Discover how Silverfin eliminates repetitive tasks, error-prone spreadsheets, and wasted time with an intuitive, automated system that files directly with HMRC.
So good morning, everyone. My name is Mark, and this is the latest of the Silverfin deep dive webinars. We’ll be honing in on a particular part of the platform. Today’s topic is all around our corporation tax module. So as a real rough agenda, I’ll spend about maybe five, ten minutes or so maximum, giving a more general overview of who we are, what we do, you know, a broader overview of the platform, a bit of our background, etcetera. And then my colleague Curtis, who will introduce yourself in a second, will take us through the demonstration. A couple of little housekeeping things. It’s not being recorded, so if you gotta dash off, don’t worry. If you wanna share the recording afterwards with your colleagues, absolutely fine. We’ll get a copy of this out to you afterwards. There is a q and a, option, open all the way through, so feel absolutely free to chuck those in as we go through. Hopefully, if Curtis and I stick the time, we’ll have plenty of time at the end to run through those. And if they’re relevant, we be able to answer them on the fly. And then at the very end, there’ll be a a a one question poll. That’d be fantastic if if folks could answer just to give us an indication on what you want to do next in terms of evaluating something. So let’s run through these slides. As I mentioned, today’s deep dive is all about corporation tax. It’s myself, Mark Turley. I’m a senior account manager here at Silverfin. Been working for just over three years. Effectively, my job here is to help prospective firms look at the platform, learn about it, evaluate it and then basically hand them over to Curtis and his team. Curtis, you want say a few words about your role and your experience at Silverfin? Hi, yeah. So I’m Curtis. I’m one of the customer success managers here at Silverfin. Before that I did work in practice myself for ten years mostly in accounts and CT. Spent most of my time as a client manager. But yeah my role is just to sort of get involved once you’ve signed on with Silverfin as part of your I’ll basically lead your onboarding and all your training and also the support doesn’t stop there. Have some customers that have been there for years are in the more mature end of their sort of business journey where I still sort of support them with any change management or project management. Lovely. I’m a massive fan of bringing the right tool to the job, so Curtis is definitely the right person to show us the platform with that kind of practice experience and being an expert on Silting as well himself. Excellent! So I kick off these sessions with a bit of a bold statement and try and capture attention. We strongly believe that the compliance technology in most firms these days is outdated and therefore it’s limiting your potential. I’m not just talking about Excel. Know Excel is a massive part of working papers and analysis and preparation work we do for your accounts and tax. But even the accounts and tax preparation software that a lot of firms use are developed on platforms that were initially bought to market ten, fifteen, twenty, maybe longer than that, years ago. And that’s holding your firm back. It’s holding you back in terms of efficiencies, it’s holding you back in terms of capacity and time these days is very much money. Whether it’s you want to grow the firm, offer more services, you just haven’t got the capacity these days to do that if you’re not on the right technology stack. A lot of firms we talk to before they adopt Silverfin will have a tech estate or a tech environment that looks something like this. This is meant to be messy. I struggle reading it. It’s lines everywhere. It’s boxes here and effectively it’s hopefully representing that. You’ve got lots of different data, lots of different processes, lots of different workflows, lots of different services to your clients in different places and they’re not connected. And that’s just not gonna enable you guys to work in the most efficient and smart and effective way. Obviously, you know, you guys I’m sure have been in for more than five minutes. If you’ve been, you know, working as an accountant for the last ten ten years or so, even less than that, you’ll be no stranger to cloud software, you know, kind of really running through the industry, Your bookkeeping systems, tax solutions, account solutions, you name it. There’d be a cloud version of something out there nowadays. And that’s great. We’re moving off some of the old legacy platforms into something that’s been a bit more developed recently. However, you still end up with this kind of fragmented situation where you’ve got good technology, but it doesn’t talk to the other techs you have in place and therefore you still have this kind of siloed data challenge or barrier obstacle that slows things down when it comes to working efficiently. That’s where we step in. So this is the first of two slides that kind of explain what self and does and how we kind of slot ourselves into a potential practice environment. And what you see in the cloud there is what we’re known for. So primarily, we’re a working paper solution and completely cloud based always have been. There’s no legacy on prem