Set the Income Years and Tasks

Modified on Wed, 01 May 2024 at 09:33 AM

When you create an entity, by default the system:  

  • Sets the default start and end dates to the standard balance date of the country the entity is in.
  • Select the Payment Tasks check box for the current and prior tax year. The system will automatically create return and payment tasks from the current year onwards.

You can edit the tax year settings to suit the needs of the entity and add return and payment tasks for previous tax years.

  1. On the entity’s Home page, click the Tax years tab.
  2. Update the income year, if you want to change a standard balance date or have a transitional year.
  3. Turn on the payment tasks for the relevant years.

See Manage returns and Manage payments to learn how to open and update the tasks.

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