Updating a Member's Tax Profile in HUB

This guide will demonstrate the process of updating a member's Tax profile on the HUB platform. By following the steps outlined below, you will learn how to change a member's filing status and manage tax-related updates effectively.

Once logged in, ensure you are in the Hub V2. Go to the left section on the onboarding side.

You can quickly find the member you need to update by typing their name in the search bar. For this example, we will be updating Schneider's profile.

After locating the member, navigate to their tax profile to view the current filing status.

To update the filing status, click on the pencil icon. You can change the status to a new option, such as "Married Filing Jointly," if the current status is "Single."

After making the necessary changes, ensure you hit the save button. The new filing status will be taken into account when the member receives their QTE

If a member wishes to change their filing status after receiving their QTE, they will need to submit a recalculation request. Navigate to the taxes section and go to QTE to proceed.

Members who have submitted a recalc request will appear in the section where you can search for them. Click on their name to access their profile.

In the member's profile, navigate to the relevant section to refresh the calculation. Use the dropdown to select "Refresh Calc."

By following the steps outlined in this guide, you should now be able to successfully update a member's TAC profile in Collective.com. This includes changing the filing status and managing subsequent updates after receiving TTE or QTE. With these instructions and screenshots, you are equipped to handle these tasks efficiently.