element of what we do. And what that means is we’re, you know, like to think we’re the best in breed solution for that because we’re the, you know, most up to date in terms of development and and design. So the webpapers is is the core kind of foundation piece of that. And then from that, you can produce annual accounts, budget tax, which obviously the names we’ll pick up today. Management reporting on a monthly or quarterly basis. And where we’re to all of that, is AI. I’ll touch upon that a bit more in a second. I always say that no tech event that presentation is complete without giving that at least a few syllables, on the topic of AI. So that’s what we focus on. That’s what we believe we are experts and best of breed in. Well, we don’t dip into the world of bookkeeping or e signing or practice management. We’re real short advocates to build out integrations to those platforms through our open and friendly accessible API. We’re already building those. So you can, for example, out of the box access big public access to the Carbon platform. There’s there’s plenty more coming online with that. And the whole idea is you can begin to build a best in breed tech stack through the use of of, you know, specifically picked, tailored to your needs and requirements, cloud solutions, and connect them through the power of the APIs that these platforms generally tend to offer. A bit more on how the whole platform works. So as we’ve said before, you know, we’re gonna focus for today’s demonstration, on the CT elements. But effectively, this diagram here represents how a client can throw flow through the Silphin platform, if they used it in its entirety. I say that because everything on here is modular. So if you don’t need to use accounts, don’t need to use our tax. We don’t charge you for it. It’s not turned on. Same with a pulse portal, same with elements of AI. If you don’t want to use them or want to adopt them later down the line as part of a, you know, a slightly more gentle phased approach to migrating from your current software, these are all options. However, goes without saying, the more you put together with Silverfin, the kind of great the efficiency gains are because that’s how we design the platform to kind of work. In short, we’re powered by bookkeeping data. Totally agnostic. We synchronize great with platforms like QuickBooks, Xero, you know, many of the cloud solutions out there. We have, you know, purpose built six of those platforms to pull through their bookkeeping data into the Silicon Data Hub. Don’t worry if you’ve got clients on an old solution that’s still on desktop or on a server, or even if they’re Excel based, I know that’s less and less these days, you know, all we really need from you is a trial balance one way or another. Anything beyond that is gonna be another bonus. Long and short of it though is that once we have that data in the platform, your silver will be pretty much the same no matter where that data comes from. There’s a few changes here and there, but in the large, you you can’t really tell the difference. And the first thing we do that’s really key to, the whole kind of silverfin premise and and and all and all kind of attached USPs is we convert the client data here to a standard silver chart of accounts. So whatever’s gone on here, chart of accounts wise, we remake it through machine learning, AI. You can even get involved yourself if you want to as as a user to tell us often how to take this data and then push it into the different templates we have for the workflows. As I say, that process is largely automated. It’s a very tried and tested and stable and robust part of the platform. So, you can you quickly forget about them, take it for granted in a good way. Best thing about that though, that the kind of upside of of having a data all in one platform is it does two fit all in one language, so to speak, is it does two main things. You’ve then got a database that’s all in the same format. Then from that, you can work in the same way. The client data prescribed set workflows that everyone in your practice can follow because the data follows the same format. And also query the client data, identify trends, benchmarks, that sort of thing. I loosely say, you know, we help, not power advisory, but identify opportunities where you can ahead of time, because we’re based on live data generally, identify some sort of talking point in the in the client data that might impact them, you know, and without, you know, corrective action or advice from you guys as their trusted advisors might cause some sorts of, you know, detrimental impact on how the business is running. But it’s all about working with clean data to then be able to kind of proactively go and advise your clients with the best advice possible based on what the numbers and silverfin tells them what’s going on. And all we talked about the API. So that’s open and friendly. It links into HMRC companies house. That’s things bidirectional. So we can push and pull data, push up your accounts and tax returns to the submission, but also pull down information from those, bodies to help populate the Silverfin database. Pulse is the client portal. Again, optional. You can turn it on, turn it off, but that is the portal to your clients. If you want to involve them in the Silphin process, you