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BUSINESS TAX UPDATEInland Revenue's tax news for businessesIssue No 80 February 2017 IR381REMINDERS 7 February: 2016 endear income tax, Working for Families Tax Credits and student loan payments were
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7 February end-of-year income refers to the total income earned and expenses incurred by an individual or organization from the period of February 7th of the previous year to February 7th of the current year.
Any individual or organization that has earned income or incurred expenses during the period of February 7th of the previous year to February 7th of the current year is required to file 7 February end-of-year income.
7 February end-of-year income can be filled out by compiling all income earned and expenses incurred during the specified period, and reporting this information accurately in the designated tax forms or financial statements.
The purpose of filing 7 February end-of-year income is to accurately report the financial activities and performance of an individual or organization for the specified period, for tax assessment or financial analysis purposes.
The information that must be reported on 7 February end-of-year income includes total income earned, expenses incurred, any deductions or credits claimed, and any other relevant financial details.
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