleStep^(R) for the 2024 tax year.

• SA900 – Trust Tax Return

  • Incorporation of the 2023/24 SA900 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

• CT600 – Corporation Tax Return

  • Incorporation of the updated CT600, Version 3 (2024) form.

  • Updated SimpleStep for inclusion of the new boxes on the CT600.

  • Updated R&D SME relief section to account for R&D intensive companies.

  • Updated the Corporation Tax computation where an R&D SME relief rate of 14.5% is being claimed.

  • Updated creative tax credit rates for orchestra, theatre and museum and galleries relief in line with legislation changes.

  • Included a new information message for creative tax credit claims following guidance from HMRC that an additional information requirement applies from 1 April 2024.

  • Updated the notional tax calculation for RDEC claims to take into account the change in Corporation Tax rate of 25% from 1 April 2023.

  • Updated the locking/unlocking mechanism for associated company boxes (boxes 326, 327 and 328) where the account period ends on or after 1 April 2024.

• Capital Allowances

  • Updated capital allowances to cater for Investment Zone claims for Corporation Tax and Self Assessment Tax Returns.

  • Updated mapping for full expensing claims and qualifying expenditure on super deduction/special rate first year allowances, in line with new form CT600 and guidance.

  • Updated calculations for super deduction balancing charges where a full super deduction claim is not equal to 130% (relevant for account periods straddling 31 March 2023).

  • Updated the validations relating to electric vehicle charge points following the extension of the allowance to 31 March 2025.

  • General update to the layout and formatting of the capital allowances section of the Corporation Tax Computation.

  • Fixed an issue in the Capital Allowances Manual Grid relating to special rate pool and Freeport enhanced capital allowances.

  • Updated the date on the validation message for SA100 and SA800 Tax Returns relating to the Structures and Buildings Allowance.

Practice Management

For a limited company (limited by guarantee and limited by shares), additional relationship types have been added in the 'relationships tab' to allow for the following relationships to be added:

• Is a subsidiary of

• Is an associate of

• Is a joint venture of

An additional 'Group Structure' sub-item has been created for the 'Relationships' tab to view the 'Group Structure', which allows the user to see the group structure and the location of the selected company in the group structure. An option has been created to filter the view to:

• Show all relationships

• Show current relationships only

Practice Manager Plus

• Create work periods and set work statuses for tasks managed outside of TaxCalc, such as payroll.

  • Track your non-TaxCalc work items' statuses through jobs or via dashboard widgets, reports and data mine filters.

• It is now possible to bulk create jobs for all activity types and services, including custom.

• Client List

  • The most recent Tax SA statuses will now appear within the right-hand panel when a client is selected.

  • You can now add columns to the Client List for Non-TaxCalc work item status and latest period, to provide a quick view of all work.

General Maintenance

• Within Report Manager, when adding custom fields as reporting columns, there is no longer duplication.

• Within Data Mining when adding custom fields as data conditions, there is no longer duplication.

• Completing jobs with the recurrence override will now reset task statuses to Planned.

Time

General Maintenance

• You can now add Time Logs for contacts within the Time Module.

• You can now filter on work types (Jobs & Tasks) within the WIP overview table.

eSign Centre

• You can now upload multiple PDF documents to an envelope at the same time.

TaxCalc Product Update - version 14.4.601 - Released on 5th March 2024

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Tax Return Production
• Practice Manager
• Company Incorporator
• Companies House Forms

Tax Return Production

• Improved database connectivity and database error handling for standalone databases.

Practice Manager

• You may now create a new email address, or mark an existing one, as a registered email address for limited companies and limited liability partnerships via the Contact Information page.

Company Incorporator

• Economic Crime and Corporate Transparency (ECCT) Act

  • Updated the IN01 (Application to register a company) and LL IN01 (Application to register a Limited Liability Partnership) forms in line with changes that have arisen as a result of the ECCT Act, for incorporations on or after 4 March 2024. This includes:

    • New options to enter and submit the registered email address.

    • New lawful purpose statement (for the IN01 form only) on the form and submissions.

    • On successful incorporation, the registered email address will be created in Practice Manager.

    • For any incorporations created within TaxCalc, but not submitted before 4 March 2024, a prompt will be displayed to update to the new form as the old versions of IN01/LLIN01 will be rejected by Companies House from 4 March 2024.

Companies House Forms

• Economic Crime and Corporate Transparency (ECCT) Act

  • Updated the CS01 (Confirmation Statement) and AD01 (Change of registered office address) forms for changes that have arisen as a result of the ECCT Act in the following ways:

    • AD01 (Change of registered office address) now contains a new section 3, to confirm that the address is an appropriate registered office address.

    • The first CS01 (Confirmation Statement) prepared after 4 March 2024 will require a registered email address. New options have been added to enter and submit the registered email address. A Check & Finish will warn where the registered email address is expected but not populated on the form. An additional statement will be included to confirm that the intended future activities of the company are lawful.

    • For any AD01/CS01 forms created within TaxCalc but not submitted before the 4 March 2024, a prompt will be displayed to adopt the new form, as the old versions of the AD01/CS01 will be rejected by Companies House from 5 March 2024.

TaxCalc Product Update - version 14.3.260 - Released on 7th December 2023

Please note:

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

• For Customers who have experienced issues with authorising HMRC tokens for Self-Assessment Pre-Population and fetching VAT periods, we would recommend deleting any existing tokens and re-authorising once this release has been installed.

Product summary

• Tax Return Production

• VAT Filer

• Batch Filer

• Accounts Production

• Time

• Practice Manager

• Communications Centre

• eSign Centre

• Companies House Sync Wizard

Tax Return Production

• Provided access to the Client Questionnaire for the year ending 5 April 2024.

  • Updated the Client Questionnaire to ensure that land and property foreign income is correctly displayed where relevant.

• Included a new validation for SA100 Individual Tax Returns to support HMRC’s special case (51) relating to employment with payrolled benefits and student/postgraduate loan calculations.

• Updated footers for all Tax Return forms to show that they are substitute forms, issued by TaxCalc.

• Removed a validation for CT600 Corporation Tax Returns relating to non-trading losses on intangible fixed assets which is no longer relevant.

• Fixed a filing issue relating to CT600 Corporation Tax Returns for property companies with disallowable charitable donations.

• Fixed an issue relating to the authorisation of HMRC tokens for Self Assessment Pre-Population and fetching of VAT periods. If you have experienced issues in this regard, re-authorisation may be required once more following installation of this release.

VAT Filer

• Updated VAT1 form to reflect the latest version supplied by HMRC.

Batch Filer

• Fixed an issue where a dialog relating to ‘no PM Plus licence’ was being displayed in error.

  • Submitting Tax CT and Tax SA Returns in bulk using Batch Filer will trigger all set task automations within Jobs.
     

Accounts Production

• Other updates within Accounts Production

  • The Xero and FreeAgent (Practice and Non-Practice) import process has been updated. Connecting to Xero and FreeAgent (Practice and Non-Practice) will now use the machine’s default internet browser to authenticate with Xero and FreeAgent credentials.

  • The Check & Finish screen within all TaxCalc modules will group the validations by severity of the error and thus assisting in identifying priorities.

  • Report terms in Admin Centre will be automatically applied to new accounting periods created for existing clients.

  • The staff cost notes table has been updated to include cost attributable to members with contracts of employment, to comply with Part 5, paragraph 11 of UKSI 2008/1911 (The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008).

  • Capital and Reserves fields within the subsidiaries note have been updated to allow entry of both positive and negative values.

  • A Check & Finish has been added if postings have been made to employer’s pension but the Pension Commitment note has not been included for companies applying FRS 102 (small).

  • A Check & Finish has been added if postings have been made to staff cost but the note has not been included for LLP accounts prepared under FRS 102 1A.
    LLPs

    • Reconciliation of Members' Interests heading has been removed from the main body of the Reconciliation of Members Interests page to prevent the header being repeated twice.

    • Reconciliation of Members' Interests note has been updated to be included for LLPs applying FRS 102 (small) as a default.

    • The Statement of Cash Flow accounting policy referencing old accounting standard (FRS 1) has been removed as the note will be superseded by the Reduced Exemption Disclosures.

    • The audit information and FRC’s ethical standards note screen has been removed for LLPs applying FRS 102 (medium/large).

    • ‘Required by law’ and additional filters have been updated to display additional disclosures available for FRS 102 1A with full disclosures.

    • The additional disclosures filter for FRS 102 1A within Admin Centre has been updated to include all notes available under that filter.

General maintenance

• Resolved an issue where allocating posting(s) to directors via a Check & Finish hyperlink caused the application to crash.

• Statement of cash flows: Foreign exchange gains/(losses) calculation for the cash and cash equivalent at end of year/period have been updated to display correctly.

• References to '(Profit)/loss on disposal of tangible assets' will now vary correctly in the Profit reconciliation cash flow note.

• The calculations for amounts introduced by directors and amounts withdrawn by directors have been updated when postings have not been allocated to directors.

• Changes made to default text for notes via Admin Centre will now be applied to all new accounting periods without resetting the entry.

• The content page for companies/LLPs applying FRS 102 will no longer duplicate Income Statement when the company status is dormant.

• Companies/LLPs with dormant status have been updated to refer to ‘Dormant Profit and Loss Account’ instead of ‘Dormant Profit and Loss Account Statement’.

• Resolved an issue where the Check & Finish was prompting the user to include Auditor’s Remuneration note for audited companies prepared under FRS 102 1A and 105.

• Resolved an issue that resulted in delay in creating accounting periods in certain scenarios.

• Resolved an issue where the registrar financial statements included Strategic and Director’s report when claiming small companies exemption under FRS 102 (small).

• Resolved an issue where the Turnover note format for limited companies had been updated unintentionally for existing periods.

• Pension commitment note selection within edit notes will now be retained for accounts prepared under FRS 102.

• Finance Leases will now refer to hire purchase and finance leases.

• Tax (expense)/credit on components of other comprehensive income have been updated to display (expense)/credit correctly.  

• The content of the Capital and Reserves and Profit/Loss columns within the subsidiaries note will no longer be brought forward into the next accounting period.

• Resolved an issue where opening the political donations and expenditure note immediately after a reset caused a crash within the Member’s report.

• The accountant’s report will now be included in the registrar financial statements when selected to be included in Registrar accounts.

• The Profit and Loss accounts within lead schedules have been updated to display the Gain/Loss on derivative financial instruments references.

• The director's responsibilities note will now retain user edits made for the director’s responsibilities and e-publication note for companies preparing accounts for FRS 102.

• The following online filling errors have been resolved and will no longer stop the user filing successfully with HMRC:

  ·        Chris:3312 Trading/non-trading (UK:BUS Entity Trading) is missing

  ·        Chris:3312 Dormant/non-dormant indicator (UK:BUS Entity Dormant) is missing

  ·        Chris:3312 Date of signing Director’s report (uk-direp:DatesigningDirectorsReport) is missing

  ·        Chris:3312 Name of Director signing Directors Report (uk-direp:DirectorsSigningReport) is missing

  ·        Chris:3315 Generic dimension member (bus:Director) has no associated name or description item

• Admin Centre has been updated to include the Controlling Parties note for FRS 102 1A with additional disclosures.

• Resolved an issue where the Basis of Preparation of Financial Statements note In Admin Centre (Non-resident landlords) contained an incorrect reference to FRS 102 1A for limited companies applying FRS 102.

• Drill-down

• The total and the sign of the breakdown values will now match with the selected value in the Balance Sheet.

• The detailed breakdown window for a single accounting period in the drill-down feature in reports will now display the adjustments in one column rather than two.

• When drilling into values that are exclusively calculated from a single entry in Notes > Edit Notes, the cursor will now be positioned correctly in the field corresponding to the selected value in reports.

• Resolved an issue where the rule-off around the total in the ‘detailed breakdown’ window for a single accounting period was too big.

• Tangible assets: Cost or valuation values for ‘at cost’ will contain the correct hyperlink to the edit notes screens when values include adjustments from those fields.

• Resolved an issue so that values for turnover in profit and loss account, turnover by class of business, subsidiaries, directors advances and key management compensation notes within reports, are drillable.

• Resolved an issue where drilling into values relating to highest paid director incorrectly opened the director’s remuneration note.

Time

• Time tracker includes the ability to pause a time log. This allows a time log to be restarted at a later time and/or a new time log for another item of work to be started.

• When attempting to complete a time log generated via the Time tracker, should you change your mind, select Keep Working.

• Suspended users have been omitted from selection when creating/editing a new time log. A security permission is available within security roles in Admin Centre to make suspended users visible if required.

General Maintenance

• The WIP Overview has been updated to sort by Client A-Z.

• The Time Analysis screen has been updated to show time logs in date order.

• When editing a time log from within a Timesheet, the log no longer moves to the following day when clicking on the right-hand edge of the log.

• The Job/Task link to Time Log option now includes completed tasks without a PM+ Licence.

Practice Manager

• The ‘Tasks and Jobs assigned to me’ widgets on the Dashboards have been updated to include:

  • an icon to indicate that a Note exists for that Job/Task, including a tooltip showing the last note.

  • an optional ‘Notes’ button that opens the client record on the Notes tab showing the notes for the activity type of the selected Job/Task.

• When selecting a client from the client list in Practice Manager, the right-hand panel has been updated to only show the status for the last 2 tax years (all other tax years can be viewed via Set Work Status > Tax Return Production).

• The Notifications counter will flash when a new notifications appears or where notifications exist on first opening the application.

General Maintenance

• The Confirmation Statement statutory deadline calculation for year of incorporation has been updated to use ‘Confirmation Statement date + 14 days’ (rather than using the Incorporation date).

• Within Report Manager, when using a client filer on a duplicated report, a new copy of the filter will be applied to the new report (rather than using the same filter as the original report).

• When de-selecting ‘has a portfolio’ from a user, the confirmation dialog has been updated to include a link to see all clients affected (rather than listing them within the dialog itself).

• Submitting Tax CT and Tax SA Returns in bulk using Batch Filer will now trigger all set task automation within Jobs.

Communications Centre

• Tokens used in the subject line are now correctly populated when using the option to Bulk Send from Message Activity.

• Attachments included within an email sent from Communications Centre will now appear when opened on an iPhone/iPad.

• The Communications Summary has been updated to exclude Suspended users from the User emails widget.

eSign Centre

• When creating a new envelope any Director/Secretary with a cessation date in the past will now not show on as available for signing. An option is available to display and add these via Add/Manage Relationships.

General Maintenance

• eSign Centre will now allow users to be added to an envelope as a Watcher or Signer in all instances.

Companies House Sync Wizard

• The officers filter has been updated to include a new ‘Recent officers only’ filter to display all officers present in the business at any point in the last accounting period (from the start of accounting period date to today’s date).

TaxCalc Product Update - version 14.2.200 - Released on 15th November 2023

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Tax Return Production

• Practice Manager Plus

Tax Return Production

• Fixed an issue that was preventing some of our non-practice users from successfully using a token for self assessment pre-population.

• Fixed a display issue relating to the Filing by Internet submission screen that would have affected some customers who save Tax Returns outside of the database (externally).

Practice Manager Plus

• The assignee for a Job and Task within a Job is now being set as expected on recurrence.

TaxCalc Product Update - version 14.1.807 - Released on 9th November 2023

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Tax Return Production

Tax Return Production

• Fixed an issue where the 'last saved dates' for some Tax Return statuses were being updated incorrectly in Version 14.1.800

TaxCalc Product Update - version 14.1.800 - Released on 1st November 2023

Please note: 

• For Customers who have not already updated to Version 14, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Accounts Production

• Companies House Forms

• Tax Return Production

• Practice Management

• VAT Filer

• eSign Centre

• Communications Centre

• Time

• Batch Filer

• AML centre

Accounts Production

Accounts Production – FRS 102 MLA extended to include Medium and Large Limited Liability Partnerships

• The FRS 102 MLA add-on will allow for preparation of accounts in accordance with FRS 102 for Medium & Large individual Limited Liability Partnerships. The accounting standards screen will contain a new option to select FRS 102. For any FRS 102 1a client, there is also the option to include options to add any of the disclosures relating to FRS 102.

• For FRS 102 LLPs :

  • A new cash flow statement report, with figures automatically calculated from the trial balance.

  • Enhancements to the existing FRS 102 1a notes and the following new notes:

    • Members report

      • Change of LLP name, Political donations and expenditure, Qualifying third party pension scheme indemnity, Research & development, Employees, Employee engagement statement, Branches outside the UK, Streamlined energy and carbon reporting, and an Additional note.

    • Accounting policies

      • Reduced disclosure exemptions, Exemption from preparing consolidated financial statements, Investment policy, Cash and cash equivalents, Interest receivable and similar income, Interest payable, Taxation, Provisions and contingencies, Members' policies – Members' participating interests/Members' capital/Profit allocations/Drawings/Post-retirement payments to members, Employee benefits.

    • Notes

      • Statement of compliance, Other operating income, Auditors' remuneration, Members' remuneration, Interest receivable and similar income, Investment – subsidiary disclosures, Loans, Secured creditors, Loans and other debts due to members, Ultimate parent company, Financial instruments.

    • It will be possible to add additional text across all of the notes and edit admin level default disclosures.

  • Further updates for LLPs for all accounting standards, include:

    • Additional account codes added to the chart of accounts

      • 3362 – Political expenditure

      • 3618 – Interest payable on other loans

      • 3624 – Interest payable to group undertakings

      • 3646 – Finance charge on provisions

      • 3676 – Interest capitalised

      • 3675 – Gains/losses on derivative financial instruments

    • Ability to create an Auditor’s address for an LLP.

    • Within Edit Notes for an LLP:

      • The ‘Loans and other debts to and from members’ screen has been renamed to ‘Amounts Due to and from Members in respect of Profits’ to represent the details contained within the note, this has been updated for all accounting standards.

      • The following notes have been re-positioned in the menu tree and will be displayed directly underneath the Reconciliation of Members interests note:

        • Members division of profit.

        • Amounts Due to and from Members in respect of Profits.

      • A token to prompt to enter the principal activity ‘(please complete sentence)’ has been removed from the Principal Activity note within the Members' report for Limited Liability Partnerships.

• Other updates within Accounts Production

  • The Edit mode option within the financial statements has been further enhanced to drill-down from figures on the accounts that have been generated from note entries.

  • Additionally, entries will now:

    • display rounded amounts rather than unrounded.

    • display one column when there is only one accounting period.

  • The capability to drill-down from sub-totals and totals has been removed from the Full and Registrar Financial Statements.

• Revised Financial Statements

  • A Check & Finish has been added if the reason the original accounts did not comply with the Companies Act 2006 text box in Revised Financial Statement note is that it has not been populated.

  • Default wording has been added for the Emphasis of Matter note as per ISA (UK) 560 Paragraph 16.

  • A Check & Finish warning has been added where accounts are marked as revised and audited, where a brief summary of emphasis of matter has not been included.

• General Maintenance

  • For sole traders and partnerships, the default wording for the IFA version of the Accountant’s report has been updated as per the guidance.

  • FRC’s Ethical Standard – Provisions for Small Entities note: the disclosures will be included automatically for a small company applying FRS 102.

  • To prevent unintended consequences it will not be possible to change the company type without deleting the accounting period and associated relationships that have already been created.

  • Resolved an occasional issue where a page break was inserted after the General Information note in Notes to Financial Statements.

  • Investments – subsidiaries note: An option has been added to edit the defaults of the subsidiaries screens within Investments note via Admin Centre.

  • The Tables icon will always be displayed in the formatting ribbon within Edit Notes for all client types. A warning will be displayed directing the user to purchase/renew the FRS 102 MLA licence when clicking on the Tables icon if there is no licence.

  • Auditor’s report: Correct spacing has been inserted in the final paragraph of the Other Information note.

  • Accountant’s report: Default text will be displayed for the Accountant’s report at admin level for limited companies applying FRS 102 1A.

  • Accountant’s report: The financial statements will now include the customised text for the Accountant’s report for all accounting standards.

  • Sole trader/Partnerships: The IFA version of the Accountant’s report will now be displayed and rendered correctly when Income & Expenditure Account is selected as the report type.

  • Resolved an issue where the Profit & Loss Account and alternative reports were omitted from the primary statements token in the Auditor’s report.

  • Other comprehensive income: Resolved an issue where the values in the ‘Tax expense/credits on components on other comprehensive income' field were displaying inverted.

  • Resolved an error which affected limited companies and LLPs where the calculation of opening balances brought forward incorrectly handled postings to account code 3675 in the previous accounting period.

  • Tax on profit/surplus note: Tokens have been updated to correctly refer to profit/loss in limited by shares and surplus/deficit in limited by guarantee.

  • Resolved an issue where the Breakdown of tax charge had been removed from the Tax on profit note for existing periods.

  • Resolved an issue where allocating posting(s) to directors via a Check & Finish hyperlink caused the application to crash.

  • Admin Centre has been updated to include the additional text box within Auditor’s remuneration note for FRS 102 and FRS 102 1a with additional disclosures.

  • Resolved an issue where individual related party transaction details did not pull through to the report without populating the first narrative box (to provide details of related party transactions).

  • The financial statements will no longer crash when a related party transaction note is included without the opening text being populated.

  • Profit reconciliation section of the Tax on Profit note will now save the new rows and values added by the user.

  • Resolved an issue where the Share Capital note was incorrectly included within the Limited by Guarantee accounts as a result of changing the business type to Limited by guarantee (from Limited by shares).

  • Other Comprehensive Income note: Resolved an issue where the rows and fields did not match up with the preview mode and report output.

  • Resolved an issue where the default wording for the Research & Development accounting policy had been inadvertently updated for existing periods.

  • Tax on Surplus note for Limited by Guarantee: The default wording within Admin Centre has been updated.

  • Resolved an issue where the [List_Strategic_and_Directors_Report] token was repeating ‘the’ in the Statement of Director’s Responsibilities note when preparing FRS 105 accounts.

  • Resolved an issue where the Opinion note for limited by shares within the Auditor’s report incorrectly referenced surplus/(deficit) instead of profit/(loss).

  • Detailed balance sheet for FRS 105 now includes the rows for the fixed investment codes where postings exist.

  • Fixed asset investments note: iXBRL tagging has been applied to the net book value total column.

  • Cash Flow Statement: Resolved an issue where foreign exchange gains/(losses) on cash and cash equivalents were not displayed correctly.

  • Resolved an issue that affected limited companies and LLPs where postings to account code 3675 were shown in the wrong section of the Profit and Loss Lead Schedule.

  • Provisions for liabilities: Headings for additional provisions will now be displayed in the preview mode and report output.

  • Audit Information note will now include the content of Emphasis of Matter for FRS 102 1A in the registrar financial statements.

  • For LLPs

    • Updated incorrect references to member’s (which should be displayed as members') on the content page and Members' report.

    • Balance Sheet statement relating to s477 has been updated to refer to LLPs rather than LLP's.

