Alphacap for Fixed Asset Management



Alphacap provides a significant enhancement to a company’s financial systems by capturing and managing fixed asset data from a corporate tax perspective. Alphacap allows asset information to be collected, stored and then analysed by the tax professional according to its tax treatment, with a full reconciliation to the source data.

Information relevant to the calculations and disclosure in the tax computations can then be passed seamlessly into Alphatax. With comprehensive Capital Allowances and Capital Gains functionality Alphacap becomes a powerful reporting and planning tool.

This means that companies are able to model accurately and easily the impact of prospective disposals on individual properties or across an entire portfolio. Alphacap’s comprehensive reporting tools also mean that it can be used for contingency planning and assisting in producing a full provision for deferred tax at year-end under FRS 19 or IAS 12.

Relief is tracked for those disposals where the proceeds are reinvested under the rollover or holdover relief provisions.

This tracking makes it possible to appraise such relief continuously in the light of any future expenditure and disposals plans and minimise the risk of any unforeseen liabilities arising.

Alphacap is particularly useful for you if you have ever:

  • Spent hours analysing, reconciling and categorising fixed asset data in order to claim the appropriate capital allowances.
  • Had difficulty in locating relevant expenditure details in order to compute capital gains on asset disposals.
  • Been asked by your Finance Director at short notice to compute the potential tax impact of disposing of part of your portfolio.
  • Wanted to be able to interrogate your asset portfolio for tax planning purposes.
  • Needed to perform multiple tax calculations across your entire portfolio for the purposes of calculations and disclosures under FRS 19 or IAS 12.
  • Found it time consuming to identify assets to roll-over capital gains into on a group wide basis.
  • Worried that you might not be tracking rolled-over and held-over gains accurately and that unexpected liabilities could arise.
  • Needed historic documentation relating to your asset portfolio (e.g. a purchase agreement) but have been unable to find it.
  • Needed to improve your record keeping and audit trails in order to comply with Sarbanes-Oxley and the requirements of your auditors.
  • Wished that all of this could be performed by one system that integrates seamlessly with your corporation tax software.

In isolation, Alphacap is a powerful and comprehensive tool. But right from the start it has been designed to work seamlessly with Alphatax to offer Alphacap users an unprecedented combination of capital assets management and tax computational integration. This includes the automatic posting to Alphatax of all Capital Gains and Capital Allowance information.

For more information or to book a presentation, please contact us and ask to speak to a member of our new business team.