Week 5

 



For this entire week, we are tasked with preparing the Income Tax Returns (ITRs) for our clients. This task involves reviewing the clients' working papers to ensure that their income, cash flow, and balance sheets are accurate and balanced. Next, we will transfer the data from the working papers to the clients' ITR files, which comprise the FS, Notes, Tax, and ITR sheets. Finally, we will complete Form 1701, the Annual Income Tax Return form. Once we have finished, we will photocopy all relevant forms, including Forms 1601C, 2550Q, 1601E, and 1701Q.

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