Business

How to Choose Self-Assessment Software

Self-assessment software is used by clients running a business where there is a need to record and log Individual Tax Returns, Partnership Tax Returns and Trust Tax Returns. When looking for self-assessment software that is going to be a good fix for you, it must be user-friendly, contain good reviews from previous clients and be designed specifically for accounting.

Choosing a program such as the BTC Software Solutions package is designed specifically for accountants preparing multiple and regular returns for VAT. Tailored for tax, finance and accounting the software allows you to complete tax returns whether they are for an individual, partnership or an entire trust.

All tax and VAT returns are fully validated before submission to HMRC. This means, if there has been any oversight or overlooked issues, they will be flagged before it is sent off and in time for any amendments.

BTC Software Solutions Self-Assessment platform lets you file the previous three years’ worth of VAT submissions and tax history online. The annual licence is easily affordable and the software is highly intuitive.

You will also find the layout and ease of information on its dashboard very understandable. Moreover, you will never have to be reminded of when those VAT or tax returns are due as the intuitive software gives you a reminder in good time, so you can prepare ahead.

No More Late Penalties

VAT and tax return information must be submitted by certain dates. The days when we would once ring a pen mark around the date due on a wall-hanging calendar are long gone. The BTC Software Solution Self-Assessment program gives you timely reminders, so you can avoid having to pay out on those late penalties and excess fees for late delivery.

Data is simple and easy to extract and peruse over on your screen. PDF files can easily be attached to your submissions and these might contain those crunched up till receipts accumulated from the travelling sales teams or managers claiming fuel reimbursements.

There are a number of key features this self-assessment software also includes:

  • Inclusive calculations for Scottish rates
  • Online filing as standard and saved
  • Creation of Individual Tax Returns data (Form SA100)
  • Creation of Trust Tax Returns (SA900)
  • Creation of Partnership Tax Returns (SA800)

The software also creates an automatic link between the data entered by you and your partner. This means there will be no overlapping and double-entry data cells.