Software to calculate tax relief

Allowances4000, enables companies to calculate information on assets that are eligible for tax relief. The potential savings are significant for those that have traditionally used estimates or have outsourced the process to an external agency.

The system identifies and reports on allowances for those assets that are grouped (e.g. all the assets in a new building) and are eligible for Industrial Buildings Allowance (IBA). It also calculates allowances for such categories as Plant & Machinery (P&M) and Fixtures & Fittings (F&F) using variable rules.

Benefits

• Ideal for quick and accurate 'what if' tax allowance computations.
• Stores allowances for past, current and future years
• Calculates allowance from either a purchase or a capitalisation date.
• Produces detailed reconciliation reports grouping figures by allowance rule.

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