Need guidance on Balance configuration for state and local taxes
Summary:
Need guidance on Balance configuration for state and local taxes
Content (please ensure you mask any confidential information):
We need to create a new element then configure the Balance for Tax Filing to ADP. This is Modified Business Tax for Nevada.
I followed this document:
created the Deduction Element using the Employer Taxes primary classification, updated Input Values to include State.
However on the step:
"How You Define the Balance
Use the Balance Definitions task to define any balances required for the tax and establish their feeds.
In most cases, the following balances are required for a tax. There can be scenarios where one or more aren't."