/periodandyear/help/taxation/participant-taxed/type-2/participants section 2024-09-13T13:35:28+02:00 # Participants The participant function contains both content for the tax return and calculation functions for allocating various items to participants or registering the entry and exit of participants as well as transfers of ownership shares. ## Participants overview This displays an overview of company participants with the distribution of ownership shares at the beginning and end of the year, as well as the distributed share of profits. By clicking on a participant, you will navigate to the participant\'s card. Participant tasks are available as a downloadable zip file in the menu at the lower left corner. The participant tasks are intended to be sent to each company participant. Participants are created by pressing the add button in the upper right corner. When creating a new participant, it is usually sufficient to enter data under **Participants** -- **Participant\'s name** - **Information**, while other details will be derived from various functions with the distribution of amounts among participants. When manually creating a client for an existing company (creating a new client) that is not imported from Altinn, registration of other information transferred from previous years must, of course, also be recorded.\" ## Participant - Participant\'s name - Information This tab provides key information about the company participant. ## Participant - Participant\'s name - Distribution This tab provides an overview of distributions. These are recorded as a distribution of accounted dividends in the Distributions etc. function in the left menu. ## Participant - Participant\'s name - Additional income This tab is only visible for individual participants. This tab displays: • Calculation of the protection basis at the end of the year for individual participants. • Calculation and updating of protection deduction for individual participants. • Calculation of additions to income for individual participants. Normally, registration of values ​​here only applies to: • Unused shielding from previous years (if this must be changed) • Transferred shielding deduction from previous years from/to another company with participant fixing Other values ​​are transferred from other functions in the program. ## Participant - Participant\'s name - Cost price / equity account This tab shows the status and movement of: • Input value • Capital paid in for tax purposes • Equity for tax purposes • Accounting equity (only for those with full accounting obligations) This tab summarizes values ​​from other parts of the program, but can also be overridden if necessary. **Transferred from the previous income year** corresponds to the former RF-1233 pot 600 and are editable fields that show last year\'s values ​​from the line **Transferred to the next income year**. **Acquisition of share during the year** and the row **Realization of share during the year** show values ​​transferred from the **Transactions** function in the left menu. **Deposits in the year** and **Repayment of paid-in capital** show values ​​transferred from the function **Changes in sec. Paid-in capital**l in the left menu. **Distribution for the year** shows values ​​transferred from the function **Distributions etc**. in the left menu. This year\'s distribution is also shown on the tab **Distribution** to the owner. **Improper contributions** consists of the tax disadvantage for the owner in cases where the year\'s distributions do not cover the calculated tax on the participant\'s share of the company\'s profit. The supplement is given because the taxpayer must use other funds outside the company to pay tax on the company\'s profits. Calculation of the amount is shown on the separate card **Distribution** to the owner. **Tax benefit of loss** consists of the tax benefit of loss in the participant\'s share of the year\'s tax loss and is also shown on the separate card **Distribution** to the owner. The tax rules for companies with participant determination mean that this tax advantage must be deducted from the taxpayer\'s input value and share of paid-in equity, as the deficit adds liquidity to the participant by reducing payable tax on income outside this company. **The year\'s tax result** is the participant\'s share of profit, as shown under the left-hand menu **Owners shares and profit shares** multiplied by the tax result as shown under **Business income.** **Tax-free income** and **non-deductible costs** is the participant\'s share of the amounts shown under the left-hand menu **Tax-free income and non-deductible costs**. The participant\'s share is the profit share as shown under the left-hand menu **Ownership shares and profit shares.** **Other correction** in column **Entry value** and column **Paid EK** applies to amounts from account with reference account 2015 / 8915 Other change in paid-in capital that is distributed between the participants in the left menu **Changes in sec. Paid-in capital**. **Other correction** under column **Earned equity** basically shows amounts from account with reference account 2058 / 2059 / 8958 / 8959 other changes in equity. However, the post office will also correct calculations for all owners to ensure that the item **Total EK** (Total tax equity) of all owners amounts to the sum of tax equity. If there is a discrepancy between tax equity in the tax accounts and the amount of all owners in total tax equity per 31.12. the difference will be distributed between the owners according to their share of ownership on 31.12. so that distributed equity amounts to the same amount as actual tax equity. The amount of total taxable equity will be calculated as total taxed equity in the accounts (code 2000, 2050 and 2080). For companies with full accounting obligations, the sum of temporary differences per 31.12. is deducted to arrive at tax equity. The column **Accounting equity** constitutes the participant\'s tax equity corrected for the share of temporary differences per 01.01. / 31.12. ## Participant - Participant\'s name - Acquisition/realization This tab contains an overview of transactions for the individual participant based on the transactions registered in the left-hand menu **Transactions**. ## Participant - Participant\'s name - Over/under price This tab only applies to