can do. Our e sign tool sits in there. You can share documentation, share reports, ask questions, send and receive attachments. So generally, you know, all the things you expect to post portals do. And then last but not least, the three little squares, squares oblongs, I guess, or ovals across the bottom. I mentioned AI a second ago. Long story short, we’re not new to AI. We bought an AI company about six years ago. Prior to that, worked with them for about three or four years. And it really means that in practice, you know, in in day to day real terms, AI is really woven into silverfin. And I’d like to say that we’re kind of experts in the matter because we have, you know, close to ten years, probably even ten years experience on working with it. So I already mentioned how it helps a few cases. It helps with the lifting of data. It helps push and pull data for the different workflows because these are connected. So that will suggest where you might want to include a certain, disclosure note or reference in your working papers. That’s all logic AI driven. They’re all also another tool will check the quality of the bookkeeping data and raise red flags, all with an aim to assist, proactively again. So you’re having anomalies in the client data raised ahead of time rather than when you’re in the thick of it working against a deadline. Largely behaving like a bit of a training tool I suppose or a bit of a safety net. So, we do have a whole separate webinar on AI piece. I encourage you guys to go and have a look at those if you can and you can really dive into what we can do with AI and where we’re taking it as well in the not too distant future. Last but not least, our review collaboration piece closely linked. We can really build structured, a very structured, sorry, review process around the whole, Silphin environment, whether it’s reviewing working papers, accounts, tax, you know, whatever you’re doing in the platform, can have a a very stringent and controlled review workflow to ensure works being produced in the right way in the right time by the right people and signed up with the right people as well. That includes checklists as well, you can build custom checklists. We integrate Mercia too, so you can pull that structure and format into your workings into the platform too. And last but not least, collaboration simply means, although it’s a very broad topic in in the sense of Silverfin, that you can anywhere, anytime, any user can log in to the platform and see exactly what’s going on. You know, what job status is where, excuse me, what level of jobs at, how what’s been completed so far, what viewpoints are outstanding, what context is on that job, really anything you need to be kept to the know what’s going on that client file sits there within the collaboration piece across the entire platform. I’m just gonna take a quick sip of water because I’ve got a bit of bug in my throat. Grand. So, yeah, I’ve chucked a load of kind of tech spee that you there and, and and buzzwords and things like that. This slide, I I quite like. It’s talking to, as you probably already guessed, a bit of the the ROI. What do I get back using Silverfin? I talked at the very beginning about how it’s about efficiency capacity, and all of these link to that. However, they’re coming in from three very different kind of angles. So, BKL, you know, fifty I believe firm, you know, acquiring firms based down here in London, they had a very much a kind of efficiency challenge and wants to be more efficient, and they’re reporting some jobs taking half the time now they use Silverfin as opposed to their, older solutions beforehand. And Hurst, revenue focused, the time it was freed up by implementing Silverfin as freaking, you know, to generate an extra two hundred thousand pounds in their business outsourcing unit. I can promise you we didn’t cost anywhere near that level money so a very shrewd investment on their part and testament to how Silverfin can really help generate that. And then last but not least, PKF Francis Clark, they wanted to ensure the quality of their work was you know being reviewed by the right people on time and through the workflows we’ve kind of instilled with them, they’re able to increase the number of reviews that they do across their client work, ensuring that work goes out the door with the right quality, you know, no mistakes made and that sort of thing. So, you know, three very nice different metrics there that all talk to that kind of efficiency capacity piece I mentioned earlier on. I have a nice quote there from Holly as well who’s, one of the, one of the sort of silverfin champions I guess really. She’s very good at talking about how we do and what we do and how it helps them with PKL. And it’s not just larger firms, mean you know I think all three of those may well be in the top one hundred, But if you look at folks like CCA based down on the south coast, Synergy are based in Kent, Flindr, I know, think they’re, well they’re kind of national I guess, but a small kind of niche firm. You haven’t got to be a large firm to use Silverfin. It’s more about the challenge you’ve got. You want to grow by being efficient through tech? Do you have a capacity challenge? Do you want to open up more revenue streams? Do you want to review more work like PK Francis Clark? You