UK Company Tax Return
Dkans Group Limited is a diversified international company set up in Hong Kong in spring 1999. With ten years' development, the group has owned more than 38 holding subsidiaries, 88 equity participants, over 3000 cooperators and more than 20000 direct clients around the world. By 2008, the group has established four business systems and laid the foundation for a sustainable development in the next decade. It is no longer just a supplier of all-dimensional solutions to enterprises, but also an investor in industrial development.
The group has two main fields: business service and business investment. Dkans has set up a business service platform, esp.for SMEs, which consists of nine service centres, serving the world of business professionally & reliably, laying a solid foundation for Dkans development in the near future. Also Dkans is seeking win-win cooperation
Company Tax Return
Tax Assistant includes modules for producing Company Tax Returns. There are two versions available, a Basic version and a Full version.
Supplementary Pages are included for Loans to participators by close companies (CT600A), Controlled foreign companies (CT600B), Group and consortium (CT600C), Insurance (CT600D), Charities and Community Amateur Sports Clubs (CT600E), Tonnage tax (CT600F), Corporate Venturing Scheme (CT600G), Cross-border Royalties (CT600H), Supplementary charge in respect of ring fence trades (CT600I), and Disclosure of tax avoidance schemes (CT600J).
Comprehensive facilities are included for creating supporting schedules for items such as trading computations, capital allowances, loan relationships, taxed income, overseas income, property income, enhanced R&D expenditure and capital gains. There is also a facility to include a section of additional information in "free text" form to accompany the schedules.
Filing By Internet (FBI) is supported through an optional data communications module called FBI Courier which transmits tax return data to HM Revenue & Customs and receives responses from HM Revenue & Customs using the Internet, thus providing a fully integrated FBI solution. The Company Tax Return and FBI Courier programs can be set up to provide a fully automatic, seamless interface with the HMRC Self Assessment computer system.
The following features relate to the Full version. The Basic version is restricted, as indicated above.
Client filing system
Transferring client data from the previous year means that all data which does not, or is unlikely to, change from year to year (e.g. company name and reference number, directors' names, relevant supplementary pages, bank account names) is instantly copied from the previous year's Company Tax Return to create the "skeleton" of the current year's return, thus saving a large amount of data entry from year to year.
On-screen display of the Company Tax Return form
Notepads with "point and click" icons (Full version only)
Calculators for special functions
Trading adjustments for tax purposes for calculation of taxable profits, taking into account disallowable expenses, balancing charges, capital allowances, and non-trading income. This function is only available in the Full version.
Capital allowances for calculation of capital allowances and balancing charges, based on the initial value brought forward, writing-down factors, proportion of private use, and sales. This calculator also deals with first year allowances. This function is only available in the Full version.
Non-trading loan relationships for calculation of net profits and deficits from loan relationships and derivative contracts, taking account of profits and deficits for the current period, deficits brought back from later periods, and deficits brought forward from earlier periods. This function is only available in the Full version.
Marginal relief for calculation of marginal starting rate or small companies relief, taking account of taxable profits, franked investment income, number of associated companies, the upper and lower limits for marginal relief, partitioning between two financial years with different tax rates in each year, and apportionment for accounting periods less than a full year.
Non-corporate distributions for calculation of additional tax due resulting from non-corporate distributions. This includes support for NCDs brought forward and carried forward and apportionment of matched profits between corporate and non-corporate distributions.
Chargeable gains and allowable losses for calculation of the gains and losses arising from the disposal of capital assets, including incidental costs of acquisition and disposal, and indexation allowance. This function is only available in the Full version.
Corporation Tax Calculation
Printed reports of Company Tax Returns, supporting schedules and tax calculations.
Tax Assistant produces high quality printed reports on laser printers. The substitute Company Tax Return produced by Tax Assistant is approved by HM Revenue & Customs for submission in place of the official Company Tax Return form. Schedule printouts have headers and footers containing the company name and reference number, and the date. The Company Tax Return, including the supplementary pages and schedules, can also be saved as a Portable Document Format (PDF) file that can be sent to the client by email. Printing of the Supplementary Pages and the schedules is only available in the Full version.