Topic results Tax Groups

CCH Corporation Tax
Adding Companies to Groups
This document outlines the process of adding companies to a group using two methods: the Associated tab and the Tax Group tab in the group's parent record. It details the steps for establishing associations, including setting relationship types and dates. Additionally, it discusses using a contact record instead of a client record for companies without compliance services, emphasizing the importance of maintaining accurate financial details for group relief calculations.
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CCH Corporation Tax
Groups: Overview
An overview of the Groups module in CCH Corporation Tax, accessible through the Tax Group tab. This module enables users to efficiently manage and allocate tax losses across group companies, view their profit and loss positions, and handle group relief claims without redundant data entry. Key features include the ability to create accounting periods, update loss allocations, and export group information. It also addresses non-coterminous periods, ensuring accurate handling of profits and losses across differing accounting periods. Overall, the module simplifies tax management for corporate groups.
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CCH Corporation Tax
Creating a Group
How to set up a group in CCH Corporation Tax by creating or assigning a parent Corporation Tax client, marking it as a group entity, and confirming the setup using illustrated step-by-step instructions.
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CCH Corporation Tax
Removing Companies from Groups
This document outlines the processes for removing companies and contacts from a group in a database. It specifies that companies should only be removed if added in error; otherwise, an end date should be recorded for those ceasing to be group members. The instructions detail accessing the appropriate "Associated" tab, selecting the group association, and confirming deletion. For members leaving the group, adding an end date is advised, which can be done in both the group parent's record and the individual company's record.
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CCH Corporation Tax
Non Client Group Companies
The document outlines how to manage tax-related records for companies in a group that do not file Tax Returns. Instead of creating client records, contact records are established, displayed as non-clients. To accurately depict the group's profit and loss, users can add financial details for these contact companies via the "Add Profit/losses" hyperlink. The process involves entering accounting period details and profit or loss figures for various categories. Users can also amend previously entered figures as needed, ensuring comprehensive financial representation for the group.
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