know, we’re not just a tool for the big firms out there. We’re here for firms that are small, here for firms that are challenging, here for firms that are growing through acquisition, and here for, you know, some of the very largest firms that are out there. Last but not least, as a business, we’re now serving around about a thousand accounting firms, that’s probably close to eleven hundred now. And I believe it’s close to forty percent of the top one hundred in the UK too. So a lovely strong customer base within that kind of segment of the industry. Well over four hundred thousand client files being used or pushed for the Silver platform. And we’re not just active in the UK. I may have mentioned already, we’re a Belgian founded company, so the Belgium, Benelux region and the UK are our core territories, but we do work with businesses, I think now in every continent. So North America, South America, Africa, over in Australasia as well. So we’re not just a UK focused business. We’re we’re really kind of, you know, global business that can support client types and and and practices all all across the world. Finally, before we get to the interesting part that Kurtz will take over, you may or may not be aware, we’re backed by company called Bisma. Essentially, are a group of about a hundred and eighty or so companies, Scandinavian base, believe, but very prevalent in Europe. And their mission is to be Europe’s, go to, experts on cloud accounting, bookkeeping, fintech software. So, you know, the positive of that for our customers and myself and everyone else is a Filford employee and the business in general, is that we’re backed by a large and successful business that have lots and lots of experience in this sector. And if you some of numbers there, know, they have over fifty thousand employees, serving too many customers, and a pretty healthy revenue, figure that we of course contribute to. Excellent. Enough slides from me. I will hand over to Curtis and let him take you through, the live part of the demo. All right. Thank you, Mark. Let me just share my screen. Right, brilliant. Can you just confirm you can see my Silverfin screen? I can see everything, yeah. Fantastic, right. So let’s just go into a client file. So our corporation tax product has been designed and built to help you complete your tax return faster, submit your tax returns faster, and to make the process overall easier. We achieve this by one touch connected data throughout the platform, cutting out manual work and eliminating the need to copy and paste information, and by reducing reviewing time as data only needs to be reviewed once. This reduces human error and speeds up the process. So let’s take a look at how we do that. Before firstly, before I actually jump into the corporate tax workflow, I just want to start by explaining how the data is pulled into the return. So I’m just going to go up to accounts here and go into the mapping screen. When a client is set up, the client’s nominal accounts will have been mapped to the Silverfin chart of accounts using our Silverfin AI assistant mapping. It is this mapping within Silverfin that determines the underlying tax treatment that pushes through to the tax workflow. This also helps determine which schedules are pulled into your return. So back into my client file. To clarify, just a workflow is essentially any piece of work completed within Silverfin. So on this example file, we have working papers, your accounts, Refresh one hundred two accounts, and your corporate tax workflow. Let’s jump into the tax workflow. The workflow is laid out in an intuitive format. The tax schedules are structured in the order they would be typically completed, starting with some general information about the return, then diving straight into analyzing the profit and loss balance sheet and ending with the tax disclosures. For those of you familiar with Silverfin, you have the continuation of the layouts, shortcuts and symbols. Across the top, there is a snapshot of the financials headlines and beneath that is the same progress bar to show a percentage of how much of the workflow has been completed. Templates with a green circle icon have been reconciled and those with an orange triangle icon either need some additional data being entered or the balances don’t agree and aren’t reconciled. It’s important to note at this stage that as the information automatically flows through from the working papers, we will see the CT workflow progress increase in line with the completion of the working papers. Therefore, once the working papers are actually at one hundred percent completion, the corporate tax workflow should also be closer to being completed and you’ll see that before even entering any information into the CT workflow once that’s completed you’ll see this bar at sixty to seventy percent. Exactly like other workflows there are also a number of symbols along the top to navigate through the workflow filtering by either files with to dos, with checks, just showing what’s un reconciled and also what’s been starred. The stars on the left hand side control which templates are included in the workflow. Any starred templates will also contribute to the progress bar of the CT workflow. So let’s just jump into some of these schedules. The CT overview is for informational purposes