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What's NEW!


The following application changes have been made:

Individual Income Tax Return (IITR)

  • First stage of new SBR prefill.  A new button has been added to the top of the tax screen that will request the prefill information for your client. Once downloaded, you can view the data, and select which items to import.  For more information see here. The first stage of prefill covers the following items:
    • Taxpayer details
    • Individual non-business payment summaries
    • Employment Termination Payment details
    • Interest
    • Dividends
    • First Home Super Saver
    • ATO interest
    • Private Health Insurance details
  • Tax calculator updated with new tax rates for 2021 as introduced by 2020-21 Federal Budget.

  • Notional tax calculations update with new rates for 2021.

  • Corrected an issue in Q24 Other income - Other category 4 income which could cause an UNKNOWN EXCEPTION error in the validation window, where a description is present without an amount.

  • Prevented an XML04 error upon lodgement where amounts of NPP deductions from Partnerships were present without amounts of NPP Income.

  • Corrected an issue which caused validation error IITR.730429 to be present and unable to be cleared where amounts of NRAS offset were entered and then deleted from Q13 Trusts.

  • Corrected an issue which caused validation error IITR.730421 to be present and unable to be cleared where transferred amounts of Share of Franking Credits were 0.

  • Corrected cosmetic issues in Q20 - Foreign income general worksheets where labels would overlap other labels after changing income type.

  • Corrected the rounding of values in the CGT smart calculator which prevented users from competing the CGT schedule.

  • Corrected an issue in T10 Other refundable tax offsets which would cause the decimal point to move.

  • Prevented validation error INCDTLS.000384 from triggering incorrectly when amounts less than $1 have been entered into NPP Franked Distributions at Q13.

  • Corrected an issue in the Dividends worksheet where some amounts were rounded incorrectly until revisited.

  • Corrected an issue at Q13 which prevented the screen from refreshing and clearing values when the Delete Item button was used.

  • Prevented an issue which caused amounts entered into Foreign employment non-payment summary worksheets to be duplicated.

  • Added a custom validation rule to prevent an XML04 error where a Foreign annuity or pension description was present (generally from being rolled over) without an amount.

  • Other foreign income is now consolidated automatically where more than 10 entries exist, preventing an XML01 error on lodgement.

  • Prevented an UNKNOWN EXCEPTION error in the validation window when a Foreign Employment payment summary was present without the Country of Residence field being completed.

  • Added a custom validation error to prevent XML04 error upon lodgement where a Foreign Employment payment summary worksheet was present, the status was 'Changed residency during the year' and no residency periods were not completed.

  • Added a custom validation error to prevent an XML01 error upon lodgement where a Foreign Employment payment summary worksheet was present without the income type being completed.

  • Added a custom validation error to prevent an XML01 error upon lodgement where a PAYG payment summary worksheet was present with amounts of Exempt Foreign Employment Income, but with the country being completed.

  • Prevented an UNKNOWN EXCEPTION error in the validation window where CDEP tax withheld amounts are present in a PAYG payment summary worksheet.

  • Prevented an UNKNOWN EXCEPTION error in the validation window where amounts of Lump Sum B Tax Withheld with cents had been entered into a PAYG payment summary worksheet.

  • Corrected rounding issues in Q20 Foreign Source Income where worksheets contained amounts with cents being over 49. This could cause validation errors IITR.310076 and IITR.730097.

  • 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.

Company (CTR)

  • 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.

Trust (TRT)

  • Corrected an issue when printing Other Attachments which could cause the description to repeat across the page.
  • Corrected an issue when printing dividend worksheets which could cause the amounts to be out of alignment.

Partnership (PTR)

  • Corrected an issue when printing dividend worksheets which could cause the amounts to be out of alignment.

Self-Managed Super Fund (SMSFAR)

  • Corrected an issue when printing dividend worksheets which could cause the amounts to be out of alignment.

Superfund (FITR)

  • Corrected an issue when printing dividend worksheets which could cause the amounts to be out of alignment.

Shared Rental (BR)

  • 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.

 


Tax Manager and Elite Form Fixes

Description Reference 

Upon creation of an STP, Tax Manager selects the sort name instead of registered name. It has now been corrected to use the registered name.

KA-04294

The postal address of Tax Agent or Taxpayer is not being pushed to the 2020 Single Touch Payroll. This has been corrected.

TAX-306

Removed the BAS / IAS return types from the 2020 tax matter in Tax Manager. Only Activity Statements (AS) can now be created.

TAX-227

Removed the Direct Debit (DD) from Tax Manager.

TAX-456

Removed the '0 Return/s selected status' for the Lodgement Due Date from the Tax Data Extractor.

TAX-205

Stay Informed with Known Issues

Please refer to the knowledge base article KA-03783 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.  

 

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 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 Manager & Elite Forms AU