Abacus Personal Tax has been specifically designed by Deloitte to cater for the most complex types of Personal Tax return.

The software is used throughout Deloitte for the preparation of Personal Tax returns, and is also used in areas of industry where there is a large expatriate workforce.

Automated return completion

Abacus Personal Tax includes a full set of Inland Revenue-approved facsimile forms which the software automatically completes. The following returns are supported:

• Main return
• Employment return (including MPs and Ministers of Religion)
• Share schemes
• Self-employment
• Partnership - long and short versions
• Land and property
• Trusts and estates
• Lloyds
• Non-resident return (including IR302 and IR304)
• Foreign income return
• Capital gains

The software will also calculate payments on account, and cater for changing circumstances.

Risk assessment

The software includes two tax calculations - one following the Deloitte process and the other, the Inland Revenue instruction sheets. This enables the preparer to have complete confidence in the tax calculation.

Abacus Personal Tax provides a full audit trail. A source must be entered for each number. Each time a cell is changed, the date and time of the change, and the name of the person that altered it, is added to the audit trail.

Expatriate tax

Abacus Personal Tax includes full functionality for most aspects of expatriate tax. It includes:

• Fully flexible calculation of relief for overseas workdays
• Integral tax gross up calculations that handles the most complex situations accurately
• Non-resident relief automatically calculated
• Item by item calculation of foreign tax credits
• Full tax equalisation schedules

Automation

Abacus Personal Tax also provides a fully integrated compliance solution:

• Full live integration with Abacus Partnership and Abacus Trust Taxation
• On-line data collection tools are available
• Integration with workflow, administration and tracking modules
• Opportunity to fully automate tax return production from external data sources including payroll, P11D, spreadsheet and database packages.

Support

Deloitte is committed to the future development of Abacus Personal Tax. The product is developed by a specialist team with expertise in all areas of personal tax compliance and software development. There are at least two releases a year, to update the software for legislative changes and to include system enhancements.