Total Legal Accounting 3
SECTION 220.127.116.11.6 - INVESTOR TYPES UTILITIES
USAGE: This program allows you to change General parameter that pertain to the Investor Types master-file.
DISCUSSION: When you start the INVESTOR TYPES UTILITIES program, the following screen will appear:
The fields available are:
RESIDENT WITHHOLDING % This field defines the percentage withholding tax applicable to all investor types that correspond to residents. The non-resident tax is entered against each applicable Investor Type.
POST RESIDENT WITHHOLDING TAX TO When entering a MORTGAGE TRANSFER (see SECTION 2.3.1) any withholding applicable to residents, is posted to a special Trust File. Enter the Client/Trust account number here.
POST NON-RESIDENT WITHHOLDING TAX TO When entering a MORTGAGE TRANSFER (see SECTION 2.3.1) any withholding applicable to non-residents, is posted to a special Trust File. Enter the Client/Trust account number here.
At each point when answering the above questions, you can press <ESC> and the program will reset and return you to the INVESTOR TYPES MENU.
When you have finished entering your changes, press <F10> and T.L.A. will save your changes after checking for any inconsistencies and confirming your request. Your changes will be saved to disk, over-writing any previously stored information.