Below are the Release Notes for TaxCalc 2023 releases. Click to see the Release Notes for 2013-2016 > 2017 > 2018 > 2019 > 2020 > 2021 > 2022 > 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.
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).
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.
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
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.
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.
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'
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.
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
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
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
Other updates within Accounts Production
General Maintenance
General maintenance – FRS 102 MLA
AML Centre
Tax Return Production
Practice Management
Communications Centre
eSign Centre
VAT Filer
Other
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.
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.