The illustration below shows that the "Business" is currently activated (greyed out)  and is intended to be deactivated.


TABLE OF CONTENTS


A. Check if you have irrelevant figures via Business section

ie, open the "Business" tab and delete schedules or zero figures in it, then you will be able to deactivate the Business tab

.

B. Remove the Trading Name

NOTE: In preparing a Trust Tax Return, ABN number can still  be retained in the client Settings and the Business section can still be deactivated.

C. Revert to ? the Small Business Entity indicator



D. Remove the imported Financials

Remove the imported financials since it is unnecessary because it has no business. 

ie these details in the tax form is either manual input it or you have an imported financials, and you need to remove

Guide: Removing Imported Financials 


  • Depreciation is Irrelevant

For the "Depreciation" that has been imported/injected through the tax form, and don’t want to include financial amounts in tax return, user can add “Do not import to tax return” tag to their accounts.

Note: Before deactivating the Business section, you need to deactivate the Depreciation section first (if it is still activated).

ie related to "rental property", here's the tag-

EXPENSES:


REVENUE:

Make sure to have a "tag"


Other Tags that can be considered:


ASSETS:

LIABILITIES:


EQUITY:

Other option is to tag it as "Non Business"

The "Depreciation" tab should be emptied, and can turn off "Depreciation" via Manage Sections.


E. Remove Depreciation

Check Depreciation section is turned off.



If you're unable to turn off "Depreciation," go to "Tools" and update or remove the Asset categorized under "Business".

 

and/or "Rollback the date to remove. 


For the "Depreciation" that has been imported/injected through the tax form, and don’t want to include financial amounts in tax return, user can add “Do not import to tax return” tag to their accounts.