How To
Link to CCH iFirm Accounts Production
CCH IFirm Personal Tax
To open the Self-employment data source, click on the business name from the data sources list.
Click here to learn how to add data sources.
Link data from
- Select the business name from the data sources list.
- On the Self-employment page, click on Link data from.
- On the popup click on +Click here to select business.
- Click on the Select business dropdown or type in part of the name to search for the business/client name.
- Select the business/client name then click Next.
Import
Once you have linked CCH iFirm Accounts Production, you can now import the data.
- Click Import:
- Review the data displayed and click on the Import button.
Imported data
Income, Expenses, and Balance Sheet
The Income, Expenses, and Balance sheet will be greyed out and will display the data from iFirm Accounts Production. Disallowable expenses can be keyed in, in the relevant boxes.
Changes to the greyed out data must be made in CCH iFirm Accounts Production.
NOTE: Depreciation is automatically added back.
Capital Allowances and Balancing Charges
- Add the allowances to be claimed.
- Add any balancing charges.
Adjustments
- Add and goods and/or services for own use.
- Add business income not included elsewhere.
CIS Deductions
- Add the total Construction Industry Scheme deductions.
- Add any tax taken off trading income.
CCH iFirm Accounts Production can be unlinked from the Self-employment data source.
Related documents
Removing linked Data
The document provides a brief guide on how to remove linked data in the Self Employment form by clicking the 'Unlink' button twice to confirm the action. An accompanying image illustrates the process.
Getting Started with CCH iFirm Personal Tax
This document provides a step-by-step guide for using CCH iFirm Personal Tax via CCH Central. Key prerequisites include having the latest version of CCH Central, necessary user permissions, and .Net 8.0 runtime installed. Users must access the CCH iFirm Console for authentication and synchronization. The process for creating personal tax returns in CCH iFirm is outlined, including selecting the tax year and necessary client details. Additionally, there are instructions for managing user access within Organisation Management, ensuring employees can utilize the software effectively.
Pension Contributions: CCH iFirm Personal Tax
To open the Pension contributions data source, click on Pension contributions from the data sources list.
NIC Adjustments
NIC adjustments are automatically added to the data source list when the Self-employment data source is added to the tax return.
UK dividends - Dividends from UK companies
This document provides instructions for entering dividends from UK companies in a tax management system. Users are guided to access the Dividends section, add company details, including name, description, date, and dividend details. It explains the process for modifying distribution types, adding multiple entries, and saving the information. A summary section is mentioned, which displays the compiled entries at the bottom of the screen.