Accountable (type 2) /periodandyear/help/taxation/personal/type-2 section 2024-09-12T19:33:52+02:00 # Accountable (type 2) Businesses who have a bookkeeping obligation and full accounting obligation and who must prepare an annual report for submission to Regnskapsregisteret. Will submit the income statement and balance sheet based on accounting principles as an electronic attachment to the tax-return by sole proprietorship. Read more about the [Tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/) at The Norwegian Tax Administration. Information /periodandyear/help/taxation/personal/type-2/information section 2024-09-12T19:33:52+02:00 # Information In **Information and tax - Information** you can register information about the company and add values for tax calculation. This is also where you enter additional information that is thematic or industry specific. This information is automatically transferred to relevant subjects in the tax return for businesses. Company /periodandyear/help/taxation/personal/type-2/information/company section 2024-09-12T19:33:52+02:00 # Company In the left menu below **Company** you register/update **Client information** and **Auditor**. This information is automatically transferred to relevant subjects in the tax return for businesses. Company information /periodandyear/help/taxation/personal/type-2/information/company/company-info page 2024-09-12T19:33:52+02:00 # Company information In **Company information**, some fields are populated automatically based on information that appears under **Settings - Company information**. Some company information can also be imported from the [Brønnøysund Register Centre](https://brreg.no/). Registered company information on the clients corporate identity number will be fetched.

When you start the year-end period for the first time, the import from the Brønnøysund Register Centre will be performed automatically.

To import data, simply click the button **Import from BrReg.no** at the bottom of the page in **Year-end closing - Information and tax - Information**. Fill in the other fields under **Client information** manually. Accounting office /periodandyear/help/taxation/personal/type-2/information/company/accounting-office page 2024-09-12T19:33:52+02:00 # Accounting office Information about the **Accounting office** can be imported from the [Brønnøysund Register Centre](https://brreg.no/) or filled out manually. Registered information about the Accounting office on the clients corporate identity number will be fetched. All information can be edited if needed. To import data, simply click the button **Import from BrReg.no** at the bottom of the page in **Year-end closing - Information and tax - Information**. The button is available in the following menus, - Client information - Accounting office - Auditor Auditor /periodandyear/help/taxation/personal/type-2/information/company/auditor page 2024-09-12T19:33:52+02:00 # Auditor Auditor appears in the menu on the left if you answered **Yes** to the question **Is the company subject to audit?** under **Company information**. Information about the **Auditor**can be imported from the [Brønnøysund Register Centre](https://brreg.no/) or filled out manually. Registered information about the auditor on the clients corporate identity number will be fetched. All information can be edited if needed. To import data, simply click the button **Import from BrReg.no** at the bottom of the page in **Year-end closing - Information and tax - Information**. The button is available in the following menus, - Client information - Accounting office - Auditor Basis values /periodandyear/help/taxation/personal/type-2/information/basis-values section 2024-09-12T19:33:52+02:00 # Basis values In the left menu under **Basis values**, you register values to calculate tax values. Account receivables /periodandyear/help/taxation/personal/type-2/information/basis-values/account-receivables-no page 2024-09-12T19:33:52+02:00 # Account receivables The **Overview** tab shows accounting value and tax value of accounts receivable this year and last year. Accounting value is displayed at