Please follow the steps below to process the preparation checklist in the Income-tax module:
Click the Process tab, and click the Preparation Checklist button.
Click Ready to Proceed.
In Step 1, if there are errors, you need to rectify them before you click on the Next button.
In Step 2, click the CPF Contribution Report and click Preview to check for any excess CPF or short contribution.
In Step 3, if you subscribe to PAT Line, then uncheck IRAS Submission and click the Format Address button to format your employee's address. IRAS users can ignore this step and click the Next button.
In Step 4, this is a reminder to enter your posted overseas employee's CPF into the Process Pay to exclude them from the IR8A declaration.
Click the Next button to proceed.
In Step 5, click Pay Element Property to check if you have any pay elements that you will need to map.
Then, click Pay Element Setup, select your pay element, and map your pay element accordingly.
Click the Next button.
In Step 6, this is a reminder to file Appendix 8A for the employee who has benefits in kind.
In Step 7, this is again a reminder to file for Appendix 8B for the employee who has a stock option and has exercised it in the year.
Contact sales if you have any inquiries about the income tax training.