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Rolling over to a new tax year

edited Apr 1, 2020 10:14PM in Tax Reporting (Direct Tax) 7 comments

Summary

Required activities for rolling from year to year

Content

Fairly new to TRCS and this is our first time going into a new year with the app. My first exposure to TRCS was Q3 of 2019.

To prepare for Q1 2020, I created the new automation rules requested and then performed the rollover of rates and rules to P1 to P2 to P3.

The documentation that was prepared for us does not specify additional year end / period end cutover activities.  Is there anything that would need to be done to move from one year to the next that is not done when moving from quarter to quarter within a year?

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