  • The following online filling errors have been resolved and will now allow the user to file successfully with HMRC:

    • Error 0: cvc-complex-type.2.4.b: The content of element ‘table’ is not complete.

    • Error 0: cvc-complex-type.2.4.a: Invalid content was found starting with element 'frs-core:ShareBasedPaymentsFree-textComment'.

    • Error 3314: Inconsistent duplicate fact values – (dpl:Non-InterestBanksimilarCharges).

    • Error #9999 - fatal: Inconsistent duplicates facts are present for “CashCashEquivalentsCashFlowValue'.

    • Error 0: cvc-complex-type.2.4.b: The content of element ‘table’ is not complete.

    • CVC attribute 3: the value - cannot resolve ‘core:FurtherSpecificTypeProvisionContingentLiabilityTotalProvisionContingent of attribute 'dimension’ on element is not valid.

    • UndeclaredPrefix: cannot resolve ‘core:FurtherSpecificTypeProvisionContingentLiabilityTotalProvisionContingent as a QName: the prefix ‘core’ is not declared.

Companies House Forms

• Resolved an issue where finish and save is performed after printing the form and would cause the application to crash.

Tax Return Production

General Maintenance

• Updated the onscreen text for non-practice users on the filing by internet screen relating to test filing.

• Updated the onscreen text for non-practice users to provide more information regarding paying tax to HMRC.

• Fixed an issue relating to the watermark on Tax Returns where the page was not a standard A4 dimension.

• Removed the usage of HMRC’s crown logo for fetched self-assessment data.

• Fixed an issue relating to attaching secured PDFs to Tax Returns.

• Corrected the time of filing for Tax Returns recorded against the tax work status. In some circumstances it was out by 1 hour.

CT600 Corporation Tax Returns

• Updated the mapping from Accounts Production to include Charitable donations in the import.

• Provided additional data entry for computation add backs for:

  • Charitable donations.

  • Purchased goodwill and intangible assets relief.

• Added the ability to post a tax journal posting to Accounts Production for S455 Tax Charges.

• Updated the Corporation Tax computational taxonomy to 2023 and updated the tagging for ceased trading date.

• Updated losses to include losses brought forward being surrendered for creative tax credits.

General Maintenance

• Updated SimpleStep wording for Exporter information to show the correct description for boxes 616 and 617.

• Updated SimpleStep ‘Next Step’ functionality for supplementary pages (CT600I CT600J CT600K CT600M CT600N).

• Updated Indexation allowance for November 2018 and excluding a duplicate entry for December 2017.

• Improved the display and alignment of columns on the Corporation Tax computation relating to the R&D section.

• Fixed an issue to ensure that the preview for patent box calculations is working as expected.

• Updated the date on a Structures and buildings allowance validation message to reflect 29 October 2018.

• Removed a validation relating to Structures and buildings allowance qualifying start date having to be in CT period.

• Removed a duplicate validation relating to box 743 for First Year Allowances.

• Fixed an issue relating to a balancing charge being created for assets that had a super-deduction and AIA claim in return with a period end after 31 March 2023, that were created before our last update.

• Fixed a rounding issue relating to the general pool super deduction balancing charge.

• Updated the Capital Allowances manual grid to take into account full expensing claims on new plant and machinery (from 1 April 2023).

SA100 Individual Tax Returns

• NEW Summary to provide the breakdown of net relevant earnings for pension purposes.

• NEW Summary showing calculation of Class 2 and Class 4 NIC.

• Enhanced the ‘Payments on account' SimpleStep screen to allow multiple entries for 'Other outstanding liabilities'.

• Updated the Land & Property Summaries to include a total column where the income is shared and the joint income calculator has been used.

• Tax Payment/Repayment summary updated to include overpaid Capital Gains Tax, where appropriate.

• Updated import mapping from Accounts Production to self-employment pages so that entertaining costs and late payment tax charges are now included as disallowable expenses.

• Enhanced the ‘Collecting tax through PAYE’ SimpleStep screen to show tax liability after payments on account and Class 2 NIC (for the purposes of collecting tax through PAYE).

General Maintenance

• Updated validation relating to ‘Tax relief is not available for pension contributions in excess of £3,600...’ to make it clearer when it applies.

• Updated the Adjusted Profit Computation to allow for total disallowable expenses being a credit.

• Included a new validation if tax from employment is a credit.

• Updated the capital gains tax relief section to provide more information on entering share loss relief against income.

• Included a new validation relating to the completion of employee’s NIC contributions where the Class 2 maximum charge applies.

• Included a new validation relating to HMRC’s Special 50, applicable when no capital gain is arising but real time CGT has been paid.

• Updated the self-employment SimpleStep page for other income to remove the reference to SEISS.

• Updated the Furnished Holiday Let summary to ensure that any loss to carry forward is being shown.

• Fixed an issue where the Structures and Buildings Allowance (SBA) was only calculating one days worth of allowance when the asset was brought forward from a previous year.

• Updated the WLTP rate percentages for company cars with emissions under 50g/km.

• Corrected the years in the description relating to underpaid tax on SA302 Summary.

• Fixed an issue relating to the foreign tax deduction not being included in box FOR30 for the second and subsequent properties.

• Ensured that the dividend database only reflects dividends when a company has been selected.

• Updated the list of Professional Fees & Subscription bodies.

SA800 Partnership Tax Returns

• Updates to importing from Accounts Production:

  • Added the ability to import income and expenses values into the Summary section of the Partnership Tax Return, meaning the user can now select summary or detailed.

  • A new import display dialog has been added that summarises where income and expenses from the accounts are going to be shown in the Partnership Tax Return.

  • Entertainment and late payment tax charges are now included as disallowable expenses.

General Maintenance

• Included a new validation where the name of the signatory has not been entered in box 11.3.

• Fixed an issue relating to extra trade pages being imported into an individual’s Self Assessment Tax Return.

• Updated the footer on the extra trade pages in line with HMRC guidance.

SA900 Trust Tax Returns

• Updated data entry screens for the R185 Estate Income Form to show Boxes 22 and 23 on Page 2.

Practice Manager

• Performance improvements have been made to the client list within Practice Manager (and other locations where a list of clients is used/displayed) to produce the list in a more timely manner where a large number of clients exist.

• A new Custom Field type ‘User’ has been provided. This will display a list of users within the practice that can be set against a field on a client's record, ideal for setting which member of staff is responsible for which role against each client.

  • View the user and custom user role association within the User record in Admin Centre under ‘Custom User Roles’.

  • View the client values that have been set within reporting and data mining.

• Added the ability to bulk update custom fields (Type: Users, Dropdown and Tickbox) and the Assigned to Office field set against a client record for multiple clients at the same time.

• Client restrictions have been updated to allow use of a dynamic filter (Data Mine), for example, by Office.

• Dashboards have been updated to allow ‘Jobs and tasks assigned to me’ widgets to be filtered by Office.

• A new filter has been added to Work Management for ‘Office’.

• An option has been provided within Work Management and Active Work to delete tasks in bulk.

• Added a new condition within Data Mine for ‘Office’ which provides a selection of Offices to choose from. This condition returns all clients set with the selected office.

• For improved identification, a newly created Task will be automatically selected within the Work Management and Active Work tables.

General Maintenance

• When Tax, VAT and Annual Accounts are submitted, tasks will automatically complete and recur where the automatic task option setting is active.

• Performance improvements for large amounts of jobs/tasks have been implemented to Bulk Select in Work Management and Active Work.

• The client summary in the Client Record will display custom fields using a drop down field type.

• Standalone task widgets will display tasks if the logged in user has the rights to the view the associated client.

• The client record fields ‘Assigned the client to an office’, ‘Bookkeeping software’ and ‘Method of payment’ have been updated to make sure the options are ordered correctly.

Practice Manager Plus

• Custom fields set as ‘User’ can be set as an assignee on a Job templates. Where a Job is created using that template, this will automatically assign the user set against that client to the relevant job/tasks.

• Dashboards have been updated to allow ‘Jobs and tasks assigned to me’ widgets to be filtered by the Custom Fields set as ‘User’.

• An new filter has been added to Work Management for any Custom Field set as ‘User’.

• An option has been provided within Work Management and Active Work to delete jobs and tasks in bulk.

• Bulk Service Wizard has been updated to include the ability to create Annual Accounts and Tax CT work items when creating a job.

  • Added the ability to select clients within the Bulk Service Wizard using a dynamic filter (Data Mine), for example, by Usual Year End.

• For improved identification, a newly created Job will be automatically selected within the Work Management and Active Work tables.

General Maintenance

• Performance improvements have been implemented when selecting a large number of jobs/tasks within Work Management and Active Work.

• Performance improvements have been implemented when creating a large amounts of jobs/tasks via the Bulk Service Wizard in Work Management and Active Work.

• An existing Job Template (Workflow and Checklist mode) can now be assigned to a Team when duplicated or edited.

• Mouse scroll has been disabled on the Tasks tab of the Job wizards to prevent mistakenly changing a value.

• View History on a Job has been updated to include audit changes made by automation.

• Job automation will create a Corporation Tax Return for the April 2024 leap year and leap years going forward.

• Job and tasks widgets have been updated to display the job/task if the logged in user has the rights to the view the associated client.

• It is possible to activate a service and create a job using checklist mode in all instances, regardless if the service has a template set or not.

VAT Filer

• Inclusion of a new VAT Account which connects with HMRC’s new APIs to get the latest surcharge and penalty information.

• Moved current functionality relating to Payments & Liabilities from individual VAT Returns to the new VAT Account.

• Ability to see which user submitted a VAT Return added.

• Updated the text on the VAT Filer opening dialog.

• Addressed a couple of UI issues relating to boxes resizing when data has been entered.

eSign Centre

General Maintenance

• The signing order can now be updated when new/updated signers are added to an existing envelope.

• Updated the Recipients tab so Client Relationships can only be added as document signers once to envelopes.

Communications Centre

• An alternative method of authentication (OAuth) is available for Microsoft Outlook.

• Custom Fields set as ‘User' can be added as tokens to mail merge and send message (as with all other Custom Field types).

• Updated the support of document types to include .doc attachments when sending an email. This will allow any Client Questionnaire (or other Mail Merge documents) to be attached without having to update to .docx.

Time

General Maintenance

• The WIP Overview can now be filtered by Start/End date and will continue to show the Initial WIP.

Batch Filer

• Added the ability to file CT600 Corporation Tax Returns using Batch Filer.

• Added the ability to filter clients based on assigned office details.

• Added the ability to print/PDF all FBI Receipts for Tax Returns submitted in a batch.

• Included the IR mark of the Tax Return in the batch selection windows.

• Updated Batch Filer notifications to include the name of the batch.

• Add a new Status description for Tax Returns that didn't get filed during a batch submission.

• Ensured that the batch name has focus when creating a new batch.

• When all submissions in a batch have been made, the main batch filer window is now updated to include the latest batch.

AML Centre

• Pending searches will no longer use an AML identity check licence. Only completed checks will use a licence.

TaxCalc Product Update - version 13.8.831 - Released on 29th September 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product Summary

• Tax Return Production

• Practice Manager

• Accounts Production

Tax Return Production

• Tax returns saved outside the database will now automatically save after filing online.

Practice Manager

• Added a new option that prevents automatic client searching. This is to assist the operation of exceptionally large databases, where enhanced performance is required.

Accounts Production

• The QuickBooks trial balance import has been updated to cater for the latest QuickBooks update, so it will import successfully. The import process for QuickBooks will now divert to the machine's default internet browser for the user to authenticate with their QuickBooks credentials. Future updates are being planned in this area to further improve the import workflow.

TaxCalc Product Update - version 13.7.148 - Released on 1st August 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product Summary

Accounts Production

• FRC’s ethical standards note – resolved an issue where the note was included in the registrar financial statements when the selection to include the note was turned off.

• The following online filling error has been resolved and will now allow the user to file successfully to HMRC:
  - Error 0: cvc-complex-type.2.4.a: Invalid content was found starting with element 'frs-core:Non-bankInterestSimilarCharges'

TaxCalc Product Update - version 13.7.145 - Released on 19th July 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product Summary

General

• For TaxCalc versions on SQLITE databases, in certain circumstances where the TaxCalc application was open and left inactive, on returning to the application it was unresponsive - this has been resolved.

TaxCalc Product Update - version 13.7.134 - Released on 10th July 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• General
• Practice Manager Plus
• Tax Return Production / VAT Filer

General

• In a small number of cases the Summer installation was unsuccessful and was rolling back to the version prior to running the installer. This has been resolved.

Practice Manager Plus

• General Maintenance

  • Where a checklist job is assigned to a Team, all tasks will be automatically assigned to that Team

  • Job templates can be assigned to a Team where the assignee was previously set to portfolio manager

Tax Return Production / VAT Filer

• HMRC Token Management

  • Fixed an issue that was causing the reauthorisation of HMRC tokens

TaxCalc Product Update - version 13.7.130 - Released on 4th July 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product Summary

• Accounts Production
• AML Centre
• Tax Return Production
• Practice Management
• Communications Centre
• eSign Centre
• VAT Filer

Accounts Production

• Amended/Revised accounts can be prepared using either revision by replacement or revision by supplementary note for Limited companies and Limited Liability Partnerships, and can additionally be submitted electronically to Companies House and HMRC for accounting periods ending on or after 1 April 2022.
• ‘Switch to Edit Mode’ will allow for drill down from the report to access the formulas that make up the monetary value, and the ability to edit the value for all primary statements and notes to financial statements.
• The FRC 2022/2023 iXBRL taxonomies have been updated for periods ending on or after 1 April 2022, for submissions to both Companies House and HMRC.

Other updates within Accounts Production

• Electronic filing restrictions can now be set via a user’s security role (found in Admin Centre) for Accounts Production, Companies House Forms and Company Incorporator.
• Additional accounts have been added to the LLP chart of accounts:
  • Political expenditure – account 3362.
  • Fair value gains/losses on investment property/investments – account 3575/3576/3785/3586.
  • Intangible assets – additional movement account codes for goodwill – revaluation (account 4008), amortisation on revaluations (account 4009), transfers (account 4009-1), amortisation on transfers (account 4009-2), other cost (account 4009-3), other amortisation (account 4009-4) including the equivalent for other intangibles (4019 to 4019-4), development (4029 to 4029-4), intellectual property (4039-1 to 4039-4).
  • Tangible assets – additional movement account codes for land and property freehold – transfers (4109-1), depreciation on transfers (4109-2), other cost (4109-3), other depreciation (4109-4), including the equivalent for land and property leasehold (4119-1 to 4119-4), plant and equipment (4129 to 4129-4), motor vehicles (4139 to 4139-4), fixtures and fittings (4149 to 4149-4), computer equipment (4159 to 4159-4), investment properties (4169-1 to 4169-4).
  • Investments – additional movements accounts for investments – listed – fair value adjustments (4203-1), provision on revaluation (account 4209), transfers (account 4209-1), provision on transfers (account 4209-2), other costs (account 4209-3), other provision (account 4209-4). including the equivalent for investments – unlisted (accounts 4213-1, 4129 to 4219-4), investments – other (accounts 4223-1, 4229 to 4229-4).
  • Investments – new account codes for subsidiaries (accounts 4230 to 4239-3), associates (accounts 4240 to 4249-4), joint ventures (accounts 4250 to 4259-4).
  • Loans codes – other loans (accounts 5110, 5510), debenture loans (accounts 5120, 5520).
  • Creditors code – payment on account (account 5560).

General Maintenance

• Import Trial Balance from CSV will default to use an existing map instead of creating a new import map.
• Account description for Political Expenditure (account 3362) has been updated to read: Political expenditure.
• Financial statements:
  • A Check and Finish^(R) message will only be displayed where posting values to Investment Properties are greater than zero.
  • Check and Finish error resolved for Fixed Asset Investments, which will now display the account codes in order. Also, where the difference between brought forward and carried forward has been found for joint ventures cost, it will refer to the correct account code 4250.
  • Resolved an issue where a Check and Finish error was incorrectly displayed for investments – joint ventures opening balance.
  • Resolved an issue where a Check and Finish error was incorrectly displayed for investment properties (account 4160).
  • Balance sheet – limited companies postings to Investment Property will no longer be displayed as Fixed assets in the comparative period if the Investment property is displayed as a separate note in the current year.
  • Balance Sheet – resolved an issue where multiple signatories on the report were displayed with a continuous dotted line.
  • Notes to the financial statements – the extra spacing between single rule-off and total has been removed from certain notes to financial statements, to be consistent in all notes.
  • Statement of Comprehensive income – resolved an issue where occasionally the Statement of Comprehensive Income values were not pulling through to the current year.
  • Statement of Director’s Responsibilities – spacing has been updated to be consistent with the rest of the financial statements.
  • General information note – resolved an issue where the General Information note number for FRS 102 1A was using a previous accounting period’s note number (when the accounting standard has been updated to FRS 102).
  • FRC’s ethical standards note – resolved an issue where the note was included in the full and registrar financial statements when the selection to include the note was turned off.
  • Share capital note – the currency symbol will be inserted under the current and comparative year columns.
  • Accounts Approval Statement and Director’s report will now display all signatories in normal text (not in bold).
  • Partnerships and sole traders – the Accounts Approval Statement has been updated to correct a spelling mistake and will include the word ‘Signed’ above the signature.
  • Interest receivable and similar income note – financial statements will include the interest receivable and similar income notes, where the status of note is manually updated to include the note.
  • Detailed Balance Sheet (FRS 105) will display account descriptions for postings made to account codes 5110 Other loans and 5120 Debentures.
  • Intangible fixed asset and amortisation policy – the standard text for the Research and Development note has been updated with more comprehensive wording
  • Creditors: amounts falling due after five years – additional text entered within Creditors: amounts falling due after five years note will only be displayed where postings exist to relevant account codes.
  • The Trading Profit and Loss Account for FRS 105 will display gain on derivative financial instruments correctly.
  • iXBRL tagging has been applied to the interest payable account codes within the Trading Profit and Loss Account.
  • Resolved an issue where the [List_Strategic_and_Directors_Report] token was omitted from the statement of Director’s Responsibilities note when preparing FRS 105 accounts.
  • The share capital note will no longer display an ‘Amount’ heading for the issued during the period table.
  • Resolved an issue where spacing had been removed between the ‘Prior Period Adjustment’ and ‘Additional note to the accounts’ note.
• Edit notes
  • Scrolling with the mouse within edit notes will not inadvertently update the values or drop-list selections.
  • User entries won’t be brought forward into the next accounting period for:
    • Other Operating Income note.
    • Reduced disclosure exemptions.
  • Strategic report signature – preview mode of the Strategic report signature has been updated to display the wording as per edit mode.
  • Preview mode will display disclosures relating to e-publication within Statement of Director’s Responsibilities correctly.
  • Basis of preparation accounting policy – option to include ‘Presentational currency and rounding’ has been removed from the Basis of Preparation policy, as the option was being displayed incorrectly.
  • Tax on profit note – the tax rate field for previous year will be brought forward into the next accounting period
  • The required by law filter for limited companies applying FRS 102 has been updated to include:
    • Dividend note.
    • Turnover – Class of business.
• The following online filling errors have been resolved and will now allow the user to file successfully to HMRC:
  -Chris 0 Accounts error – Inconsistent duplicate fact present for ‘EntityCurrentLegalOrRegisteredName'.
  -Chris 0 Accounts error – The input 100% cannot be parsed as a non-negative number.
  -Chris 0 Accounts error – The content of element ‘tr’ is not complete.
  -Chris 0 Accounts error – NetAssetsLiabilitiesSubsidiaries is not dimensionally valid' Hypercube-subsidiaries does not allow dimensions”.
  -Chris 0 Accounts error – core:DetailsOfSharesHeldInSubsidiaryGroupingDimension.domain.
  -Chris 0 Accounts error – core:detailsofsharesheldinsubsidiarygroupingdimension.domain.
  -Chris 0 Accounts error – NetAssetsLiabilitiesSubsidiaries requires an instant but its context contains a duration.
  -Chris 0 Accounts error – Inconsistent duplicate fact present for ‘OpinionOfAuditorsOnEntity'.

General maintenance – FRS 102 MLA

• Strategic report has been updated to remove fixed section headings “Business Review” and “Matters of Strategic Importance to the Business”.
• Cash flow statement – analysis of changes in net debt has been updated to resolve the value for new finance lease.
• Companies limited by shares applying FRS 102 – the standard text for auditor’s opinion will correctly reference profit/(loss) instead of surplus/(deficit).
• FRS 102 1A with advanced disclosures – matters covered in the Strategic Report note will be omitted when the Strategic Report is not included in the full financial statements.
• Highest paid director – the values for highest paid director will no longer be displayed with a negative sign when brought forward to the next account period.
• The Provisions for Liabilities note (LLPs) will not display headings for additional provisions entered via edit notes.

AML Centre

• AML Centre Status Management – columns within the Client Due Diligence screen can now be sorted.
• Status Management – Client Due Diligence – the client list will now exclude archived clients and a new option has been added to optionally include ‘Archived’ clients.

• General Maintenance
  • Searches will only use a licence where a check is performed. Searches that have been initiated but not sent to Equifax (which are recorded as pending searches) will not hold a licence.
  • An issue has been resolved where an error 100 was being returned from an electronic check where an individual was on multiple watchlists.
  • Resolved an issue where users occasionally experienced a delay in opening the Client Due Diligence screen via Firm Wide Compliance within AML Centre.

Tax Return Production

• General Enhancements/Features

• Online filing restrictions can now be implemented for Tax Return Production, VAT and HMRC Forms via a user’s security role (found under Admin Centre).
• The Select Tax Return dialog now includes the submission status of tax returns.
• The online filing screen now includes details of the user who submitted the tax return.
• Additional validations for capital gains tax relating to entries in boxes CGT35, CGT41 and CGT42 have been added, to aid successful online submissions of tax returns.
• An additional validation has been included to advise individuals with multiple self-employments that the trading allowance cannot be claimed if expenses are being claimed on any self-employed business.

