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Is it worth buying?

Is it worth buying?

I'm just about to buy Taxcalc 2012 and am debating whether to buy the 'value added system'.

Has anyone here purchased it before and was it worth the £45?

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11th Apr 2012 22:26

At £45?

It must be difficult not to be worth £45!

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12th Apr 2012 09:17

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I found it useful last year doing projected comps for people around the £100k mark and you can print out a natty little computation for them.

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12th Apr 2012 10:29

What does it do?

Taxcalc don't really give anything away on the website so I was interested in knowing what the product actually did. 

@petersaxton - whilst £45 isn't a lot of money, I'd like to know what I'm buying, so any additional information or user reviews anyone can give would be great.

@ireallyshouldkn.. - I can see the value there, I'd be interested in a product which would help OMB's decide on the split and timing of dividends, whilst this is the sort of thing I normally do on a spreadsheet a tax product that did some of calculations for me would be great.

 

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12th Apr 2012 10:44

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Well what the tax planning bit does is you can populate a computation with the prior years data and then amend it as you see fit to see the tax result, its just an extra report a bit like the errors report etc. Like you I used to do it in a spreadsheet but this is easier and takes into account more complex situations you wouldn't build into a bog standard sheet as all the computational functionality is there .

Its not terribly sophisticated as you still have to tweak the numbers (ie it doesnt do a "solve" on what the level of dividends should be) but i found it useful and have ordered it again this year.

I think some of the other functionality such as variance reporting is beefed up too. You should be able to click a link on the site which gives a list of whats in, but it doesn't tell you too much about what the features actually are.

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13th Apr 2012 13:10

Is this the right way?

"Taxcalc don't really give anything away on the website so I was interested in knowing what the product actually did."

Is this the perfect opportunity to phone the company and find out?

"@ireallyshouldkn.. - I can see the value there, I'd be interested in a product which would help OMB's decide on the split and timing of dividends, whilst this is the sort of thing I normally do on a spreadsheet a tax product that did some of calculations for me would be great."

I would have thought that the split and timing of dividends could be decided in a few seconds by knowing  the distributable reserves and shareholders other income. Using programs and spreadsheets seems overkill.

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