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How to add a tax year

  1. From the sidenav, select the Companies module.
  2. Find the Company you wish to edit in the list. Then on the right, click on "View company details".
  3. Click on the "Tax Years" tab.
  4. Click the "+ Add Tax Year" button in the upper right.
  5. A Name must be entered. This is usually just the year, e.g. 2020. From this, the system will calculate the appropriate Start Date and End Date.
    1. When the company files a change in fiscal year end, you will need to record, e.g "2020 Short-Year" and "2020 Long-Year" as two separate Tax Years. Please contact us if you need assistance recording this correctly.
    2. All other fields can be filled out but are not required. Scroll down and click "Submit"
  6. You’ll now see the new Tax Year listed in your Company.
 
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