Print    Close   Tax Automation is a leading specialist in tax risk management tools and systems consulting. Our software and services enable tax professionals in any industry to simplify and improve the accuracy of their tax compliance and planning activities. At year end, do you find yourself handling a huge number of disparate spreadsheets in an effort to manage your IFRS reporting, capital allowance claims and capital gains computations? What is allowable, what is revenue, what qualifies for each type of allowance? Do you find yourself taking a view and using a best estimate more often than not? When you also consider that recent research by PwC (published in TAXATION magazine) reveals that more than a quarter of Revenue enquiries into corporation tax returns relate to capital allowances, you can see the need for a comprehensive solution to this increasingly complex problem. Tried and tested in some of the country's largest companies, the Tax Automation Capital Assets Database™ solves these problems by allowing the recording and tracking of capital expenditure for capital taxes purposes. It is a truly comprehensive capital assets system, dealing with all types of assets and taxes and allows reconciliation to the statutory accounts. Wasting assets and chattels are recorded as well as plant and machinery, cars, properties and all other types of chargeable assets. The software ensures fast and efficient analysis of capital expenditure and includes:   Allowances and depreciation claimed on an asset by asset basis;   Timing differences and IAS12 (and FRS 19) deferred tax reporting;   General pool, industrial building, short life asset and other allowance calculations;   Disposals for capital allowance and capital gains purposes (including part disposals, leases and wasting assets);   Intra group transfers and degrouping charges, making the software ideal for group planning activities;   Asset expenditure histories;   Rollover and holdover of gains;   Capital goods scheme adjustments and irrecoverable VAT analysis;   Stamp Duty Land Tax returns and administration. A rich user interface and powerful multi-level query capabilities allow you to find the essential details for your capital allowance claims or disposal calculations quickly and efficiently. In addition, all reports can be exported as fully featured Excel® spreadsheets with formulae for maximum flexibility and portability. With direct data feeds from fixed asset ledger systems, the software allows you to manage your capital expenditure for tax purposes throughout the year minimising the work at half-year and year end. A sophisticated multi-year environment then allows all claims to be maintained on a period by period basis. The Capital Assets Database™ is available in two editions: Enterprise Edition Using the power of Microsoft SQL Server 2000 or 2005 and new technologies such as XML, this client/ server edition of the software is designed for users with large asset portfolios that require detailed analysis and where access is required across the organisation. Desktop Edition For those companies with a smaller asset base and no need for organisation wide access, the Desktop Edition has all the same features as the professional edition but is installed on a single machine and has a limited storage capacity on the database (2Gb). The Desktop Edition uses the Microsoft SQL Server Desktop Engine (2000 or 2005). For more information and our current prices, please call us on 0118 988 0241, or e-mail sales@taxautomation.co.uk. You can also download a fact sheet on our Downloads page.