only. It automatically assigns a dynamic reference to each template based on which templates installed and you can easily jump into each of the schedules from here. Going back to the overview, opening up the return information you will think of this schedule as the control center or the admin section for your tax return. It’s used to configure the fundamental parameters of the company and the tax return which then in turn determines which other templates and fields become visible or active in the rest of the workflow. So for example you have your company name and UTR, your business type, period information, return information, group and associated companies, R and D etc. Next I’m going to show you the profit and loss and other comprehensive income template. This is one of the key schedules in the workflow, and it’s a great place to show off the value of the tax workflow. Here, you don’t need to import any additional data or enter the detailed P and L from your AP software, nor is there a need to manually categorize the tax treatments, which we know can be pretty time consuming task and an area prone to errors. Because we’ve already mapped and therefore standardized the nominal codes when the client data is brought into the platform at the start of the process, the data will automatically flow into the relevant CT schedules. These nominal codes have been automatically allocated a default tax treatment based on the type of account and the logic our tax experts have built into the platform. These can also easily be overwritten where required and if you’re using Silfin for the working people accounts production you also would have already reconciled the P and L so you know that this balance is reconciled and agrees to your other workflows. Now you’ll notice that this box here that in this column there is an ‘analyze’ column and that’s where in some cases some accounts might require multiple tax treatments. So firstly you tick this to add additional analysis and then navigate to the actual account template by selecting this bar box here. In this case, I wanted to have further detailed analysis of my entertaining amount. You can then easily pull the ledger detail from the bookkeeping system here by just seeing the view ledger information. This could be a couple of transactions, be twenty, could be a hundred and just import a reconciliation data like I’ve done so here which will pull the information into your template. One of the cool things about this is that once you’ve then imported it you then just easily allocate what the tax treatment should be. So I’ve said here that these are tickets and are disallowable non taxable due to being entertaining. And something that’s cool here is that while you’re actually preparing your working papers, you can select the tax treatment which then flows into your tax return. So now there’s no back and forth between different systems or balances not agreeing. Once you’ve updated your tax return your working papers will be updated and vice versa. This is then summarized in the other comprehensive income additional analysis which here just shows an overview and a summary of all the additional analysis in the workflow. Now I just want to show you another example of where that P and L data flows into other templates. So there was a pension balance which was assigned to a pension contribution. So if I just now open up my pension defined contribution template this has pulled through the pension balance into my pension could define contribution CT template and then what it’s asking me to do is just add some data to confirm the balance that reconciles that amount and because my charge agrees to that P and L amount my template is now reconciled. Okay so going back to the overview the next schedule I want to show you is the trading income. So if I go to and just search trading income this shows the relevant adjustments to the trading income and the calculation and basically from here you can see an overview of those adjustments and easily click and which takes you to that template. So just looking here we’ve got the entertaining which I’ve already shown you where that the breakdown of that we have the pension adjustment and also the next template I want to show you is the tangible fixed asset summary. So by clicking on this will take me to that template. Similar to the P and L, once the working papers have been completed this automatically pulls the reconciled fixed asset register into your template. Additions and disposals from our fixed assets register in the working paper feed automatically into our CT fixed asset additions and disposals templates. So because I’ve completed the Fixed Asset Register here, this is reconciled and completed in my working papers. If I then just go back to my Fixed Asset Summary this has been reconciled because the net book values agree to my accounts and it’s also pulled through the additions into my additions template. All I then need to do is select the tax treatment for each addition. All this means is that there’s no rekeying data which may be prone to errors and more important will save time. Plus you’re now always working with the latest data. Any changes to the client file are reflected across all workflows too, so again you don’t have that imbalance between if something’s been updated in your CT or