The provisional tax calculator allows you to calculate and compare your client’s provisional tax amounts using the standard and estimation calculation methods for a given year.
The information displayed includes: amounts used to calculate the provisional tax for the applicable calculation method certain fields, identified by a box where you can enter amounts that affect the calculations, e.g., voluntary payments and estimates. a list of historical calculations, showing the most recent calculations saved for each calculation method a comment box where you can enter free form comments.
When you open the provisional tax calculator, the latest tax information for the selected client is displayed. At the top of the window, there are five radio buttons, one for each of the calculation methods: For Advised IRD on , enter the date is not have not will | UI Text Box |
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| In certain cases, a calculation method is not relevant for the client’s situation and you can't select it. For example, you can't select Standard (2 year prior) if last year’s income tax return has been filed. |
By selecting different calculation methods and entering different estimates, you can use the provisional tax calculator to evaluate the provisional tax payable in different scenarios. | UI Expand |
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| title | To use the provisional tax calculator |
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| Go to any of the following Tax Manager windows: Summary view Transactions view Tax notice details view.
On the TASKS bar, click Provisional tax calculator. The Provisional Tax Calculation window appears with the most recently-saved calculation method selected. To see the results of the selected calculation method, select from the available radio buttons. Enter any voluntary amounts or estimates that affect the calculation. When you've decided which calculation you want to use for this client, ensure that the relevant radio button is selected and click OK. The provisional tax calculator closes and any changes for the selected calculation method are saved to the history table. - To see the updated information on the Tax Manager Summary view, close and reopen Tax Manager.
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