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This section of the help briefly describes each of the main data entering fields within IRIS Business Tax for trades and partnerships.
This option allows the user to make adjustments to the profit per the financial statements to reach the Trade Profits. Business Tax makes some adjustments such as depreciation automatically, so no postings will have to be made. To see which postings have been done automatically print an trade profit (loss) computation.
To see more help on the posting screen click here.
The capital allowance option allows the user to enter individual and pooled assets and calculate the allowances on those assets.
The capital allowance screen interacts with the IRIS Fixed Asset Register and recognises any assets set up in this product.
To see more help on capital allowances click here.
The building allowance screen allows the user to set up and calculate industrial and agricultural building allowances.
To see additional help on the building allowance screen click here.
Within this section of the program users are able to look at the data entered on the partnership return, print a return and generate an AIS return.
The Data Entry option of this screen, allows the user to see which figures appear on the trading and professional income pages. Most of the data on this screen is brought through from Accounts Production and the Business Tax posting and capital allowance options.
If subsequent supplementary pages need to be completed then this is done manually by the user.
To see further help on this section please click here.