Message-ID: <1975355731.7091.1711689999698.JavaMail.tomcat@ip-10-129-228-235> Subject: Exported From Confluence MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_Part_7090_178534583.1711689999696" ------=_Part_7090_178534583.1711689999696 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Content-Location: file:///C:/exported.html Schedule B (business income worksheet)

Schedule B (business income worksheet)

(excluding Primary Production)

This Tax worksheet provides for a record of income and expenses for non-= primary production, business or professional income to be kept.

Also refer to Borrowing Costs= .

Integration

The integration options offered are:

  • N Integrate amounts only to Business item

  • P Integrate amounts to Personal Services Business i= tem (Form I only)

  • Y Integrate main business details to Business = item

For Personal Services Businesses Only

Enter deductions against income entered previously in the worksheet that= are personal services (PSI) deductions. The total will then integrate to I= tem P1 label K. Click this link for = the Per= sonal services business self-assessment checklist information on the AT= O website.

Comple= ting the Worksheet

This worksheet lists applicable types of business income and deductions.= All amount fields allow for a grid to be attached for record keeping and d= issection purposes.

Other: At fields for other income and = other expenses, you provide both the description and amoun= t. To add extra lines press [Ctrl+Insert].

Depreciation: To open the depreciation worksheet at thi= s field press [Alt+S]. Refer to Depreciation worksheet (d).

Capital Works Deductions: To open the Capital works ded= uction (special building write-off) worksheet (sbw) press [Alt+S] to record the details. Refer to Capital works deductions worksheet (sbw).

Amounts from MV worksheet: At this field in Schedule B = the amount integrates from item 07 Total motor vehicle expenses all= ocated in the Motor Vehicle worksheet (mve). Integration depe= nds on selecting code b for NPP Income and expenses a= nd entering the percentage to be applied. Refer to Motor vehicle worksheet (mve).

Payment Summary Schedule: For the business income in wo= rksheet B to agree with the labels in the main return, you must enter the t= otal of the amounts entered in the Payment Summary schedule for non-primary= production labels D, B, F and O in the fields located in the worksheet above the access point to t= he Payment Summary schedule. To access the Payment Summary schedule from wo= rksheet B select Y and press [Enter].

 
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