Group Function

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The Alphatax Group Function has been designed to accumulate key information from company computations so that it can be quickly and simply viewed in a single location from a group perspective.

The Group function enables interactions between members of a group of companies to be managed in one place. Group relief claims and surrenders of losses and other transfers are entered once. A clear view of the revised group position is presented. Once the planning has been done, the company record is automatically updated. The Group function uses the same structured approach to the surrender of EUFT and the allocation of group tax payments.

Group reports are automatically created. These summarise the group’s position both for general tax planning purposes and group tax accounting.

The Group function is straightforward to use and is designed to avoid the risk of human errors. A group file can be created in seconds, as it is based on data within the company files. Surrendering and claimant companies are automatically identified, as are different accounting periods and companies that have either joined or left the group during the year. The user only needs to enter actual amounts to surrender or claim to complete the group relief.

This is then automatically posted back to the company files. Changes to group relief can be made quickly and there is no need to update the company files for carry forward figures as this is automatically done.

The way forward

For more information or to book a presentation, please contact us and ask to speak to a member of our new business team.