client account level. The tax value displayed here is a result of entries on the **Calculated taxable value** tab. Click **Show all** to see all associated client accounts with zero values. On the **Calculated taxable value** tab, you calculate the tax value of accounts receivable. The system calculates tax write-down for the **Calculate based on formula** option. Nominal value of trade debtors and not invoiced trade debtors, confirmed losses on trade debtors, and sales revenue are automatically populated. If the amount in **Sales revenue** has both credit sales and cash sales, fill in the relevant amount for cash sales in the fields **Of which cash**. This because cash sales shall not be included in the calculation of tax write-downs of nominal value of trade debtors and not invoiced trade debtors. You can see which client accounts are part of an automatically populated field by hovering over a value field and clicking on the symbol that appears. Select **Show accounts**. In the same menu you can also select **Override amount**. If the company is newly established, you can choose to use the **Use 2% write-down** (newly established business). The system then calculates a 2% tax write-down of nominal value of trade debtors and not invoiced of trade debtors. When you do a change in this year\'s taxable value for account receivables, the system will automatically make a system voucher, so that the book value will be equal to the calculated taxable value. Under **Closing entries** you will see that the system has generated a system voucher **Calculation of tax write-down on account receivables**. Both accounting and taxable values are constantly updated in the tab **Overview**. Approve the values by clicking on the symbol in the **Done**column. Account receivables (personal) /periodandyear/help/taxation/personal/type-2/information/basis-values/account-receivables page 2024-09-12T19:33:52+02:00 # Account receivables (personal) The **Overview** tab shows accounting value and tax value of accounts receivable this year and last year. Accounting value is displayed at client account level. The tax value displayed here is a result of entries on the **Calculated taxable value** tab. Click **Show all** to see all associated client accounts with zero values. On the **Calculated taxable value** tab, you calculate the tax value of accounts receivable. The system calculates tax write-down for the **Calculate based on formula** option. Nominal value of trade debtors and not invoiced trade debtors, confirmed losses on trade debtors, and sales revenue are automatically populated. If the amount in **Sales revenue** has both credit sales and cash sales, fill in the relevant amount for cash sales in the fields **Of which cash**. This because cash sales shall not be included in the calculation of tax write-downs of nominal value of trade debtors and not invoiced trade debtors. You can see which client accounts are part of an automatically populated field by hovering over a value field and clicking on the symbol that appears. Select **Show accounts**. In the same menu you can also select **Override amount**. If the company is newly established, you can choose to use the **Use 2% write-down** (newly established business). The system then calculates a 2% tax write-down of nominal value of trade debtors and not invoiced of trade debtors. When you do a change in this year\'s taxable value for account receivables, the system will automatically make a system voucher, so that the book value will be equal to the calculated taxable value. Under **Closing entries** you will see that the system has generated a system voucher **Calculation of tax write-down on account receivables**. Both accounting and taxable values are constantly updated in the tab **Overview**. Approve the values by clicking on the symbol in the **Done**column. Tax-related depreciations /periodandyear/help/taxation/personal/type-2/information/basis-values/tax-related-depreciations page 2024-09-12T19:33:52+02:00 # Tax-related depreciations Tax-related deprecations should be completed and submitted with the new tax return for businesses.

