Description
This latest edition of TAX TIPS & TOOLS contains a total of 97 highly practical and easy to use tax calculators, spreadsheets, checklists and other tax tools. They are all contained on a single CD and have been comprehensively updated for the 2008/2009 tax year. 14 of the tools are new to this edition.
TAX TIPS & TOOLS allows you to make complex calculations quickly and easily. Should I Incorporate?, for example, allows you to advise a client on this issue in a matter of a couple of minutes – something that could otherwise take hours. TAX TIPS & TOOLS has been designed for tax practitioners, particularly those who serve small and medium-size businesses.
If you are committed to providing your clients with tax advice which your clients perceive to be valuable and are happy to pay for, you absolutely need the latest edition of TAX TIPS & TOOLS.
--------------------------------------------------
SOME OF THE TOOLS INCLUDED WITH THE CD
--------------------------------------------------
Incorporation Tools
There are many tools to assist you in advising clients on whether to run a business as a limited company, partnership or sole trader, including the old favourites, Should I Incorporate? and Incorporation Issues. The tool, Keeping a Property Inside or Outside a Company? will calculate the most tax efficient way to keep a property, whether it is within the confines of a limited company or a partnership. This tool is easy and very quick to use.
Tax Credits Tools
Tax Credits 2007/08 (provisional vs actual) and Tax Credits 2008/09 (provisional claims) will allow you to calculate any tax credits repayments quickly and easily. Clients with incomes of £60,000+ may still be entitled to an element of tax credits, especially where childcare is being paid.
Trust Tax Calculators
These tools will calculate the Trust Tax payable for tax years 2007/08 and 2008/09.
Corporation Tax Calculator
A tool to calculate Corporation Tax which takes into account the time apportionment of periods. Accounting period starting on or before 1 April 2007
and ending on or before 31 March 2010 is catered for in this version.
Disincorporation
Using the Should I Incorporate? tool enables you to do the net income comparisons to include in this model. However this model deals with the tax position of the company and how the distributions will affect the individual shareholders. A sample report is also available showing the output from this model.
"Interactive" PAYE Review Checklist
This interactive tool guides you through a series of questions about your VAT and areas to consider if performing a health check review. It is a quality control checklist that generates a report for the client file to ensure you have covered all areas concerning the client.
"Interactive" VAT Review Checklist
This interactive tool guides you through a series of questions about your VAT and areas to consider if performing a health check review. It is a quality control checklist that generates a report for the client file to ensure you have covered all areas concerning the client.
Farming Losses Calculator
This model calculates the losses on a fiscal year basis where farm loss relief’s are only available against other income, provided losses do not continue for more than 5 years.
Use of Home as Office Calculator
HMRC will allow £2 per week for Use of Home as Office, however additional amounts can be claimed if justifiable. A proportion of fixed and running costs can potentially be claimed. Use this tool to make the calculation quickly and easily.
PAYE Settlements Calculator
A tool to calculate the tax and NI payable where benefits are "grossed up" and tax paid by the employer rather the employee.
--------------------------------------------------
TESTIMONIALS
--------------------------------------------------
"With all the pressures on time, it is good to have found tools that will help you answer certain scenarios for clients as quickly and efficiently as possible. It also provides the chance to undertake work that clients will pay GOOD money for! This is a must have tool for every busy professional who has their clients’ interests at heart."
Paul Miller, Cornish Accounting Solutions (Sole Practitioner)
"Tax Tips & Tools contains a multitude of useful templates and tools which help to simplify a busy working day"
Ian Stewart, Stewart Gorman Evans Limited (3 Partners)
“We have been purchasing Tax Tips & Tools for a number of years. With a growing tax department, we all use the calculators and find this to be an invaluable source of information to provide clients with a real understanding
of their tax.”
Alan Richards, McEwan Wallace (4 Partners)
“We have used the Tax, Tips and Tools package for several years and found it to be of great assistance, and more importantly a great time saver, in producing complex tax planning calculations. These are clear and concise and easy to explain to our clients.”
Ralph Quarton, Gibson Booth (4 Partners)
“Tax, Tips & Tools is a great collection of time saving, easy to use products which more than pay for themselves year in, year out."
Russell Leggett, Lovewell Blake (8 Partners)
BBS Computing
BBS Computing Ltd, on behalf of the 2020 Group, produces publications and software for the accounting and tax professionals.
