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AML ID Checking: Collateral
AML ID Checking placeholder KB for collation of collateral We have collated all the information we think you'll need to get started on the setting up using and reporting within AML ID Checking so that you can get the most out of it for your practice. Starting with AML ID Checking These...
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18 Feb, 2022
Views: 0
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AML Centre: Collateral
TaxCalc's Anti-Money Laundering (AML) Products helps accountants bookkeepers and other finance professionals meet their obligations under the Money Laundering Regulations which apply to their clients and their Firm. We have collated all the information we think you'll need to get started on the...
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18 Feb, 2022
Views: 0
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How to produce Business Risk assessment report in Taxcalc
A risk assessment is the process of identifying and evaluating potential hazards in the workplace concerning the day-to-day running of a business organisation. It is a legal requirement that involves identifying company's risk taking timely measures to control hazards and mitigate risks and...
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18 Feb, 2022
Views: 0
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TaxCalc AML Identification Checks Detailed Guide
Placeholder KB for TaxCalc AML Identification Checks Detailed Guide
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18 Feb, 2022
Views: 0
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Getting Started with AML ID Checking
This easy to understand Help Guide contains useful information as well as clear and simple instructions on how to perform an AML search via the TaxCalc website. Please see the Getting Started with AML ID Checking Online guide for details on how to use the AML ID Checking service online. Need...
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18 Feb, 2022
Views: 0
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How do I find a missing file? (Individual, Partnership and Limited Company users)
When using TaxCalc's non -practice (Individual, Partnership and Limited Company) range of products, all returns that you create are stored on your local machine as return files. The files will be named with the following extensions: Individual – .tcsXX (where XX is the relevant tax year –...
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15 Dec, 2020
Views: 8638
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How to backup and restore my VAT information - non-practice user
Unlike the tax return data, VAT information is stored in a database and therefore we need to ensure that you have access to this data in the event of moving information between machines. In order to take a backup of your VAT data please follow the steps below: Open TaxCalc Click Help >...
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15 Dec, 2020
Views: 3
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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...
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15 Dec, 2020
Views: 10633
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"Unable to Connect" using TaxCalc APIs
Under certain conditions we have seen some reports of access to certain areas of the application through APIs (Accounts Production Trial Balance Imports and Document Manager) not working as expected. You may get the below error or the options within the Accounts Production import screen may be...
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15 Dec, 2020
Views: 0
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TaxCalc Release Notes 2020
Below are the Release Notes for TaxCalc 2020 releases. Click to see the Release Notes for 2013-2016 > 2017 > 2018 > 2019 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...
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14 Dec, 2020
Views: 108889
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Companies House form changes after Brexit
Following the end of the Brexit transition period, from 1 January 2021 some Companies House forms will change to remove references to ‘EEA’ & ‘Non-EEA’ . In TaxCalc we will be updating the following forms from 11pm 31 December 2020: CS01 Confirmation statement IN01...
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14 Dec, 2020
Views: 1
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MTD for Income Tax
HMRC's MTD Plan Making Tax Digital (MTD) is HMRC’s plan to become one of the most digitally-advanced tax administrations in the world. This means that big changes are needed to our current tax system, affecting both how data is collected and how it is stored by HMRC. MTD will apply to VAT,...
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14 Dec, 2020
Views: 0
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Financial Reporting after Brexit
How will Brexit affect financial reporting? The uncertainty caused by Brexit may affect the accounting estimates that are used in various areas of financial reporting, such as fair values, impairment assessments and going concern forecasts. Wording of disclosures on potential risks also requires...
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14 Dec, 2020
Views: 0
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Tax on COVID grants
During 2020, and probably continuing throughout 2021, the government are providing grants to assist businesses that have been affected by the Coronavirus pandemic. How are COVID grants taxed? The legislation confirms that all COVID-19 support scheme payments are taxable under either Income Tax...
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14 Dec, 2020
Views: 1
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Do I need to complete an EC Sales List after Brexit
For the export of goods or the supply of services made to EU businesses on or after 1 January 2021, you will not need to submit an EC Sales List (ESL). You will have until 21 January 2021 to submit ESLs for sales made before 1 January 2021. You’ll still need to submit ESLs if you sell goods...
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09 Dec, 2020
Views: 24
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Changes to accounting for VAT when trading with the EU after Brexit
The transition period that followed the UK leaving the EU comes to an end on 31 December 2020. From 1 January 2021 countries in the EU will be treated the same way as the rest of the world when it comes to accounting for VAT on imports and exports. Importing from the EU From 1 January 2021...
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09 Dec, 2020
Views: 4
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Filing VAT returns after HMRC remove the XML filing service
What are the changes for VAT Filing from 8 April 2021? Recently, HM Revenue and Customs shared news of changes to its IT infrastructure involving the migration of VAT customer accounts to a new system. Following this migration HMRC will decommission the current XML submission service from 8 April...
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07 Dec, 2020
Views: 17
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How to change the Advanced Display Settings within TaxCalc if the software does not display as expected
We are aware that on some machines with particular graphics cards/drivers or on Terminal Server configurations, the program may not behave as expected. Some users have reported blank screens and others have reported that the program will crash when trying to select a tax return or open a set of...
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02 Dec, 2020
Views: 4564
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How do I move to a new computer, including to a different operating system?
There are now Linux and Mac versions of TaxCalc for all customers except Practices running the network version. Of course, our Windows versions continue to exist for all customer types. This article will help you move to a new computer, including between the different operating systems. The...
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27 Nov, 2020
Views: 6046
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Capital Gains Tax (CGT) on HMRC Forms
Please see the following instructions on how to complete the Capital Gains Tax (CGT) pages on HMRC Forms Go to Capital Gains > Do you want to complete the Capital Gains page? ‘Yes’ > Do you wish to use Forms Mode? ‘Yes’ HMRC Forms mode is a form filling exercise where you...
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25 Nov, 2020
Views: 13
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Mac OS Big Sur & TaxCalc
In November 2020 Apple released the Big Sur operating system (v11.0). If you are running a Mac and have upgraded to Big Sur, for TaxCalc to run as expected you will need to use the following installer file, TaxCalc - v11.11.058 (Autumn 2020) Big Sur release. If you experience a prompt around...
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17 Nov, 2020
Views: 1891
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System Requirements for TaxCalc
TaxCalc is either ‘fully supported’, ‘partially supported’ or ‘unsupported’ running on the configurations of operating system as listed here. Fully supported TaxCalc is optimised to work on the specified versions of these operating systems and all releases are tested on them....
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16 Nov, 2020
Views: 8760
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Issues installing TaxCalc on Catalina/Big Sur OS
Currently TaxCalc is partially supported on the Catalina operating system (which was released in October 2019) and Big Sur (release November 2020) as per our System Requirements for TaxCalc. If your Mac has been updated to Catalina or Big Sur, you should find that TaxCalc works as expected and...
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16 Nov, 2020
Views: 2703
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How to complete Advanced Security for Cloud Connect Users
If you would like to find out more information on Advanced security please feel free to have a look through our other Knowledge base article: What is Advanced Security? This article will run through the steps on completing the Advanced Security for Cloud. Open your web browser. Go to...
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16 Nov, 2020
Views: 704
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All you need to know about Student Loan repayments
By clicking on the below links, it will take you directly to that section of the article: #New SLC online service for SL and PGL: #Overview: #Payment Thresholds: #Filling in a Tax return if you are repaying a SL or PGL #Review of SLC loan repayment calculations for a SL and PGL #Loan was paid off...
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11 Nov, 2020
Views: 5203
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