• General Maintenance 
  • Updated all footers for Self Assessment and Corporation tax returns, including all supplementary pages, so that they are consistent.
• SA100 Enhancements/Features
  • 2023/24 What If? Planner is now available:
    • Enhanced to include additional data entry for ‘Underpaid tax for earlier years included in your tax code for 2023/24’.
    • Updated to ensure that tax years are reflected correctly on the SA302 summary when a future year’s tax has been included in the current year’s tax code.
  • 2022/23 Dividend Database is now available.
  • Printing options for individual tax returns now includes the option for a ‘Personal Tax Computation’ cover sheet.
  • Accessibility: The ‘Fetch Taxpayer Data’ panel for individual Tax Returns can now be hidden to avoid it obstructing the screen when using system accessibility options. (Option can be found under the ‘View’ menu options.)
• SA100 Maintenance
  • Included the latest changes to the professional fees and subscription wizard list provided by HMRC.
  • Improvements have been made to the:
    • Online submission for foreign tax paid on other income where there are in excess of 20 entries, to ensure a successful submission.
    • Wording on the marriage allowance transfer screen to make it clearer when a transfer can take place (knowledge base article also updated).
    • Validation messages relating to non-resident individuals with partnership income and Class 4 national insurance.
    • Joint import screens to make the process clearer.
    • SA100 Tax Calculation Summary in line with changes made by HMRC.
  • The following issues have been resolved:
    • Link for help for double taxation agreement no longer opening the help menu for the wrong tax year.
    • Completion of the foreign property pages where there were multiple properties and one (or more) property(ies) has a loss.
    • SEISS postings in Accounts Production were not importing correctly.
• SA800 Maintenance
  • Updated the validation wording and criteria relating to the cash basis limits .
• SA900 Maintenance
  • Updated the logic for box Q17.7 (reducing payments on account) as the value was being cleared in error for Trust Returns taxed at the trust rate.
• CT600 Enhancements/Features
  • Added ‘Revaluation/Fair Value’ adjustments to the computation section of the CT600.
  • Included ‘Revaluation/Fair Value’ adjustments in the import from Accounts Productions to Corporation Tax.
  • Improved the look of the Accounts Production to Corporation Tax import screen.
  • Automatically utilise losses brought forward where possible and advise users when losses brought forward haven’t been utilised.
  • Added a validation when losses brought forward do not match losses being carried forward into the next year’s Corporation tax return.
  • General improvements to the Corporation Tax computation, including:
    • Add backs and deductions.
    • R&D tax credits.
    • Inclusion of trading ceased date.
    • Additional iXBRL tagging.
    • Ability to use an alternative firm name and address via Admin options.
  • Inclusion of full expensing first year allowances for accounting periods ending after 31 March 2023.
  • Small profit rate and marginal relief are now correctly not being applied to non-UK trading companies.
  • Patent relief calculations have been amended to consider new Corporation Tax rates from 1 April 2023.
  • Improved the messaging and validations relating to capital allowance Freeport SBA claims.
  • Added a validation if associated companies haven’t been entered and marginal relief is being claimed to ensure successful submission.
• CT600 Maintenance
  • Resolved an issue where:
    • The Calculation of balancing charge in special rate pool was taking into consideration (in error) the cost of assets purchased in the year which had a special rate first year allowance claim.
    • If a Freeport SBA Asset or Short Life Asset existed and a new asset was created, empty asset records were also being created in error.
    • An incorrect validation was being shown when an asset had been purchased and disposed of in the same year and the proceeds were greater than the cost.
    • The Corporation Tax computation was not including the capital gains tax summary by default when there was a gain or the gain was zero.
    • Marginal relief calculations limits for the 2023 financial year were being pro-rata’d over 365 days in some circumstances (leap year not in accounting period). This has been updated to 366 days for any FY23 period as per HMRC guidance.
    • The marginal relief box was not being unlocked when the ‘Disable automatic calcs’ option was enabled.
    • Rounding errors were arising relating to loans to participators.
    • Rounding for super deduction capital allowance claims was not always correct.
    • Credit and debit rows were temporarily disappearing on screen in the patent box wizard.
    • The calculation of land and property profits for a trading company were not deducting all capital allowance claims from income.
    • The computation for non-resident landlords was not always displaying the correct total for property losses carried forward from previous period.
  • Improvements have been made to the:
    • Wording for ‘Company type’ for ‘Asset holding company’.
    • Wording in Forms mode for Group and Consortium pages, to remove a reference to complete the certification when simplified arrangements are in place.
    • Group and Consortium pages. We have removed validations relating to the accounting period dates that were no longer relevant to ensure successful submission to HMRC.
    • Capital Allowance Calculator. Additional criteria have been added to ensure that the writing down allowance is not re-calculated on upgrade (issue arose where the WDA had been manually amended).

Practice Management

• Practice Manager Plus
  • New Check List mode within Jobs for creating SimpleStep^(R) workflows. Create a list of tasks in the form of a checklist, to be ticked off as they are completed. Tasks will be automatically allocated with the job assignee and due date for reporting purposes.
  • Tasks within a workflow can now be completed in any order. When completing a task, a prompt will appear with a choice to complete ‘This task’ or ‘This and previous tasks’.
    • Select ‘More options’ to add Notes, Time and Expenses to a job/task from within the Edit Job wizard.
• Updates to Job Template table within Admin Centre
  • Services linked to a Job Template are shown.
  • View default Job Template (including tasks) before duplicating.
• Work Management/Active Work
  • Where jobs/tasks have been expanded, the selection will be retained when using filters.
  • The work type column shows the number of completed (and total) tasks within a job.
  • Hyperlinks have been added to the name column, to allow quick access to a job or task.
• Client List
  • The ‘Name, Code, Post Code’ field within Advanced Client Search (select Advanced Search Options from the first dropdown field at the top of the client list) now searches businesses (within each client/contact).
• Data mining
  • New conditions are available for:
    • Total fees e.g. find a list of clients with fees in excess of £x.
    • Usual Year End day/month (client or business 1) e.g. find a list of clients with a specific usual year end.
• Reports
  • A column is available for Usual Year End day/month (client or business 1) which will pull the usual year end from the client record (from either Company/Partnership Information or from the first business).
• Dashboard
  • ‘Jobs/tasks assigned to me’ widgets include an option to filter the results for:
    • Teams
    • Portfolio Manager
• General Maintenance
  • Dashboard widget ‘Jobs assigned to me’ is now sorting with the earliest due date first.
  • Job template table displays system templates' creator as 'System'.

Communications Centre

• Tokens can now be used (copied/typed) within the subject line in both Send Message and Templates.
• New tokens are available for:
  • Services and Fees – shows each service and its fee as entered within the client record.
  • Services – shows each service as entered within the client record.
  • Total Fees – shows the total fees of all services as entered within the client record.
  • CT end date plus 9 months and 1 day.
• Automated Message Settings now display the client reminder template.

eSign Centre

• New statuses have been added as follows:
  • On sending an envelope, the status will be set to ‘Sent' (rather than 'Sent to client’).
  • Once the envelope has been processed, the status will be set to ‘Sent to client’.
  • Where an envelope fails to process, the status will be set to ‘Failed’ (no credit will be taken).
    • Any envelopes previously "stuck in processing" will be updated to ‘Failed’ after release (credits will be returned).
  • A tooltip is shown against each envelope status within the Envelope Results table for additional information.
• Other relationship types can be added as a recipient and set as a Signer/Watcher on any envelopes e.g. Shareholder, Spouse etc. Select Add/Manage Relationship to select the required recipient.
  • The 'Delete User' button is renamed to 'Remove Recipient', which allows both a user and other relationship to be removed.
• Once documents have been added to an envelope, they can be re-ordered prior to sending (via drag and drop within Manage Documents).
• The envelope activity table includes a ‘Completed Date’ column to easily identify when all documents have been signed.
  • Filters are available for ‘Completed’ status:
    • Completed yesterday.
    • Completed in the last 7 days.
    • Completed in the last 30 days.
    • Completed between.
• General Maintenance
  • Changing the signing order after attaching documents now sets the first signer to sign the appropriate documents in all situations.

VAT Filer

• General Maintenance
  • Eased our restrictions on filing to ensure that VAT Returns that are over six years old can still be filed online.
  • Updated fuel scale rates for period 1 May 2023 to 30 April 2024.

Other

• Authorise button for expiring tokens was not working in the notifications window for users with a standalone environment; this has been resolved.

TaxCalc Product Update - version 13.6.003 - Released on 17th April 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Tax Return Production

• Practice Manager

• Accounts Production

• AML Centre

Tax Return Production

• General Maintenance

  • CT600: Fixed an issue where Page 12 wasn’t being included in the print preview.

  • CT600: Added additional validations for boxes relating to marginal relief and associated companies.

  • CT600: Fixed an issue when trying to open or create a Corporation Tax Return where the accounting start date is before 1 April 2015.

  • SA100: Added a validation for HMRC Exclusion 138, which applies where amounts entered for post-cessation trade relief and certain other losses are in respect of pre-incorporation losses and should not be subject to the £50,000 cap.

Practice Manager

• General Maintenance

  • Changes to the work item status for a standalone task are now being applied when updating from Work management, Active work, View work or Notifications.

Accounts Production

• FRS 102 MLA – Medium & Large Accounts Add On updates

  • A new Check & Finish^(R) notification will warn where the choice of accounting standard and/or size of company is not compatible with the eligible criteria relating to micro, small and medium size entities.

  • The Streamlined Energy and Carbon Reporting note will not be included by default, and a new Check & Finish notification will warn where a company size is set to Large but the Streamlined Energy and Carbon Reporting note is not included.

• General Maintenance

  • The Check & Finish notification that appears when the total for the Average Number of Employees does not match the breakdown in the comparative year will now only be displayed where it is applicable.

  • In some scenarios where the director is appointed after the year and signing the accounts, a rejection was received (‘Generic dimension member (bus:Director) has no associated name or description item'). The director(s) will now be displayed on the Company Information page and submit successfully.

  • Where Investments Properties are selected to be displayed in a separate note, the values for Investment Properties will correctly be displayed in a separate row within Fixed Assets for the comparative period.

  • The Turnover note number will not be duplicated any more.

  • Plant and equipment on depreciation and revaluation will now bring forward into the correct opening balance account.

  • An issue causing notes to not be displayed where there are only postings in the comparative year has been resolved.

  • The relevant Check & Finish notification will display the correct value for Cash and cash equivalents at end of year.

  • In the Statement of Cash Flow, values for new finance leases will be displayed correctly in the repayment of finance leases row in cash flows in the Financing Activities note.

  • The Interest Receivable and Similar Income note will now be triggered correctly when postings to suitable accounts exist.

  • The Share Based Payments note will now be displayed in the correct location within the financial statements.

  • The following online filling errors have been resolved and will now allow the user to file successfully to HMRC.
    -Chris 0 Accounts error – Inconsistent duplicate fact present for ‘CashCashEquilaventsCashFlowValue’
    -Chris 0 Accounts error – OtherInventories requires an instant but its context contains a duration
    -Chris 3314 Accounts error – Inconsistent duplicate fact present for DecreaseFromReversalImpairmentLoss RecognisedInProfitorLossPropertyPlantEquipment
    -Chris 0 Accounts error – FutureMinimumLeasePaymentsUnderNon-cancellableOperatingLeases requires an instant but its context contains a duration

AML Centre

• General Maintenance

  • The Suspicious Activity Report guidance will now return the most current guidance available.

TaxCalc Product Update - version 13.5.763 - Released on 23rd March 2023

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Tax Return Production

• Accounts Production

• Practice Manager

• Practice Manager Plus

• Communications Centre

• General

Tax Return Production

• SA100 & R40 – Individual Tax Return

  • Incorporation of the 2022/23 R40, SA100 Tax Returns and associated supplementary pages for HMRC Forms Mode and SimpleStep^(R), including required updates to calculations, summaries, wizards, HMRC helpsheets and worksheets.

  • 2023 Client Questionnaire is now available.

    • Fixed the header issue not showing on the first page of the Client Questionnaire.

  • Updated the import for rental income from Accounts Production to Tax Return Production to ensure that joint property is taken into consideration.

• SA800 – Partnership Tax Return

  • Incorporation of the 2022/23 SA800 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

  • Updated SimpleStep for the 2023 tax year.

• SA900 – Trust Tax Return

  • Incorporation of the 2022/23 SA900 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

• CT600 – Corporation Tax Return

  • Incorporation of the updated CT600, Version 3 (2023) form.

  • Incorporation of the new CT600N, Residential Property Developer Tax Supplementary pages.

  • Updated SimpleStep for inclusion of the new boxes on the CT600.

  • Inclusion of SimpleStep for the new CT600N, Residential Property Developer Tax Supplementary pages.

  • Update of Corporation Tax calculations for the inclusion of marginal relief for small companies from 1 April 2023.

  • Updated R&D to include the new rate changes for R&D expenditure and RDEC claims (applicable for CT periods starting on or after 1 April 2023).

• Capital Allowances

  • Updated Annual Investment Allowance calculations to account for the extension of the £1,000,000 limit from 1 April 2023.

  • Fixed issues for SA100 and SA800 Tax Returns where blank columns were being brought forward on creation of a new Tax Return for capital allowance purposes.

  • Updated the asset details screen to ensure that the first year allowance data entry box is visible for Corporation Tax Returns starting on or after 1 April 2023.

• HMRC Token Management

  • New option to allow for tokens for multiple offices (requires a PM Plus licence).

  • Notifications when HMRC tokens are reaching their expiration date.

• General Maintenance

  • Unless otherwise stated, changes have been made for the 2023 tax year onward.

• SA100

  • Improvements to the furnished holiday lettings individual property summary and total property summary.

  • Updated marriage allowance transfer rate and addressed typographical errors on the marriage allowance eligibility fetch screens.

  • Updated the data entered summary for wording relating to capital allowances entered in the Short SE pages.

  • Fixed an issue where removing the tick for Student and post graduate loan entries wasn’t removing all data.

  • Included further validations relating to property income, and claiming property income allowance and expenses on different properties.

  • Fixed an issue on the Self employment adjusted profit computation to ensure that the trading income allowance was being deducted as expected (tax return correctly deducted).

  • Made a small adjustment to the import mapping between Accounts Production and Tax Return Production for rental expenses.

  • Removed a validation relating to HMRC Exclusion 57 as this is no longer applicable.

  • Corrected a calculation error on the foreign tax credit relief report when Welsh taxpayer status has been set and the taxpayer is in the higher rate tax bands.

  • Updated wording on the wizard screens for VCT, EIS, CITR, SEIS and SITR claims.

  • Unlocked rental income boxes PRO42 and PRO39 when there are multiple properties.

  • Added a new validation if the maximum amount of rental income losses brought forward are not being utilised in full against rental income profits arising in the year.

  • Updated the SA302 Tax Summary to ensure that negative adjustments relating to capital gains tax are included.

  • Updated the SA302 Tax Summary to ensure that capital gains tax paid is included on the summary when there’s an overall capital loss arising.

  • Updated the SA302 Tax Summary to include dividend tax credits for individuals who are remitting dividends into the UK that carry a 10% dividend tax credit.

  • Fixed a formatting issue on the SA302 regarding underlining when the tax calculation spanned two pages.

  • Fixed a calculation error on HMRC’s SA110 Tax Calculation Summary for box A327 (was not displaying pence).

  • Included additional text on dividend wizard pages and a related dialog box relating to share splits that have taken place during the 2022/23 tax year.

• SA800

  • Fixed an issue where the 5th/10th/15th/etc partner in a partnership wasn’t being included in the Partnership Business Summary.

• SA900

  • 5.21 now automatically populates where in-year losses have been used against gains arising.

  • Updated the tax summary to ensure that future payments on account are displayed when a repayment is due.

• CT600

  • Enhanced the functionality for super deductions claims for Corporation Tax periods starting on or after 1 April 2023.

  • Addressed an issue relating to partial super deductions claims for Corporation Tax periods straddling 31 March 2023.

  • Updated the calculations for ring fenced profits as negative entries were being shown on form CT600 in the Corporation Tax Chargeable section.

  • Updated the calculation for ring fenced profit to ensure the correct rate was being used when marginal relief was being claimed.

  • Updated automatic population of box L166 to ensure that R&D enhanced expenditure relating to ‘Subcontracted to a large company’ expenditure isn’t included.

Accounts Production

• Accounts Production - FRS 102 MLA - Medium & Large Accounts Add-on

  • The FRS 102 MLA add-on allows you to prepare accounts in accordance with FRS 102 for Medium & Large individual companies. As well as the existing FRS 105 and FRS 1021a accounting standards, the accounting standard selection screen contains an option to select FRS 102. For any FRS 102 1a client, there is also the option to select to include options to add any of the disclosures relating to FRS 102.

  • New reports, which include:

    • Cash flow statement – automatically calculated from the trial balance.

    • Strategic report.

• As well as enhancements to the notes for FRS 102 that already exist for FRS1021a, the following new notes have been included:

  • Directors report

    • Change of company name, Qualifying third party pension scheme indemnity, Research & development, Employees, Employee engagement statement, Branches outside the UK, Streamlined energy and carbon reporting, Matters covered in the strategic report, Additional notes.

  • Accounting policies

    • Reduced disclosure exemptions, Investment policy, Exemption from preparing consolidated financial statements, Interest receivable and similar income, Employee benefits, Provisions and contingencies, Cash and cash equivalents.

  • Notes

    • Statement of compliance, Other operating income, Interest receivable and similar income, Auditors remuneration, Investment – subsidiary disclosures, Loans, Share based payments, Financial instruments.

• Further to the above, with the FRS 102 MLA add-on you can:

  • Create custom or standard tables in any of the freetext boxes within the Edit Notes screens.

• Other updates within Accounts Production

  • An option has been provided to show investment property as a separate note. In addition, a new account code has been added to post fair value adjustments (4162-1).

  • A general information note will show as the first note for any new periods created.

  • A new Check & Finish^(R) will warn where a company is limited by shares, but no share capital has been entered.

  • The statement of comprehensive income note has been updated to include more commonly used items.

  • Additional accounts have been added in the chart of accounts:

    • For stocks – Impairment loss and reversal of impairment loss (accounts 1867/1868).

    • Political expenditure (account 3362).

    • Fair value gains/losses on investment properties/investments (accounts 3575/3576/3585/3586).

    • Interest payable on other loans (account 3618), Interest payable to group undertakings (account 3624), Preference share dividend paid (account 3637), Finance chart on provision (account 3646), gains/losses on derivative financial instruments (account 3675), interest capitalised (account 3676).

    • Intangible assets – additional movement account codes for Goodwill – revaluation (account 4008), amortisation on revaluations (account 4009), transfers (account 4009-1), amortisation on transfers (account 4009-2), other cost (account 4009-3), other amortisation (account 4009-4) including the equivalent for Other intangibles (4019 to 4019-4), Development (4029 to 4029-4), Intellectual property (4039-1 to 4039-4).

    • Tangible assets – additional movement account codes for Land and property freehold – transfers (4109-1), depreciation on transfers (4109-2), other cost (4109-3), other depreciation (4109-4), including the equivalent for land and property leasehold (4119-1 to 4119-4), Plant and equipment (4129 to 4129-4), Motor vehicles (4139 to 4139-4), Fixtures and fittings (4149 to 4149-4), Computer equipment (4159 to 4159-4), Investment properties (4169-1 to 4169-4).

    • Investments – additional movements accounts for Investments – Listed - fair value adjustments (4203-1), Provision on revaluation (account 4209), transfers (account 4209-1), provision on transfers (account 4209-2), other costs (account 4209-3), other provision (account 4209-4). including the equivalent for Investments – Unlisted (accounts 4213-1, 4129 to 4219-4), Investments – Other (accounts 4223-1, 4229 to 4229-4).

    • Investments – new account codes for subsidiaries (accounts 4230 to 4239-3), associates (accounts 4240 to 4249-4), joint ventures (accounts 4250 to 4259-4).

    • Loans codes – Other loans (accounts 5110, 5510), Debenture loans (accounts 5120, 5520).

    • Deferred tax codes/disclosures (6105 to 6110).

• General Maintenance

  • Drilling down from the report to an edit notes screen containing more than one edit box, will now link to the correct Edit Notes screen.

  • Hire Purchase and finance leases will refer to Finance leases.

  • Edit note entries for tangible fixed assets – cost or valuation will show correctly rounded to pounds rather than to 2dp.

  • The Average number of employees note will align the figures consistently with other tables in the report.

  • The ‘directors_director’ token has been used in more of the default notes, so that the report will automatically update based on the number of directors.

  • Some options which weren’t being locked as part of the locking of an accounting period will now be locked.

  • Re-submission of accounts will allow for the registrar financial statements to be selected.

  • The number of shares entered in the share capital note will be brought forward from one accounting period to the next if a bring forward notes is performed.

  • The number of shares displayed in the share capital note will include commas to separate the thousands.

Practice Manager

• Client List:

  • Custom Fields can now be added as a column to the Client List to allow a more powerful client management experience. For example, create a custom field for Customer Value, populate for each client and right click to add a column to the client list to show each client's value. The column can be sorted to bring those with the highest value to the top of the list.

• Import client now allows the value for a dropdown Custom Field to be set. Include within the CSV in the usual way by adding a column – the name of the column must match the name of the Custom Field and the values must match those available within TaxCalc at the time of import.

• General Maintenance

  • Changing any drop-down list selection to the first item in the list is now being recognised as an unsaved change.

  • Order report by Custom Field, where this is a drop-down option, no longer returns a blank report.

  • Adding specific columns to a report, within the report result view, no longer returns a blank report.

Practice Manager Plus

• General Maintenance

  • Expanding jobs in work management displays the tasks within the job on all occasions.

  • Changing the assignation for a task within a job from a team to unassigned recognises the change.

  • Applying a job template to a job, where the job assignee is unassigned, correctly sets the task assignee.

Communications Centre

• Notifications

  • Reminder approaching – a notification will appear a few days before record request reminders will be generated, to provide an opportunity to update the work status should records have already been received and to prevent a reminder being generated unnecessarily.

  • Records received – a notification will appear a couple of weeks after the work status has been changed to Records Received, to prompt you to consider whether work can now start.

• Client Record

  • Automation settings now includes a quick link to ‘Send Email’ directly from the relevant automation, when the status indicates a reminder has been generated.

• Admin Centre

  • The template used for the reminder is now shown (as well as the template used for the initial records request).

• General Maintenance

  • A problem causing request records automation to be unable to generate messages consecutively, has now been resolved.

  • An issue causing reminder automation to be unable to generate reminders for other clients with the same period once one client has received the records, has now been resolved.

General

• On MAC OS Ventura, when reports are exported and Word and/or Excel are not installed, a warning will appear.

TaxCalc Product Update - version 13.1.008 - Released on 9th December 2022

Please note: 

• For Customers who have not already updated to Version 13 or who are MAC users, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Accounts Production

Accounts Production

• General Maintenance

  • Resolved an issue where the statutory Profit & Loss Account incorrectly referenced Tax on Profit as Tax on Loss.

TaxCalc Product Update - version 13.1.006 - Released on 5th December 2022

Please note: 

• For Customers who have not already updated to Version 13 or who are MAC users, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Tax Return Production

• Accounts Production

• Companies House Forms

• Practice Manager

• Communications Centre

• General

Tax Return Production

• SA100 / SA800 / SA900 Tax Returns

  • An issue relating to Mac Ventura OS which prevented the successful submission of Tax Returns where ‘Additional information’ is populated has been fixed.

  • It is now possible to enter zero in the ‘Tax on UK Property Disposal Return’ or ‘Tax on Real Time Transaction Reporting’ boxes without causing an online submission failure.

  • Real Time Transactions boxes CGT21, CGT29 and CGT37 were incorrectly adding gains to losses instead of deducting which was causing online submission failures.

