https://help.myob.com/wiki/x/7IHMAw
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From 2020 onwards, you can roll over a simple individual tax return (without a ledger attached) in MYOB Practice. Just make sure the previous year tax return has a tax contact and tax agent present in the Return properties.
- You'll see an Assets tab when the individual tax return opens in MYOB Practice. You can import depreciation assets into Assets online but the data from Assets won't integrate into the return.
Entering data into a tax return
When moving a tax return from AE/AO into MYOB Practice, we roll over a number of fields to reduce your data entry time.
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- Use the navigation options on the right of the Tax return page to jump straight to the section you want to enter data into some fields.
- If a label is greyed out, it means that you need to use a schedule or a workpaper to enter data into that label. To make it easier you can select the Related schedule/workpapers (
) link located next to the tax return item. This will open the schedule or workpaper you need in order to complete the label. - use the ATO lodgable schedules to enter values in a label. These schedules are lodged with the tax return.
- use Tax workpapers to enter values in a label. These are specific to each tax return type are not lodged with the tax return.
- In the panel on the right of the page, in the Add schedule or workpaper drop-down, type the name of the schedule you want, or select the schedule or workpaper from the list.
- Enter the details in the labels you want to complete.
Learn more about
- Pre-fill data from ATO (individual tax returns only) - AU
- Sharing spouse information between tax returns - AU
- Rolling over assets from a tax return (individual tax returns only) - AU
- Item IT5 - Net financial investment loss - AU
- Item IT6 - Net rental property income or loss - AU
- Creating an amendment - Individual returns - AU
Completing the tax return
Once you've entered the data in the tax return, follow the workflow to validate, review, complete, and lodge the tax return.
- Validate, review and approve a tax return - AU
- Printing an estimate and tax return, including workpapers and schedules - AU
- Sending a tax return for client review - AU
- Lodging a tax return - AU
- Validation errors in Practice Tax - AU
Validation
Individual returns now have an MYOB in-house validation check. This saves time as this process is much quicker than the ATO's validation and can be performed even if the ATO systems are busy or down.
Deleting a tax return
After you delete a tax return in MYOB Practice, you can access the return in MYOB AE/AO.
Need help?
Do not change the phone number as it is a special EAP number
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Preparing tax returns - AU
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Individual tax return - AU
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Pre-fill data from ATO (individual tax returns only) - AU
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Sharing spouse information between tax returns - AU
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Rolling over assets from a tax return (individual tax returns only) - AU
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Item IT5 - Net financial investment loss - AU
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Item IT6 - Net rental property income or loss - AU
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Creating an amendment - Individual returns - AU
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Pre-fill data from ATO (individual tax returns only) - AU
- Company tax returns - AU
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Partnership and Trust tax returns - AU
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Tax workpapers and schedules - AU
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Deductions and motor vehicle expenses - AU
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Income details schedule - AU
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Rental property schedule and sharing between tax returns - AU
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PAYG Instalments & Study and Training Loan Repayment estimates - AU
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Business workpaper - Non Primary Production - AU
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Business workpaper - Primary Production - AU
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Reconciliation Statement - AU
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Small business income tax offset - SBITO - AU
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Deductions and motor vehicle expenses - AU
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Individual tax return - AU
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