If you own or manage a company that has paid corporation tax
in the last two years, then you may have received an email from Sage 50 with
the subject line “Sage
50 Corporation Tax Error 9288”. This error can prevent your company from
claiming certain tax reliefs, and so it’s important to know what it is and what
you need to do to resolve it.
What is Sage 50 Corporation Tax Error 9288?
Sage 50 Corporation
Tax Error 9288 can refer to the following error:
The company has reported a liability for income tax of
£10,000 when it should have reported a liability for corporation tax of $2,500.
This is an error with your company's corporation tax return
that you should correct as soon as possible. If you have already corrected the
error and you are awaiting confirmation from HMRC that the correction has been
accepted, then you’re waiting period will finish on or before 6 April 2017. If
you do not correct the error within this time, then HMRC may apply to court to
enforce its right to demand the correction. Why are Invoices Missing Sage 50.
How Does Sage 50 Corporation Tax Error 9288 Affect Your Company?
If your company has an error in its Sage 50 corporation tax
return, it may have to pay additional tax. This error, known as 'error 9288,'
can affect companies with a taxable income of over $100,000.
To qualify for this error, your company must have used the
incorrect software to file its taxes. This software is known as 'Presto.'
Presto is a software package that helps companies with their tax returns.
However, due to an error made by Presto, your company may not have been using
the correct Sage 50 software.
Resolve Sage 50 Payroll Tax Calculations Could not be Found
If this is the case, then your company may have filed its
taxes using the wrong software and this could lead to an additional tax bill.
The extra tax will be calculated based on the amount of income that was wrongly
taxed.
If you believe that you or your company might be affected by
this error, then you should contact HMRC as soon as possible. They will be able
to help you confirm whether or not you are liable for this extra tax and
provide any advice that you need.
What to Do If You Find Yourself Affected by Sage 50 Corporation Tax Error
9288
If you have been affected by Sage Corporation Tax Error
9288, there are a few things that you should do in order to rectify the issue
and ensure that your taxes are accurate. The first step is to file an amended
tax return as soon as possible in order to correct the error. You may also need
to contact your accountant or another tax professional for help with this
process. Additionally, you may be able to receive a refund or credit for any
taxes that were incorrectly withheld due to the error. Finally, make sure that
you keep all of your documentation related to the erroneous payment in case you
need it later on.
Click here:
Sage 50 Payroll Tax Calculations Could not be
Found
Conclusion
If you have been affected by the Sage 50 Corporation Tax
Error 9288, then you will need to take action in order to correct the error. By
following the steps outlined in this article, you should be able to resolve the
issue and ensure that your taxes are paid on time. If you cannot find a
resolution through these methods, then it may be necessary to speak with a tax
professional. Keep in mind that there may be penalties associated with late
filing of taxes, so it is important to act as soon as possible if you encounter
any difficulties. Thank you for reading this article and we hope that it has
provided you with the information that you need to take appropriate action.
Related Post:
Sage 50 Missing Invoice
Click here: Resolve Sage 50 Corporation Tax Error Code 9288
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