Software to calculate tax relief

Allowances4000 is a tax-planning facility designed specifically so as to provide users with current and accurate information on those assets that are eligible for tax relief.

Combining one-step allowance calculations with the capacity for separately definable tax years and easily configured allowance rules, Allowances4000 uses the records from within the Asset4000 module to provide organisations with an easy-to-use tool for gathering information on qualifying assets.

Since Allowances4000 is designed to accommodate grouped assets, such as an extension to a warehouse, which may require claims for Industrial Buildings Allowance (IBA), capital allowances for Plant and Machinery (P&M) or Fixtures and Fittings (F&F), capital expenditure may be apportioned to incorporate any number of allowance rules.

Accounting events, such as transfers and disposals, are automatically taken into account and detailed reconciliation reports outline the effects these calculations have under the various allowance rules.

RAMs Allowances4000 is an extremely cost effective system, which not only provides the flexibility to calculate individual and pooled costs, but will also calculate asset allowance costs instantly. As a tax planning tool it is invaluable for allowing quick and accurate what if computations.

Key Features and Benefits:

• Allows users to perform one-off calculations against a specific project.
• Produces detailed reconciliation reports grouping figures by allowance rules.
• Enables users to store allowance costs for past, current and future years.
• Produces speedy and accurate what if computations.
• Affords significant cost savings for organisations that have traditionally used estimates or have outsourced the process to an external agency.

Real Asset Management strives to maintain its high standards within the software industry and has received the following accreditations: