Topic results Employments

CCH Personal Tax
Add Cash Payments
The document provides instructions for entering cash payment details in a tax system. Users must select or create a description, optionally choose a currency if not in British pounds, and input the payment amount. It specifies entering the payment date within the current tax year, an optional conversion rate if applicable, and the resulting sterling value unless a different currency is selected.
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CCH Personal Tax
Employment
The document provides detailed instructions for entering employment and self-employment information in a tax return system. It outlines the steps to create an employer profile, add employment and income details using P45 or P60 forms, and manage employer details. Additionally, it describes how to input self-employment data including business information, income, expenses, and balance sheet entries. The guidance emphasizes the importance of certain fields and options, such as pension contributions and cash payments, to ensure accurate tax return submissions.
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CCH IFirm Personal Tax
Employment
This document provides instructions for adding employment data and income in the CCH iFirm Personal Tax software. Users can navigate to the Employment section to input details such as employer name, PAYE tax reference, and employment income, including director status and dates for employment changes. The document also outlines how to record benefits, expenses, student loan repayments, and lump sum payments. Users can control the printing options for the employment page and navigate through various sections for comprehensive data entry.
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CCH Personal Tax
Add Student Loans
This document provides instructions for inputting student loan details into a system, specifically for employers who pay student loans and for teachers eligible for the Repayment of Teachers Loan Scheme. It outlines the steps to enter repayment amounts and check eligibility for the scheme, which exempts teachers from repayments while in qualified employment and allows for loan forgiveness after ten years. Additionally, it mentions options for advising on taxpayer liabilities related to student loan repayments.
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CCH Personal Tax
Add Overseas Matters
The document provides instructions for entering foreign income details in the "Overseas Matters" tab. It emphasizes selecting the work period and specifies that users must indicate whether the duties abroad are "Partly" or "Wholly" worked. Key steps include entering total workdays, UK workdays, deductions, tips, foreign tax, and payments related to foreign income, followed by saving the information. It also notes the optional nature of the Seafarers Earnings Deduction.
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CCH Personal Tax
Add Lump Sums
The document outlines the process for adding lump sum payments, such as redundancy and compensation payments, using a specific tab. It describes two methods: entering payments directly into designated white boxes or clicking on hyperlinks for detailed payment options, including tax-free amounts under £30,000 and specific categories like foreign service and disability. A window will appear to facilitate the entry of these payment details.
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CCH Personal Tax
Add Benefits and Expenses
This document outlines the process for managing employee benefits and expenses. It details two methods for adding benefits or expenses, including a basic method and a more detailed approach using various calculators. Users are instructed to enter amounts and save their entries. A note highlights a specific restriction regarding travel cost selections.
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