accounts and your working papers. Now let’s look at the taxable income under tax calculations. Once you have completed all the applicable reconciliations you can move here. Adjustments to your trading income will flow into this schedule and provide a summary of those adjustments you have made during the completion of the tax comp. This tax schedule also allows you to seamlessly navigate through to the underlying schedules for ease of review and summarize all income streams, chargeable gains, losses, and reliefs to arrive at a total taxable profit and loss amount. I mentioned there also easily you can easily add the losses memorandum and any losses carried forward. So just by clicking on these templates to the left here. Let’s start with the losses memorandum. If there are any relevant losses or release these can be allocated using the Silverfin losses template here and also entering the carried forward releases in this, carried forward release can be entered in this schedule. Once you’ve then completed all of your schedules and reviewed the taxable income this then all flows into the tax calculation template which will give you your ct liability for the year and how it’s calculated and then this data flows through to the ct600. This template is purely for informational purposes so that you can review the form to ensure that output is correct. Once this has all been calculated you would then want to submit the tax return. To submit the tax return you just go into the custom overview, select actions, download data and generate the iXBRL corporate tax. This is where you can save time which is effortless to submit the iXBRL CT submission direct to HMRC through the Silverfin’s API integration. You also can attach any accounts including the detailed P and L to the corporation tax return when filing with HMRC. If you use the SILF in accounts production then you can attach the accounts to the tax module at the time you submit the actual accounts to Companies House to prevent any versioning issues. You can also here by selecting download run a client facing PDF export of the tax computation and CT600 using the exports functionality in Silverfin as you would for your annual accounts for one click consistent information packs to send to your clients. So just because this is some demo data we don’t actually have the submit to HMRC button as I don’t have a connection to HMRC for the demo data but as you could just see from this screenshot you just have the option to submit the HMRC and you also can, will then get taken to the screen where you enter the details in, can test your submission, connect your accounts and also then just select submit to HMRC. You also have the ability to then export the corporation tax return which will produce a PAC which is customizable and this is PAC which basically is your tax computation that you can then review and pass on to your customer for their review along with the CT600. Okay so that’s essentially covering a tax return. I just wanted to quickly cover some new features and the first one of those is just hybrids. Sort of due to popular we’ve had lots of requests for multi trade and businesses and we now have the ability to complete returns with multiple income streams. So we currently have primary trade and property so what we just do here is we’d select yes in this box have the ability I’ll just let that load and then we have the ability to select which of our trades is the standard primary trade which is for a property business. By selecting that now we find then just show you an example of where this affects our return. You now have a breakdown of each of your P and L lines which you can then add the split for the UK trade and the UK property business and also assign a tax treatment to each different trade. Investment properties with multiple trades are next on the roadmap they should be released in January with their multi trade being worked on after. Another thing that I know I’ve spoken to our UK tax product owner that should be released either this week or next is building support for commencement of trades where companies have dormant first periods that do not align with the accounting period. This will be delivered over the next couple of weeks. And then finally just a couple of other points which Mark did mention is we do have insights which is our data analytics tool. Now just on this an example of where this would sort of come into play is because we’ve standardized all of the data across your client base we can use our data analytics tool to run firm wide queries to help him provide him better business advisory. For example with each of your files you have the tax partner what manager works on that file and also the account details you could also ask for a trigger or a list of companies say that have over two million pounds of turnover something else that might be tax sensitive maybe a company that has an outstanding director’s loan balance to make sure the section four fifty five tax has been calculated correctly. So those are just examples of the sort of reports we see run through insights across your data within Silverfin. Just like your other workflows, we also have the ability to add communications whether that be a note or a to do as a review point where you can then tag other users and these review points need to be