PTP Tax Fast enables you to assess
the options available to minimise tax liability easily and
efficiently.
Originally
developed to deal with the change from the preceding year basis to
the current year basis for sole traders and partnerships, it has
been enhanced to deal with all aspects of self employed basis
period calculations.
The latest version will help you to
determine the impact of UITF 40 and the various options available
to find the solution that minimises the tax liability.
PTP Tax Fast 8 also calculates the
taxation effects of a cessation or change of accounting date for a
sole trader or partnership, deals with the division of profits
between partners and has a useful tax provision routine. The
main features include:
- Covers periods from 1955 to 2045
- Calculates and relieves overlap
relief
- Deals with the abolition of the cash
basis
- Deals with UITF 40 adjustments
- Calculates tax provisions for
partners
- Allows for individual partner
expenses
