Sending sole trader's details to Personal Tax
Business Tax can
send a sole trader's data to Personal
Tax to help populate the Self-employment pages. You must transfer data
concerning partners to Personal
Tax via Partnership
Tax.
Sole traders not already set up in Personal Tax will automatically be set up on transfer. However their Main Details are likely to be quite limited if they were only set up as the owner of a sole trade business. These details may need updating either within Personal Tax or through the Proprietor Details button in the business's Main Details form.
To transfer data to Personal Tax:
- From the Tools menu, choose Post to Personal Tax, or
- Click SA100 on the toolbar.
These options will be unavailable for a partnership client.
Business Tax will calculate the basis periods and tax years affected by the period of account from which posting is taking place, and will post to those years only. To post to other tax years, select the period of account which forms the basis period for that year, and post from that period.
Information messages will appear where it is necessary for a decision to be made, as well as to confirm which posting has taken place. If the posting did not complete, then a message will appear to advise this.
Once the transfer is complete, the client's business will be set up as a self-employment in Personal Tax in the Earned Income folder on the Annual Data Navigator. You will be able to open Personal Tax from the confirmation message. Alternatively, you can open the client in Personal Tax by selecting Tools > Access Personal Tax > Client name.