Business Tax- How to suppress profits from the trade on the Corporation Tax computation? Charity/Non profit

Article ID

ias-8755

Article Name

Created Date

15th April 2010

Product

IRIS Business Tax

Problem

IRIS Business Tax- How to suppress profits from the trade on the Corporation Tax computation? Charity or Non profit company

Resolution

1. Log on to IRIS Business Tax and select the client
2. From the Edit menu select Corporation Tax Computation Options
3. Enable the option to Suppress Profits from Trade – this will not use the income/profit on the tax comp/tax return

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