Final accounts for FRS102

When a company is ceasing trading and being closed, there is no requirement to enter a cessation date – although you will need to end the accounts on this date.  You can enter the fact that you are using a breakup basis within the policies.

This is accessed via the Policies tab within the accounts, click on + Add a new policy or paragraph…  

Select ‘Going concern’ policy.  

You should then choose Break-up basis from the drop-down list, under Preparation and enter an explanation in the free text field available.

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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