Brought forward figures

How to put your company's brought forward tax losses and the tax written down value of its asset pool into FreeAgent.

Here's how to put in your company's brought forward tax losses and the tax written down value of its asset pool.

Where do I start?

Select Settings, then Initial Tax Data.

initial_tax_data

If you can't see this option, you don't have access to it, and you'll need to ask your accountant, or whoever set you up on FreeAgent, to give you full user permission.

On the Initial Tax Data screen, you can put in the brought forward losses and the figure for the asset pool. If you're not sure what these should be, talk to your accountant.

Should there be a sign in front of the figures?

Put both figures in as pluses, i.e. no minus sign in the front, like this.

enter_tax_bfs

Once you've put the figures in, select Save to keep them, or Cancel to exit without saving.

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