Management expenses

This section is accessed via the data input tab within the tax return and is used to add details of management expenses and capital allowances for investment and life assurance companies.

Management expenses

  • Description‘ Enter a brief description of the expense.
  • Per accounts‘ Enter the expense per the accounts.
  • Allowed‘ Enter the amount of the expense allowable as a deduction.

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

Period summary

  • Excess management expenses brought forward’ Enter any excess management expenses brought forward from an earlier period.
  • Total available for relief‘ This field shows the total management expenses brought forward and arising.
  • Used this period’ Enter the management expenses to be utilised this period.
  • Surrendered to group (from group relief)’ This field shows the total excess management expenses that have been surrendered for group relief in this period.
  • Excess to carry forward’ This field shows the total unused excess management expenses to be carried forward.

Capital allowances

  • Capital allowances for business management’ Enter the total capital allowances claimed on expenditure used for business management.

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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