Corporation Tax doesn’t need to be difficult
Silverfin pre-populates your CT600s and tax schedules with live data from your Silverfin Working Papers, helping you save hours on importing, checking, and updating data while eliminating the need to switch between multiple spreadsheets and tools.
- Reduce risk with live data and linked schedules
- Remove data entry tasks and automate iXBRL tagging
- Improve collaboration and reduce filing effort
- Validate and file your returns with ease
- Embed consistency and accuracy into your processes
Corporation Tax doesn’t need to be difficult
Save hours with automation
Creating corporation tax returns can be a repetitive manual task. Importing, checking and updating data. Multi-screening as you switch between spreadsheets and tools. But it doesn’t have to be that way.
Automatically populate CT600s with live client data
Solve this with Silverfin by automatically flowing live client data from your working papers to your tax schedules, in real time. With the latest data always at hand, there’s no wasted work or version control problems.
Improve consistency and collaboration
What’s more, Silverfin has been designed with collaboration in mind and includes a range of features to help colleagues and teams communicate effectively. Tags, paper trails, file comments, and integrated review tools all help to reduce frustrations and speed up reviews.
Validate and file your returns with ease
Silverfin makes it easy to consistently generate high-quality computations and fully-compliant CT600s. Our iXBRL tagging tool accurately embeds your financial data with machine-readable tags, ensuring your returns adhere to the latest regulatory standards.
Meanwhile, built-in data validation ensures your team catches any errors before filing and significantly reduces the chance of falling out of compliance. When ready, submit your iXBRL-tagged return to HMRC with a single click from within Silverfin.
Core accounting work, fully automated
With Silverfin, your entire team can access the information they need, when they need it, to streamline core accounting processes such as Accounts Production—all enhanced by AI and automation to eliminate errors and create additional capacity.
Automatically populate CT600s with live client data
Solve this with Silverfin by automatically flowing live client data from your working papers to your tax schedules, in real time. With the latest data always at hand, there’s no wasted work or version control problems.
Improve consistency and collaboration
What’s more, Silverfin has been designed with collaboration in mind and includes a range of features to help colleagues and teams communicate effectively. Tags, paper trails, file comments, and integrated review tools all help to reduce frustrations and speed up reviews.
Validate and file your returns with ease
Meanwhile, built-in data validation ensures your team catches any errors before filing and significantly reduces the chance of falling out of compliance. When ready, submit your iXBRL-tagged return to HMRC with a single click from within Silverfin.
Core accounting work, fully automated
With Silverfin, your entire team can access the information they need, when they need it, to streamline core accounting processes such as Accounts Production—all enhanced by AI and automation to eliminate errors and create additional capacity.
Jo Gibson • Outsource Business Partner • Hurst
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FAQs
How does Silverfin automate the process of creating corporation tax returns?
With automated corporation tax returns, your firm can save hours on your corporate tax returns with our broad set of CT600s, tax schedules all pre-populated with live data from your workpapers. Data from working papers templates, such as the Fixed Asset Register, flow automatically into the tax schedules so you avoid having to manually export data from accounts production software into your tax software, and ensure errors are eliminated. With much of the data pre-populated, the time it takes to produce a final CT return is dramatically reduced.
What are the benefits of having connected live data in corporate tax computations?
With Silverfin all your data is automatically updated and accessible through the cloud. This information automatically flows into your corporation tax computations as you prepare working papers and statutory accounts too. Always working with the latest data ensures there is no wasted work or version control issues.
How does Silverfin ensure compliance and accuracy in CT600 returns?
Our built-in data validation ensures you catch any errors. When ready, file your iXBRL tagged return with HMRC with a single click.
What features does Silverfin offer to simplify the tax filing process for corporations?
Corporation tax filing is simple with Silverfin. With our broad set of CT600s, tax schedules all pre-populated with live data from your workpapers Silverfin will eliminate errors as everyone, in any office, follows the same best-practice standardised tax workflows. In addition, intuitive schedules, guided navigation and automated reconciliations processes maximise productivity.
How does the iXBRL tagging feature work within Silverfin’s Corporation Tax software?
Silverfin helps your firm produce compliant, high-quality CT600 returns, every time. Our built-in data validation ensures you catch any errors and when you’re ready, file your iXBRL tagged return with HMRC with a single click.
