Many of the improvements made by the Service Pack 1 of Mago4 1.3 concern tax matters, implementing some changes to regulations.
Among others, a Mago4 adjustment updates the procedure for 2017 single certification. On 01.16.2017, the Tax Agency has in fact minimally changed both models and the layout of the file to be sent; the deadline for submission is March 7, 2017. Mago4 is aligned with these provisions, making it possible to generate the file to be sent to the Agency with the corresponding prints. In addition, in the table of VAT Return data, Mago4 1.3.1 updates the panels allowing you to extract the data required to complete the VAT Form 2017 (tax period: year 2016).
Tax Agency has also approved the new letters of intent template, mandatory from March 1, 2017, that the habitual exporters should use for purchases exempt from VAT. Traders will have to pre-determine the amount of the operations they intend to carry out with regard of each supplier, declare the reference year and type of product or service to be purchased and, if the declaration relates to a single operation, specify its amount .
Mago4 automatically changes the template used for the printing of the Declaration of Intent according to the declaration date (whether or not earlier the 03/01/2017).
The improvements of the last Mago4 SP also fallen on the management of the extension of super depreciation at 140% for the tax period 2017 - confirmed by the Law of Stability 2017 - as well as the so-called "digital bonus", the hyper depreciation at 250% introduced by the same law for investment in research, development and innovation. This new facilitation is linked to the purchase of goods that "promote the technological and / or digital transformation processes in the concept of Industry 4.0" and allows you to benefit from the super amortization for software, that were previously excluded from the tax advantage. Therefore, in Mago4 the control of validity date of the purchase document for the "Extra tax deduction" assets ends on 31.12.2017; in the Master Data of Intangible assets it has been added the management of the "Extra tax deduction" field; the check of the related purchase document validity date starts on 01.01.2017. With the report "Extra tax deduction asset" is now possible to print also the intangible assets.
Concerning financial statements, it was published the new Taxonomy of capital enterprises that prepare their financial statements according to the provisions of the Civil Code: 11.14.2016 taxonomy is in force since 1 January 2017 and compulsory for financial statements closed on 31.12.2016 or after, approved in the Assembly from 03.01.2017. With Mago4 1.3.1 you can now download the new Taxonomy without updating the program. Even the mapping of Bilancio&Oltre is now suitable to the current legislation. Even the Basel 2 Analysis procedure was updated and now allows you to generate a new Excel spreadsheet based on the new budget reclassification schemes in force since 2016.
Mago4 1.3.1 integrates fully with AGO (the Zucchetti accounting and tax software for all of Accountants and business associations), using a special path that allows the data transition from the Mago4 ordinary accounting/simplified AGO accounting, and vice versa. Thanks to the new AGO Connector module you can then transmit the accounting movements to the accountant who carries out the tax statements and communications on behalf of the company. You just need to prepare the parameters in AGO to start exporting the accounting movements from Mago4: the procedure analyzes the movements to be transferred and requires all missing combinations, such as the correspondence to the sub-account in AGO and / or VAT code, before generating the file to be sent to the accountant.
And last, but certainly not least, the French and Spanish dictionaries are now available for all modules, thus confirming the international vocation of your ERP. To learn more, please read the release notes in the Private Area.
As you know, the Mago4 1.3.1 SP1 download is free for those whose Live Update Service (M.L.U.) is active. If your M.L.U. has expired, please contact our International Sales Department and discover how be up to date. Remember that it is always recommended to download the service pack Mago4 requiring the intervention of your reference Reseller.