Navigation: Assignments Tab
Taxation Menu Group
Tax Equalization Menu
The Tax Equalization Detail screen is used to track high-level information about the Tax Equalization service, as well as provide access to hypothetical true-up and final gross-up amounts (Figure 10).
Figure 10: The Tax Equalization Detail screen.
Pertinent fields on this screen are:
Home Country: Identifies the home country against which the assignee’s taxes are equalized.
Annual Hypothetical True-Up Summary grid: Lists the true-up records for specific Tax Years and Return Types. Create a new Annual Hypothetical True-Up record by clicking the [New] button in this grid.
Final Grossup Summary grid: Lists the final gross-up amounts for a specific Tax Year. Create a new Tax Equalization Final Gross-Up Detail record by clicking the [New] button in this grid.
Click the [Delete] button to clear the data out of the Tax Equalization Detail fields and start with a blank record.
Annual Hypothetical True-Up
The Annual Hypothetical True-Up screen is used to track true-up details for a specific Tax Year and Return Type (Figure 11).
Create a new Annual Hypothetical True-Up record by clicking the [New] button in the Annual Hypothetical True-Up Summary grid on the Tax Equalization Details screen. These records can also be created by vendors using the Vendor Portal or Vendor Integration, provided they have been issued a Tax service order.
Update an existing Annual Hypothetical True-Up record by clicking the [Edit] button in the Annual Hypothetical True-Up Summary grid on the Tax Equalization Details screen. These records can also be updated by vendors using the Vendor Portal or Vendor Integration, provided they have been issued the service order associated with the Annual Hypothetical True-Up’s record.
Click the [Save] button to display the Notes section.
Figure 11: The Tax Equalization Annual Hypothetical True-Up screen.
Pertinent fields on this screen are:
Service Order: Identifies the Service Order with which the Annual Hypothetical True-Up record is associated. In other words, this record is the result of the vendor’s work performed on the Service Order.
Service Orders are listed based on their Service Types, which are identified in the Service Type Screen mapping for the Annual Hypothetical True-Up screen. This means that Service Orders created from both the Tax Service Request and the generic Service Order screens are displayed, provided they reference the Service Type(s) configured for the Annual Hypothetical True-Up screen.
Tax Year: Identifies the Tax Year for which the true-up payment amount is being calculated.
The format of the Tax Year -- Calendar or Fiscal -- is determined based on the Home Country identified on the Tax Equalization Details screen. If no Home Country is specified, a warning will display: “No Tax Equalization Home Country was found. Tax Year choice list is using Calendar year format.” To remove the warning, select a Home Country on the Tax Equalization Details screen.
For additional details about how the Tax Year is stored, please see the Tax Year field description in section “Tax Return Details”.
Type of Return: Identifies the entity for which the equalization is prepared. Values are State/Province, National/Federal, Local, Combined National/Federal and State/Province, and Other.
Hypothetical Withholding: Identifies the hypothetical tax amount that was withheld from the assignee’s paycheck.
True-Up Payment Amount and Owed To: Identifies the calculated amount that reconciles the hypo withholding against the actual taxes due, as well as identifies who that amount is paid to (Company or Employee).
Amount Taxable Through Payroll?: Is used to determine the treatment of Tax Equalization payments for payroll processing.
Refund Payment History section: Tracks the payments made by the assignee to the company.
Click the [Close] button to return to the Tax Equalization Detail screen.
Tax Equalization Final Grossup Summary Detail
The Tax Equalization Final Gross-Up Detail screen is used to track final gross-up amounts for a specific Tax Year (Figure 12).
Create a new Tax Equalization Final Gross-Up Detail record by clicking the [New] button in the Final Grossup Summary grid on the Tax Equalization Details screen. These records can also be created by vendors using the Vendor Portal or Vendor Integration, provided they have been issued a Tax service order.
Update an existing Tax Equalization Final Gross-Up Detail record by clicking the [Edit] button in the Final Grossup Summary grid on the Tax Equalization Details screen. These records can also be updated by vendors using the Vendor Portal or Vendor Integration, provided they have been issued the service order associated with the Final Gross-up Detail record.
Select an Associated Service Order or click the [Save] button to display the Notes section.
Figure 12: The Tax Equalization Final Gross-Up Detail screen.
Pertinent fields on this screen are:
Service Order: Identifies the Service Order with which the Tax Equalization Final Gross-Up Detail record is associated. In other words, this record is the result of the vendor’s work performed on the Service Order.
Service Orders are listed based on their Service Types, which are identified in the Service Type Screen mapping for the Tax Equalization Final Gross-Up Detail screen. This means that Service Orders created from both the Tax Service Request and the generic Service Order screens are displayed, provided they reference the Service Type(s) configured for the Tax Equalization Final Gross-Up Detail screen.
Tax Year: The Tax Year for which the gross-up is calculated.
Gross-up section: Tracks the gross-up amounts paid by tax authority.
Click the [Close] button to return to the Tax Equalization Details screen.