Forum Discussion

Fordette's avatar
Fordette
Experienced User
4 years ago

Shareholder salary

Hi This is actually a tax question for the new online tax programme and IR4 and IR10 tax returns I am confused with the Shareholder Details in an IR4 at key point 42 – Current account balance says ...
Niceday's avatar
Niceday
MYOB Staff
4 years ago

Hi Fordette,

 

Thank you for your post.

 

Unfortunately we cannot provide advice on what figures to enter into the keypoints in the return as we could be wrong.

 

In regards to your query, for keypoint 42 you need to enter the following positive for a debit balance or a negative for a credit balance and at key point 58  if in debit enter with a minus sign.

 

If you require assistance with what figures to enter into the return please refer to IRD for more assistance.

 

Kind regards,

 

Lisa

  • Fordette's avatar
    Fordette
    Experienced User
    4 years ago

    Hi,

    I thought maybe there would be someone on this board who has the required accounting knowledge to answer this. The IRD are next to useless when it comes to matters such as this.

     

     

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