Tax Settings
This section covers Bank and Select Lender, Common Tax Descriptions, Joint Sources, Tax Notes and Tax Return Status for CCH Personal Tax.
Last update: CCH Personal Tax
Reporting
This document outlines the functionality and benefits of using the CCH Central Reporting for Payments on Account in personal tax management. It introduces the CCH Personal Tax – POA Report, which consolidates reporting for January and July payments into a single template that can be easily modified annually. Key advantages include reduced yearly report recreation, customizable search and sort options, and updated mail merge fields. Additionally, it provides guidance on letter templates, producing reports, editing templates, and batch data refresh procedures, emphasizing best practices for maintaining report integrity and access permissions.
CCH Personal Tax
Tax Notes
Note Types: opening, adding, editing and deleting Notes.
CCH Personal Tax
Tax Return Status
The document provides an overview of options available in the Status panel for managing tax returns, including statuses like "All Complete," "Reviewed," and "Estimated." Users can add notes and modify the tax return status by selecting from a dropdown menu, with changes reflected in the Filing Status control, which visually represents client status. Additional notes clarify that certain options are hidden if detailed data is present. The document also references customization options for the Home Page, emphasizing user adaptability.
CCH Personal Tax
System Administrators
The document outlines the features of a personal tax system optimized for multi-user environments. It explains that when modifications are made to a tax return, these changes are initially stored in memory (cache). Upon access by a second user, the most current data is then written to the database, ensuring that all users have access to the latest information.
CCH Personal Tax
Making Tax Digital
This document outlines the setup and functionality of HMRC's initiative under the Making Tax Digital program, which allows tax software to access and display individual tax information for easier Tax Return preparation. It details the necessary configurations, including enabling a new configuration key, authorizing agent credentials, and managing task permissions. Additionally, it explains how to access clients' Digital Tax Account data, the specifics of Marriage Allowance claims, potential error handling, and the important role of authorizing agent credentials for accessing HMRC data. The document emphasizes user permissions and the management of authorization statuses.
CCH Personal Tax
Joint Sources
The document details the functionality of the Joint Source window in a software application, enabling users to manage and allocate income from joint sources. It outlines how to access the window, options for specifying income distribution, and notes necessary preconditions for use. Users can share income equally or specify their ownership percentage, with an option to allocate rounding differences. It also describes the steps for removing a joint source. Key instructions emphasize the importance of entering required fields before accessing certain features.
CCH Personal Tax
Information Request
This document provides guidelines for using Information Request templates designed for automating the collection of tax return information from clients via CCH software. It details various default templates available for individuals and trusts, including instructions for locating, editing, and running mail merges for these templates. Additionally, it includes tips for correct data entry, handling joint income sources, and adjusting reporting parameters for tax years. Backup practices are recommended before editing templates to preserve original versions. The document emphasizes customizable options to tailor communication to client needs.
CCH Personal Tax
Common Tax Descriptions
The document outlines the use of the "Common Tax Descriptions" feature to streamline data entry by allowing users to input company names and other descriptions once, which can then be selected from a drop-down menu in relevant forms. It details the steps to open, add, and delete descriptions for various entities including UK and foreign companies, unit trusts, and cash payments. Notably, updates to the drop-down lists require closing and reopening the applicable tabs to refresh.
CCH Personal Tax
Bank and Select Lender
This document provides a step-by-step guide on how to select, create, edit, and delete banks and lenders within a specific data entry screen for tax purposes. It outlines the process for using a wizard to create new banks or lenders, how to edit existing records, and instructions for deleting them. Key features include updating details like bank/lender name and sort code and accessing the relevant fields within a tax return. The document includes visual aids to facilitate understanding of the procedures.
CCH Personal Tax
Tax Notes
Note Types: opening, adding, editing and deleting Notes.
CCH Personal Tax
Tax Return Status
The document provides an overview of options available in the Status panel for managing tax returns, including statuses like "All Complete," "Reviewed," and "Estimated." Users can add notes and modify the tax return status by selecting from a dropdown menu, with changes reflected in the Filing Status control, which visually represents client status. Additional notes clarify that certain options are hidden if detailed data is present. The document also references customization options for the Home Page, emphasizing user adaptability.
CCH Personal Tax
Joint Sources
The document details the functionality of the Joint Source window in a software application, enabling users to manage and allocate income from joint sources. It outlines how to access the window, options for specifying income distribution, and notes necessary preconditions for use. Users can share income equally or specify their ownership percentage, with an option to allocate rounding differences. It also describes the steps for removing a joint source. Key instructions emphasize the importance of entering required fields before accessing certain features.