Opti.Tax – Release 1.10

hsp Handels-Software GmbH has released version 1.10, featuring new modules and a host of useful functions to assist users.

The Opti.Tax software is specifically designed for small and medium-sized enterprises (SMEs) as well as accountancy firms without DATEV software, enabling them to meet their electronic obligations relating to financial reporting and to generate added value (profitability, increased efficiency) for their own business. Opti.Tax is not merely a piece of software for generating a transmission-ready electronic data record for the tax authorities (Electronic balance sheet) but also for other statutory electronic obligations – including, amongst other things, the annual notices published on the electronic Federal Gazette suitable.

The all-purpose tool: Opti.Tax

With the module Federal Gazette It is possible to connect to the digital interface for the electronic publication platform operated by Verlags- und Druckerei-Gesellschaft Bundesanzeiger GmbH for the disclosure of annual accounts.

The Opti.Tax 1.10 release is now available, with the following theme: Improving user support. The submission of a correct data set for the Electronic balance sheet becomes more complex with every release of a new version of the taxonomy. Release 1.10 therefore includes many new functions designed to make it easier for users to enter data and generate a valid data set.

With the new module Type of publication: Section 264 of the German Commercial Code (HGB) the exemption decision may be published in a dedicated format on the Federal Gazette portal under the publication type „Register Key 86“.

In the field of Partnerships was introduced with the new module „Special and supplementary balance sheets“A major step has been taken towards the monitoring and reconciliation of complex processes and traceable electronic data transmission. The data records are generated consistently and automatically, eliminating the need to reconcile the partnership’s data with the individual data records of the partners. From our perspective, all the necessary data records are available with Display of processing status and dispatch status listed – No record is overlooked.

The „S+E Balances“ module“

Opti.Tax 110 Module for Special/Supplementary Balance Sheets

The „S+E Balances“ module“ Enables the automated generation of the announced special and supplementary balance sheets for each shareholder/partner recorded in the joint ownership arrangement, with simple data entry for value recording. A separate view lists all registered shareholders/co-partners along with their e-balance sheet projects. This enables reconciliation across all shareholders/co-partners. The overview shows the current dispatch status; a third-party dispatch can be marked so that the data provider can keep track of all data records and their project progress.

The application includes a systematic batch mailing function, as well as the familiar features from Live Reporting and the mailing history. The solution is rounded off by integration with the OfficeFiler module, which provides various import and export options with Excel and Word for the purposes of tax calculation and reconciliation, as well as for use as an attachment to tax returns.

Upcoming challenges

The following challenges must be overcome: The master data for the partnership/general partnership must be consistent with the master data in the notified special and supplementary balance sheets of the partners/co-partners. The tax assessment by the tax authorities will only take place once all the declared data records relating to the partnership and the partners/co-entrepreneurs have been received. This requires an overview of the data records and the ability to monitor their dispatch status. The need for monitoring and reconciliation is further increased when the special balance sheets of individual partners are submitted not by the partnership’s own data submitter, but by a third party.