  • The Check & Finish error message relating to duplicate UTRs for a Partnership and its partners has now been updated to include the Partnership UTR.

  • A new validation has been added to warn users that the number of properties box on the Land and Property pages must be between 1 and 99.

    • If zero is entered, this is removed from the online submission of the Tax Return to ensure the Return will file successfully.

  • Form HS300 calculations have been updated where a capital gains tax adjustment has been entered and there’s a gift aid charge.

  • Form R185E has been updated to ensure that users can step through to page 3 of the form.

  • Box 20.2 on the Individual Property pages has been updated to ensure it isn’t locked when there are multiple ‘other’ properties.

• CT600 Corporation Tax Returns

  • Group Loss Relief relevant maximum has been updated to correct a validation error message showing when account period dates for the surrendering company haven’t been entered.

  • Import from Accounts Production has been updated to ensure that adjustments are refreshed when the amounts are zero.

  • Import from Accounts Production now takes into consideration a cessation date for the trade where it ceases before the end of the accounting period.

  • R&D SME PAYE boxes have been updated to exclude pence as pence entered was causing online submission failures.

  • Help links relating to some R&D boxes have been implemented.

  • Help links relating to CGT Transactions have been implemented.

  • Special Rate Pool has been updated so the balance of cost after a Special Rate First Year Allowance claim has been made is carried forward rather than being available for WDAs in the same year.

  • Updated the warning message when Freeport Supplementary pages are deleted.

  • Ensured that Freeport asset details are all retained on rolling forward to the next Corporation Tax Return.

  • Updated box 830 relating to non-trading losses on Intangible Fixed Assets to ensure that losses brought forward are not included.

• HMRC Forms

  • HMRC form SA303 text and available years have been updated to bring it up in line with the current tax year.

Accounts Production

• General Maintenance

  • Resolved an issue where large volume of data resulted in the Audit trail and Nominal ledger reports being unable to produce the report.

  • Profit & Loss Account lead schedule will remove the ‘Tax on Profit’ line item when the option is selected to exclude tax on profit from Trading Profit & Loss Account.

Companies House Forms

• General Maintenance

  • Confirmation statement (CS01) will reflect the correct details for share transfers.

Practice Manager

• Client List

  • Within Practice Manager > Client/Contacts, the client/contact list view has additional columns to show the following (right click on the column headings or go to Select Column View > Manage Column Views to add):

    • Latest Accounts Period/Status/Deadline

    • Latest CT Period/Status/Deadline

    • Latest VAT Period/Status/Deadline

    • Latest CS Date/Status/Deadline

  • Default column views which include columns; Code/Client Name/Client Type/Latest Period or Date/Latest Status/Latest Deadline are available for the following (go to Select Column View > Manage Column Views):

    • Accounts

    • Tax SA (includes Code/Client Name/Client Type and Status only)

    • Tax CT

    • VAT

    • Confirmation Statement

  • The Period/Date columns include a link that opens the corresponding period/Form within the related module.

  • The Status columns include a link that opens the status dialog for the ‘Latest’ period/date.

• General Maintenance

  • The list of columns displayed within the column selection has been updated to move old tax years in to a sub-folder.

  • The list of columns displayed when customising your client list view has been updated to show tax years in the order latest > oldest.

  • The Company Form Status dialog now includes the ‘Date’ of each form.

Communications Centre

• Request Records Reminders

  • An option is available (Admin Centre > Applications > Customise Communications Centre > Automated Message Settings) to allow a Reminder email to be generated for each request records automation, where the records have not yet been received. The email will be generated based on the offset specified e.g. 14 days from the date the previous request for records was sent.

    • Reminders can be set with a different template to the original request.

    • Reminders can be turned on for all or specific clients.

    • Reminders are generated and displayed within the Pending queue, identified by the Message type referring to ‘Reminder x’.

    • Reminders are generated until the work status is changed to ‘Records Received’ (or the last generated reminder email is cancelled).

  • The client record will:

    • Show the current status for the request for records (inc. reminders) within Automated Message Settings.

    • Record all request for record reminder emails (along with initial request emails) within Communications Activity.

  • Default Request for Record Reminder email templates are available for Accounts, Tax SA, VAT and Confirmation Statement.

• Communications Summary

  • The Sent Messages widget has been updated to include a counter for; Total Pending Requests, Total Pending Reminders, Total Scheduled Message (as well as Sent Messages - last 30 days).

  • The Pending Record Request widget has been updated to include ‘Reminders’. The counters show the number of request and reminder emails (for each work type) within the Pending queue.

  • The Automation widget has been updated to include the status of Reminder automation (for each work type) and how many clients have the Reminder automation on/off.

• Notifications

  • A notification will now be generated when a Scheduled message (waiting in the Pending queue) becomes due. The notification will appear for any user with a Communications Centre licence and who is the specified from ‘sender’ (or has access to a the shared from email account).

  • A notification will now be generated when Request for records/reminder emails are generated (waiting in the Pending queue). The notification will appear for any user with a Communications Centre licence and who is the specified from ‘sender’ (or has access to the shared from email account).

  • A notification will appear for all users with a Communications Centre licence where Request for record/reminder automation has not been activated. The notification can be dismissed should the use of this feature not be required.

General

• In certain circumstances, a small number of users experienced an error when upgrading to the latest TaxCalc release, which has now been resolved.

TaxCalc Product Update - version 13.0.054 - Released on 2nd November 2022

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product summary

• Tax Return Production

• Time

• Accounts Production

• General

Tax Return Production

• Resolved an issue where Class 2 National Insurance was not always being calculated when a user requests to pay voluntary Class 2 NIC contributions. Please review any returns generated on v13.0.045.

Time

• Resolved an issue where some users were unable to add client time logs directly within the Time Module. All other ways to log client time logs were unaffected.

Accounts Production

• A ‘Browser not supported’ error when connecting to QuickBooks Online has been resolved.

General

• In certain circumstances, users experienced an error when upgrading to the latest TaxCalc release which has now been resolved.

TaxCalc Product Update - version 13.0.045 - Released on 20th October 2022

Please note: 

• For Customers who have not already updated to Version 13, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Tax Return Production

• Accounts Production

• Companies House Advanced Integration

• Company Incorporator

• AML Centre

• Practice Manager

• Practice Manager Plus

• Communications Centre

• HMRC Forms

• VAT Filer

Tax Return Production

• SA100

  • New Feature: Users can now import rental income accounts from Accounts Production directly onto the Individual Tax Return Property pages.

  • Updated the 2022/23 WhatIf Planner Class 4 calculations following the fiscal statement announcement on 23 September 2022.

  • Updated the 2022/23 WhatIf Planner student loan plan 1 and plan 4 thresholds.

  • Fixed an issue when fetching Employment data from HMRC, where the results were not being displayed as expected on screen.

  • Added the ability for users to be able to select multiple offices from a dropdown list in the agent details screen in ‘other information’.

  • Added HMRC Exclusion 121 - Relating to ordering of allowances (Tax Year 2022).

  • Provided more information for common HMRC errors received when submitting Individual and Corporation Tax Returns online.

  • Provided more clarity when the Client Questionnaire is unable to generate for a specific client (or clients).

  • Updated the years on the SA302 Summary for underpaid tax included in a tax code.

  • Fixed an issue where, on occasion, a refreshing issue relating to Class 2 National Insurance was causing a calculation error when the Tax Return was submitted online.

  • Corrected an issue where the country code checker in the Foreign income section was stating 'There is no existing double taxation agreement in place' for the majority of countries listed.

  • Updated the help link for Class 2/Class 4 National Insurance.

  • Updated the help link for CGT Real Time Transaction Tax Return.

  • Updated Land & Property Forms mode to ensure it is locked if there are multiple FHL or Other property records in SimpleStep.

  • Fixed an intermittent issue with Macs and importing Tax Returns where there are Capital Gains Tax entries.

  • Corrected a spelling error in the WhatIf Planner under the Add/Edit Capital Gains section.

  • Updated the description of the WhatIf Planner data entry box for 'Retirement lump sums' as this should refer to 'Redundancy and other lump sum payments'.

  • Updated the logic to ensure that the 'Tax on gains already charged' box is shown in Capital Gains Tax for a non-resident person, even if the date of acquisition is after 05/04/2019.

• CT600

  • New Feature: Addition of CT600M Freeport Supplementary pages.

  • Updated the rate for loans to participators where the accounting period straddles 5/4/16 and the loans to participators wizard is being used.

  • Updated the routing in SimpleStep for some pages as, on occasion, the routing was taking users to the Northern Ireland version of some pages.

  • Updated the trading losses screen to aid users when a claim for R&D or creative tax credits is also being made.

  • Provided additional validations if the PAYE reference (box L168A) is not in the correct format for online filing.

  • Updated the tooltip for PAYE reference box L168A on the R&D Supplementary pages.

  • Updated the validation for R&D SME PAYE cap to ensure that it takes into consideration short periods of account.

• Capital Allowances

  • Enhancements for the addition of Freeport Structures & Buildings Allowance (SBA) and Freeport Plant & Machinery Enhanced Capital Allowances (ECA).

  • Updated the AIA limits in line with the budgetary changes.

  • Addressed some issues relating to the disposals of Structures and Buildings Allowance assets.

  • Updated the CT600 Capital Allowances grid to ensure that asset names for single pool assets are displayed.

  • Fixed an issue on the CT600 for box 775 which was incorrectly including a deduction for the cost of assets where a Special First Year Allowance was also being claimed.

  • Addressed rounding issues that can sometimes occur where a super deduction claim is being made.

  • Updated the CT600 Capital Allowances Manual Grid to ensure that row descriptions and column headings are always visible to enable easier use of the grid.

Accounts Production

• Limited Liability Partnership (LLP) Statement of Recommended Practice (SORP) update

  • We have updated Accounts Production for the revised SORP for LLPs for accounting periods starting on or after 1 January 2022.

    • The term ‘partners profit allocation’ has been updated to refer to ‘members division of profit’ to be line with the current SORP.

    • Standard text for the following have been updated to refer to the recent SORP December 2021:

      • Basis of preparation – Accounting policy.

      • Opinion (Qualified/unqualified) – Auditor’s report.

• Other improvements

  • Edit mode in the financial statements will now enable account descriptions to be drilled into, allowing for them to be edited directly from the report output. The account number will be displayed so the account number can be easily identified.

  • The Audit Trail, Nominal Ledger and Trial Balance reports will only display ‘unallocated’ amounts to indicate residual amounts not allocated to officers, rather than where an account has no postings to any officers.

• Improved error handling of bookkeeping errors

  • Where an import/export results in an error, a more detailed error code provided by the connected bookkeeping app will be displayed.

• General Maintenance

  • The following issues have been resolved:

    • Note numbers will be in sequential order for the Registrar Financial Statements.

    • Posting batches that have been exported to third party bookkeeping providers can now be deleted successfully.

    • Hyperlinks relating to directors within supporting schedules will return the user to the supplementary report correctly.

    • Changes in report terms will be reflected in the Detailed Balance Sheet for accounts prepared under FRS 105.

    • Tax Production will import the rounded profit value from Accounts Production rather than the unrounded figure.

    • Rounding issue resolved where overdrawn director's loan accounts were not displayed correctly in full financial statements.

    • An issue where the import from FreeAgent incorrectly displayed account codes with sub-accounts has been resolved.

Companies House Advanced Integration

• When syncing an address within the Companies House sync, a warning will be displayed before updating a shared address (registered office/service).

• When selecting the current officers filter, past officers will be removed so that it shows only the current officers.

Company Incorporator

• It is now possible to edit the prescribed particulars attached to the share class.

• Check & Finish validations have been added to help prevent conflicting information being provided for the Person of Significant Control (PSC) at Incorporation. Validations have been added for the following scenarios:

  • Where the prescribed particulars attached to all classes of shares state they have voting rights but any of the PSC of the company are confirmed to have ownership of shares but not voting rights within the nature of control.

  • Where the prescribed particulars attached to all classes of shares state they have voting rights (i.e. they use the default wording for prescribed particulars) but any of the PSC of the company are confirmed to have voting rights but not ownership of shares within the nature of control.

  • Where a shareholder owns >25% of share capital, and the same shareholder is also a PSC, a Check & Finish warning will be displayed if the PSC has not declared ownership of shares within the nature of control.

AML Centre

• The Search sanctions list will return the most current sanction list available.

• AML ID check – improved messaging when registration is not completed by the user.

Practice Manager

• Client Record

  • Select ‘Open Client/Contact’ from within the Relationships page on any client for quick access to the related client's record.

• Bulk Actions

  • An option has been added to the Practice Manager client/contact sub-menu to allow users to bulk assign a Portfolio Manager to multiple clients at the same time.

• Report Manager

  • It is now possible to include a column on all reports to show which clients have been ‘Archived'. (Please note, you must first make a selection to include archived clients within the report via the Client Selection screen, only applicable for ‘Specific’ or ‘Advanced’ client selection).

  • It is now possible to include column(s) on all reports to show Relationship information (type, name, commencement date, cessation date and main contact) for all relationship/client types.

    • A default ‘Relationship Report’ has been provided.

  • A Search has been added to Report Customisation to allow users to search the available columns.

• Data Mine

  • An option has been added to Practice Manager at the top of the client/contact list named 'More Filters', which allows quick access to data mine for filtering of the list of clients/contacts shown.

  • New conditions have been added to data mine, to be able to filter client/contacts on Relationship information (name, commencement date, cessation date, and main contact, in addition to the existing condition for Relationship type).

• Mail Merge

  • A Mail Merge can now be populated with client data entered within any Custom Field (including a new Dropdown field type, see below).

• Custom Fields

  • A new type of Custom Field has been added allowing a dropdown selection of pre-defined choices to be created and added to each client record. The dropdown field will also be available within Data Mine, Report Manager, and to populate a mail merge or email.

  • The length of the field for custom field type ‘Text’ has been increased.

Practice Manager Plus

• Workflow

  • Where a Job has been created from a Template and changes are made, an option is now available within the Recurrence settings to recur the Job with those client specific changes, rather than revert back to the template settings. Where changes have been made and the option has not been selected, a prompt will appear asking how you want the Job to recur.

  • The Job Templates table within Admin Centre > Customise Practice Manager now shows the number of ‘Active Jobs’ using that template, with a link to Work Management showing a filtered list of the related jobs.

• General Maintenance

  • Within active work on the client record the completed filter now displays the completed jobs or tasks in all situations.

  • When using a template to create a Job, the dates applied to the first task are now set correctly on recurrence.

  • When creating a Job, reminders are now set correctly for non-default templates.

Communications Centre

• Emails can now be populated with client data entered within any Custom Field (including a new Dropdown field type, see Practice Manager > Custom Fields above).

• Categories can now be created within the Mailing Lists screen to group together similar types of client lists for quick and easy access.

• General Maintenance

  • A Mailing List will now be shown within the Mailing List table where 0 recipients are returned. This allows a dynamic list to be created (using Advanced client selection) before updating the criteria required to add clients to that list.

  • The Merge Field ActiveTaxYear20XXXY will no longer display '0th'.

HMRC Forms

• Updated HMRC's address on Form SA1.

VAT Filer

• Updated the VAT Report to ensure that Direct Debit instalments are shown.

• Addressed a refresh issue when fetching payments & liabilities that would sometimes occur, resulting in the need to navigate away and then return to the Payments and Liabilities screen.

• Addressed HMRC's restrictions when sending older VAT Returns via MTD to ensure that this is now possible.

TaxCalc Product Update - version 12.4.009 - Released on 30th August 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product summary

• Practice Manager

Practice Manager

• Improved screen responsiveness when creating and editing tasks from within work management and active work where clients have portfolio manager specified.

TaxCalc Product Update - version 12.4.002 - Released on 8th August 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product summary

• Accounts Production

• Practice Manager

• Tax Return Production

Accounts Production

• A technical update has been made to ensure that the Xero connection and links continue to work as required by Xero’s terms and conditions.

Practice Manager

• All jobs and tasks will be shown by default within the Work Management screen, with filters and column sorting applied to the full list when selected. The option to show the list of jobs and tasks in pages has been removed.

Tax Return Production

• WhatIf Planner: Updated the maximum Class 4 amount due.

• The import from Accounts Production to Self-employment Short pages no longer shows other income as an expense.

TaxCalc Product Update - version 12.3.217 - Released on 18th July 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Practice Manager

Practice Manager

• Jobs and tasks now correctly appear within the outstanding work dialog

TaxCalc Product Update - version 12.3.214 - Released on 11th July 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• General
• Tax Return Production
  • Dividend Database
  • WhatIf Planner
• Accounts Production
• Companies House Forms
• Company Incorporator
• AML Centre
• Practice Manager
• Practice Manager Plus
• Communications Centre
• HMRC Forms
• Batch Filer

General

General maintenance

• Licencing. Where the number of licences for Practice Manager Plus, Communications Centre or Time have exceeded the permitted user limit, it will now be possible to select 'Manage Licences' (when prompted, permissions permitting) to remove the required number of users, to continue using the related products.
• General graphical improvements when using Dark Mode on Mac operating systems.

Tax Return Production

• Dividend database for 2021/22 is now available
• WhatIf Planner for 2022/23 has been updated and is now available

SA100 Tax Return Production

• Introduced a new comprehensive Foreign Tax Credit Relief summary.
• Added the ability to enter 100% UK FHL or Other Property Income and expenses onto a tax return and then apportion the values according to the individual's share. The total property income can be exported to another return in the case of joint income.
• Added a new Adjusted Profit Computation summary for self-employment income.  
• Added the ability to import into the Short Self-employment pages from Accounts Production, adding to the existing ability to import into the Full pages.
• Added the ability to Import dividends from Accounts Production directly into directors' tax returns

General maintenance

• Fixed an issue where personal product tax customers were no longer able to see the 2013 tax year on their tax interface.
• Update to some HMRC helpsheets following receipt of the final forms for 2021/22 Tax Year.
• Joint import for UK property was not importing freeport structures and buildings allowance, structures & buildings allowance or electric charge point values. This has now been fixed.
• Removed reference to 'Additional information' on page Ai4 as it was no longer relevant.
• Fixed an issue where the print preview for capital allowances wasn't showing the column heading for Freeport structures & buildings allowances.
• Inclusion of HMRC's exclusion 136 relating to income from a settlor interested trust, where the tax due on the income is less than the notional tax.
• Wording update on the Filing By Internet screens to make it clearer on next steps.
• Update to SimpleStep screens which were referencing 'Entrepreneur's Relief', rather than 'Business Asset Disposal Relief'.
• Typographical error fixed in HMRC's Tax Calculation Summary.
• SA100 property summary was not displaying finance costs utilised in the year. This has now been fixed.

SA800 Tax Return Production

• Commencement and cessation dates will now be populated in a Partnership tax return if details have been entered in Practice Manager and relate to the year of the return.

SA900 Tax Return Production

• Corrected an error which was preventing online filing where the repayment to nominee had been completed.

CT600 Corporation Tax Return

• Default tax credit percentage for film tax relief has been updated to 25%.
• The Check and Finish warning relating to creative enhanced expenditure and boxes 650 and 655 has been removed as it is not required.
• Updated box L166 (R&D SME expenditure) to remove pence as this would cause an online submission failure.
• Resolved an online submission failure where a company registration number had been entered in the accounts.
• Update to the Property Capital Allowances manual grid to allow for AIA and special rate claims.
• Update to the Creative Tax Credit relief section to include Children's Television Tax reliefs and rate changes for Cultural tax credit rate increases.
• Update to the Loans to Participators section, to take into consideration the new rate for loans taken out from 6 April 2022 of 33.75%.
• Updated R&D Supplementary pages and validation messages to support HMRC's new CT schema, due for release during Summer 2022.
• Additional Check and Finish messages added to aid users where HMRC's live filing system is not validating returns correctly. These Check and Finish messages will be removed when HMRC have confirmed that their live online filing system has been updated. This affects the following areas (in certain circumstances):
  • Loans to participators where the loan was taken out on or after 6 April 2022.
  • AIA claims where the period end is after 1 January 2022 and is in excess of HMRC's current limits (HMRC are still applying a rate of £200,000 post 1 January 2022).
  • Various RDEC and R&D SME relief scenarios (for more information please see HMRC's Corporation Tax service and availability page).

Accounts Production

• Directors loan accounts. New reports have been added to detail the split of directors balances:
  • Directors' loan account additional lead schedule.
  • Directors loan account supplementary report, summarising each director's balances.
• The Nominal ledger and Audit trail reports will include an additional column to show postings, which have be made to Directors/Partners/Members.
• The trial balance will now show the split of postings made to Directors/Partners/Members in all scenarios.
• LLP members' profit shares can be entered as specific monetary values as opposed to percentage amounts.
• The Auditor's Responsibilities for the Audit of Financial Statements have been updated for accounting periods commencing after 1 February 2020 to implement the new prescribed wording as per the FRC 2021 Bulletin.

     General Maintenance

• Attaching accounts to a CT600 will no longer receive the '3315 Accounts Generic Dimension Member (bus:Director) has no associated name or description item’ error, which was being displayed in certain scenarios. 
• Attaching non-resident landlord accounts to a CT600 will no longer receive the '1606 TheUKcompaniesHouseRegisteredNumber in the accounts must match the registered number in CT600' error.
• The Partner's Capital Accounts note in a partnership will show the profit shares correctly for partners with a Joint Capital Account.

Companies House Forms

• The AA01, AA06, AD01, AP01, SH01 forms have been updated as a result of Companies House introducing revised versions from April 2022. NOTE: Companies House will continue to accept the previous versions of these forms, however the inclusion of revised forms will ensure you are using the most up to date version of the form(s).
• When filling an SH01 form, the 'Nominal value must be greater than zero' error will no longer occur when the share value has more than 2 decimal places.

Company Incorporator

• Check and Finish will include a validation message if the post town is missing from the service or residential address.

AML Centre

• The sanctions list will now return the most current sanctions list available.

Practice Manager

• An option is now available when right-clicking on a record in the Client/Contact list to 'Send Email' (where a valid Communications Centre licence exists).
• Work Management Filters have been updated:
  • The last filters set within Work Management are now retained when closing and re-opening TaxCalc.
  • The Work Management table can now be filtered by Portfolio Manager.  Select a Portfolio Manager and the list will be filtered to show Jobs and Tasks for all clients where that Portfolio Manager has been allocated.
• New conditions have been added to data mine for:
  • Services Rendered, to allow identification of clients with or without a service offered.
  • Birthday, to allow identification of clients with a specific birthday day/month or just within a particular month.
  • Tax Return Production, to allow identification of clients with overlap profits to carry forward in the 2021 and 2022 tax years.
  • Tax Return Production, to allow identification of turnover/gross income for clients with self-employed and property income (UK & foreign) in the 2020, 2021 and 2022 tax years.

