|
How do I reset the Hub admin password in TaxCalc
In some cases you may not know, or may need to reset the Hub admin password in TaxCalc. How you reset this will depend upon your TaxCalc licence. Non-Cloud user (Standalone or Network/Server) Open TaxCalc At the login screen, select Problems logging in? Click on I need to reset my admin user...
|
|
22 Sep, 2022
Views: 2393
|
|
|
How to create a Job Template
For Jobs that are regular in nature and workflow despite being for different clients, such as producing accounts, you can create and apply a Job Template which can be used to auto-populate certain selections for the Job and related Tasks. We have provided some default templates for Annual...
|
|
16 Sep, 2022
Views: 1364
|
|
|
Known issues in the latest released version of TaxCalc
Below is a list of notable issues that have been reported in recent versions of TaxCalc since their release. Other issues may exist that have not yet been confirmed or investigated, or are trivial/cosmetic. This should be read in conjunction with our article How are software enhancements and...
|
|
15 Sep, 2022
Views: 23670
|
|
|
How to send a Health Check report
In order to diagnose certain issues it may be necessary to send TaxCalc a Health Check. This can be completed from inside the program by using the menu options on the top toolbar. Help > Send HealthCheck to TaxCalc If, however, you cannot open the program, you can send a Health Check...
|
|
13 Sep, 2022
Views: 6073
|
|
|
How to utilise Current and Brought forward losses on a Corporation Tax Return.
This article will go through utilising current and brought forward losses on a CT600 tax return. Please select one of the following for instructions on how to do this: Offset current year losses Brought forward losses Offset current year losses To offset current year losses against profits...
|
|
13 Sep, 2022
Views: 13310
|
|
|
How do I create relationships for directors, company secretaries and partners in Practice Manager?
To create a relationship for a director, company secretary or partner who is listed in Practice Manager, complete the following steps: Launch Practice Manager. Double-click on the relevant company/partnership. Click on Relationships. Click on Create Relationship. In the wizard, select the...
|
|
13 Sep, 2022
Views: 3023
|
|
|
Merge of Data - What happens next
It is good practice for all TaxCalc users to work from a single database. Previous versions of the program have allowed multiple installations to exist however going forward to fully take advantage of new and forthcoming modules and products it is highly advantageous to work from a single...
|
|
09 Sep, 2022
Views: 363
|
|
|
Merge of Data Checklist
If a TaxCalc database is to be combined with another TaxCalc database the information that can be transferred is limited. The database with data being extracted is referred to as the secondary database. The database that will import this additional data is referred to as a primary database. The...
|
|
09 Sep, 2022
Views: 348
|
|
|
Capital Gains Tax refunds - how to receive a timely refund
Why does TaxCalc not provide information on Capital Gains Tax (CGT) paid? The reporting process for real time Capital Gains is something that software developers have not been given access to by HMRC so we cannot provide a link to this information via the Tax Return Production process in TaxCalc....
|
|
08 Sep, 2022
Views: 579
|
|
|
TaxCalc Backups
How to backup the TaxCalc application on the different installation types: NOTE: We do not hold any data with respect to the databases of Standalone or Server/Network users. It is the responsibility to the end-user to ensure that the necessary files are backed up. It is important to backup your...
|
|
01 Sep, 2022
Views: 35
|
|
|
TaxCalc Release Notes 2022
Below are the Release Notes for TaxCalc 2022 releases. Click to see the Release Notes for 2013-2016 > 2017 > 2018 > 2019 > 2020 > 2021 TaxCalc Product Update - version 12.4.009 - Released on 30th August 2022 Please note: For Customers who have not already updated to...
|
|
30 Aug, 2022
Views: 135009
|
|
|
How do I enter a long period/basis period in the SA800 return?
