Warning
Product support for the ended on September 30, 2020.
- Write Up CS
- Payroll CS
- Engagement CS
- Client Bookkeeping Solution
- Financial Analysis CS
Help & How-To Center content for the Creative Solutions Accounting platform may be outdated and is used at your own risk.
Use the Corporate Income Tax Information dialog to define income tax information for all clients. You can enter either a fixed tax percentage rate, or graduated tax rate information in this dialog. If information is entered in both the Fixed Percentage field and the Tax Table grid, the program will calculate tax amounts based on the fixed percentage rate.
Choose Automatic Journal Entries from the Setup menu. In the Automatic Journal Entries dialog, click the Income Tax tab and then click the Tables button.
See also: Automatic Journal Entries [Setup menu]
Fields & buttons
Lists the tables already entered for this client.
- To add a new table, click the Add button.
- To edit an existing table, highlight it and then click the Edit button.
- To delete an existing table, highlight the table and click the Delete button. You will be prompted to confirm the deletion.
For new tables: When adding a table, enter a description of the table in this field.
For existing tables: Displays the description assigned to the table highlighted in the list. To change the description, click the Edit button.
For new tables: When adding a table, enter the date that you want the information on the table to become effective.
For existing tables: Displays the effective date assigned to the table highlighted in the list. To change the effective date, click the edit button.
For new tables: When adding a table, if you wish to use a fixed tax percentage, enter the percentage here.
For existing tables: Displays the fixed percentage assigned to the table highlighted in the list. To change the fixed percentage, click the edit button.
If you have entered a fixed percentage, and you have entered amounts on the income and tax rates table, the program will only use the Fixed percentage rate.
For new tables: When adding a table, enter the income and tax amounts here.
When adding a table, the only fields you will be able to access are the But Not More Than and Plus Percent fields. The rest of the fields are calculated for you.
In the But Not More Than column, enter the highest income that you want to assign a certain tax percentage to.
In the Plus Percent column, enter the tax percentage that you want to assign to the specified income range.
For existing tables: Displays the income and tax amounts assigned to the table highlighted in the list. To change the income and tax amounts, click the edit button.
If you have entered a fixed percentage, and you have entered amounts on the income and tax rates table, the program will only use the fixed percentage rate.
CREATIVE SOLUTIONS ACCOUNTING
