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Reckon Elite

 

Reckon Elite Practice Management

Practice Management

Product Update | 1.20.11.0

The following application changes have been made within this version:

  • Corrected an issue which could cause duplication of Shared Rental worksheets when transferred into returns.
  • August ATO SBR specifications. In this update the ATO have corrected the following -
    • Validation warning IITR.630003 has been updated due to the decrease of parenting payment threshold to $20,543 for the income year.
    • Validation error INCDTLS.000308 - "ETP instances must not exceed 25" has been corrected to allow up to 25 instances now.  Previously any return with multiple ETP's were being incorrectly rejected during lodgement.
    • Validation error IITR.730092 has been corrected, affecting Foreign Rental losses. 
Reckon Elite Tax

Reckon Elite Individual Income Tax Return (IITR)

Product Update | 20.0.6.0

The following application changes have been made within this version:

  • Corrected the printing of the allowances worksheets when entered into the PAYG worksheets.
  • Corrected an issue in Tax Offset items T7 and T8, where the carried forward amounts of offset were not being included in the total tax offsets.
  • Corrected the deletion of values in Q13 Partnerships and Trusts, when the 'Delete worksheet' button was used.
  • Corrected the totals of Early stage investor offset when present in a Managed Fund distribution.
  • Corrected the deletion of values from Managed Funds worksheets when manually cleared out.
  • Prevented '0' from being entered as the number of account holders or the percentage of ownership in Managed Fund worksheets.
  • Corrected the rounding effects on odd values entered into CGT Discount in Managed Funds. This could cause validation error IITR.730456.
  • Corrected an issue which could cause an 'Error 7004' when rolling over some 2019 returns to 2020.
  • Corrected an issue which could cause validation error IITR.730155 when fringe benefits had been entered into a Foreign Employment PAYG worksheet.
  • Corrected the calculation at D4, when a motor vehicle with private use has been entered.
  • Prevented the cents from taxpayer's share amounts of dividends being truncated in the Refund of Franking Credits form.
  • Amounts of Tax Offset shown on Superannuation Income Stream payment summaries are now transferred to T2.  Payment summaries that do not show this amount still require additional information at T2. 
  • Added validation rules and on screen checks to cover mandatory fields in Q20 - Foreign Rent. This will require amounts greater than 0 at gross income if deductions are present. This will prevent validation error IITR.730092 in these scenarios.
  • Corrected the behaviour of balancing adjustments amounts in Q24 - Category 1.  This prevents validation error IITR.730255.
Reckon Elite Tax

Reckon Elite Company Tax Return (CTR)

Product Update | 20.0.4.0

The following application changes have been made within this version:

  • Corrected an issue in the Research and Development Tax Incentive Schedule which could cause an XBRL error during lodgement when group members were present in Part E.
Reckon Elite Tax

Reckon Elite Shared Rental (BR)

Product Update | 20.0.2.0

The following application changes have been made within this version:

  • Ensured that when a '0' has been entered for Income or Expense items, these are transferred to Individual returns correctly. This will prevent errors RNTLPRPTY.000105 and RNTLPRPTY.000106.