• Mail Merge: New data fields (merge fields) have been added for the following:

  • Portfolio manager (full name & first name).
  • Usual Year End (client record).
  • VAT registration number (client record).
  • VAT registration date (client record).
  • VAT period basis (client record).
  • VAT period end (client record).
  • Latest Accounting Period End - created for the client.
  • Latest VAT Period End - created for the client.

General Maintenance

• The option to 'Send Letter' when right-clicking on a record within the Client/Contact list will now allow the list of mail merge letters to be filtered by any custom category.
• Mail Merge field 'CT_end_dateplus_9_month_an_1_day' now calculates correctly for all dates.
• Day date fields within data mine conditions will now show content in full for all days.
• Performance improvements have been applied to the work management table.

Practice Manager Plus

• Improvements have been made to the Job wizard as follows (all functionality has been retained):
  • Wizard now starts with a single question 'Would you like to use a template to create this Job?'
  • Updated layout to streamline content and reduce the number of pages.
  • Tasks now appear on a single page, allowing selections for each task to be more easily compared/reviewed against each other.
• It is now possible to set Portfolio Manager as the default Assignee on a Job Template, which will then automatically assign the Job/Task to the appropriate user when the Job/Task is created for a client.
• A prompt will now appear when completing a task to give the option to complete all previous tasks (where applicable).
• Within Job Templates in Admin Centre, additional key information is now shown within the Job Template table to add key information for easier identification.

General Maintenance

• Users without a Practice Manager Plus licence will now appear within the list of assignees when creating a Job or Job Template. When selected, a prompt will appear to allow the users to 'manage licences' to allow licence allocation to be reviewed/updated.

Communications Centre

• It is now possible to set a personalised email signature on each mailbox (firm/user). Each signature can include text, images and embedded links. 
• When composing an email or email signature, additional formatting options are now available:
  • Choice of font family (practice defaults available).
  • Set font size  (practice defaults available).
  • Select font colour (and background colour for highlighting).
  • Insert images.
  • Set text and images as a link with embedded hyperlinks.

• New data fields (tokens) have been added for the following:

  • Portfolio manager (full name & first name).
  • Usual Year End (client record).
  • VAT registration number (client record).
  • VAT registration date (client record).
  • VAT period basis (client record).
  • VAT period end (client record).
  • Latest Accounting Period End - created for the client.
  • Latest VAT Period End - created for the client.

General Maintenance

• When filtering the Message Activity table by date, all sent emails will now order by year/month/day.

HMRC Forms 

• Updated form VAT1.
• Updated form 64-8.

Batch Filer

• Resolved issues where Batch Filer was intermittently crashing during a filing cycle.

TaxCalc Product Update - version 12.2.108 - Released on 26th April 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update. If you experience problems with the in-app update you can log into the TaxCalc website and download the installer from “My Account” or please contact our Support team on support@taxcalc.com for further assistance.
• This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns

Product summary

• Accounts Production

Accounts Production

• The PDF output of the Full Financial Statements of Registrar Financial Statements will display the page numbers correctly, without displaying a page number in the heading of the contents page.
• The multiple year trial balance will be displayed correctly without displaying 'unallocated amounts' where there are postings made to accounts which could have directors allocated to them.

TaxCalc Product Update - version 12.2.106 - Released on 31 March 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update. If you experience problems with the in-app update you can log into the TaxCalc website and download the installer from “My Account” or please contact our Support team on support@taxcalc.com for further assistance.
• This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

Product summary

• Accounts Production

Accounts Production

• When importing from Accounts Production to the CT600 all figures will be imported as expected.
• For a limited company where the advanced rounding rules aren't applied, amounts relating to Directors current account/Directors loan account balances (5800, 5400, 5401, 5402) will be included in the balance sheet and associated notes as expected.
• Existing CT600 returns will no longer show an unexpected check and finish warning relating to non-resident landlords.

TaxCalc Product Update - version 12.2.101 - Released on 28 March 2022

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update. If you experience problems with the in-app update you can log into the TaxCalc website and download the installer from “My Account” or please contact our Support team on support@taxcalc.com for further assistance.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns

Product summary

• Tax Return Production
• Accounts Production
• Communication Centre
• Practice Manager
• Companies House Forms
• eSign Centre

Tax Return Production

Updates to the transaction headers used when communicating with HMRC have been performed in line with the latest HMRC requirements.

SA100 & R40 – Individual Tax Return

• Incorporation of the 2021/22 R40, SA100 Tax Returns and associated supplementary pages for HMRC Forms Mode and SimpleStep. Including required updates to calculations, summaries, wizards, HMRC helpsheets and worksheets.
• 2022 Client Questionnaire is now available.

SA800 – Partnership Tax Return

• Incorporation of the 2021/22 SA800 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.
• Updated SimpleStep for the 2022 tax year.

SA900 – Trust Tax Return

• Incorporation of the 2021/22 SA900 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

CT600 – Corporation Tax Return

• Incorporation of the updated CT600, version 3(2022) form.
• Incorporation of the updated CT600L, Research and Development Supplementary pages.
• Updated SimpleStep for inclusion of the new boxes on the CT600 and CT600L Research and Development Supplementary pages.

Capital Allowances

• Annual Investment Allowance calculation update for the extension of the £1,000,000 limit to 31 March 2023.
• New asset types for 'Zero emission cars' and 'Freeport Structures & Buildings Allowances' for Self Assessment Individual and Partnership Tax Returns.
• New additions and disposals report included on the Corporation Tax computation for Corporation Tax periods ending on or after 1 April 2021.
• Corporation Tax Capital Allowances manual grid for trading and property companies now includes separate boxes for super deduction and special rate first year allowance claims.

General Maintenance

Unless otherwise stated, changes have been made for the 2022 tax year onward.

SA100

• General presentation improvements and additional fields for new Capital Allowances categories made to the self employment summary.

SA900

• Updated the validation message relating to total taxable gains to ensure that all gain boxes are included to avoid errors.

CT600

• Resolved a filing issue where a low emission car was purchased during the year and there was a general pool.
• Resolved some general issues relating to the Corporation Tax Capital Allowances manual grid.

Accounts Production

• Prepare non-resident landlord company accounts with non-Companies act specific FRS105 or FRS1021A accounts, to create the iXBRL accounts for submissions to HMRC.
• The FRC 2021 and DPL 2021 iXBRL taxonomies have been updated for periods ending after 31 March 2022 for submissions to both Companies House and HMRC.
• Rounding enhancements have been made for new accounting periods, additional 'Advanced rounding rules' will be applied, correcting more rounding differences between 'brought forward' and 'carried forward' balances in the following accounts:
  • Profit and loss reserve (Ltd)
  • Capital accounts (sole trader/partnerships)
  • Loans and other debts due to members (LLP)
  • Reserves
    • Share premium (Ltd)
    • Revaluation reserve (Ltd, LLP)
    • Capital redemption reserve (Ltd, LLP)
    • Other reserves (Ltd, LLP)
    • Fair value reserves (Ltd)
    • Called up share capital (Ltd)
  To apply the additional advanced rounding rules to existing accounting periods, within the posting screen an option is available: 'Apply latest updates to advanced rounding rules'.
• The Partner’s profit allocation notes screen will display the unrounded profit that can be allocated to members, rather allocating the rounded profit.
• LLP rounding updates have been made to prevent discrepancies within the reconciliation of members interests and the balance sheet not balancing.

General Maintenance

• The presentation of the declarations at the foot of the Balance Sheet have been updated for Limited Companies and LLPs.
• Accountant's reports for ICAS have been updated as per the new ICAS guidance.
• The accountant’s reports have been updated to include a standardised formatting of space for signatures for all business types.
• Check and Finish now includes a validation message where a Balance Sheet does not balance for Sole Trader and Partnerships.
• A Check and Finish message has been added to highlight a situation where an account in the range 6100 to 6104 has a debit balance, as alternative codes exist in the chart of accounts for Deferred tax assets (account codes 4460 and 4560).
• The Balance Sheet for LLPs applying FRS 105 has been updated to remove postings to account 3580 and 3581 from the calculation of Profit & Loss account.
• Director’s advances, credits and guarantee note will display the director's details correctly without duplication where there has been a change to the director’s personal details.
• Financial statements will export correctly in portrait rather than landscape where the date column is included on the Audit trail/Nominal ledger.
• Postings to provisions and liabilities, deferred tax (account code range 6100 to 6104) will be displayed correctly in the notes to the financial statements where there is a debit balance in the previous year and a credit balance in the current year.
• An issue causing the dividend note to not display the comparative dividend if there are no dividends paid in the current year has been resolved.
• Resolved an issue where the financial statements displayed page numbers on the cover page.
• Opening balances will correctly be brought forward where postings are allocated to a corporate director.
• Importing a trial balance from Xero connects to the correct client, rather than connecting to a different/previously selected client.
• Disconnecting a client from a third party bookkeeping provider (Xero/FreeAgent/QuickBooks) will successfully disconnect without crashing.
• The review screen before exporting the journal into FreeAgent will display account codes and descriptions into the relevant columns.

Communication Centre

General Maintenance

• Updates made to security permissions to allow more control over the use of mail merge templates from within Communication Centre.
• Improvements made to message automation for requesting records for VAT to make sure emails are added to the pending queue in all situations.
• Added confirmation when deleting sent emails to prevent unwanted deletion.

Practice Manager

• Added a shortcut within the main client list to search/send a mail merge letter to a single client without the need to create a mailing list in Communications Centre.
• A new filter criteria has been added for 'Clients & Contacts' to show all records within the client list and allow a search on both at the same time.
• An option is now available within the client records for Limited Companies to specify 'Company is a Non-Resident Landlord'. Selecting this option will allow Non-residential corporate landlord accounts to be generated which can then be submitted with the Corporation Tax (CT600) return.
• Client Questionnaire has been updated for 2021/2022 tax year.

General Maintenance

• Updates made to allow access to password protected clients in VAT Filer and Company Incorporator when using double-click from client selection.
• Calculation for usual year ends of 29 February will now be applied as expected when using all jobs templates.
• Maintenance has been carried out to job calculations for:
• Deadline date basis offset when using unit offsets to ensure the date is correct in all situations based on client information.
• Confirmation statement statutory deadline and usual year end date basis offsets to ensure the date is correct in all situations based on client information.
• Jobs created using all job templates will now show a default time of 9:00am.
• Update made to ensure the 'use work association to calculate the job dates' checkbox is displayed correctly in all job templates.
• Clients with mail merge generated events within the Communication Activity can now be deleted.
• Additional 'My Dashboards' are no longer being created multiple times.

Companies House Forms

General Maintenance

• Confirmation statement, Section 4 will list shareholders in the alphabetical order. 
• PSC01 will hide the day of the date of birth for Persons with Significant Control.
• SH01 will display shares allotted on a specific date when entering just the 'From Date', without requiring an entry of a 'To Date'.
• When selecting to 'Print the form', the preview of the form remains open in the forefront rather than displaying in the background.

Companies Incorporator

General Maintenance

• Polling for a company incorporation submission via Notifications will retrieve the correct response from Companies House rather than returning a transaction error.

eSign Centre

• Updated third party advisory for customers sending their first envelope within the eSign envelope.

General Maintenance

• Envelopes with a status of cancelled, expired or signed can now be deleted.

TaxCalc Product Update - version 12.1.021 - Released on 21 December 2021

Please note:

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Tax Return Production

Tax Return Production

• Password Encrypted Tax returns were not prompting for the password when being opened. This results in the program refusing to open them. This issue has been resolved.

TaxCalc Product Update - version 12.1.020 - Released on 16 December 2021

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Tax Return Production
• Accounts Production
• Companies House Forms
• Company Incorporator
• Communications Centre
• Practice Manager
• eSign Centre

Tax Return Production

General Maintenance

The following issues have been resolved:

CT600

• TaxCalc locking up when choosing a signatory on a CT600 Tax Return.
• Box L35 on the R&D Supplementary pages was being populated with the value of income tax deducted (box 515 on the main form), even when R&D Supplementary pages were not required.
• An error message incorrectly advising that the first year allowance claimed is too high was being shown on brought forward assets.
• Small cosmetic changes to the capital allowances computation relating to super deduction and special rate first year allowances.
• First year allowance box was showing incorrectly on asset types for CT600s with a period end post April 2021.
• Updated the ordering of the asset types in the Capital Allowance calculator for CT600s with a period end post April 2021.
• Fix to ensure that the AIA wizard doesn't include additions that have had a first year allowance claim made on them.
• A filing error was occurring for property businesses where there was a General Pool addition.

Individual Tax Returns

• A validation message was shown in error for the partnership full pages of an individual's Tax Return where there was a loss arising and SEISS income.
• Accessing the partnership management section in the individual Tax Return was causing a crash if a Partnership Tax Return did not already exist.
• Scottish taxpayer pension tax charge calculation has been corrected where the taxpayer is in the higher rate band.
• Data entry for SEISS for self-employed individuals has been copied to the 'Income' section of the self-employed SimpleStep pages to aid its completion.
• Tax Return PDF was not showing amounts in Columns E and F for foreign dividends for the 6th and 9th dividends entered, although the total was correct.

Partnership Tax Returns

• The partners' profit allocation wasn't shown on the partnership business summary on newly created Tax Returns.
• Box 1.40 (residential costs) was being completed in error when an entry was made in box 1.27 (non-residential costs).

Trust Tax Returns

• Discretionary payments: When the relevant child box was ticked and subsequently unticked, the details sent to HMRC were not updating, which caused an online filing error.

Accounts Production

General Maintenance

• A Check & Finish validation has been added where the carried forward amount in the previous year does not match the amount brought forward for Fair Value Reserve in the current year.
• 'Export journals' to Bookkeeping packages will be prevented if values have not been mapped to a suitable account code/description in order to prevent export failure.
• When drilling down from the Trial Balance report to edit a posting, the Trial Balance will now refresh instantly and display the changes made.
• CSV import will correctly import the values in the order of the CSV file, rather than re-ordering in sequential order by nominal codes.
• CSV import will correctly import where there are spaces in the value (debit/credit) column.
• Account descriptions will now be saved where there is a change of casing only.
• When exporting to QuickBooks online, the description no longer defaults to ‘Sundry income’.
• The following have been resolved in the accountants report:
• The token has been updated for the IFA qualification that incorrectly displayed the first letter of the month in lowercase.
• The token has been updated for all qualifications that incorrectly capitalised ‘For The Year Ended’.
• The default wording for the ACCA qualification no longer repeats the words ‘for the’ in the heading.

Companies House Forms

• A change in Director’s other detail(s) including Nationality, Occupation and Country of Residence will prompt to create a CH01 (Change of Directors Details) form.

Company Incorporator

• When the Agent (as the firm) is selected to sign the Statement of Compliance, the Corporate name field will be auto populated.

General Maintenance

• All incorporation submissions are now being validated for the inclusion of a PSC, therefore the severity of the warning at Check & Finish has been increased to an orange warning where the shares have been allotted but no Person of Significant Control is provided.

Communications Centre

General Maintenance

• Verified email accounts which require SMTP configuration, that use a username that differs to the email address e.g. SendGrid, can now send messages.
• Where an 'Unable to send messages' warning displays an error for invalid credentials, the corresponding email account will show 'Not verified', allowing a password to be changed and SMTP configuration to be re-verified.
• Improved error handling has been applied where the 'Unable to send messages' warning is displayed as a result of invalid credentials e.g. username/password.
• Where VAT automation is activated during the current month, the request for records email will now be generated for the first quarter in all situations.
• Sending messages to some email providers will no longer result in a bounce back email stating 'Your email couldn't be delivered. Your message contains invalid characters (bare line feed characters) which the email servers at xxxx don't support'.

Practice Manager

General Maintenance

• The email address shown within the Client Summary on the client record has been re-instated with a link to launch a new email message (using your default email provider).
• Ordering of the Tax Return 'last updated' column has been corrected so that it shows the newest returns at the top of the list.
• Mail Merge fields (tokens) for dates have been updated to show in the correct format.

eSign Centre

General Maintenance

• When using the 'Add to eSign envelope' option to attach a document from a work module to an envelope e.g. Tax Return, Financial Statements, the documents will now be attached without a delay.
• Improvements have been made to the processing of PDF documents without signing areas, to ensure all envelopes reach their intended recipients.
• The eSign service has been updated to address occasional access issues causing an 'eSign service is unavailable' warning and the need to re-start the application.

TaxCalc Product Update - version 12.0.007 - Released on 29 November 2021

Please note: 

• For Customers who have not already updated to Version 12 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• Accounts Production

Accounts Production

Accounts Production will open without delay, when selecting to open an existing or newly created accounting period.

TaxCalc Product Update - version 12.0.004 - Released on 24 November 2021

Please note: 

• For Customers who have not already updated to Version 12, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns.

Product summary

• NEW - Communications Centre
• Practice Manager
• General
• Tax Return Production
• HMRC Forms
• Accounts Production
• AML ID Checking
• AML Centre
• Companies House Forms
• Company Incorporator

NEW – Communications Centre
TaxCalc Communications Centre allows you standardise, customise and take control of client communications activity within your practice using TaxCalc's data to personalise every client email, saving time and providing a high level of service. Visit the Communications Centre product pages on our website for more information.

Features include:

• View a communications widget summary to see key information to help set up and monitor the email communications activities across your practice
• Configure TaxCalc to allow emails to be sent from a shared mailbox or individual users email giving much needed flexibility
• Record all email activity against the client record for quick and easy access and most importantly visibility to everyone
• Send a single email from within TaxCalc to clients and non-clients
• Send emails in bulk from within TaxCalc to clients and non-clients
• Automatically generate emails to request a clients records for Annual Accounts, Self-Assessment, Corporation Tax, VAT and Confirmation Statement
• Schedule emails so you can send them at a later date
• View generated messages from a managed pending queue giving peace of mind that all communications are appropriate/correct before being sent
• Create a categorised set of Templates for all those recurring communications. No longer waste time typing the same thing over and over again (a selection of default templates are provided)
• Automatically populate emails with client-specific data held on each clients record.  No more typing each clients tax figures in to each email, just add a token and we’ll do the rest
• Create a catalogue of Mailing Lists for quick and easy targeting of all your communications, including use of TaxCalc’s powerful data mining functionality to pick the right clients for the right communications
• View a communications activity stream within client record to see details of emails sent, documents uploaded to document manager, documents shared via eSign Centre and mail merges generated
• Send a message while you work with quick access to email a client from within the clients records or while your working on a set of accounts or tax return

Practice Manager

Mail Merge

• Mail Merge is now located within Communications Centre for centralised access to Mailing Lists and Mail Merge Templates (using Microsoft word)
• The following mail merge fields (tokens) have been added:
  • Main contact first name or salutation - will populate with the Friendly Salutation, where one exists OR Forename as entered as Personal Information within the client record of the main contact of a non-individual client
  • Main contact salutation - will populate with the Friendly Salutation entered as Personal Information within the client record of the main contact of a non-individual client
  • Main contact first name - will populate with the Forename entered as Personal Information within the client record of the main contact of a non-individual client
  • First name or main contact first name - allows communication with all clients types, will populate with first name for individuals and main contact first name for non-individual clients

General 

• Resolved an issue on Mac operating systems that sometimes resulted in missing help files on a 2021 Tax Return when upgrading from a previous version
• An issue whereby Users without permission to 'Lock' a Tax Return could use the Tax Return file menu to lock a return has been resolved

Tax Return Production

CT600

• Updated the tagging in the Corporation Tax Computations to use the new 2021 Taxonomy issued by HMRC
• Improved wording and added a new information message regarding the cap for R&D payable tax credits (for account period beginning on or after 1 April 2021)
• Fixed an issue which was causing a validation message to show in error relating to box 895 'Payable capital allowances first-year tax credit
• Included a validation in the R&D RDEC steps to ensure that payroll costs are identified and entered in box L75
• Update to the wording for R&D Supplementary pages to make it clearer that they only need to be completed for SMEs where they are claiming R&D credit relief

Capital Allowances - Enhancements

• The following general pool asset types were previously displayed as separate columns on the Capital Allowances Calculator and the resulting Computation. These assets type have been amalgamated into the general pool, to improve presentation and allow for easier computations of balancing allowances and charges:
  • Designated enhanced allowances
  • Enterprise zones
  • Electric vehicle charge points
  • Zero emission cars
  • Zero emission goods vehicles
  • First year allowances inc. low emission cars
  • General and special rate pool columns will still be available in the calculation grid, even if the written down value of pooled assets is zero, to allow for easy entry of balancing charges should a previously fully claimed asset be disposed of
  • A new disposal wizard which will help to manage disposals of general and special rate pool assets, including those listed above
  • Balancing charge calculations for assets where a super deduction claim was made (including the required uplift on disposal proceeds)
  • Balancing charge calculations for general and special rate pooled assets
  • The ability to enter first year allowance claims against individual assets (where relevant) instead of the current method of entering one value on the calculation grid

Capital Allowances - Maintenance

• Fixed an issue where Balancing allowances were not always being shown on the CT600 form when using the capital allowance calculator, though the computation calculations were correct
• Resolved a presentational issue on the computation whereby Structures and Buildings allowance amount was sometimes being doubled on the computation, This did not effect the totals, or the amount entered onto the Corporation Tax Return. The computation used the correct values
• Fixed an issue regarding a validation message showing in error regarding written down values in the capital allowance grid not matching the carried forward values from a previous return
• The Capital Allowance Manual calculation grid now correctly calculates the WDV to carry forward when a super deduction claim has been made
• Update to the information on screen advising users of the criteria relating to cars to be included in the general or special rate pool
• Balancing charges were not being included on the CT600 for particular asset types (zero emission goods, electric vehicle charge points, enterprise zones and zero emission cars), though the computation calculations were correct
• Super deduction and special rate first year allowance claims are now shown in box 725 on form CT600, as advised by HMRC

General Maintenance

• Dividend database messaging has been updated as it was suggesting that the data was being updated when it wasn't yet available
• Updated the completion of boxes FSE71 ' Adjustment for change of accounting basis' and FSE72 'Averaging adjustment' on the self-employment full pages, following an update by HMRC
• Updated CGT SimpleStep on SA100 Individual tax Return to enable data entry for tax already paid on listed shares, unlisted shares and other property disposals
• The tax on gains already charged for UK property disposal and real time transactions wasn't being rounded up to the nearest pound
• Fixed an issue regarding misalignment of boxes on the HS300 worksheet
• Resolved an issue with a validation message that informed users of changes occurring to the Partnership
• Tax Return after the information was imported into the Individual Tax Return. The validation was incorrectly appearing when the Partnership Tax Return has been locked, printed or filed rather than actual changes to the content.
• Improved the look of the memorandum report where there is an adjusted loss and SEISS
• Corrected an issue regarding the formatting of the profit allocation on the Partnership business summary
• Updated the display on the SA302 when the individual is a non-resident and there are income tax reliefs
• HMRC exclusions 127, 130 and 132 have been added
• HMRC exclusion 128 has been updated following guidance received from HMRC
• Removal of a validation relating to box AIL10 has been removed as it is no longer relevant
• Continuous reauthorisation of fetch token has been resolved

WhatIf Planner

• Issues with the following areas of the WhatIf Planner have been resovled
• In some circumstances, the WhatIf Planner was not using the correct rates for Class 4 National Insurance calculations
• Child Benefit Tax Charge not being calculated
• Student/Postgraduate Loan calculations were not including Share scheme, lump sum or FHL income
• Class 4 NIC not calculating if the individual was born on 6/4/55

HMRC Forms

• Updated form VAT68 'Request transfer of a VAT registration number'
• Updated form 64-8 ' Authorising your Agent'

Accounts Production

• Additional details will be brought forward when a bring forward from a previous accounting period, including:
  • Rounding account selection
  • Accounting standard selection
  • Cover page settings, including logo
  • Statement preferences
  • Names of people
  • Accountant's report - Accountant's name and accounting body selections
  • Option to disclose average number of employees by categories
  • Debtors/creditors breakdown selections
  • Loans to directors’ note will be populated with a director’s name and opening balance
  • Option to show a breakdown of deferred tax movements from postings
  • Related party transactions
  • Partners' profit shares percentage
  • Joint capital account.
• The trial balance will allow for all entries to be drilled into regardless of the amount of postings that have been made to the account
• An option has been provided in the partners page, to 'move up/'move down' the partners to alter the order they are displayed on the financial statements
• An option has been provided to include the 'Prior Year Adjustment' note within the Registrar set of accounts
• Check and Finish message that warnings exist on the financial statements has been moved to a banner warning rather than a pop-up warning. Where errors exist, a banner will be displayed on the reports window

General Maintenance

• Trial Balance import from third party will correctly import and display the third party narratives
• The Trial Balance import via csv will now not be greyed out where Xero is the default selection and 2FA for the user is not enabled
• The posting date will now be correct rather than reverting back one day after each time the batch was opened and saved
• The Statement of Changes in Equity will now be correctly formatted where there are large figures within the statement
• The Check & Finish message regarding brought forward and carried forward will now be generated correctly via Reports screen
• When changing the audit status, the the accounts notes will now not revert the the default settings
• The option to include alternative layout of Trading Profit and Loss Account as per FRS 102 for FRS 105 has been amalgamated to include within the Lead schedules instead of two separate options
• Pagination have been improved to ensure the user is returned back to the same page after selecting to drill down into an account that displayed individual postings on the Nominal Ledger
• Chart of accounts can now be exported to pdf, word or csv
• The Detailed Balance Sheet will now be displayed correctly when included in FRS 105 accounts
• Partners capital accounts - the preview mode is now imaging correctly and no longer appearing blank

AML ID Checking

• The details of AML search credits including its usage and remaining credits are now displayed within the Licence Information screen as well as AML ID Check screen. The newly added functionality will display a breakdown of the usage, remaining searches and credits that are nearing expiry as well as ones that have expired

General Maintenance

• Time zone issue is now resolved when syncing client's verification data from AML to PM

AML Centre

General Maintenance

• Using the cog menu via Risk Assessment now allows access into Tax Return Production or HMRC Forms
• Refresh option within the Client Due Diligence now displays the latest client records
• The Sync wizard has been updated to display all verification records performed on different dates regardless of whether the result is same
• All sanction check records are now being deleted correctly for the client and related party when the radio button is set to 'No' in client information page

Companies House Forms

• An option has included to populate presenter detail on the printing of any of the Companies House forms.

