Tax payments exceptions report
This is for NZ tax but could work across all countries. In Tax Payments a field that shows the tax expected per the tax returns, vs the amount due as imported from IRD.
Often, especially around April/May, we get clients paying provisional tax against prior year income tax and vice versa.
The only way to be sure we are sending correct tax letters is to check every tax payment in XPM against the tax return we filed. Multiple times a year we find payments have gone to the wrong place, so the tax letter creates incorrectly, we then have to do a transfer in IRD and correct the letter.
Some kind of exceptions report, or another column under Tax Payments, which would quickly highlight those who don't match, would be incredibly useful.
Currently rely on old fashioned printing the payments page of the tax return when we file it, and then go through the ringbinder before approving any tax letters
Gillian Kirkman
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