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How do I use the demo database?
The demo database allows you to practise using TaxCalc on a separate standalone database and trial its features without having to enter lots of data. To use the demo database, follow these steps: Start up the trial product in TaxCalc. Click on Notifications in the top right-hand corner. ...
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04 Jul, 2022
Views: 3068
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What's the difference between renewing, upgrading and updating my TaxCalc software?
At TaxCalc we use the same terminology that's used across most software markets. Some of these expressions can seem similar so to avoid confusion, this page gives an explanation of each. Renewal If you're a user of our Accountancy Practice software, you'll be invited to renew your package 30...
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08 Nov, 2022
Views: 3042
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How do I use the What If? Planner?
You can use the What If? Planner to forecast next year’s tax liability by following these steps: Open the SA100 tax return in question Go to Check & Finish. Click on What If? Planner Enter the income figures: Click on Use 2024/25 Values and use Add/Edit for each section to adjust...
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25 Mar, 2025
Views: 3038
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How to reflect Goodwill relief on the Corporation Tax Return?
HMRC have recently amended the rules (01/04/2019) on instances where profit can be reduced by claiming corporation tax relief on goodwill and relevant assets. We would recommend reading the HMRC guidance further on this particular topic to ensure you understand this fully before any entries are...
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28 Mar, 2022
Views: 2923
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How do I claim reinvestment relief for SEIS shares?
For comprehensive information on the Seed Enterprise Investment Scheme (SEIS), including when you can claim relief, read HMRC guidance: Seed Enterprise Investment Scheme – Income Tax and Capital Gains Tax reliefs. To claim reinvestment relief for SEIS shares you'll need to complete the claim...
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07 Jun, 2023
Views: 2897
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Class 4 National Insurance Contributions maximum charge when Class 1 contributions are also paid
What is meant by 'maximum charge' HMRC's annual Class 4 National Insurance Contribution (NIC) maximum is the device that limits the amount of Class 4 NICs payable in a tax year in addition to any Class 1 and 2 NICs payable. This means that an individual who is both employed and self-employed...
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14 Feb, 2023
Views: 2767
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How to register for online filing to HMRC as a Non Resident.
If you are a non-resident, you will be unable to register for online filing in the normal way as HMRC require you to have a National Insurance number (NINO) or a Unique Tax Reference (UTR) already. If you do not have either of these, you will need to contact HRMC. Our customers previously have...
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29 Mar, 2022
Views: 2764
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How much tax will I need to pay in January?
The information you provide within the SA302 calculation will determine how much tax is due. This calculation will then apply any tax already deducted and leave you with a balancing payment (if there's any tax outstanding) or a repayment due (if you've overpaid in tax). If your total tax bill is...
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25 Mar, 2025
Views: 2755
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Why can't I print PDF attachments?
TaxCalc can only print PDFs created using versions 1.4 to 1.7. To check the version of your PDF, complete the following steps: Open the PDF document. Click on File in the left-hand corner. Click on Properties. Check the version number in the pop-up window. If you can't print the PDF,...
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17 Feb, 2021
Views: 2729
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CT600 (version 3) Important Information
This form is used for periods starting on or after 1st April 2015. After a successful beta of this return type, online filing has been enabled. If you do notice anything unusual, you should report it to the Support Team at support@taxcalc.com. Please note that the 2015 CT form no longer has a...
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04 Apr, 2023
Views: 2698
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How do I submit a tax return online?
Once you've completed your tax return, you can submit it online using TaxCalc. To do this, please see our video tutorial below: Alternatively, please see the written steps below: Click on Check and Finish. If there are no errors, click on File Online. Make sure the Test File box is...
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05 Nov, 2020
Views: 2438
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Where do I enter Coronavirus other support grants on a SA100 and SA800
To declare CJRS (Coronavirus Job Retention Scheme) claimed through HMRC, and other grants provided by local government to support businesses through the Coronavirus pandemic please refer to the below instructions on where to declare this. Please note, SEISS grants reference has been removed from...
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25 Mar, 2025
Views: 2283
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Which box does my mileage figure post to in the wizard?
There are two possible sections in TaxCalc where you can enter the mileage figure. SimpleStep mode: Your Work > Employment > Fringe Benefits > Vouchers, credit cards and excess mileage allowance > Mileage Wizard. OR Your Work > Expenses > Business travel and subsistence...
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06 Jun, 2023
Views: 2271
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Why am I not receiving tax relief for my pension contributions?
You'll only see tax relief for your pension contributions if you pay tax at the higher rate. You make pension contributions net of basic tax. If you are a basic rate taxpayer, you receive tax relief in the form of HMRC topping up your payment by 20%. You get the tax relief automatically if...
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20 Aug, 2019
Views: 2256
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Restricted Finance Costs from Property Income
Restricted Finance Costs from Property Income From 6 April 2017, new rules were introduced to restrict deductions from property income for finance costs for residential properties for individuals . The measure was introduced is to restrict relief for finance costs to the basic rate of income tax...
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29 Mar, 2022
Views: 2255
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