Thank you for your feedback.

Was this useful?

Business Tax- Incorrect Profits on Extended Periods

Article ID

business-tax-incorrect-profits-on-extended-periods

Article Name

Business Tax- Incorrect Profits on Extended Periods

Created Date

18th December 2023

Product

IRIS Business Tax

Problem

IRIS Business Tax- Incorrect Profits on Extended Periods

Resolution

There are two different issues- read both fixes

1) IRIS is aware of an issue within the latest release in Business tax affecting the profits in extended periods. This has now been resolved with a hotfix. 

Please click on the link to download the HOTFIX 

NOTE: Please forward this KB to your I.T department or whoever handles the downloads. This file will need to be installed in the same way as every other update. 

2) The incorrect values only appear when you group the two computations together when printing the paper copy. When generating the electronic return, the computation produced will be correct. Additionally, running paper copies individually (and do not tick the box to group them together), this will show the correct values in the computations. Therefore, the workaround would be to not tick the box to print both computations together.

Thank you for your feedback.

Was this useful?