The registration page for balance depreciation is dynamic in relation to what is registered. Fields are only displayed if they are relevant in the situation, depending on registration in other fields.

For example, fields for transfer to profit and loss account will only appear in cases where they are relevant, e.g. if the realization date is set for balance group e, or if balance group b has a negative value in the depreciation basis, while balance groups a, c, d and j according to the tax rules never have a transfer to profit and loss account, and therefore will never show fields for transfer of profit or loss to profit and loss account.

Follow the instructions below to calculate tax depreciation. 1. Click **Add entry**, the symbol at the top right to create new depreciations. 2. Select type of entry: **Reducing balance depreciation**, **Non-depreciable** or **Linear depreciation**. An entry is created in a separate tab. 3. Fill in relevant fields. You can delete an entry by pressing the **Delete \...**button at the bottom of each tab. The first tab shows an overview of created depreciations grouped by type of depreciation and a summation of all tax-related depreciations. Tax related depreciations is automatically transferred to **Personal income**. See [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/)[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. ## Field explanations ## Balance depreciation Id : A numeric id is suggested when you create a new taxable depreciation. Asset group : Select the asset group to which the fixed asset belongs. Balance basis per 01.01 : Enter a positive or negative balance from 31.12 last year. Calculated impaired value of discontinued assets : If the balance must be reduced by the impaired value of an asset. Enter the calculated value here. Cost price - new acquisitions : Enter the cost price for operating assets acquired during the income year. Fixed assets must be entered here if it is assumed to have a useful life of at least 3 years and the cost price of the fixed asset is NOK 15,000 (including VAT if there is no right to deduct) or higher. For buildings acquired during the income year, the cost price shall be divided between the building balance and the balance j for fixed technical installations. Cost price - improvements : Enter costs on existing or newly acquired fixed assets in their entirety. Maintenance can be expensed directly. If you choose to activate higher maintenance costs, further information must be provided. In the case of expenses on buildings acquired during the income year, the cost price shall be divided between the building balance j for fixed, technical installations. Government grants etc : Enter public subsidies, with the exception of investment subsidies to the districts in accordance with regulations issued by the King, to be written down on the cost price. Adjustment of input VAT : Enter any change in cost price as a result of an adjustment of input VAT in accordance with the VAT Act. Remuneration (sales value on withdrawal) : Upon realization and withdrawal of fixed assets in group a, b, c, d or j, it is possible to write-down the whole value or parts of the value on the balance in the relevant group instead of the income recognition. Return of investment grants to districts : Return of investment grants to districts is calculated automatically based on registered values. The value can be overridden. Recognized direct revenue this year : Enter the part of the consideration etc. (by withdrawal the turnover value) which is entered directly to income in the realization year according to the Tax Act § 14-44 (1) and which thus shall not affect the basis for the year\'s balance depreciation, income recognition or transfer to profit and loss account. Basis for the year\'s balance depreciation, etc. : Here is the basis for this year\'s depreciation. The value is calculated based on registered values. Depreciation this year (including start depreciation) : This year\'s balance depreciation is calculated here. Remaining positive balance below NOK 15,000 will be deducted in full. The calculated value can be overridden. Income this year of negative balance : Negative balance recognized as income in balance groups a, c, d or j with at least the group\'s depreciation rate. The value is calculated based on registered values. The remaining negative balance below NOK 15,000 will be recognized as income in full. The calculated value can be overridden. Basis balance transferred to next year : The remaining positive balance as of 31.12. this year. which will be transferred to balance basis 1.1 next year. The same applies to the remaining negative balance in groups a, c, d and j. The value is calculated based on registered values. Fixed asset grants after regulations from government : Enter any grants for investment in the districts. Profit and loss account /periodandyear/help/taxation/personal/type-2/information/basis-values/profit-loss-account page 2024-09-12T19:33:52+02:00 # Profit and loss account Profit and Loss should be completed and submitted with the company tax return if you have a loss account after the realisation of fixed assets etc. Follow the instructions below to calculate any profits or loss . 1. Click **Add profit- or loss account**, the symbol at the top right to create new accounts. An account is created in a separate tab. 2. Fill in relevant fields.

You can delete an account by clicking the Deletebutton at the bottom of each tab.

