Business income /periodandyear/help/taxation/personal/type-2/business-income section 2024-09-12T19:33:52+02:00 # Business income Additional business income /periodandyear/help/taxation/personal/type-2/business-income/additional-business-income page 2024-09-12T19:33:52+02:00 # Additional business income Here you can specify costs from the income statement that are to be reversed and other items. Costs in the income statement relating to shares, units and other securities are reversed to specified fields, whereas taxable amounts for these items - where applicable - are re-entered in separate fields. **Additional business income** is transferred to the calculation on left. Approve the values by clicking on the status symbol in the column **Done**. The values are automatically transferred to the relevant subjects in the Business specification. Deduction business income /periodandyear/help/taxation/personal/type-2/business-income/deduction-business-income page 2024-09-12T19:33:52+02:00 # Deduction business income Here you can specify income from the income statement that are to be reversed and other items. Recorded income from shares, units and other securities are reversed to specified fields, whereas taxable amounts for these items - where applicable - are re-entered in separate fields. **Deduction business income** is transferred to the calculation on the left hand side. Approve the values by clicking on the status symbol in the column **Done**. The values are automatically transferred to the relevant subjects in the Business specification. Changes in temporary differences /periodandyear/help/taxation/personal/type-2/business-income/changes-in-temporary-differences page 2024-09-12T19:33:52+02:00 # Changes in temporary differences Go to **Business income - Changes in temporary differences** to calculate all temporary differences, change in deferred tax and deferred tax / tax assets in the balance sheet.

Do the following steps:

  1. First, you calculate all temporary differences between accounting and taxable values ​​01.01 and 31.12.
  2. Furthermore, you deduct any temporary differences that should not be included in the calculation basis for deferred tax / tax assets (for example, goodwill arising from merger / demerger).
  3. Consider offsetting tax-increasing and tax-reducing temporary differences and whether there are temporary differences that should not be offset.
  4. Calculate net deferred tax / tax assets in the balance sheet.
  5. Assess if deferred tax assets should be recognized in the balance sheet.
  6. Changes in temporary differences affecting tax payable is transferred to the calculation of total business income on the left hand side.
Values are automatically transferred to relevant subjects in the Business specification. Under the tab **Differences, tax payable**, the system has calculated temporary differences based on values ​​in the **Accounting** and **Taxable columns**. Select **Show All** to show all lines. The system generates taxable value equal to the accounting value for fields that may have a taxable value. You can override fields by hovering over the value in the field and clicking on the symbol that appears. Select **Override**. Select the blue arrow next to a line to see which client accounts in the income statement which are linked to each line as well as the specified taxable value on the relevant lines. **Total temporary differences affecting tax payable** summarizes the lines for each column. In the tab **Overview temporary differences**, a summary of temporary differences is displayed as of 01.01 and 31.12, and the changes. This overview is shown as part of the note **Temporary differences**under **Year-end closing - Annual report**. Beregning av driftsresultat /periodandyear/help/taxation/personal/type-2/business-income/calculation-of-operating-profit-loss page 2024-09-12T19:33:52+02:00 # Beregning av driftsresultat ## Calculation of operating profit/loss Click on **Operating income** on the left side of the menu and the right side will display a specification of which operating income accounts that are booked in the financial statement. If you hover over the amount field, you will see a menu icon where you can choose between **Show accounts** or **Override amount**. If you click **Show all** in the upper right corner of the screen, all income fields will appear. The income fields correspond to Income statement 1, and the values are automatically transferred to relevant subjects in tax return for businesses. **Total operating income** is transferred to the calculation on the left side. Approve the values ​​by clicking the symbol in the **Done** column. Click on **Operating expenses** on the left side of the menu and the right side will display a specification of which operating expenses accounts that are booked in the financial statement. If you hover over the amount field, you will see a menu icon where you can choose between **Show accounts** or **Override amount**. If you click **Show all** in the upper right corner of the screen, all expenses fields will appear. The expenses fields correspond to Income statement 1, and values are automatically transferred to relevant subjects in tax return for businesses. **Total operating expenses** is transferred to the calculation on the left side. Approve the values by clicking the symbol in the **Done** column. The **Operating profit/loss** result is calculated on the left side in the menu. Click **Net capital income/expense** on the left side of the menu and the right side will display a specification of which net capital income/expense accounts that are booked in the income statement. If you hover over the amount field, you will see a menu icon where you can choose between **Show accounts** or **Override amount**. If you click **Show all** in the upper right corner of the screen, all expenses fields will appear. The income/expense fields correspond to Income statement 1, and values are automatically transferred to relevant subjects in tax return for businesses. **Total net capital income/expense** is transferred to the calculation on the left side. Approve the values by clicking the symbol in the **Done** column. The **Result sole proprietorship** is calculated on the left side in the menu. ## Distribution of business income between spouses and municipality Spouses, registered partners and spouse equivalent cohabitants that have worked for the business during the income year can divide income from joint business between them. [Read more about spouse distribution at The Norwegian Tax Administration](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/slik-deler-ektefeller-inntekt-fra-felles-virksomhet/). Distribution is activated by checking **Spouse allocation** under **Year-end closing - Information and tax - Information - Company information**. Click on **Business income and spouse distribution** on the left side menu under**Business income** and the right side will display a specification of Result for Business and Assigned result for owner/spouse. Change the field **Share** to adjust distribution between spouses. It is also possible to select different municipality if needed. Click on the ![](./img/16_send.png.PNG) -icon to go to the menu **Personal income**. Primary industry deduction /periodandyear/help/taxation/personal/type-2/business-income/primary-industry-deduction page 2024-09-12T19:33:52+02:00 # Primary industry deduction ## Primary industry deduction Click on **Primary industry deduction** on the left side menu under **Business income** to display an overview with Total primary industry deduction and a detail tab for each type of deduction. Check **Entitled for deduction** to enable the registration fields. The field Taxable result or deficit from business income is automatically transferred from **Business income and spouse distribution.** Fill in the relevant fields to calculate the deduction. The field Deduction to owner (amount within deduction limit) is calculated according to registered values and displayed on the overview tab. Primary industry is activated by selecting **Primary industry** under **Year-end closing - Information and tax - Information - Company information**. Business income and spouse distribution /periodandyear/help/taxation/personal/type-2/business-income/spouse-distribution page 2024-09-19T15:50:46+02:00 # Business income and spouse distribution Click on **Business income and spouse distribution** on the left side menu under**Business income** and the right side will display a specification of Result and assigned result for owner/spouse. Change the field **Share** to adjust distribution between spouses. It is also possible to select different municipality if needed. Spouses, registered partners and spouse equivalent cohabitants that have worked for the business during the income year can divide income from joint business between them. [Read more about spouse distribution at The Norwegian Tax Administration](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/slik-deler-ektefeller-inntekt-fra-felles-virksomhet/). Distribution is activated by checking **Spouse distribution of income and / or wealth** under **Year-end closing - Information and tax - Information - Client information - Spouse allocation**. > [!NOTE] Share values across clients > By registering social security number on the owner and spouse and activate export of data in **Client information - Spouse allocation** on the main practitioner it is possible to share values from business income, personal income and wealth/debt across clients within the same accounting office. Go to **Tax return - Values from spouse** to fetch or edit data that has been made available from the spouse\'s client file. > > Period & Year will find changes in the client file and display a warning in the left side menu in **Tax return** if newer data is available. Values can be updated by clicking on the button **Fetch** if values has not been updated automatically. Click on the ![send](./img/16_send.png.PNG)-icon to go to the menu **Personal income**.