Select a client that you wish to work on in the left parameter or make use of the search parameters to find the client you want. If the client code is orange this means its note created and by clicking on the new icon indicated by the arrow below. The top panel will be created with the client details.
The picture depicted below shows the three panels. The panel on the left hand side is a list of all the ITR14 clients, you can filter this down to a selected partner or manager or particular year-end or a particular type. Notice that some of the client codes listed have orange colours. This means that no tax record has been created for those clients for that particular year. The year you will see on the top of the left hand panel. Always make sure you are working on the right year.
The return info bottom right hand panel needs to be completed. Fill in the yellow parts as it is now in edit mode. To save click the green tick and to abort changes click the red x.
The first tab return information is of fundamental importance and needs to be completed correctly. Based on the information inserted here, the system will force other bits of information required to be opened. Depending on what you put here Sky will generate various other bits of information and pages that are required, so it is pretty important that you enter the right information on the front screen, in particular the Gross Income and the Total Assets. This will generate the container type i.e the size of the tax return. If you look at the top right hand side of the header line you will see that it says Large business, there is also Small business and micro business.
The parameters for the container type are listed below.
Micro business:If the gross income specified is equal or less than R1 million and the total assets is equal or less than R5 million, the business will be classified as a Micro Business, the Micro/ Body Corporate / Share Block : Balance Sheet, Income Statement and Tax Computation container must be completed.
Small business:If the gross income specified is equal or less than R20 million and the total assets is equal or less than R10 million and the business is not already classified as a micro business, then the business will be classified as a Small Business and the Small Business: Balance Sheet, Income Statement and Tax Computation container must be completed.
Medium to Large business:If none of the above conditions apply, then the company will be classified as a medium to large business , then the Medium to Large Business: Balance Sheet, Income Statement and Tax Computation container must be completed.
