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This release is full of new product enhancements, which are listed below in the What's New section. We are excited about improvements we've made to TDS matching and the Ledger page enhancements. Find out more about these below and in the detailed release notes.

Prerequisites

Your practice needs to have, as a minimum, the April 2019 (2019.04) release installed, this is a prerequisite for this update.

What's New?


Included in this release:

  • TDS matching with ledger transactions
    • We have added the functionality around matching ledger transactions received via TDS from the IRD.
    • Match unmatched provisional instalment amounts with variances created for the difference.
    • Provisional instalments match variances can be placed with the 'net tax' rather than with the instalment being matched

  • Ledger page enhancements
    • Menu bar changes 
      • RIT amount is shown
      • Synch TDS button
    • Improved transaction ordering
    • Toggle to display discarded transactions that are also duplicates.

  • New return details for 2020
    • New income types
      • Residential Rental income with included Deductions detail
      • Property sale profit/loss
    • R & D Tax Incentive Credit
    • Provision to carry forward unclaimed residential rental deductions and R&D tax credits

  • 2021 provisional tax threshold change
    • $5,000 threshold amendment on 2019 or 2020 RIT used to calculate 2021 provisional tax instalments

Find out more about these new features & Fixes in the 2020.04 release notes 

Stay Informed with Known Issues

Please refer to the knowledge base article KA-03774 for any known issues related to this release. We recommend reviewing this article on a regular basis to ensure you’re aware of any issues and their solutions.

For more information like IRD status and previous Release Notes, refer to our NZ Tax Product Page

Ready to download the software?

Click the download button below to check the prerequisites for this release and to download the software.  Please note you have to be signed in to MyAPS and have the appropriate rights to access the download page. if you having any difficulty access this page, please let us know how we can help. 


Related Products: APS TAX NZ