General Maintenance

• SH01/CS01 text will no longer overlap within the prescribed particular section on forms
• A Check & Finish message has been included for Notice of change of name form (NM04) to advise of the revised timings by which the submissions must be made in order to take advantage of the Same Day Service

Companies Incorporator

• An option has included to populate presenter detail on the printed version of the incorporation form

General Maintenance

• A Check & Finish message has been included for IN01 & LLIN01 forms to advise of the revised timings by which the submissions must be made in order to take advantage of the Same Day Service
• Nationality 'Kittitian' will now be spelt correctly and accepted on submissions to Companies House

TaxCalc Product Update - version 11.16.123 - Released 24 September 2021

Please note: 

• For Customers who have not already updated to Version 11, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update - check if required.

Product summary

General Maintenance

• After enabling the new Two Factor Authentication (2FA) feature, Cloud Connect users starting (but not completing) the setup process are no longer causing other users to be unable to log into the application.
• After logging in, users no longer receive the incorrect warning regarding permissions when the application tries to automatically open the Practice Manager module on startup.
• In some areas of the application with groups of tickboxes, a display issue gave the appearance that some boxes were not actually ticked. This has been resolved and boxes now correctly display as expected.

TaxCalc Product Update - version 11.16.121 - Released on 09 September 2021

Product summary

• General
• Accounts Production

General

Two-Factor Authentication (2FA)

• To enhance security and provide an extra level of protection to your client data, we have now included the option for your users to authenticate using two-factor authentication before access is granted to the TaxCalc database. The option to require two-factor authentication can be set across all of your users or for specific users. Each user who has the two-factor authentication set will be required to authenticate every 30 days or each time they login on a different machine.

Two-factor authentication will not be activated on any users unless you choose to activate it. It can be turned on:

• For each user:
  • Admin centre > Users, select the user > Edit User > About the user, Two-Factor Authentication section, select Enable 2FA
• For all users:
  • Admin Centre > Bulk Update 2FA, select to Turn on 2FA for all users

• We have provided the following extra options for two-factor authentication:
  • Turn on two-factor authentication for all users or turn off two-factor authentication for all users: Admin > Users > Bulk Update 2FA
  • Set two-factor authentication as a default for any newly created users: Customise Practice Manager > Login Password Setup
  • A new column to give a practice view of which users are setup to use two-factor authentication: Admin > Users

General Maintenance

• Linux users will now see the Notifications window in all situations

Accounts Production

Two-Factor Authentication (2FA)

• To enhance security and protect your client data, Xero now requires a user to have authenticated using two-factor authentication before connecting to and importing client data from Xero. Therefore, within TaxCalc postings, when selecting to import a trial balance from Xero, if the user hasn't authenticated using two-factor authentication when logging into TaxCalc, they will be required to activate two-factor authentication and login using this before they can connect and import a trial balance from Xero.

TaxCalc Product Update - version 11.15.096 - Released on 19 July 2021

Please note: 

• For Customers who have not already updated to Version 11, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product summary

• Accounts Production
• eSign Centre

Accounts Production

General Maintenance

• Within Posting:
  • New template batches will correctly create a batch with the expected amounts and account codes.
  • When importing a trial balance from a csv, imports where the credit and debit values are in a single column will be successfully imported and individual mappings will no longer be removed from the import maps where there is no value being imported for a previously mapped account.
  • The account search in the Account/Account field will now correctly show the grouping name the account relates to in the search results.
• FRS 105 accounts will now show the detailed balance sheet correctly on a new page where the FRS102 trading profit and loss has been included in the accounts.
• Notes will now be brought forward correctly for periods starting on or after 15^th December 2019.

eSign Centre

General Maintenance

• e-Sign document status notifications will now appear in all situations once an envelope has been signed (Note: a notification is not generated where manual 'Check for Response' is performed and a Completed status is returned).

TaxCalc Product Update - version 11.15.087 - Released on 24 June 2021

Please note: 

• For Customers who have not already updated to Version 11, this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns

• Users of our Accounts Production bookkeeping integrations will need to update to this version to continue to use the integrations with Xero, Quickbooks and FreeAgent. Also, Quickbooks connections will require re-authentication to use the integration once the software has been updated. This is as a result of the update to OAuth 2.0 and additional security improvements.

Product summary

• General: Licencing
• Tax Return Production
• VAT Filer
• Accounts Production
• Companies House Forms
• Company Incorporator
• AML Centre
• Practice Manager
• Practice Manager Plus
• eSign Centre
• Cloud Connect

General

Licencing

• To support future planning of work using Jobs and Tasks, updates have been made to the trigger that consumes a licence for Accounts Production, Companies House Forms, VAT Filer and AML Centre. This is to ensure that a licence will only be used for any given licence period once a period/form is opened (and not at the point of creation).
• Companies House sync (accessed from Practice Manager and AML Centre) includes advanced 'paid for' features e.g. sync of Relationships, which are available with a Companies House Advanced Integration (or Companies House Forms Unlimited) licence. It had come to our attention that some users were able to access these advanced features without a valid licence. This error has now been corrected.

Tax Return Production

• NEW: A Student and Postgraduate Loan Calculation Summary has been added.

What If? Planner

• 2021/22 What If? Planner is now available.

Dividend Database

• 2020/21 dividend database is now available.

General Maintenance

• Reinstated the 2013 and 2014 tax years into the individual and business products (non-agent/accountant versions).
• Fixed the following display and alignment issues:
  • CT600 Losses on unquoted shares now display correctly where the chargeable gain calculator is being used.
  • Spacing issues on the pdf header boxes.
  • Other income and Trading income allowances boxes on the Self Employment short form are now aligned correctly when printing.
  • Cosmetic changes to the HS325 Lump Sum Worksheet following a final copy being received from HMRC.
  • Updated the layout of the Self Employment Full summary where trading income allowance has been claimed.
  • Updated the Self Employment Full and Short summary to ensure that 'Taxable profit' is only shown when relevant.
  • Updated the TaxCalc summary to include foreign tax credit relief and incorrect coronavirus support payment amounts (calculations were correct).
  • Updated the SA302 calculation to ensure that the line 'Underpaid tax for earlier years included in your tax code' refers to the correct tax year.
  • Addressed an issue with the client questionnaire headers when Word 2013 was being used.
• Updated the coronavirus support payment pages to provide more information, including ensuring that the help pages are opening correctly from the SEISS boxes.
• Fixed a submission error on the CT600L where zeros were left in boxes L30 and L40 after entries in the R&D wizard were deleted.
• Updated the calculation for notional tax on the CT600L to round up if the calculation went to three decimal places to prevent a submission error.
• Claim or relief affecting an earlier period (box 45) on the CT600 will now be automatically ticked if there is an entry in Loss to carry back against profits of a previous period.
• An issue has been identified and fixed where changing the CT period using the 'Edit period dates' button was causing multiple Tax work status' to appear for one CT600.
• Removed a Check & Finish validation that was appearing in error for the Partnership short pages where there was an overall loss but a SEISS payment resulted in a net profit being assessable to tax.
• Updated the CT600 R&D validation messages relating to box 875 to remove an incorrect message and ensure correct display of another validation when there is an entry in box L180 'R&D payable tax credit balance'.
• Updated the CT600 data entry box for R&D Relief in SimpleStep to ensure that it is automatically ticked when a loss has been surrendered.
• Updated box 875 to ensure that it is automatically populated where there is an entry in box L180 'R&D payable tax credit balance'.
• Fixed an issue where the Tax Return was failing filing if there was an amount in box 50.1 (total amount of Business Asset Disposal Relief and Entrepreneurs' Relief claimed to date) and no Business Asset Disposal Relief was being claimed in the year.
• Updated the import/export routine for CT600s to ensure that the old R&D wizard data is still accessible on imported returns, where the return was completed prior to 6 April 2021.
• Ensured that CT600s completed after 6 April 2021, but on a release earlier than TaxCalc 2021, still have the old R&D wizard data accessible once an update is installed.

Capital Allowances

• Update to super deduction and special rate FYA assets to apportion claims where the CT period straddles 1 April 2023.
• Tidying up cosmetic issues relating to the Capital Allowances calculator.
• Capital Allowances 'WDA not claimed' box is now available for general and special pools, and short life assets.
• Fixed an issue with Capital Allowances where the FYA rows were showing incorrectly for certain asset types (SA100s and SA800s only).
• Capital Allowances calculator now includes the ability to enter FYA for assets that still qualify for FYA but are not 'Designated environmentally friendly machinery and plant'.
• Additional validation relating to BPRA if the Capital Allowances manual grid entry is being used and the CT period is after 1 April 2017.
• Update to form CT600 to ensure that qualifying expenditure on assets with a super deduction or special rate FYA claim is shown in box 760 on the form.
• Capital Allowances update to ensure that the balancing charge box is no longer cleared when an update to the super deduction claim is made.
• Updated the information message for BPRA assets to only show if there was a BPRA claim (it was showing in circumstances where there were no capital allowance claims).
• Fixed an issue in the Capital Allowances calculator for CT600s, where the balancing allowance was being deducted from the net qualifying expenditure twice.

VAT Filer

• Update to VAT Fuel scale rates data to include the period May 2021 to April 2022.

Accounts Production

• An option is available within accounts setup to include an alternative format of the Trading Profit & Loss Account for financial statements prepared under FRS 105. There is a setting within Admin Centre to apply the detailed format as per FRS 102 of the Trading Profit & Loss Account for all clients following FRS 105.
• The Audit report has been updated as part of the FRC 2020 bulletin. The standard text for the ‘Conclusions relating to going concern’ and ‘Auditor’s responsibilities' has been updated to reflect the changes.

Bookkeeping enhancements

• Journals and adjustments can now be exported from TaxCalc to Xero and FreeAgent.
• Once authentication has been successful to link to Xero and FreeAgent, this will remain open to allow for integration between them and TaxCalc. A new option has been provided to 'disconnect' where necessary.
• The Xero integration has been upgraded to OAuth 2.0, as Xero will no longer support authentication process OAuth 1.0 after the 30 June 2021.

General Maintenance

• Changes have been made to accounts description/report terms in Admin Centre, so they will now be applied to all new accounting periods – for existing clients and newly created clients.
• The 'Companies House Online Filing Results' screen has been updated to include the company name, to identify the TaxCalc client to which the filing details relate to.
• The Average Number of Employees entry will no longer be mandatory within TaxCalc for unaudited dormant accounts – the Fatal Check & Finish validation has been replaced with an advisory warning where the Average Number of Employees has not been entered.
• It will now be possible to include the ‘Emphasis of Matter’ and ‘Other information’ sections within the Auditor’s report for FRS 105.
• Page numbering will now be included on financial statements that are exported to MS Word.
• Additional notes can now be entered against the schedules – creditors: amounts falling due within one year, creditors: amounts falling due after more than one year, and accruals & deferred income.
• Within the creditors notes, where the breakdown of creditors isn't selected, the description will now refer correctly to 'Amounts owed to....' where it was previously referring incorrectly to ‘Amounts owed from ...’.
• Within the 'Director's advances, credits and guarantees' note, the names of directors will now be displayed where there are dividends paid in the comparative year, but not the current year.
• Partnership/sole trader Profit and Loss Account has been corrected to include the description of 'Profit/loss on revaluation of investment property' when postings have been made to account 3580.
• In some scenarios where the gross profit percentage option was selected and accounts were attached to a CT600 submission, a rejection was received 'Inconsistent duplicate fact values (Chris 0 Accounts error - "Invalid content was found starting with element 'tbody'")'. On regeneration of the accounts, these will now submit successfully.
• Grammatical errors have been corrected on the Taxation accounting policy.
• The LLP balance sheet will now balance in a scenario where an imbalance was caused due to the Loans and other debts due to members – Other amounts, rounding incorrectly.
• The 'Reconciliation of Members’ Interests' for LLPs has been updated to correctly refer to 'Drawings' rather than 'Drawing' and the column header 'Loans and other debts due to members less any amount due from members in debtors' will no longer be truncated.

Companies House Forms

• 'Companies House Online Filing Results' screen has been updated to include the company name to identify the TaxCalc client which the filing details relate to.
• 'Companies House forms' window now includes columns for the Submission Number and Status, so that these can quickly be identified for each of the forms.

Company Incorporator

• Incorporations containing bespoke or amended articles were being rejected by Companies House, these incorporations will now be accepted.
• On successful incorporation, the company data e.g company registered number, authentication code and date of incorporation will now sync back automatically to Practice Manager.
• The Companies House copy of the Memorandum of Association supplied by Companies House following successful incorporation, can now be viewed and printed.

AML Centre

• When performing client due diligence, within the identification stage, it is now possible to run AML Identification checks and record other Identification checks, so that this can be performed as part of the identification stage rather than as a separate electronic verification stage. The results from the checks can be synced back into Practice Manager via the AML Sync Wizard.

Practice Manager

• General
  • Filter by/search options have been extended to cater for client types; Limited Liability Partnership, Limited Company (Limited by shares) and Limited Company (Limited by guarantee).
• Dashboard
  • Quickly see the status of your client's work with the new Work Items Status widget. Available for Accounts, VAT, Corporation Tax and Self Assessment.
• Report Manager
  • Report Customisation now includes the option for 'Portfolio' on all reporting types.

General Maintenance

• Client notes will now correctly display the character returns for all notes.
• Datamine will now correctly filter where criteria have been selected relating to the 2021 tax year.
• Suspended users will no longer appear within the assignee filters in Active Work.
• View History within Work Management will no longer display blank records.
• Cosmetic updates have been made to the edit widget display.
• The address will no longer be duplicated when saving the client record.
• The recurrence date is now being fully displayed within the task dialog.

Practice Manager Plus

• Work Management
  • The action of sending and receiving a document for electronic signing (eSign) can now be set to trigger a change to the status/assignee of a job, task or work, or to notify a specific user.
• Report Manager
  • Datamine will now include tasks within the jobs.

General Maintenance

• The notify action notification will now display multiple actions for the same job.
• View history will now show the team assignee change at all times.

eSign Centre

• The maximum limit on an Email Template has been increased to 500 characters.

General Maintenance

• Unable to send issues have now been resolved.
• Existing email templates can now be altered without having to rename the template.
• TaxCalc no longer minimises when adding a TaxCalc document to an envelope.
• Sending multiple large sized documents within one envelope will no longer cause issues.
• The eSign table filters for 'sent/created yesterday' will now always display the correct envelopes when used with other table filters.
• The eSign table filter for 'Include completed envelopes' is now automatically set to the correct setting when used with other table filters.

Cloud Connect

• A notification will now appear where the manual backup limit has been exceeded.

TaxCalc Product Update - version 11.14.019 - Released on 20 April 2021

Please note: 

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark for existing CT600 and SA100 returns.

Product summary

• Tax Return Production
• Accounts Production
• Practice Manager
• Practice Manager Plus
• eSign Centre
• VAT Filer
• Company Incorporator

Tax Return Production

Compliance

• Inclusion of new HMRC Exclusion 128, which affects the calculation of top slicing relief where losses have arisen.
• Update to the Foreign Tax Credit Relief worksheet (form HS263) to reflect HMRC's latest version.
• Update to Capital Allowances for Companies to include the new super deduction for general pool assets.
• Update to Capital Allowances for Companies to include the new FYA rate for special pool assets.
• Update to the Corporation Tax Computation to include Research & Development Expenditure Credit calculations where the R&D Supplementary pages have been completed.

General Maintenance

• When BPRA is entered manually in the capital allowance grid, the amounts are now shown correctly on the CT600.
• Capital allowances grid now correctly displays values when TaxCalc computations are not being used.
• Capital allowances update to ensure that the 'WDA not claimed' box is only shown for Structures & Buildings Allowance assets.
• Removal of iXBRL tagging of electric charge points for property businesses.
• Update to help content for Corporation Tax Losses and Student/Postgraduate loans.
• Fixed an issue where CGT51 (Adjustment to CGT) wasn't being taken into consideration in the calculations if it had been entered directly on the SA100.
• Removed some wording relating to COVID that was no longer relevant on the Residence & Remittance wizard ('To be non resident in the UK').
• Updated the Partnership Tax Return so that the 'short' form is now populated where the turnover falls below £85,000, without needing to 'refresh' the data.
• Fixed a display issue on the SA302 to ensure that '10% tax credits on dividends from UK companies (not repayable) line' is displayed where there's an entry in 7.5 on the foreign pages (the overall calculation was correct).
• Fixed an iXBRL tagging issue for the CT600 when there are coronavirus related entries made.
• Fixed an issue for SA100 Self Employed pages when the net profits were lower than the SEISS payment. The overall calculation was correct but it was creating a spurious loss to carry forward.
• Fixed an issue for SA100 Self Employed (Full) pages when a net loss had been calculated and there was a SEISS payment.

Accounts Production

General Maintenance

• Resolved an issue whereby accounts created within TaxCalc and saved externally to be attached to a CT600 submission, were causing an error on submission to HMRC. (Message: cvc-complex-type 3.2.2 Attribute ‘IsNotSubmission’ is not allowed to appear in element ‘body’.)

Practice Manager

General Maintenance

• Updated UI alignments in the work item status section in Admin Centre.

eSign Centre

General Maintenance

• Removed the 100 character limit from both the eSign envelope and document name to assist with occasional issues when envelopes were not being saved.
• You can now add Company Incorporator forms directly to an eSign envelope without manually saving the form.

VAT Filer

Compliance

• Update to the flat rate schemes for the hospitality sector, following the announcement that reduced rates have been extended to 31 March 2022.

General Maintenance

• Tidied up some general display issues on the non-practice user interface.

Company Incorporator

Compliance

• Upon Incorporation, Companies House will now provide a document for the Memorandum of Association. This will be retrieved on successful incorporation and stored within TaxCalc for viewing.

Time

General Maintenance

• Fixed a display issue on the WIP Overview screen where there are time logs relating to 'Work with no linked service' and also time logs relating directly to the client/business.

TaxCalc Product Update - version 11.13.079 - Released on 23 March 2021

Please note: 

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

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

• Installation of this release will include the auto-creation of 2021 Tax Returns where 'auto-create work' was set on completion of the 2020 jobs and tasks. This will be performed in the background and will also link the 2021 Tax Return to the already existing job or task (for 2021). You can continue to use the software whilst the returns are being created, however, please note that the 2021 Tax Return may not be immediately available until this background process has been completed.

Product summary

• Tax Return Production
• Accounts Production
• Practice Manager
• Practice Manager Plus
• eSign Centre
• AML Centre
• VAT Filer
• Companies House Forms
• Company Incorporator

Tax Return Production

SA100 & R40 – Individual Tax Return

• Incorporation of the 2020/21 R40, SA100 Tax Return and associated supplementary pages for HMRC Forms Mode and SimpleStep. Including required updates to calculations, summaries, wizards, HMRC helpsheets and worksheets.
• Update to the Annual Pension Allowance Wizard regarding the change to income thresholds for calculating the tapered annual allowance (including a change in the minimum tapered annual allowance).
• New Annual Pension Allowance Wizard Summary for the 2021 tax year.
• Improvements to the data entry for payments on account to ensure more flexibility relating to the Tax Payment/Repayment Summary.
• 2021 Client Questionnaire is now available.
• Inclusion of new API endpoints in Self-Assessment Pre-Population (Fetch) for off payroll working and SEISS payments.
• Update to Capital Assets for the reduction of Business Asset Disposal Relief (previously Entrepreneur's Relief) from £10 million to £1 million.

SA800 – Partnership Tax Return

• Incorporation of the 2020/21 SA800 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.
• Updated SimpleStep for the 2021 tax year, including improvements to the partnership statement pages.