actions. As part of reviewing the file as well we do have this slick reviewing page where you can preview each of the template schedules either in one screen or with comparatives, and using multi screens. Once you have, you can easily add a message, with tags on them, identifying that it’s a review point etc or what stage of review it’s at and once each of the templates has been reviewed you can select mark as reviewed. On the left here once any schedule has been reviewed it will have a green tick next to it which you can then filter by what’s not been reviewed by you so it’s easy just to come back to a file and essentially just make sure nothing’s sort of fallen through the cracks and that everything’s been reviewed. From, sort of quick high level that is everything I did want to show so thank you for your time and, yeah if you do have any questions do let me know. Fantastic, thanks Curtis. Yeah a couple have popped through as you ran through things and happy to say they’re fairly complex ones so I’m going to answer. Cool, I will add the first one to stage. So there’s a couple from Nicola. We’ll we’ll deal with the first one. I can make it public, and I can the stage, I believe. Let’s see how we do that. There we go. Can you see that okay Chris? Yeah yeah I just can’t see the bottom I’m just scrolling down oh brilliant yeah so the best thing to do here Nicholas obviously there’s quite a lot of information and quite a lot of sort of more of their more technical examples now where Silverfin doesn’t do one hundred percent detection terms we have increased that bucket with the new hybrids and we are able to account our straightaway can see loss relief, group relief and there we do have access to all the additional supplementary pages what I would recommend is just we can reach out to you after this call and we do have a full capabilities matrix for our Civil Fin sort of tax features and that would just give you a detailed line by line of what it does do and what it doesn’t do as I do understand that there are some real complex features that we might not be able to sort of be able to produce. Lovely. A second one from make public again and add to the stage. There we go. So that is with the changes to HMRC. So yeah, I mean, our product team sort of allocate a lot of their time to if in terms of over the next year of just being compliant, sticking with new updates that are HMRC making we are in talks with HMRC and Companies House any updates they do before they post them we are in talks with them and are in plans to keep our sort of submissions and our integrations compliant with them. I know that like one of our product owners is on a tech board where for the ICAW, where they are sort of kept in the loop with Companies House and changes to HMRC. Yeah, just to kind of add to that as well, I’m pretty sure if you go on either HMRC’s or company’s houses or maybe a a dot gov website, you’ll see Silverfin as a sort of vetted accountants and tax solution. So that as part of that, they’re duty bound to give us plenty of runway effectively to make these kinds of changes ahead of them going live in terms of you having to be compliant for them. So there should never be a situation and touch with that hasn’t been to my knowledge where we’re submitting accounts or tax for example, that aren’t compliant. Thanks for those, Nicola. One more, oh no, two more come through. Fantastic. First one from three more. That might be freaking fast. Thanks, folks. Right. Let me make that one public. I’ll make them all public, simply going back and forth, and then we’ll add them to the screen. And who knows? I might be able to answer one. If not, Curtis, I’ll defer to you. So next one from Colm. I think I can answer that one, to be honest. So, short answer is no. You don’t need the accounts package, of, Silverfin to enable tax. There’s benefits as you do. As I kind of alluded at the beginning, there are some numbers that will flow across and help you with the process. To caveat that though, remember, we are primarily a working paper solution, and that is a core part of the platform. So you would need the working papers element of Silverfin, then enable the the tax base. And Kurt, you can quickly back me up on this. In reality, what we’ve tend to to found with firms that are adopting Silafin is they’ll go working papers or working papers and accounts initially, and then the tax, teams, you know, look up and see what they’re doing. That that looks handy, and we can kinda peek it back off that. And it generally comes to follow this that sort of step by step process, Work behaviours and all accounts first and then tax. So there’s no reason why it couldn’t be done differently from my knowledge. It’s just a trend that I’ve noticed myself in terms of how firms adopted things. Kurt, is there anything to add to that? Yeah, I think I wonder as well a bit of that is just our CT product isn’t new but it is our newest of the three. So a lot of it people like our customers have moved on to CT maybe last because when they’ve joined us four or five years ago it was a much younger product, whereas sort of in the last two three years it’s really sort of developed. So maybe we probably might see a lot more of people starting with working papers and CT returns if that’s the text that they’re looking for. Okay, next