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An issue has been reported in Reckon APS Tax 2018.0.0 whereby the following error message is triggered incorrectly in some company tax returns:

VR.ATO.LS.414023

Has a changeover time occurred in relation to the company ......

A company is required to indicate whether a changeover time occurred by selecting 'yes' or 'no'

The issue may occur when data has inadvertently been entered into the Tax Losses schedule, or the Tax Losses Schedule is not complete.

This issue has been fixed in Reckon APS Tax 2018.2.0.

In the interim, the workaround is to either complete the schedule or remove the inadvertent data.

Related Products: APS TAX AU, APS TAX NZ