The first tab shows an overview of created accounts and a summation of all profit and loss accounts. The tax values of profit and loss accounts are automatically transferred to relevant subjects in business information. 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. ## Field explanations Profit and loss account ID : A numeric id is suggested when you create a new Profit-/loss account. Municipal : Relevant when there are several industries in several municipalities. Balance per 31.12. transferred from last year\'s profit and loss account : Enter the balance as of 31.12 in the previous income year, from the profit and loss account. \+ Total gain on realization and withdrawal : Enter all gains from the realization of fixed assets. Gain on realization of entire livestock on a farm upon termination of branch of operation : Enter all gains from the realization of entire livestock on a farm upon termination of branch of operation Incoming value from acquired profit and loss account : Enter any incoming value from acquired profit and loss account. Value of realized profit and loss account : Enter value of realized profit and loss account \- Total loss on realization and withdrawal : Enter all losses from the realization of fixed assets. = Basis for the year\'s income / deduction : Basis for this year\'s income / deduction recognition is calculated automatically based on registered values. \+ Maximum 20% as income deduction. Any remaining amount less than NOK 15,000 for deductions. : The value is calculated based on registered values. The field can be overridden by hovering over the field and selecting **Override amount**. Minimum 20% as income. Any remaining amount less than NOK 15,000 as income : The value is calculated based on registered values. The field can be overridden by hovering over the field and selecting **Override amount**. Balance profit and loss account per 31.12 transferred to next year. : The value is calculated based on registered values. Percentage for this year\'s income recognition or this year\'s income deduction : The rate for the current year is displayed. Additional information /periodandyear/help/taxation/personal/type-2/information/additional-info section 2024-09-12T19:33:52+02:00 # Additional information In the menu on the left under **Additional information**, you enter information and values that are theme or industry specific. Property /periodandyear/help/taxation/personal/type-2/information/additional-info/property page 2024-09-12T19:33:52+02:00 # Property Click the **Add property** icon in the upper right corner of the page to create a new property by selecting a type of property. If you select **Norwegian real estate** you will see a dialog where you can search by address or cadastre to find you property. Click **Add**and the property is created in a separate tab. Fill in the fields that are displayed, the system only displays relevant fields based on selection in the registration. You can delete a property by clicking the **Delete property** button at the bottom of the page. The first tab shows an **Overview**of created properties. Calculated wealth tax values are transferred to **Information and tax - Wealth**. Use of car /periodandyear/help/taxation/personal/type-2/information/additional-info/car-usage page 2024-09-12T19:33:52+02:00 # Use of car Click the **Add car** icon in the upper right corner of the page to create a new car. Registration fields will be displayed and registered values are automatically included in the tax return for businesses.

Cars are created in separate tabs. You can change the name/description of each car.

Start with filling out **Information about car usage**. The value **Balance depreciation for private use (for car not leased)l** is calculated automatically based on the values registered in **List price as new car**, **Registration year** and **Balance depreciation for private use (for car not leased)**, **Reversed car expenses for the private use of a work vehicle** is calculated automatically based on entered values. The first tab shows an overview of all created cars. On this tab you have the option to create an automatic system voucher regarding returns for private use. Calculated values and other information are transferred to relevant subjects in **Tax return- Business information.** Delete a car by clicking the **Delete car** button at the bottom of the page. See the previous [official guidelines](https://www.skatteetaten.no/globalassets/skjema/2021/rf-1125b.pdf) in the form RF-1125 Bruk av bil or [Posts, fields and subjects in new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/) for more information. ## Field explanations Car number plate : Enter the car's registration number in this field. Car category : Select one of the following car categories. : - Passenger car - Electric car : - Hydrogen car : - Van (class 2) : - Truck with weight under 7500 kg : - Truck with weight 7500 kg and more - Car reg. for 9 passengers or more (special arrangement) - Bus registered for 16 passengers or more Registration year : Enter the year in which the car was first registered as new in Norway or abroad. List price as new car : Enter the main importer\'s indicative price for the car model, before any discount,, including vat and wreck discount. Extra equipment must be included (eg radio / music system, winter tires, ski box, trailer hitch, etc.). Extra equipment that has value solely for professional use is excluded. This applies to e.g. special devices intended for the transport of tools etc. Number of kilometers during this year : Enter the number of kilometers driven in total during the income year. Number of kilometers of business use during this year : Enter the number of kilometers driven in the business during the income year. Time period : Enter time periods from date to date for when you have used the car in the business. Private usage : Enter if the business vehicle has been used privately in the income year. Electronic driving record regarding driving at work : Enter whether an electronic driving record has been kept that applies to business driving in the income year. Here you answer yes or no. Operating cost exclusive leasing and deprecations : Enter operating costs in the income year. Leasing cost : Enter costs for leasing rent in the income year. Balance depreciation for private use (for car not leased) : 17% balance depreciation based on the car\'s list price at first registration is calculated based on entered information. Reversed car expenses for the private use of a work vehicle : Value is calculated automatically based on entered values. Accommodation and restaurant /periodandyear/help/taxation/personal/type-2/information/additional-info/accomodation page 2024-09-12T19:33:52+02:00 # Accommodation and restaurant Accommodation and restaurants should be completed and submitted with the tax return for businesses. The information is used by the Norwegian tax authorities for statistics, analyzes etc. Click the **Add accommodation/restaurant** icon in the upper right corner of the page to create a new location. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The location is created in a separate tab. You can change the name/description for the accommodation/restaurant. You can delete a location by clicking the **Delete accommodation/restaurant** button at the bottom of the page. The first tab shows an overview of created locations. The total inventory and income and withdrawal are summed up for all accommodations/restaurant. See[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/) [](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/) for more information. Taxis and cargo transport /periodandyear/help/taxation/personal/type-2/information/additional-info/taxi-cargo-transport-no page 2024-09-12T19:33:52+02:00 # Taxis and cargo transport Taxi and cargo transport-should be completed and submitted with the new tax return for businesses. Start by adding a permission number and industry on the overview page. Then click the **Add vehicle** icon in the upper right corner of the page to create a new vehicle. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The vehicle is created in a separate tab and linked to a specific permission number. You can change the name/description for the vehicle.

