Cessation of a company

Final accounts need to be prepared from the last annual accounts to the final date of trading, this together with the CT600 need to be submitted to HMRC.

FRS102 Accounts

Within Taxfiler this can be done by entering a breakup basis within the policies for the accounts.

Select the Policies tab and click on the + Add a new policy or paragraph button

A pop-up window will open, select going concern

A pop-up window will open, select “Break-up basis” from the dropdown list

CT600 return

When you are ready to complete the CT600,

Select Trading Profits from within the data input tab

Tick the box for Cessation of qualifying activity in this period?

Once the accounts and tax return have been submitted, all final payments made, the bank account has been closed and any other issues finalised you need to complete a Form DS01 and send it to Companies House, Taxfiler does not have this form.

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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