SA900 – Trust Tax Return

• Incorporation of the 2020/21 SA900 Tax Return and associated supplementary pages, including updates to summaries, wizards, HMRC helpsheets and worksheets.

CT600 – Corporation Tax Return

• Incorporation of the new CT600 version 3(2021) and the new CT600L Research and Development Supplementary pages.
• Update to SimpleStep for the new boxes on form CT600 and Research and Development Supplementary pages.
• Update to Chargeable Gains and Losses for requirements as set out in the Capital Losses Reform.
• Update to the 2020 CT Taxonomy to include new tags relating to non-resident landlords and CT CGT losses.
• Creative Tax Relief now includes data entry for 'Orchestra' and 'Museum and Galleries Exhibition' reliefs.

Capital Allowances

• Annual Investment Allowance calculation update for the extension of the £1,000,000 limit to 31 December 2021.
• New asset type for 'Zero emission cars'.
• Increase in Structures & Buildings Allowance from 2% to 3% for Income Tax from 6 April 2020.
• Update to the Structures & Buildings Allowances written down value to ensure that the amount is being updated to take into consideration allowances already claimed.

General Maintenance

(Unless otherwise stated, changes have been made for the 2021 tax year onward.)

SA100

• TaxCalc Summary now correctly includes postgraduate loan amounts.
• Self Assessment pre-population
• Resolved an issue where, if a pension amount had been entered and the user then fetched pension income, the value entered in TaxCalc was not always displayed.
• Enhancements have been made to the fetch screen for employments, so that any pension income that comes through as employment can be moved to the pension pages (this can sometimes be an issue, as not all pension providers inform HMRC that the income is from a pension).
• Fixed a display issue where the client questionnaire was not showing foreign dividends and interest.
• The address fields on the client questionnaire have been amended so as to display in a standard windowed envelope.
• Company car information is now brought forward from the previous year, unless a disposal date has been entered.
• Total amount of Business Asset Disposal Relief (previously Entrepreneur's Relief) previously claimed will now be carried forward to the next year's Tax Return.
• Update to SimpleStep page for collection of tax through PAYE code to ensure that the box is always visible.
• Annual pensions allowance wizard now takes into consideration flexible remuneration in the adjusted income calculations.
• Fixed a display issue on Linux for Tax Return icons.
• Validation messages should no longer appear when the Class 4 National Insurance exemption box has been ticked for taxpayers under the age of 16.

SA900

• Update to boxes 14.15 and 17.7 to ensure that '0' can be entered and is retained

CT600

• Research & Development Expenditure Credit (RDEC) carried forward will now be brought forward into the next year's return. Please note, however, that this only applies to new returns created on or after 6 April 2021, due to the introduction of the R&D Supplementary pages.
• Additional wording included on the R&D creative expenditure screen to assist users in completion of the boxes.
• Update to prevent CT600 period dates being edited if the return is already open.

Accounts Production

• Transaction dates have been added to posting batches and individual postings. The dates will be displayed in the postings screen and a number of reports. There is a setting within Admin to allow for the dates to be visible or not.
• It will now also be possible to import an optional transaction date when importing postings in .csv format, using a new 'Date' column, so that this information can be allocated against the posting in TaxCalc.
• An additional account code (0571) has been created to record grant payments for Self-Employed Income Support Scheme (SEISS) received by individuals. Postings made to the new SEISS account code will be imported into the individual tax return (SA100) to ensure the new field is populated correctly.
• Options added to customise the presentation of the names of e.g. Officers, Partners displayed in the financial statements. Options relate to preferences for display of title, initial, forenames and surname.

General Maintenance

• For accounts prepared under FRS 105, the Gross Profit Percentage (where the option is selected) is now correctly displayed even when the ‘Tax on profit’ is excluded from the Trading Profit and Loss Account.
• Resolved a pagination issue where the header for Accounting Policy was occasionally being duplicated. 
• Resolved an issue where a bracket was being omitted from the company name.
• Resolved an issue where an error relating to NameEntityOfficer was preventing electronic filing of LLP accounts to Companies House.

Practice Manager

• Added the ability to create new clients on product access.
• Added the ability to open a task using the task report.
• Added the task 'start date' and 'completion date' to task reports as a field and filter.
• Added the ability to remove suspended users from the user record in Admin.
• Added the ability to report on the 2020/21 Tax Year in Report Manager and data mine.
   

General Maintenance

• Resolved an issue whereby on occasion task reminders settings were displayed incorrectly.
• The latest CT value is now always being displayed correctly in report fields and filters.
• Security permissions are being applied to the bulk update tool for all instances.
• Refreshing reports no longer creates a blank report.
• Task progress filter in client selection is now displaying the client list.
• Creating clients no longer sets the uncreated SA tax year statuses to 'In Progress'.
• Added client address validation message to advise customers of the '50 characters per address' line limit .
• Added client code validation message to advise multiple user environments that client codes must be unique.
• The Encrypted PDF password for Companies House Forms is now being pre-populated from the client record.
• UI updates to improve design and validations in regard to the client contact page and task dialogs.

Practice Manager Plus

• Added the ability to create bulk SA tax returns using the bulk service wizard.
• Added the job 'start date' and 'completion date' to task reports as fields and filters.
   

General Maintenance

• Resolved an issue whereby on occasion job reminders settings were displayed incorrectly.
• Recurrence settings for the task within the job are now displayed.
• Resolved an issue where the job dialogs did not fit into the lower supported screen resolution.
• The Action notification in all instances now displays the client name.
• Recurring jobs (not using a template) now retain the assignee.
• Opening a job using the job report now displays the job summary.
• UI updates to improve design and validations in regard to job action validations and job dialogs.

eSign Centre

• Improved the default filenames for all work items when attaching to an envelope, so that special characters are not included as standard.
• Updated all instances of the eSign reminder email template to use the TaxCalc branding template and removed password reference.

General Maintenance

• Date filters in the dashboard are now filtering the month and year.
• All recipients are retained on saving unsent envelopes.
• Recipients with multiple roles are no longer being displayed twice in the recipient table.
• Resolved an issue whereby on occasion unsent envelopes were being locked.
• Added validation to advise that a password encrypted document cannot be uploaded to eSign envelopes.
• VAT HMRC Forms are now being correctly attached in the eSign envelope.

AML Centre

General Maintenance

• AML Identity Check. A minor issue with 'Resume AML Check' for pending electronic verification has been resolved.
• Resolved an issue where the Sanction record and PEP information were not being updated for a related party in Practice Manager for an identification.

VAT Filer

• VAT Return system being decommissioned on 8 April 2021. Messaging and wording added advising customers of changes, including the creation of VAT Returns from 8 April 2021.
• EC Sales List. New validation advising that EC Sales List are not required from GB traders.

General Maintenance

• Update to descriptive wording for VAT Returns to ensure consistency throughout the screens.
• EC Sales List. On creation of a new EC Sales List, the system now correctly defaults to 2021.
• Resolved a display issue on Mac operating systems that occurred when opening a VAT Return.

Companies House Forms

General Maintenance

• Shareholder's change section (D4), the continuation page on the Confirmation Statement will no longer display overlapping text.
• The Companies House Sync wizard will no longer include officers who have resigned when filtered by 'Current Officers only'.
• Companies House have updated the geographical names list to include: 'Alderney’, ‘Sark’, 'Herm' and ‘Eswatini’.

Company Incorporator

• Companies House will be updating the electronic incorporation process, so a standard Memorandum of Association will be generated by them from information contained within the electronic incorporation submission. Therefore, from 19 May 2021 when Companies House make this change, the options in the software will be updated to no longer allow a bespoke Memorandum of Association to be included in electronic incorporations.

General Maintenance

• Check and Finish warning that the directors' full date of birth will be disclosed on the public record when the directors' registers are set to be kept at Companies House on incorporation.
• Companies House have updated the geographical names list to include: 'Alderney’, ‘Sark’, 'Herm' and ‘Eswatini’.

TaxCalc Product Update - version 11.13.005 - Released on 24 February 2021

Please note: 

• This release is available for a specific set of customers using WINDOWS machines only

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

Product summary

• TaxCalc General

TaxCalc General - DIAGNOSTIC RELEASE

We have identified that at least one computer in your practice is only having intermittent communication with our servers.

As a result, you will receive a notification in TaxCalc asking you to update your software immediately. 

The majority of the features in the TaxCalc software you currently use require a connection to our servers. This happens so that your software can be:

• Activated, licensed and accessed
• Receive in-app prompts for installations and updates
• Communicate with other organisations such as HMRC and Companies House
• Integrate with other applications, including bookkeeping and eSigning software.

With Making Tax Digital (MTD) initiatives requiring frequent connectivity with HMRC, there is now an increasing reliance on these connectivity features which not only ensure that you remain compliant but in full and accurate control of your client data.

Updating will not alter your current product's functionality. 

TaxCalc Product Update - version 11.13.003 - Released on 09 February 2021

Please note: 

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

• This release may result in a change to the IR Mark on any existing V3 CT600 returns and in addition some SA100 returns, where Capital Gains Tax computations are present. Please see KB1304 for more information.

Product summary

• Tax Return Production
• VAT Filer
• Companies House Forms

Tax Return Production

• When using high volumes of information in some of the wizards in the CT600 Return, errors may have occurred. These are now resolved.

VAT Filer

• Added messaging regarding the use of the EC Sales List post-Brexit. Submissions are no longer required for UK traders but are required where trading with Northern Ireland and the EU.
• Added a warning message regarding submission of non-MTD VAT returns after 8 April 2021, when HMRC will decommission the use of their XML system for VAT Return filing. At that time, non-MTD VAT returns will not be possible via the software and only possible via the HMRC Business Tax Account.
• Amended VAT Return box references following the UK's exit from the EU to include Northern Ireland references.

Companies House Forms

• As a result of the UK leaving the EU (Brexit), electronic filing for the Officer Appointment and Change of Officer Details (for an individual) have been updated to ensure successful filing to Companies House. Specific forms affected are:
  • CH04 Change secretary details
  • CH01 Change director details
  • AP03 Appointment of secretary
  • AP01 Appointment of director

TaxCalc Product Update - Version 11.12.051 - Released on 22 December 2020

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
• This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

Product summary

• Practice Manager

Practice Manager

• In version 11.12.048 the associated client name is not being displayed in the "Tasks assigned to me" widget. The widget now correctly displays the associated client name column.
• The work item status is now being displayed correctly against the job/task for all work modules (Accounts, Tax, VAT and confirmation statement) in task and job reports.

TaxCalc Product Update – Version 11.12.048 – Released on 14 December 2020

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
• This release may result in a change to the IR Mark on any existing V3 CT600 returns and may affect some SA100, SA800 and SA900 returns.

Product summary

• Accounts Production
• AML Centre
• Companies House Forms and Company Incorporator
• Practice Manager
• Practice Manager Plus
• Time
• eSign Centre
• Document Manager
• Tax Return Production
• VAT Filer

Accounts Production

• Nominal account codes for 'Impairment loss' and 'Reversal of impairments' are available on all Intangible and Tangible Fixed Assets to account for any impairments or reversal of impairments on fixed assets.
• To keep up to date with latest COVID-19 changes, additional account codes for 'Government Grants' are available for all business types. The grants can be processed by recording funds that a business expects to receive from the government as well as recording the receipt of money.
• The following Companies House Forms will be updated with changes to EEA corporate officers from 1 January 2021:
  • LLIN01 LLP incorporation
  • IN01 Company incorporation
  • CS01 Confirmation statement
  • CH04 Change of corporate secretary details
  • CH02 Change corporate director detail
  • AP04 Appoint a company secretary
  • AP02 Corporate director appointment
  • AA01 Change of accounting reference date

Presentation Enhancements

• An option is available to include the Gross Profit Percentage on the Trading Profit & Loss Account for Limited companies and Limited Liability Partnerships, simplifying the ability to view an entity's financial performance.

General Maintenance

• For Xero integration:
  • A trial balance import acknowledges account descriptions with brackets and successfully imports postings that have brackets within the account description.

AML Centre

General Maintenance

• The Client Due Diligence information now displays the latest records for verification.
• Sanction check has been updated to display identification records that have been edited.
• PEP information within identification has been updated to display the associated relationships.
• PEP summary page no longer displays duplicate PEP records.
• A Mac issue has been resolved where the AML ID check results did not get saved within Practice Manager if the pdf report was closed immediately after performing the checks.

Companies House Forms and Company Incorporator

• End of Brexit transition preparation work has taken place to allow changes to be activated outside of a release on 31 December 2020. No changes will be seen within the software until the transition period has ended.

Practice Manager

• Added the ability to set and display the default work item status for the creation of work items e.g. Tax Return, Annual Accounts, VAT Return and Company House Forms.
• Send client selection settings from Report Manager directly to mail merge for all report types.
• Added the option "latest consent status" in Report Manager for Client Reports to view and filter by default consent type.
• Added the ability to report on the work item status for Tasks within the Task Type Reports.
• Enhanced the existing Tasks assigned to me (and other users) widget to include the Task Name and Assignee.
• Added the option to reassign users from Jobs and/or Tasks prior to suspending the user.
• Added the statutory deadline column in work management and active work for tasks with linked work item periods (Tax Return, Annual Accounts, VAT Return).
• Added the statutory deadline field in task reports for tasks with linked work item periods (Tax Return, Annual Accounts, VAT Return).

General Maintenance

• Resolved an occasional issue where the start date of tasks created through "Active Work" changed date when edited.
• Advised users that the report exports for importing to other TaxCalc systems will not include the client selection settings.
• Switching to the demo database for trial users now always displays the demo database data for the trial period.
• Resolved an occasional issue where the eSign and encrypted PDF password was not retained when certain role types edited the client.
• Standalone users are now informed when they have exceeded the correct number of nodes for their licence.
• The Task Summary widget now displays the correct counts when the user is changed to "all users"
• Resolved an occasional issue where task type reports were not displaying tasks due to duplicate tax periods.

Practice Manager Plus

• Added the statutory deadline column in work management and active work for jobs with linked work item periods (Tax Return, Annual Accounts, VAT Return).
• Added the statutory deadline field in job reports for jobs with linked work item periods (Tax Return, Annual Accounts, VAT Return).

General Maintenance

• Resolved an issue where jobs with certain actions and results caused the results to loop, which on occasion impacted performance.
• Any changes to the work item status for a Filed Tax Return will no longer create a phantom return in the "Return Created" SA100/R4 counter.
• Practice Manager Plus user licences are correctly retained when the licence is renewed.
• Resolved an occasional issue where job type reports were not displaying jobs due to duplicate tax periods.
• Resolved an issue where team assignees were not being applied on recurrence for job.

Time

General Maintenance

• Time user licences are correctly retained when the licence is renewed.

eSign Centre

General Maintenance

• Resolved an occasional issue where the position of valid special characters in the document filename could cause the "unable to send" error.

Document Manager

• Included the ability to search clients by using the SmartVault email address within the "Enable Client for Document Manager" tool.

General Maintenance

• Updated the "Enable Client for Document Manager" tool to display multiple client codes for the same client.

Tax Return Production

General Maintenance

• Update to the criteria for some HMRC exclusions for 2019/20 tax year.
• New HMRC exclusion added for Partnership Tax Returns where foreign property income is received and finance costs are being deducted.
• Validation added on Employment page, Fixed deductions for expenses to remind users that deductions should not exceed £1,132.
• Reinstatement of "Resume" button when there's been a connection issue on submission of a Tax Return.
• Fixed an error where the turnover in a Partnership Tax Return was being increased when there were balancing charges (summarised form only).
• Validation message fixed relating to where the import between a Partnership Tax Return and an Individual's Partner pages was incorrectly showing when there was no linked Partnership.
• Fixed an error where some Partnership accounts information was not importing into the Partnership Tax Return on first 'import'.
• Fixed an error where Individual & Partnership Tax Returns were not taking into consideration private use on electric charge point capital allowances.

VAT Filer

General Maintenance

• Update to wording for VAT Return boxes.
• Information message added to remind users that the flat rate scheme percentage has changed for schemes relating to Pubs, Catering services (including restaurants and takeaways) and Hotels or accommodation.
• Update to the date applicable and type of validation message relating to B2B services.
• Filing a non-MTD VAT Return no longer incorrectly displays the authorise screen (for MTD).
• Ability added to create an EC Sales list for a 2021 period.

TaxCalc Product Update – Version 11.11.063 – Released on 26 November 2020

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
• If you are running on MAC OS Big Sur, please ensure that you have first followed the instructions in the following knowledgebase article. The hotfix can then be applied through a standard plug-in update.
  • Mac OS Big Sur & TaxCalc

Practice Manager

• Users now have the ability to amend client services within the client record without Practice Manager Plus functionality.

TaxCalc Product Update – Version 11.11.058 – Released on 13 November 2020

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

General maintenance

• Under certain conditions additional database checks were being run on outstanding Notifications, which may have resulted in a slower response when using TaxCalc
• In some scenarios, the trial balance report, run with comparatives, was not showing brackets around credit entries correctly.

TaxCalc Product Update – Version 11.11.057 – Released on 5 November 2020

Please note:

• For Customers who have not already updated to Version 11 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
• VAT Filer
• Accounts Production
• Company Incorporator
• AML Centre
• Practice Manager
• Practice Manager Plus
• Time
• Document Manager

Tax Return Production

General maintenance

• Further improvements to performance relating to opening and generating of Tax Returns with PDF attachments.
• Correction to capital allowances to ensure that assets brought forward were showing on the summary, even if the written down value was £nil.
• Wording update to Capital Allowances General Pool and Special Pool.

SA100 Individual Tax Returns

• Added a validation between the SA800 Partnership Tax Return and the Partners' individual Tax Returns to show where the information on the individual Tax Return is not up to date.

General maintenance

• Fixed a validation for Scottish & Welsh postcodes that was showing incorrectly when the taxpayer was non-resident.
• Wording improvements on the Pension contribution and Annual pension allowance screens.
• An update to the annual pension allowance wizard's threshold income calculation.
• An update to the validation message for R&D expenditure as this was sometimes shown in error.
• An update to fix an issue where the fetch function was populating the pension information multiple times.
• In some circumstances, the annual pensions allowance was showing the tapered allowance data incorrectly. This has now been fixed.
• Fixed an error where, when there were no unused finance costs brought forward, '0' was being populated in PRO45. This was causing a conflict when the property allowance was then being claimed.
• Update to the wording on the SA302 where pension and gift aid payments increase the basic rate band.
• Changes made to the HS300 worksheet, following an update by HMRC.
• Foreign income wasn't appearing on the TaxCalc Summary in some circumstances. This has now been fixed.
• Update to the wording for the marriage allowance screen to aid completion.
• Fixed a validation for coding out tax that was showing incorrectly when payments on account reduced the balancing payment due to an amount below £3,000.

SA800 Partnership Tax Returns

• The SA800 Partnership Tax Return now includes a summary of data entered.

General maintenance

• An issue switching between a full breakdown of data and a summary of data has been fixed.

CT600 Corporation Tax Returns

• Improved integration between the account periods created in Accounts Production and the creation of a Corporation Tax Return.
• Ability to 'Edit Period dates' on the Corporation Tax Return dialog has been added.

General maintenance

• Issue resolved where the CT600 group relief was not being totalled correctly on the computation, although the final calculation was correct.
• Update to fix a couple of issues with CT600s failing online filing due to the format of the iXBRL accounts or computation.
• Update to the licensing for Corporation Tax Returns.

VAT Filer

Compliance

• EC Sales list data entry has been updated to include additional 'Indicators' and validations.
• Update to check the 'period key' associated with VAT obligation (period) dates, following guidance received by HMRC to advise that they are updating 'numeric' period key values.

Accounts Production

• The ability to electronically file dormant accounts (small-unaudited accounts) has been added.
• Advanced rounding rule to be applied by default for all new accounting periods for Limited companies
• Resubmitting accounts or forms to Companies House can cause a duplicate submission error. Before resubmitting Pending submissions to Companies House, users are now prompted to 'Check Status' to avoid an unnecessary rejection of the accounts, forms or incorporations.

Bookkeeping Integration Enhancements

Improved the bookkeeping integration for effortless connectivity and transfer of data.

• Improved the bookkeeping integration for effortless connectivity and transfer of data.
• For all bookkeeping integrations you can:
  • import third party accounts descriptions into TaxCalc
  • see a Check and Finish warning if importing from a period that was not locked (and therefore the information may be subsequently changed).
• For Xero integration:
  • A trial balance import is now available for leap years.
• For FreeAgent integration:
  • The client selection list will now show all clients and is no longer limited to 25 clients.
  • Imports of greater than 25 lines of entries are now possible.

Presentation Enhancements

• Customisation enhancements to the financial statements:
  • Option to use 'Period end' reference if the accounting period ends within the 7 day rule.
  • Option to display dormant on the cover page.
• Presentational enhancements to the trading profit and loss account:
  • Resolved an issue where b/f and c/f totals were not appearing consistently.
  • Option created to remove Corporation Tax section from the Trading Profit and Loss account.
  • Formatting and Brackets on the Trading Profit & Loss accounts for Profit/Loss on disposal of fixed assets have been enhanced, ensuring the profit is always shown as a positive value.

General maintenance

• Removed the blank page that would occasionally appear on the print preview.
• Reset the default inclusion of the Average Number of Employees Note for Registrar accounts.
• Reviewed and altered tagging where E-File submission failures occurred when sending accounts to HMRC, for example, tagging errors that occurred when there were more than two company Secretaries.
• Fixed an issue where more than one Joint Capital Account could not be set up for Partnerships.

Company Incorporator

• Update to sensitive names list to include:
  • 'Comisiwn y Senedd’, ‘Welsh Parliament’ and ‘Senedd Commission’
  • Senedd Cymru
• Updated regulated word list to remove 'Pharmaceutical'.
• Check & Finish message added to validate presence of corporate name when the Agent (delivering the application) is set as firm.

AML Centre

• Ability added to run AML ID checks and add verification records for a related party within AML Centre.

Practice Manager

• Ability added to view work item period ends in work management and job/task reports.
• Client services screen in service rendered now reflects whether Initial WIP has been billed (using the Time module).

General maintenance

• Reports in Report Manager can now be exported to PDF format.
• Included the ability to view the Tax Return SA period in work management, using the link icon.
• Method of payment is now retained when changing tabs in the client record before saving.
• Resolved an issue where clients could not be deleted on rare occasions.

Practice Manager Plus

• Ability to assign jobs or tasks to Teams and Report on Teams added.
• Ability to bulk assign jobs or tasks to Teams added.
• Ability to bulk create jobs with services to multiple clients added.

General maintenance

• Notification added to assist with re-setting user licences for renewals of Practice Manager Plus users.
• Corrections made to job template task status settings to ensure that jobs are not created incorrectly on rare occasions (causing loops).
• Removed the "licence expired warning" message being incorrectly displayed in the work management view.