The registration page for taxi and cargo transport is dynamic in relation to what is registered. Fields are only displayed if they are relevant in the situation, depending on industry.

You can delete a vehicle by clicking the **Delete vehicle** button at the bottom of the page. The first tab shows an overview of created vehicles. The total income from driving are summed up for all vehicles. See [Tax return for taxi and freight transport.](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/drosje/) for more information. Taxis and cargo transport (impersonal) /periodandyear/help/taxation/personal/type-2/information/additional-info/taxi-cargo-transport page 2024-09-12T19:33:52+02:00 # Taxis and cargo transport (impersonal) Taxi and cargo transport-should be completed and submitted with the new tax return for businesses. Start by adding a permission number and industry on the overview page. Then click the **Add vehicle** icon in the upper right corner of the page to create a new vehicle. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The vehicle is created in a separate tab and linked to a specific permission number. You can change the name/description for the vehicle.

The registration page for taxi and cargo transport is dynamic in relation to what is registered. Fields are only displayed if they are relevant in the situation, depending on industry.

You can delete a vehicle by clicking the **Delete vehicle** button at the bottom of the page. The first tab shows an overview of created vehicles. The total income from driving are summed up for all vehicles. See [Tax return for taxi and freight transport.](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/drosje/) for more information. Forestry information and timber account /periodandyear/help/taxation/personal/type-2/information/additional-info/forestry-information-timber-account page 2024-09-12T19:33:52+02:00 # Forestry information and timber account This year\'s revenues and costs should be completed and submitted with the tax return for businesses. Click the **Add forest and timer account** icon in the upper right corner of the page to create a new account. Relevant registration fields will be displayed and registered values are automatically transferred to the Business specification. The account is created in a separate tab. You can delete an account by clicking the **Delete forest and timer account** button at the bottom of the page. The first tab shows an overview of created accounts. The total values are summed up for all accounts. [Skattemelding for deg som driver med skog](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/hjelp-til-skattemelding/skog/).or [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/) Financial statement /periodandyear/help/taxation/personal/type-2/financial-statement page 2024-09-12T19:33:52+02:00 # Financial statement **Financial statement** contains an overview of the income statement. When you click on a category in the financial statement or balance on the left side , a specification of the company's values based on reference account mappings are displayed on the right side. These fields can be overridden and it is also possible to expand to drill down on a specific account. Click on the link on the amount to open **Account analysis**. The following categories are listed: #### Income statement - Operation income - Operation expenses - Capital income - Capital expenses #### Balance - Assets - Debt and equity Approve the values in each category by clicking the change status icon in the **Done** column. 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**. Personal income /periodandyear/help/taxation/personal/type-2/personal-income page 2024-09-12T19:33:52+02:00 # Personal income ## Calculation of personal income Click on the details tab in the menu to see the basis calculation of personal income. The value in **Result proprietorship** is transferred from the corresponding field under the tab **Business Income**. The system retrieves **Interest on the enterprise\'s debt to financial institutions included in the basis for the risk-free return** automatically, based on the bookings 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 on **Show all** in the upper right corner of the screen, all fields regarding basis calculations will appear. If you scroll down on the page fields that are included in the calculation of the basis for risk-free return is displayed. At the top of the calculation, **fixed assets** are listed, these are transferred from **Tax-related depreciations**, under the tab **Information**. Further in the calculation, other items are shown as **Non-depreciable operating