-
Demystifying XBRL – live events across the UK
Keytime will be joining the ICAEW on a number of their forthcoming events around the UK titled “Demistifying XBRL“.
These events are designed to help those agents filing tax returns and those who prepare statutory accounts, gain a better understand of the iXBRL standard.
-
The new millennium bug – really?!?!
Just been reading this article on AccountancyAge and was pretty amazed that such guffery (in effect, iXBRL will have as big an impact as Y2K) is still tolerated these days – take a look here
Whilst the change to iXBRL is a big one and will involve software house working like crazy to deliver it, consider this – any software house that does not deliver by April 2011 will be out of business.
-
Corporation Tax update now available
Quick reminder that the update for Corporation Tax is available and should be downloaded and installed as soon as possible if you wish to file Corporation Tax returns online.
There are also some minor amendments to Tax Professional in this update, mainly consisting of minor fixes that will improve the success rate of the internet filing of returns, so we do recommend this update is loaded at your earliest convenience.
-
Launch of New On-Line Corporation Tax Filing Service
23 November 2009: HMRC launch new CT Online service
This weekend, HMRC will be taking down the current CT online filing platform, and moving to the new service, ChRIS. To make sure that you can file your CT returns to ChRIS, we have produced an update to the Corporation Tax module and this will be released shortly.
You will need to install this update from 9am on Monday 23rd November
Updating is a doddle, as you can update from within Client Manager. Simply open Client Manager (Start // All Programs // Keytime // Client Manager), then select Update Accountants Suite from the Help // About menu.
-
HMRC need software houses to release XBRL enabled software quickly
Following a recent meeting with someone from HMRC who has quite a lot to do with the drive to web enable HMRC processes, a number of points became clearer in our understanding of the drive to move the efiling of corporation tax returns and statutory accounts from their current platform to i-XBRL.
-
Will Keytime be ready with XBRL?
Since HMRC further raised the profile of XBRL (or inline XBRL as it is apparently correctly described) via a recent mailshot and some online promotion, we have received several calls from customers enquiring as to our plans for facilitating this new filing method in Keytime software products.
Interestingly, one of our less scrupulous competitors has been telling prospect customers we have been jointly speaking to that Keytime will be unable to deliver XBRL with our current products. I felt this was a bit rich seeing as they are no further advanced than any other supplier!
-
Keytime Company Secretary and the Companies Act 2006 – further changes taking place on 1st October 2009
Changes affecting company secretarial procedures will come into effect on 1st October 2009 with regard to the recording and filing of information relating to directors and company secretaries of UK companies. The changes will affect certain information recorded in the software as well as the company forms produced and the electronic filing of forms with Companies House.
-
As one door closes another one opens
At the moment accounts and other attachments to online CT600 returns can be sent in PDF format. From April 2011 (and for all CT600 returns due after 31 March 2011) all CT600 returns will have to be sent online, and will have to include attachments using the XBRL format.
-
Development news from Keytime
I thought it a good time to update everyone on what we are up to in the Development team at Keytime.
We have been busy analysing the results of our recent software survey; many thanks to all who contributed. The overwhelming message is that we need to improve on what is already available. The 2010 version of Tax will concentrate on this and also improvements to areas such as Capital Allowances and the validation of returns prior to filing with HMRC.
-
“The way you send your client’s company tax return to HMRC is changing”
This week’s blog entry will focus on the change to filing company tax returns.
Recent Comments