Time

• New 'Minutes' column added to Time Logs, Time Analysis and WIP Overview screens.
• Ability to remember column choices on Time Logs, Time Analysis and WIP Overview screens added.
• Initial WIP can now be billed from the WIP Overview screen, even if no time or expense logs are associated with the relevant client service.
• Improvements in speed and performance across all screens.

General maintenance

• Update to the filter on the WIP Overview screen to ensure that initial WIP is included or excluded, depending on the 'billed' option selected.
• Notification added to assist with re-setting user licences for renewals of Time users.

Document Manager powered by SmartVault

General maintenance

• Removed the “Unable to connect to Document Manager” error message when accessing the Document Manager page in the client record for a non-Document Manager practice.
• Ability added to view the status of Document Manager clients in SmartVault, even without a Document Manager user licence or an expired Document Manager licence.

TaxCalc Product Update – Version 11.10.004 – Released on 06 October 2020

Please note:

• For Customers who have not already updated to Version 11 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

• Accounts Production

Accounts Production

• Resolves a problem where, under certain conditions, users were unable to connect to Quickbooks or Freeagent when importing a Trial Balance.

TaxCalc Product Update – Version 11.10.002 – Released on 21 September 2020

Please note:

• For Customers who have not already updated to Version 11 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

• Document Manager
• Tax Return Production
• Time
• Accounts Production
• Practice Manager

Document Manager

• Added the ability to access Document Manager from within TaxCalc.
• Document Manager customers can now enable TaxCalc clients in Document Manager from within TaxCalc.
• It is now possible to enable existing Document Manager clients and link them to a specific TaxCalc client.
• Included a default report to display the TaxCalc clients that have been enabled in Document Manager.
• Added extra security for configuration of Document Manager accounts.

Tax Return Production

• Updated the criteria for two current exclusions.
• Updated the Tax Payment/Repayment Summary to only show payments on account for 2020 if they have been shown as paid.
• Addressed the performance issues encountered on some MACs relating to opening and previewing Tax Returns.

Time

• Double-clicking on a parent row within the WIP Overview screen no longer opens the WIP Detail dialog.

Accounts Production

• The FRS 105 full financial statements cover page now includes 'Unaudited Financial Statements' text as expected.

Practice Manager

• Mail merge now correctly displays client addresses on preview and export.
• Jobs and linked tasks now correctly appear in the Work Management screens when using Work Management or Active Work table filters.

TaxCalc Product Update – Version 11.8.001 – Released on 20 August 2020

Please note:

• For Customers who have not already updated to Version 11 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

• eSign Centre

eSign Centre

General maintenance

• You can now download signed documents from eSign Centre that originally included special characters within the document name. If you experience an error please contact support@taxcalc.com with details of the eSign Envelope so this can be looked into further.

TaxCalc Product Update – Version 11.7.061 – Released on 13 August 2020

Please note:

• For Customers who have not already updated to Version 11 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
• VAT Filer
• Accounts Production
• AML Centre
• Companies House Advanced Integration
• Practice Management
• Document Manager
• eSign Centre
• Time

Tax Return Production

SA100

General maintenance

• The criteria for Government Gateway (HMRC) passwords have been updated to consider HMRC's new password rules.
• Changes have been made to the Self Assessment pre-population process to improve the fetching of employment, pension and Class 2 data.
• A token for the fetch process is no longer being requested for a user when one already exists.
• Inclusion of HMRC Specials and Exclusions that were raised by HMRC in June 2020.
• The computational reports have been optimised to address performance issues that were occasionally encountered when there were a number of capital disposals.
• Issues regarding capital disposals for non-residents have been identified and resolved.
• Improvements to the Tax Payment/Repayment Summary, including additional wording relating to the deferral of the July 2020 payment on account.
• Inclusion of state pension on the schedules that accompany the tax return (the 'wizards' summary).
• An information message is displayed when a taxpayer has employment income and self-employment, to advise that the maximum National Insurance calculations may be required.
• We have improved the generation of the client questionnaires.

Corporation Tax

General maintenance

• A validation message has been included where the loss being surrendered for R&D tax credits exceeds the amount of R&D expenditure.
• Inclusion of the increase in the RDEC rate from 1 April 2020.
• Inclusion of the increase in the SBA rate from 1 April 2020.
• A validation message relating to SBAs is now correctly displayed.

SA800

• A new business summary for SA800s which provides a clear, concise, summarised view of partnership information.

VAT Filer

General maintenance

• When an EC sales list had been created, it is now possible to fetch a VAT period from HMRC with the same VAT period start and end dates.
• The importing screen has been resized so that the 'Continue' button is always visible.

Accounts Production

• You can now include a logo on the front cover of the financial statement:
  • Add a logo to your firm's details within Admin Centre.
  • Add a logo to a client/business record within Practice Manager.
  • Display a firm and/or client logo on the front cover of the full financial statements (including a choice of positions), giving you the chance to add some personality and branding to your clients accounts.
• Change the order of relationships on the face of the accounts within the Officers/Partners pages.
• Users can now force page breaks on the financial statements:
  • Add or remove a manual page break from within Edit Notes, allowing you more control over how the content of your notes and narrative reports is presented.
  • A note/section heading is now shown where the content continues on to another page and is appended with the text “continued”.
• You now have the option to use “Advanced” rounding rules which will:
  • Contain rounding within a group of Fixed Asset 'movement' accounts, which are carried forward to a single account.
  • Allocate rounding to an appropriate director where postings have been made to the Directors Loan Account.
  • Assign any rounding differences to an allocated Profit and Loss AND Balance Sheet account code where appropriate (rather than all rounding being allocated to a Profit and Loss account code).
  • Display a split of the directors' balances on the Trial Balance.

General maintenance

• A new Check and Finish warning has been included to provide further details and prevent a rejection with the error 'Inconsistent duplicate fact values (core:IncreaseDecreasInCurrentTaxFromAdjustmentForPriorPeriods)' when filing a CT600.
• The Auditor’s Report now refers to the Companies Act where the Director's Report is included within Financial Statements prepared under FRS 105.
• You now have the option to change reference within the balance sheet declaration from “exemption from audit under section 477 relating to small companies/LLPs" to "exemption from audit under section 479A relating to subsidiary companies/LLPs".
• Tangible and Intangible Fixed Assets summary fixed within the Lead schedules report.
• The Check and Finish validation warning "The balance sheet does not balance" is now displayed appropriately in all situations.
• The statement "The notes on page x form part of these financial statements" no longer appears on its own page.
• The drop down list provided when creating a new share class now includes "Ordinary/Preference shares" by default in all situations.

AML Centre

General maintenance

• PEP information displays if the client/contact is a related party of the associate for a different identification.
• Sanction check records display if the client/contact is a related party of the associate for another identification.
• When running an AML check where the multiple address lookup is displayed, TaxCalc no longer crashes or gets stuck in a loop.
• The information is now populated when you add the related party only associated within AML Centre.

Companies House Advanced Integration

• Additional logic has been added to recognise "O'X" and "McX" and apply the appropriate casing within the sync wizard.

Practice Manager

• A new Bulk Update Tool is now available in work management to allow you to update multiple jobs and tasks en masse.
  • The updates include: Job / Task status, assignee and work item status.

General maintenance

• PDF encryption is enabled for email copies for annual accounts, VAT returns and Companies House forms.
• Work items that were previously associated with a task can now be deleted.
• Company Incorporation forms can now be opened from a task or job.
• Updated job and task dialog sizes are now usable at low screen resolution.
• Improvements made to client restriction, to ensure client information is secure.

Document Manager

• You can now send documents to Document Manager directly from a TaxCalc module.

eSign

• Included enhanced recipient management for user and clients within the recipient table.
• Enabled printing of the envelope history.

General maintenance

• Date and client filters are now filtering the correct information.
• Envelope names or document names are restricted to 100 characters to enable sending.
• Saving an envelope with multiple signers prior to sending the envelope now correctly enables signing for all parties.
• Envelopes including document names with invalid characters are successfully sent and retain names (without the invalid characters) within the Signable confirmation email.

Time

• The Time Logs, WIP Overview and Time Analysis screens show the notes made against time logs and these are included when printing reports or exporting data.
• When printing or exporting time data, it's now possible to choose whether to print/export details per screen or expand to show the detail.
• The WIP Overview and Time Analysis screens now include a 'right-hand mouse click' option which will expand/collapse all data on screen.
• Ability to add and remove columns on the WIP Overview and Time Analysis screens.
• The WIP Analysis screen now includes billing time logs against clients without tasks or jobs associated.

TaxCalc Product Update – Version 11.6.001 – Released on 04 June 2020

Applying the Update

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
• In addition, installation of this release will include the auto-creation of 2020 Tax Returns where 'auto-create work' was set on completion of the 2019 jobs and tasks and where the current installation is version 11.2.029 or before. This will be performed in the background and will also link the 2020 Tax Return to the already existing job or task (for 2020). You can continue to use the software whilst the Returns are being created, however, please note that the 2020 Tax Return may not be immediately available until this background process has been completed.

The following improvements have been included:

Product summary

• Accounts Production
• Practice Management
• Tax Return Production
• AML Centre

Accounts Production:

• To assist with the preparation of Financial Statements for clients that may have been affected by COVID-19, additional options have been provided:
  • Accounts prepared under FRS 105 include an option to disclose:
    • Post Balance Sheet Events.
    • Exceptional Items.
  • For accounts prepared under FRS 102 a new Accounting Policy is available for 'Significant Judgements and Uncertainties'.
  • The Auditor's Report includes an option to disclose:
    • Key Audit Matters.
    • An Overview of the Scope of Our Audit.
    • Our Application of Materiality.
  • The Audit Report refers to 'Independent Auditors Report'.
• Revaluation account codes are available on all Fixed Assets.

General Maintenance:

• The Audit Report automatically makes reference to 'period' (rather than year) where appropriate.

AML Centre:

General Maintenance:

• An Identification can be saved:
  • Where a new related party has been specified as a PEP (Politically Exposed Person).
  • After deleting a trust as a related party.

Tax Return Production:

WhatIf Planner:

• The WhatIf Planner for 2020/21 is now available.

Dividend Database:

• The Dividend Database for 2019/20 is now available.

HMRC Pre-Population APIs

• The 2020 HMRC Pre-Population APIs have been enabled.

General Maintenance:

SA100 / SA800 / SA900:

• HMRC Exclusions and Specials for 2019/20 have been updated in line with HMRC's current documentation.
• Balancing charge is included for electric charge points in Tax Return form SA100.
• An information message has been included for the change in treatment of personal allowance for top slicing relief calculations where income exceeds £100,000.
• Client questionnaire always displays the client's address details.
• Helpsheets included in the software have been updated for the 2020 tax year.
• The placement of the 'X' to represent that self-employed pages are included as part of the Tax Return has been corrected.
• Postcode data has been updated to ensure the correct tax rate is applied in all circumstances.
• Validation message for state pension will only be displayed if the taxpayer was born on or before 5 July 1954 and state pension hasn't been entered.

Corporation Tax:

• CT600s ending on or after 1 April 2020, with a £nil Corporation Tax liability now successfully file online.
• Zeros have been removed from boxes 735, 736, 737, 750 and 755.
• Validation message for box 736 is only displayed if data has been entered for an account period ending before 29 October 2018.
• CT600s for periods ending on or before 31 March 2016 now successfully file online.

Practice Management:

• Client summary engagement section includes the 2020 tax year.
• Data mining and reporting facilities include the following additional data:
  • UK life policies including voided ISAs.
  • Foreign life policies.
  • Adjusted total income.
• New mail merge letter regarding the Government's COVID-19 strategy and announcement that the payment on account for 31 July 2020 can be deferred.

TaxCalc Product Update – Version 11.5.056 – Released on 12 May 2020

Applying the Update

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
• In addition, installation of this release will include the auto-creation of 2020 Tax Returns where 'auto-create work' was set on completion of the 2019 jobs and tasks and where the current installation is version 11.2.029 or before. This will be performed in the background and will also link the 2020 Tax Return to the already existing job or task (for 2020). You can continue to use the software whilst the Returns are being created, however, please note that the 2020 Tax Return may not be immediately available until this background process has been completed.

The following improvements have been included:

General Maintenance:

• Fixes an update issue found in the 2020 Spring update Hotfix 2.

TaxCalc Product Update – Version 11.5.040 – Released on 20 April 2020

Applying the Update

Please note:

• For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.
• In addition, installation of this release will include the auto-creation of 2020 Tax Returns where 'auto-create work' was set on completion of the 2019 jobs and tasks and where the current installation is version 11.2.029 or before. This will be performed in the background and will also link the 2020 Tax Return to the already existing job or task (for 2020). You can continue to use the software whilst the Returns are being created, however, please note that the 2020 Tax Return may not be immediately available until this background process has been completed.

The following improvements have been included:

Product summary

• Accounts Production
• Anti-Money Laundering
• Tax Return Production
• Practice Management
• eSign Centre

Accounts Production:

General Maintenance:

• The fixed asset notes now display all asset types within both the financial statements and preview mode correctly for all client types.
• The average number of employees note now makes correct reference to the prior year.

Anti-Money Laundering:

General Maintenance:

• Within AML Centre an Identification Stage for a client is populated with the relevant data and can be saved and/or completed as required.

Practice Management:

• A new default report "Business Profit and Income Comparison" is included in Report Manager for the ability to report on total businesses profit and income instantly.
• When creating your own reports in Report Manager you can report separately on self employment, partnership and Lloyds profit and loss as well as income.

Please note that:

• The income is based on the taxable profits for a tax year and does not account for overlapping profits.
• Where passwords are used on clients these values remain protected and will therefore not be included on these reports in accordance with existing behaviour.

General Maintenance:

• It is now possible to update work for a client using options within the "outstanding work" dialog.
• Job Template using offsets with adjusted time measures now recurs as expected.
• Job template using the Tax Year End offset displays the correct Tax Year End date as expected.
• It is now possible to delete certain clients according to the expected behaviour.

eSign Centre:

General Maintenance:

• The available credits for your eSign envelopes are now displayed accurately.
• The client filter within the eSign dashboard can now be used.
• It is now possible to send the PDF's with compression for file versions greater than 1.4.
• Envelopes can now be sent with and without password protection.

TaxCalc Product Update – Version 11.5.039 – Released on 1 April 2020

Applying the Update

Please note: For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

In addition, installation of this release will include the auto-creation of 2020 Tax Returns where 'auto-create work' was set on completion of the 2019 jobs and tasks. This will be performed in the background and will also link the 2020 Tax Return to the already existing job or task (for 2020). You can continue to use the software whilst the Returns are being created, however, please note that the 2020 Tax Return may not be immediately available until this background process has been completed.

The following improvements have been included:

General Maintenance

• TaxCalc 11.5.0.39 allows upgrade to TaxCalc 2020 release where clients have multiple businesses with different year-ends. This version is not needed for users already on 11.5.0.38.

TaxCalc Product Update – Version 11.5.038 – Released on 26 March 2020

Applying the Update

Please note: For Customers who have not already updated to Version 11 this update requires an installer to be run. Please ensure that you have local admin rights before attempting the update.

In addition, installation of this release will include the auto-creation of 2020 Tax Returns where 'auto-create work' was set on completion of the 2019 jobs and tasks. This will be performed in the background and will also link the 2020 Tax Return to the already existing job or task (for 2020). You can continue to use the software whilst the Returns are being created, however, please note that the 2020 Tax Return may not be immediately available until this background process has been completed.

The following improvements have been included:

Product summary

• Accounts Production
• Anti-Money Laundering
• Tax Return Production
• Practice Management
• eSign Centre
• Document Manager

Accounts Production:

• Fixed Assets, options are now available to:
  • control the split of assets within the Tangible and Intangible Fixed Asset notes
  • show Cost or Valuation (where a revaluation has taken place).
• The position of the person signing the accounts, e.g. Director/Secretary, will now be displayed.
• Account codes for 'Revaluation' are now available on all Intangible and Tangible Fixed Assets.
• An option is now available to allow the Balance Sheet statement to refer to 'members have', where only one Director but more than one Shareholder exists.

General Maintenance:

• The Balance Sheet will now make reference to Net assets/(liabilities) where corresponding balances exist.
• Brackets on the Statement of Changes in Equity are now aligned.
• When generating opening balances on a Partnership, postings for closing stock are correctly assigned to Partners.
• The Audit Report has been updated to show the Other information paragraph at the end of the report.

Anti-Money Laundering:

AML Centre:

• It is now possible to run a sanction check (UK version) for a client/contact or related party from within an identification.
• Ability to create a sanction check record.
• Ability to link a file location with a sanction check record.
• Ability to set an expiry date for a sanction check record.
• An MLRO/MLCP can now create a task for a sanction check record for a client.
• Improvements have been made to Status Management including:
  • Ability to create a CDD stage and Task.
• It is now possible to filter records by client/contact and include/exclude archived clients.
• Improvements have been made to Trust clients including:
  • Ability to add a Corporate Structure.
  • Option to set relationship "PSC" for Trust.
  • Option to set relationship 'Is a PSC of' between two Trusts.
  • A new relationship type for 'Protector'.

General Maintenance:

• Small amendments have been made to SAR/ISAR to make the SimpleStep process even easier.
• Changes made to a client's record in Practice Manager are now automatically populated on an identification.
• Improved process for deleting pending searches, to allow unwanted searches to be easily removed.

Tax Return Production:

• Incorporation of 2019/20 SA100, SA800 and SA900 Tax Returns.
• Updated 2019/20 R40 repayment claim form.
• Updated screens for HMRC Helpsheets/Working Sheets.
  • Please note that HMRC had not provided final copies of all Helpsheets at the time of release so the printed form will not be up to date.
• Updated Form R185.
• Updated and improved Client Questionnaire.
• Incorporation of 2020 V3 CT600.
• Inclusion of new asset type 'Electric charge point' for capital allowances.
• Improvements to 'Working out your tax' section of SimpleStep.
• Improvements to Student loan data entry and inclusion of Postgraduate loans.
• Improvements to Pension contributions and Annual Pension Allowance data entry screens.
• Auto-selection for tax rates now includes Welsh postcodes & Welsh tax rates.
• Inclusion of Investor's Relief for Capital Gains disposals.
• Inclusion of non-residential and indirect disposals for non-resident individuals calculations for Capital Gains Tax.

General Maintenance:

• iXBRL accounts can be attached to an old CT600.
• Validation when 28 February year end created for CT600 when in a leap year.

Practice Management:

• Report Manager:
  • Client reports now have an option to include GDPR Consent details.
  • Client and GDPR Consent reports now include additional fields including 'Assigned to office'.
  • Data mining for Reports now includes VAT period ends.
• Practice Manager Plus:
  • A 14-day trial is now available for Practice Manager Plus.
  • TaxCalc trial now allows use of both live data and demo data.

General Maintenance:

• Improvements have been made to the recurrence of Jobs and Tasks, to make sure the correct outcome takes place in all situations.
• The Work Status set on Jobs and Tasks is now correctly updated.
• The due date of a Task is now being displayed correctly in all situations.
• The Note set against a Job or Task is now displayed against the correct work type.
• Reporting on VAT Return Periods and VAT Period Ends for a client with multiple businesses displays the correct results.
• Imported Reports now return correct results in all situations.
• Password protected clients cannot be accessed when selecting VAT Filer via the Launcher.
• It's now possible to add a VAT Registration number without the need to specify the VAT period end for all client creation methods.
• It's now possible for the full task dialog to fit on a screen with the lowest resolution.
• Using data mining for reports now populates the specified details.

eSign Centre:

• External PDF documents can now be attached to an envelope.
  • An Acceptable Use Policy (AUP) governing the attachment of external documents has been added into Section 15.15 of our EULA.
• A document relating to an associated client can be attached to a client's envelope, e.g. an SA100 for a Director can be added to an envelope holding the Limited company's annual accounts.
• It is now possible to password protect your eSign envelopes (using the same password as that set for PDF encryption).
• The 'Accountant' can now be added to an envelope as a signer or watcher.
• It is now possible to add Companies House Forms (including the Incorporation) to an envelope.

General Maintenance:

• An option is now available to delete an envelope without the status 'Sent to Client'.
• Client restrictions now apply to all areas of eSign Centre when viewing lists of clients.

Document Manager powered by SmartVault

• It is now possible to access Document Manager from the Launcher.
• A quick send option is now available within eSign Centre to 'Send to Document Manager' once the documents within an envelope have been signed.
• An option is now available to rename the document filename when sending a signed document to Document Manager from the eSign Centre.

TaxCalc Product Update – Version 11.2.029 – Released on 13 February 2020

Applying the Update

Please note: For Customers who have not already updated to Version 11 or who are on Linux 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

• AML Identity Checking

• Practice Manager

AML Identity Checking

AML Identity Checks have been upgraded to support a more technologically advanced service delivered by Equifax. This will provide a more secure service that allows better control over your AML ID Checks using improved functionality.

Service Update:

• A new SimpleStep wizard for the AML ID Checking service to easily take you through the process.
• Choose from three pre-configured profiles when screening a client: Global, UK Plus and UK Standard.
• Use additional search criteria such as Country of residence, Bank Account, Sort Code and Telephone Number.
• Fuzzy logic and refined algorithms to optimise matching capabilities and reduce unrelated alerts.
• An updated and improved AML ID Check report includes additional information to give you a comprehensive record of your client.

Please note: The upgraded service will need to be used from 31 March 2020 and will require changes to licencing and credits. Please see KB3048 - TaxCalc AML Identity Checking Service Upgrade for more information.

General Maintenance:

• Improved process for deleting pending searches which should allow you to easily remove unwanted searches.

Practice Manager

General Maintenance:

• An issue where on occasions, creating a client using the CSV import was not always displaying the imported Usual Year End in the client record is now resolved.
• Resolved the issue where on rare occasions, completion of a recurring task was creating duplicate tasks.

TaxCalc Product Update – Version 11.1.005 – Released on 08 January 2020

Applying the Update

Please note: For Customers who have not already updated to Version 11 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
• Tax Return Production

Practice Manager

General Maintenance:

• An issue where on occasions, a recurring a job was not always returning the next statutory deadline, has been resolved.
• Resolved the issue where on occasions, a recurring a job using the linked work to calculate the job dates was not always returning the next jobs due and start dates.

Tax Return Production

General Maintenance:

SA100:

• Reinstatement of 'Remove' button for PDF attachments.
• Basis Period tick box now launches the Basis Period wizard.
• In a small number of areas, removing the section tick boxes in SimpleStep mode was not always showing a warning that data would be deleted. This has now been resolved.
• An issue has been resolved where in a small number of areas, removing the section tick boxes in SimpleStep mode was deleting data even when 'No' was selected when the warning dialog was displayed.

SA800:

• It is now possible to create extra trade pages for a Partnership Tax Return.

AML Centre

General Maintenance:

Identification:

• AML identification can be saved or completed for SQLite user.