impersonal taxpayers (identified by the organization number and not the participant\'s social security number). The function calculates the over- and under-price paid for transfers and also tries to distribute this in the case of partial disposal of ownership shares. The amounts can be overridden if necessary. ## Participant - Participant\'s name - Wealth and income Asset and income items from other registrations and calculations are summarized here. Some data are registration fields for records with no other functions associated with them. Feel free to press Show all to see all applicable fields for the taxpayer. See the [Items, fields and topics in the new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/selskap/poster-felter-og-temaer/) for more information. /periodandyear/help/taxation/participant-taxed/type-2/participants/transactions page 2024-09-13T13:35:28+02:00 # Transactions The various transactions for access and departure are recorded here. Access can be a foundation or companion admission, but also transfer between the participants. Departure can be exit from the company, dissolution or sale of share. Select share type when creating a transaction, which is done by pressing the plus button in the top right corner. Please note that the transfer of equity comes as a consequence of the calculations. For participants who sell everything in one transaction, all equity will be transferred from the seller to the buyer. For several sales in the same month to several other participants where the entire shareholding is sold, the amounts will be distributed between the transactions according to shareholding. If there is a partial sale or several sales over longer periods than the same calendar month, the calculation and distribution of transferred equity becomes more complex. /periodandyear/help/taxation/participant-taxed/type-2/participants/ownership-parts-profit-parts page 2024-09-13T13:35:28+02:00 # Ownership parts and profit parts This function summarizes ownership shares and profit shares month by month for each owner, with redistribution of ownership shares upon admission of a partner or exit from the company. The result is distributed over the months of the year and distributed to the owners who, at the end of the month, own the ownership share in line with the tax rules for this. The month\'s profit share is distributed between the owners who own shares at the end of the month. Profit shares can be overridden in cases where there are agreements that provide a different distribution of profits than the share of ownership dictates, and this is not distributed between the owners as remuneration for work via the function for remuneration for work. /periodandyear/help/taxation/participant-taxed/type-2/participants/work-compensation page 2024-09-13T13:35:28+02:00 # Work compensation (Salary to owner) Work remuneration is of three types, which are controlled by the accounting account for work remuneration before one of these three reference accounts: - 5600 Work allowance other industry - 5601 Work allowance from fishing / lottery to participant - 5602 Work allowance from family nursery school in own home Distribution of work allowance must be made separately for each of the types stated above. Distribution of work allowance between the participants can be done in one of two ways: 1\. Cost account linked to participant 2\. Manual distribution Distributed work allowance is shown on the **Wealth and income** tab for the individual participant. It is possible to register the desired work allowance on the individual account to get an automatic redistribution of work allowance from the cash withdrawal under the left-hand menu item **Distributions etc**. Please note that when making a change, you must make sure to change the amount during distributions after the work allowance has possibly been changed in the menu. /periodandyear/help/taxation/participant-taxed/type-2/participants/distributions page 2024-09-13T13:35:28+02:00 # Private withdrawals and equity deposits The function has distribution of distributions between the participants for each type of distribution. The reference account of the accounting account for distribution determines which type this is classified as. The distribution function gives you the opportunity to distribute the distributions manually between the participants, and has tool buttons that allow you to easily distribute the distributions according to ownership per share. 01.01. or per 31.12. /periodandyear/help/taxation/participant-taxed/type-2/participants/change-paid-capital page 2024-09-13T13:35:28+02:00 # Changes in taxable paid-in capital The function has the distribution of payments from the participants and payments to the participants for each type based on reference account to accounting account for receipts and payments of tax-related paid-in capital. The reference account of the accounting account for distribution determines which type this is classified as. The reference accounts that apply to this function are account 2011, 2012, 2013, 2014 and 2015. The distribution function gives you the opportunity to distribute payments and payouts manually between the participants, and has tool buttons that allow you to easily distribute the amounts according to ownership per share. 01.01. or per 31.12. The accounting account balance debit or credit is shown as a sign, so that payments are shown with a negative sign, and must be shown with a negative sign for correct distribution. /periodandyear/help/taxation/participant-taxed/type-2/participants/wealth page 2024-09-13T13:35:28+02:00 # Participants wealth This is an overview that shows the distribution of wealth between the participants and also the uneven distribution of wealth between the participants. Unequal distribution means that a participant has higher or lower equity than the equity resulting from the participant\'s share. /periodandyear/help/taxation/participant-taxed/type-2/participants/equity page 2024-09-13T13:35:28+02:00 # Equity This is an overview of equity per 1.1. and 31.12. with movements in the year. This is displayed with one line per participant and is a summary of the table of **Participant - Participant\'s name - Entry value/EC**. For companies with full accounting obligations, you can choose whether you want to see accounting or tax equity in the overview.