SECTIONSTax Reporting
The Tax Reporting package has the following three main functionalities:
- Business Activity Statement
- Forms 1099
- VAT Return Reporting
The Business Activity Statement functionality enables you to gather the data required to complete and submit the Business Activity Statement for Australian companies.
The Forms 1099 functionality enables you to retrieve and export data from payments made to 1099 reportable vendor accounts. This information enables you to complete your Forms 1099-MISC and 1099-NEC for US companies.
The VAT Return Reporting functionality enables you to generate a VAT return report that meets HMRC requirements for UK companies. You can view breakdown reports for each VAT tax box, and work with the details using the usual Salesforce report functionality.