Personal Tax- Partnership shows up as Sole trader OR you only deal with one of the Partners

personal-tax-partnership-shows-up-as-sole-trader-or-you-only-deal-with-one-of-the-partners

Personal Tax- Partnership shows up as Sole trader OR you only deal with one of the Partners

21st September 2021

Personal Tax- A Partnership business shows up as Sole trader on bottom half OR you only deal with one of the Partners

To trigger the partnership pages you need two or more partners within the Partnership. If you only create one partner within the business then PT will automatically treat it as a sole trader.

BUT you only deal with one of the partners? (the rest are not your clients). If correct then just create a fake partner.

1. Load client and relevant period
2. TPV/ STP
3. On the top half – click Edit
4. Related and then involvements
5. There should be one active partner listed here under the Partner tab – click New
6. Next to Partner click the magnifying glass
7. On the top right – click the + PLUS symbol (or new button if on old screens)
8. Create a new client – Next
9. Person and Next
10. Give a fake name eg ‘ZZFakepartner’ and Next
11. When it asks for a unique ID – name it ‘ZZFakepartner’ (Why the ZZ: its because this will appear at the very bottom of your client lists and wont clutter up your real clients)
12. Save and give it a ‘From Date’
13. Once saved correctly – the Sole trader will automatically change to Partnership
14. Remember to keep using the ‘ZZFakepartner’ for any future partnerships.