Interest received for a partnership

Article ID

ias-6023

Article Name

Interest received for a partnership

Created Date

10th April 2008

Product

IRIS Business Tax

Problem

Where is the interest received for a partnership entered?

Resolution

Users are required to: 1. Log on to Business Tax and select the client. 2. From the Trades menu, select Partnerships, Data Entry, Savings, Investments and Other Income, select Income from Interest. 3. Select either; With Deduction of UK Income Tax or Without Deduction of UK Income Tax.