Not for profit still taxableLtd by guarantee cos, unless registered charity, are still subject to normal tax rules, unless organisation qualifies for fully mutual status (HMRC clearance required)
Don't forget that grant income is normally taxable
Alphatax (TCSL)I have been using alphatax for over 4 years now - it handles all situations I have come across, working well for small cos with few adjustments in our accounts prep dept and complex groups. It calculates deferred tax well and this has saved time particularly post FRS19.
Complications such as long periods, and amending earlier periods following an enquiry are made simple. Modelling of cgt with Mar 82 and April 65 save loads of time, We operate a half day of in house training for new staff - most follow on problems arise due to lack of tax knowledge, not the software.
When we were going through the selection process, we found it easy to work out for ourselves and test examples on.
The other one we looked at was sage - horrendously complicated and not very user friendly.
Do all accounts need to be tagged?I thought I read somewhere that unincorporated associations do not need to tag accounts.
Also can anyone confirm the position for companies producing accounts for the charities and RSL sorps? Software for these formats is not widely available for compliant accounts production let alone iXBRL tagged. Many of the RSLs are I & Ps and therefore do not file with companies house.
In addition I note that TSCL is also listed as able to submit iXBRL documents and also computations which is not mentioned in the body of the article.