Amortisation

This grid allows entry of amortisation per the accounts that is to be:

  • added back as a disallowed expense, or
  • allowed for deduction as a trading intangible fixed asset, or
  • disallowed and treated as a non-trading intangible fixed asset.

Amortisation

  • ‘Description’ Enter the description of the asset that has been amortised in the account.
  • Per accounts’ Enter the figure included as a deduction in the accounts.
  • Allowable as trading intangible fixed asset‘ Enter the amount to be allowed as a trading IFA.
  • Non-trading intangible fixed asset‘ Enter the amount to be disallowed and treated under the non-trading IFA regime.
  • Disallowable‘ This column will show the total amount that is disallowed and will be added back to the accounting profits.

To delete a line from the grid, click the ‘trash can’  button at the end of the line.

By clicking ‘Save‘ the figures will be updated to the adjustments to trade profit tab.

Using income losses against capital gains

Firstly, please ensure that you are making the best use of the losses before proceeding. Select the Capital gains tab from the data input screen Click on the Disposals tab, and enter the relevant information Click on the Capital Losses tab, and enter the amount of loss that you wish to set off against the […]

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Restricting access to clients

This feature is only available for multiuser accounts, it has been designed so that you can restrict user access for certain clients if required. Users with “edit client access” rights AND who have access to a client can assign or remove access rights via the Access tab on the client screen. The default is that […]

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User restrictions within Taxfiler

This function is only available for a multiuser license. Some functions within Taxfiler can be restricted from a user. From the SETTINGS icon select Users and select the user that you wish to edit Select Restrictions tab You will be presented with several functions which can be selected or removed via a tick box. For […]

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