The Partnership return does not cater for basis period/overlap relief. The tax return does not provide a box to make the adjustment to apportion the details for the full period. The first return you submit should contain the apportioned amounts from the start date to 5 April. The second return...
|
|
25 Aug, 2022
Views: 1452
|
|
|
Anydesk configuration on Mac systems
Follow through the below instructions to assist with setting up an AnyDesk session on mac. IMPORTANT - If the customers broadband is TalkTalk, they will need to visit their online portal or contact TalkTalk customer service to get AnyDesk.com unblocked. For further information, see attached KB:...
|
|
24 Aug, 2022
Views: 241
|
|
|
Unable to Open Document, when trying to upload a pdf file from a network drive to a new envelope in TaxCalc
If you get the below error when trying to upload a pdf from a network drive to a new envelope in TaxCalc, please review the below steps. After clicking ‘Upload Document’ from the TaxCalc Envelope ‘Manage Documents’ page, you will need to: Select the network drive where you file is...
|
|
22 Aug, 2022
Views: 22
|
|
|
How to Report and Pay Tax on Capital Gains from UK Property
When is Capital Gains Tax (CGT) due on UK property? For UK property disposals which are not your main home, capital gains tax (CGT) will be due on gains which exceed the annual exempt amount (AEA). When does a gain on UK property have to be reported? Since 6 April 2020, if you’re a UK...
|
|
18 Aug, 2022
Views: 1582
|
|
|
Basis Periods (First year rules) - Worked example of a business that started trading in 2020/21
First Year Rules A basis period is the time period that is used to determine taxable profits for a tax year. Where there is a commencement of trade during a tax year, the basis period will usually run to 5 April of that tax year, so an adjustment to the taxable profits may be necessary. The...
|
|
17 Aug, 2022
Views: 766
|
|
|
Basis Periods (Second year rules) -Worked example of a business that started trading in 2020/21
Second Year Rules A basis period is the time period that is used to determine taxable profits for a tax year. In the first years of trade, this may not be the same as the accounting period. This can often mean that the taxable profits will not be the same as the net business profits for the...
|
|
17 Aug, 2022
Views: 705
|
|
|
HMRC Filing Exclusions and Special Cases 2021/22
HMRC Filing Exclusions 2021/22 Exclusions have arisen due to the previous introduction of additional allowances and bands for certain types of income, making the calculation of the tax liability more complex. HMRC systems expect our software to match their method of calculation in order for the...
|
|
16 Aug, 2022
Views: 162
|
|
|
ENV LoadIdData when starting TaxCalc from a users profile in a Hosted environment.
The following error may occur when TaxCalc is updated in a Hosted environment. The Administrator profile will be able to open TaxCalc without issue however users may encounter the following error message on startup. As long as the latest installer has been manually run on the...
|
|
10 Aug, 2022
Views: 174
|
|
|
What to do when receiving error 403 (Client or Agent not Authorised) - Practice User
If you have already filled under Making Tax Digital and you are receiving a 403 error (Client or Agent not authorised), there are multiple reasons this error can be returned but HMRC's investigations have shown that in over 90% of cases the reason is one of the following: The Government Gateway...
|
|
09 Aug, 2022
Views: 81
|
|
|
What to do when receiving error 403 (Client or Agent not Authorised) - Individual user
If you have already filled under Making Tax Digital and you are receiving a 403 error (Client or Agent not authorised), there are multiple reasons this error can be returned but HMRC's investigations have shown that in over 90% of cases the reason is one of the following: The token has the...
|
|
09 Aug, 2022
Views: 50
|
|
|
TaxCalc spreadsheet transaction templates
To assist you with complying with digital links for MTD reporting, we have produced spreadsheet templates for recording transactions and summarising totals. The totals can then be imported by VAT Filer (for quarterly MTD VAT return submissions) and will be ready for Business Filer (for quarterly...
|
|
08 Aug, 2022
Views: 1286
|
|
|
How do I carry back partnership losses?
To carry back a partnership loss for the current year to a previous year, you need to make a manual adjustment to your SA100 tax return for the year in which the loss occurred. You don't need to re-submit your return for the previous year and this cannot be done via the SA800 tax return. To...
|
|
01 Aug, 2022
Views: 1059
|
|
|
Where do I enter my tax code?
The Tax code is NOT entered into a return. Your PAYE tax code is provided by HMRC to your employer or pension provider, in order to work out how much tax to take off your pay each month. This should mean that the correct amount of tax is collected from your pay throughout the tax year and...
|
|
01 Aug, 2022
Views: 5097
|
|
|
#502 – fatal: Authorisation Failure (when submitting accounts to Companies House)
When attempting to file to Companies House, you may get the error message #502 – fatal: Authorisation Failure. If you receive this error. it means that one of the following entries is incorrect or missing. Please check all the details carefully and re-enter them where possible. Delete any spaces...
|
|
29 Jul, 2022
Views: 6391
|
|
Cookie Settings