Real-time online accounts to replace annual tax returns

End-of-year paper tax returns will be scrapped in favour of “real-time” online accounts by 2020, Chancellor George Osborne announced.

The Budget confirmed plans to switch to “digital tax accounts” by 2020, ending the annual rush to file a tax return.

Instead, individuals and small businesses will submit accounts throughout the year via computer, tablet or smartphone.

Mr Osborne called it “a revolutionary simplification of tax collection”.

People will be able to pay their tax at any point throughout the year.

They will ...

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Auto-enrolement Pensions – Fact Sheet

The law on workplace pensions has changed. Every employer with at least one member of staff now has new responsibilities, which include enrolling employees, who meet certain criteria, into a workplace pension scheme and contributing towards it.

This is automatic enrolment. It is so named because it’s automatic for your staff – they don’t have to do anything to be enrolled into the pension scheme. But it’s not automatic for employers. You need to take steps to make sure they’re enrolled.

All ...

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Recurring Invoicing / Repeat Invoicing

With ICAN you can now schedule invoices to automatically generate and email to your customers with the new Recurring Invoicing function.

What is a recurring invoice?

A recurring invoice is a template that specifies an amount, list of items, customer and a schedule, based on which ICAN generates invoices on a regular basis.

How do I create a recurring invoice?

  1. Go to ‘Invoices’
  2. Click “New”
  3. Create an invoice as per any ...
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New Human Resources (HR) Module – Manage Employees and Hours Worked

hr_1With the new HR module you can:

  • Record general information about your employees
  • Record job information about your employees such as start date and end date
  • Upload employment contracts and other relevant documents
  • Record hours worked, hours off sick, bonuses to be paid etc. and email them to your accountant
  • View reports by week, and year of hours worked by each employee

 

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Recent Updates – August 2013

Following some very useful user feedback, the following improvements and modifications have been made:

Allocating money in to invoices:

Now, rather the invoice selector displaying all your invoices, it will only show invoices with an outstanding balance on them, making it a lot easier to find the relevant invoice.

invoice-allocate

Audit References

The system now generates a unique reference number for each money-in and money-out transaction, making ...

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