Convert a Sole Trade to Business Tax Business when Not Integrated in Personal Tax
Before you convert a sole trade to a business tax business, you'll need to have a full 12-month accounting period for the client.
note
If you intend to convert the sole trade to a business tax business in preparation for a conversion to a partnership, you'll also need a full 12-month accounting period as a business tax business, so consider carefully which accounting period you need to convert.
- SelectEdit, thenSchedule Editor.
- SelectSole Trade, thenEdit.
- Select the sole trade, then selectConvert.
- Enter the first accounting period you want to process for the client as a business tax business.