question from Simon. I’ll just bring it to the stage. This is, so as sort of Mark’s already mentioned, we are a working papers sort of feature where you would require the working papers with it. That doesn’t necessarily mean you need to use them to one hundred percent the working papers to complete the tax return. It just means that obviously if you’re not completing your fixed asset register schedule in the working papers then you’re not going to have that flowing into your tangible fixed asset summary in your tax return. As you can see it is intuitive, it is easy to use and like those boxes can be manually overridden so the link is broken so we still are able to submit tax returns without completing all of your schedules. This the premise would very much be the same you’d still get the standardized, mapping to the the chart of accounts for Silverfin, you’d import your TV or whether it’s through a sync through your bookkeeping system so you’d have that live data and then that data will still flow through into your corporate tax workflow which you then just have set up and just your your operational processes would be slightly different because you’d probably have a little bit more data to enter or a little bit more manual data to enter and reconcile than if than if another file that was also having the working papers completed to one hundred percent. But then you still also would get that sort of roll forward functionality so once you’ve done that first year it’s all set up you then won’t be re keying or re entering that data as the sync will be set up and everything will be mapped. Lovely and last question unless anyone wants to sneak one in before we, bring things to a close, I’ll just, answer the stage again, again from Simon. Curtis, can you see all of that okay? Yeah. So you mentioned reports to identify clients with them. Yes. We can cut, I think, so what we have as part of insights, we have triggers. And this is where when you set up an insight, these reports run as queries. So you save these in the background of your environment. Now when you set up a query, it obviously brings about certain results for those client files that meet that criteria of that query. We can then set what we call a trigger so that this query is running in the background daily and any new files that meet that criteria have a trigger or a message that then is pushed into that file and that trigger could be notifying a partner, a find a manager say a file is reviewed. I’ve actually been seeing it used for compliance so a quarterly trigger that means that this technical person needs to check and review this and it’s almost used as a checklist and so yeah those reports and triggers could be used to sort of show that whether if it meets this criteria or this, if it meets this report criteria, it might need to be reviewed by this tax manager, etc, because it meets that threshold for requiring a more senior or complex tax review. Excellent. Yeah. I mean, that’s quite a not a hard, but like an advanced user case, obviously, where you can really get the parasol of them to to search the client data for you and surface up that kind of information to you proactively to go and take the relevant kind of action. Yeah brilliant and I’ve just seen as well at the bottom Simon I see you can you handle GPAs I’m not too sure what you mean by GPAs. I’m not sure how specific that is, but as I said, do have, our emails. If you do have any other questions after this, just do send them over. Fantastic. Lovely. Thanks everyone, for those questions. Always nice to get a few to run through the end. It shows you guys are listening and engaged, so we’ve done a we’ve done a good job, I hope, of giving you a flavor of how, Silverfin’s tax module works. To finish things off, I’m just in the background launching a quick questionnaire. It’ll come on in about, I don’t know, eight, nine seconds or so. Just if you’d like to hear more information from Sylphin off the back of this webinar. So I looked at today’s attendee list. I know there’s some folks that we’re already talking to, all you know about is, if there’s anything specifically you haven’t spoken before or you want to kind of follow-up, with us to follow-up with you, you know, probably after this webinar, mark yes and make sure, one of them get in touch with you to do so. If not, that’s fine. You’ll get a copy of the recording, you can watch back if you want to hear us again, or if you want to share with any colleagues or staff around your practice. I’ll let that run for another twenty or thirty seconds, before we close it down. Other than that, that’s it for today. So thanks very much everyone for for hanging on. We ended up running close to nearly forty five minutes there. So, I did give it a time scale, but it’s I very much appreciate you guys taking time out of day to come and, look at what we do here at Silverfin. These webinars run every month, so there will be one following in January, and we’ll be looking at another element of the Silverfin platform. Not for what it is yet, but we’ll certainly get out across social medias, out via emails. You guys can register and learn more about a specific part of the platform next time around. Thanks again everybody. We’ll call it time there. Hope you all have a great rest of the day. Take care. Bye. Thank you, guys.