equipment**, **Other acquired intangible rights**, **Capitalised research and development expenses**, **goods**, **Trade debtors and trade creditors**. If you hover over the amount field, you will see a menu icon where you can choose **Override amount** and edit if needed. Calculation of debt deductions is done on the basis of booked values of debt accounts to financial institutions. If you hover over the amount field, you will see a menu icon where you can choose **Override amount** and edit if needed. If the business has only been running partly of the year, enter the number of months in the formula to calculate a proportionate share of the basis for risk free-return. **Risk free-return** and **This years estimated personal income** is calculated and displayed at the top of the page. In **Negative personal income transferred from last year** the relevant value should be entered. **Calculated personal income of the year** is calculated according to registered values. The items under the details tab correspond to subjects related to personal income for sole proprietorship in business information. Wealth /periodandyear/help/taxation/personal/type-2/wealth page 2024-09-12T19:33:52+02:00 # Wealth When you click on **Wealth**, the specification of the company\'s wealth is displayed. The values are retrieved from different areas in the system. This view displays a specification of the company\'s taxable wealth and deductible debt for transfer to the Tax Message. The specification contains balance items with accounting value. Each balance item in the specification detail row has a calculation type which for example shows the source of the value or if the value should be registered directly into the Tax message. This view displays a specification of the company\'s Taxable wealth and deductible debt for transfer to Tax Message. All listed values from **Taxable wealth and deductible debt** are transferred to relevant subjects in the Tax message. Checks /periodandyear/help/taxation/personal/type-2/checks section 2024-09-12T19:33:52+02:00 # Checks If an error situation occurs this will be visualized with an informative icon on the **Checks** menu and on the left side for the section with errors. Period & Year uses the validation service of The Norwegian Tax Administration to validate information to be submitted to Altinn in connection with the new tax return. Validation of information takes place continuously in Period & Year. To access the validation service, you must be logged in with your social security number via the ID port. The following icon can be displayed: ![](./img/16_Information.png) - used to inform you, for example if you are currently not logged in to Altinn. ![](./img/16_Warning.png) - Indicates tips that are of relevance to the data you submit. The Tax return can be submitted even if this icon is displayed. ![](./img/16_Error.png) - Indicates that there is invalid information. At least one of the check results prevents you from submitting your information. Business information /periodandyear/help/taxation/personal/type-2/checks/business-specification page 2024-09-12T19:33:52+02:00 # Business information When you click on **Business Information** on the left, any calculation deviations from the validation service to The Norwegian Tax Administration are displayed. Tax return /periodandyear/help/taxation/personal/type-2/checks/tax-return page 2024-09-12T19:33:52+02:00 # Tax return When you click on **Tax return** on the left side, a login button or received validation messages from Altinn will be displayed. Internal control /periodandyear/help/taxation/personal/type-2/checks/internal-control page 2024-09-12T19:33:52+02:00 # Internal control These are checks carried out by Period & Year. If you receive an error result during internal control, this will indicate that you will not be able to send information to The Norwegian Tax Administration for control. This must be corrected in order to have data checked against the The Norwegian Tax Administration. Reconciliation of equity /periodandyear/help/taxation/personal/type-2/checks/equity-reconciliation page 2024-09-12T19:33:52+02:00 # Reconciliation of equity When you click on**Reconciliation equity** on the left side, a reconciliation model of the company\'s equity is displayed on the right side. The model lists an **Estimated equity 31.12. according to specification**. It specifies the change in equity between 1.1 and 31.12. If you have accounting obligation type 1 (non-accountable taxpayers), information from the reconciliation of equity will not be submitted to The Norwegian Tax Administration. Reconciliation of fixed assets /periodandyear/help/taxation/personal/type-2/checks/reconciliation-fixed-assets page 2024-09-12T19:33:52+02:00 # Reconciliation of fixed assets When you click on **Reconciliation of fixed assets** on the left side, a reconciliation model of the company\'s fixed assets is displayed on the right side. The model lists a **Specification of estimated change of temporary differences**. This includes entries from the company\'s depreciations, accounting profit/loss, profit/loss not entered in the profit/loss account, profit/loss entered in the profit/loss account and the difference between accounting and taxable cost. Estimated change in temporary differences according to specification is reconciled with RF-1217 item 3, column III Change in temporary differences. Under **Depreciations**the model lists the following entries: - Accounting depreciations - Hereof depreciation on financial leasing - Impairment of fixed assets - Taxable depreciations - Taxable linear depreciations - Taxable depreciations power plant Under **Accounting profit/loss** the model lists the following entries: - Accounting profit on sales - Accounting loss on sales Under **Profit/losses not entered in the profit-/loss account** the model lists the following entries: - Sales amount directly entered as income in the year of realization, cf. The Tax Act § 14-44 - Profit on non-depreciable fixed assets - Profit on linear depreciable fixed assets - Loss on non-depreciable fixed assets - Loss on linear depreciable fixed assets Under **Profit/losses entered in the profit-/loss account** the model lists the following entries: - Profit on non-depreciable fixed assets - Profit on depreciable fixed assets - Negative balance goodwill - Loss on non-depreciable fixed assets - Loss on depreciable fixed assets Under **Difference between accounting - and taxable cost** the model lists the following entries: - Tax-free investment subsidy - Input VAT adjustment - Reduction for adjustment of input VAT on sale - Diff. between the booked amount and the fair value at the time of the merger/demerger - Diff. tax values ​​and booked/fair value on conversion to limited company - Deduction for tax-free profit on transfer of assets to companies in the same group. - Addition for diff. between tax entry value and remuneration transferred from companies in the same group. - Activated fixed assets to be expensed for tax purposes Reconciliation of equity (personal) /periodandyear/help/taxation/personal/type-2/checks/reconciliation-equity page 2024-09-12T19:33:52+02:00 # Reconciliation of equity (personal) When you click on**Reconciliation of equity** on the left side, a reconciliation model of the company\'s equity is displayed on the right side. The model lists an **Estimated equity 31.12. according to specification**. It specifies the change in equity between 1.1 and 31.12. If you have accounting obligation type 2 (accountable taxpayers), information from the reconciliation of equity will be submitted to The Norwegian Tax Administration. Salary and pension costs /periodandyear/help/taxation/personal/type-2/checks/salary-pension-costs page 2024-09-12T19:33:52+02:00 # Salary and pension costs Reconciliation of salary and pension costs was in the old tax return attached in tax form RF-1022. In the new tax return and business specification, this reconciliation has been removed. When you click on**Salary and pension costs** on the left side, a separate section for the reconciliation of salary and pension costs is displayed on the right side. The data calculated here and possibly also recorded will be shown on the Wage and pension costs report in **Reports - Other year-end documents**. The accounts included in the reconciliation are the same as previously presented in form RF-1022 Salary and pension costs. It is also possible to add separate lines in the various sections of the reconciliation. It is not possible to remove accounts directly from the list, but the accounts are included based on the reference account properties. Accounts that are mistakenly included in the reconciliation are then included due to the wrong reference account, and the reference account property of accounts shown on the screen can be changed directly from the screen. If accounts that should have been included in the reconciliation are not included, you must find the account accordingly and change the account\'s reference account property. Please see the [Tax Directorate\'s notices 4/2022](https://www.skatteetaten.no/rettskilder/type/skattedirektoratets-meldinger/revisors-plikter-i-forbindelse-med-signering-av-signaturpliktige-opplysninger-i-naringsspesifikasjon-og-skattemelding/) for more information.