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3017 articles

personal-tax-2025-sole-trade-partnership-profit-incorrect-as-apportioning-360-365-days

IAS 21341 Personal Tax- 2025 Sole Trade/Partnership Profit incorrect apportioning 360/365 days (Manual fix)

The Self Employment and Partnership taxable profits is incorrect in the SA100, Tax computation and Trade computation. PT software has calculated an unexpected apportionment of…

personal-tax-2025-partnership-rental-profit-incorrect

Personal Tax- 2025 Partnership Rental profit incorrect on SA100/SOD (Fixed 25.2)

The Partnership rental profit is showing an incorrect apportionment by a number of days (example 360/365 - so a 5 day diff) in the Schedules…

personal-tax-2025-partnership-interest-incorrectlyapportionedbydays-on-tax-return

Personal Tax- 2025 Partnership Interest incorrectly apportioned by days 360/365 on Tax return

The Partnership share of Interest/Savings is incorrect in the partnership SA100. The software has calculated an unexpected apportionment of dates eg 360/365 and removing a…

personal-tax-pm-tax-summary-report

Personal Tax/PM – ‘Tax Summary’ report

The Personal tax 'Tax Summary' report can be accessed by loading client in PT and Client/View/Tax Summary - it will load columns of data per…

personal-tax-2025-trade-loss-carry-forward-to-next-year-incorrect-missing-on-sef4-box-80

Personal Tax – 2025 Trade loss carry forward to next year incorrect/missing on SEF4 Box 80

If you do not have a (Self Employment) Trade period dates of for example 05/04/24, 05/04/25, 05/04/2026 etc then there is a DEFECT on IRIS…

personal-tax-2024-25-farmers-averaging-incorrect-missing

Personal Tax- 2024/25 Farmers Averaging incorrect/missing

Personal Tax may provide incorrect or missing figures for Farmers Averaging in 2024 and 2025 on the IRIS version 25.1.4.42. The IRIS Development team has…

personal-tax-2025-partnership-profit-incorrect-on-trade-tax-comp-but-sa100-is-correct

Personal Tax- 2025 Partnership profit incorrect on Trade/Tax Comp/SOD but SA100 is correct

The Partnership share of taxable profits is correct in the partnership SA100, under the PT trade summary section. However for the Tax computation and Trade…

trust-tax-3001-4020-4065-error-number-of-other-trust-rate-trusts

Trust Tax- 3001 4020 4065 Error ‘Number of Other Trust rate Trusts’ OR Missing information (Special ID11)

Entered a value in Page 5 Box 9B.1 (Go to Data Entry/Trusts/Other Trust information/'Number of other trusts' field) but when you generate you get error…

business-tax-invalid-data-entry-amount-of-loan-0-00-and-cannot-edit-values-under-loans-screen-25-1-3-33

Business Tax- Invalid Data Entry: ‘Amount of Loan 0.00’ and cannot edit values in loans screen. Validation-box a15 must equal sum all and 3001 9401(Manual Fix)

This may also show as error 'Validation-box a15 must equal sum all amount loan amount in column A10b, value 0 is is invalid due to…

personal-tax-trade-profit-incorrect-on-tax-comp-25-1-3-33

Personal Tax- Trade Profit incorrect on Tax Comp 25.1.3.33 (Fixed)

If you are NOT on IRIS version 25.1.3.33, then please update to this version as there was a fix released on the incorrect calculation on…