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Now that the Tax Return information has been entered, it is necessary to print final Reports and advise of any tax liability/refund that is due.
From the Trust Tax menu bar select Reports and Schedules of Data. Click Print on the right hand side of the screen.
Choose output to Printer in the Schedule of Data report output option as the Trust's affairs have been concluded and no further amendments require undertaking. Click OK to proceed.
These can now be checked back to the information provided by the client to ensure that all details have been correctly entered.
Once satisfied that the entries are complete, select Reports and Final Return.
An AutoMail letter prompt may appear. If it does press Cancel to prevent a letter from being generated.
Select output to Printer in the Tax Return report output option and click OK to proceed.
A window pops up briefly indicating the progress of the return print.
From the Trust Tax menu bar select Reports and Tax Computation.
Ensure that output to printer is selected in the Computation report output screen and click OK to initiate the report process.
A Capital Gains computation can also be printed, although it is not required to be submitted to the Inland Revenue in this case.
Click the plus sign next to Income and Capital Gains and Dividends.
Highlight Capital Assets to open the Capital Assets screen.
Select Report from the menu and Capital Gains computation.
Ensure that output to print is selected and click OK to continue.
Close the screen when finished by clicking the red cross in the top right-hand corner of the Capital Assets screen.