Trust Tax

Business Revenue > Trust Tax

Here is a flowchart of Business Revenue Trust Tax navigation. Common Actions are included only if critical to completing the task. Obvious actions, such as Save, Previous and Close, are not  included in the flowchart.

Florida

• A Business Revenue web service offers the options to taxpayers who use Public Access to register, create, activate, inactivate, and maintain TDT accounts in addition to paying their TDT taxes online.

• Owners and Service Companies of trust tax accounts can file returns, report rent, and accept multiple payments online for a current, future, or prior period using Aumentum Tax Public Access. A zero return can be filed for an existing or future period.  Any unfiled period is displayed in Public Access to provide notification of the missing return.  Also, future periods can be inactivated when a business closes.

San Francisco, California

• Payment Terms Rule Groups and Payment Terms Rules accommodate the requirement for penalty and interest calculation and capping on Trust Tax bills for the trust tax type of Payroll, where the bill meets the Small Business Exemption criteria. For Payment Terms Rule Groups: 1.) A group calculation method can be selected. The two options are Default and Trust Tax Value Type Substitute Basis and Capping. If Default is the only option, then this dropdown list does not display and the Default method is used. When the Group Calculation Method is Trust Tax Value Type Substitute Basis and Capping, all Payment Terms Rules that are applied to a bill that fall into that group perform a check to see if a cap, or limit, has been reached. Once the cap has been reached, no further penalty or interest accrues on the bill. 2.) Substitute tax basis information can be selected for the group; and 3.) A new Attribute Value Payroll Tax APY has been added to the Group Attribute Trust Tax Type. For Payment Terms Rules: 1.) Total Tax Charges on Bill has been added as criteria in Bill Application Rules. This is where the SBE Lowest Threshold is set. Currently it is at $2250.00 (The payroll expense amount of $150,000 * 1.5% rate). This setting looks at the total tax charges (ChargeType=Tax) on the bill, regardless of payment. If the bill is under a Payment Terms Rule Group that has the Group Calculation Method of Trust Tax Value Type Substitute Basis and Capping, and the actual tax charges are $0, then the Substitute Tax Basis is used as the total tax charges. If the total tax charges on the bill do not meet this configuration, the system determines that the bill does not meet criteria and the payment terms rule calculation are not applied. This way, for Payroll Trust Tax bills that are filed late but which are below the SBE Lowest Threshold do not accrue any late payment penalty or interest; and 2.) Trust Tax Filing Date has been added as criteria for Bill Application Rules. For Payroll Trust Tax bills, the late payment penalty and late payment interest only accrue when the taxpayer has filed late. Business Revenue determines this by comparing the Filing Date to the Due Date. The date that the Trust Tax Filing Date is compared to comes from a selection from the systype category Functional Calendar Event Types. The selection determines which Date Value to use from DateGroupDetail. (Or for bills that have not yet been posted, the date is passed to A/R by Business Revenue). If the Filing Date does not meet the configured criteria, the system determines that the bill does not meet criteria and the payment terms rule calculation are not applied. To set this up:

• Set up Payment Terms Rules via Tax > Accounts Receivable > Payment Terms Mapping and Setup > Payment Terms Rule Setup.

• Setup Payment Terms Rule Groups via Tax > Accounts Receivable > Payment Terms Mapping and Setup > Payment Terms Rule Groups.

San Francisco, California

• A Web API includes Trust Tax Return Filing Correction/Amendment Functionality. The web service is called to post a correction to the return for the selected trust tax account number. Your Support Representative provides the appropriate user name and password. The Security Token obtained with this web service call has a lifespan of 12 hours. Access the Business Revenue Web Service by adding a Service Reference to your project. The reference that should be added is

• • http://**HOSTROOT**/WebUI/BusRev/WebServices/BusinessRevenueWebServices.asmx, where **HOSTROOT** represents the root of the Aumentum service.

Each web service call takes in a single parameter. This parameter is a JSON object that must be named BRWebServiceRequest. The properties to be contained within this BRWebServiceRequest are detailed within the documentation of each web service call.  Data returned via the webservice includes, for example, business account information (e.g., account number, description, start/end date, location, flags), flag values and information, location, trust tax account information (e.g., account number, description, start/end date, location, flags), trust tax group, trust tax return filing information, business and legal parties, DBA party, mailing/situs addresses. Once corrected, the web service posts the corrected return. Data that can be corrected/amended via the web service includes, for example, mailing/situs location add/change, contact information, and business closings. Once corrected/amended, the webservice posts the corrections to the account.