NZ tax

20 December 

• Use of money interest (UOMI) calculation for terminal tax notices
  In addition to terminal tax notices including UOMI from Inland Revenue (IR) when a tax return is assessed, an extra calculated amount is now included by default. This amount covers the interest from the date IR has calculated interest up to the terminal tax payment due date.
  You can override or exclude the UOMI amount. You can also select another date to use for the extra interest amount or exclude the extra interest amount.

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  The UOMI calculation applies to all tax years. If you need to change terminal tax notices before the 2022 tax year, which have passed their due date, check and correct the calculation if necessary.

  Learn more.

• Use of money interest (UOMI) rates updated
  We've updated the UOMI calculation in tax returns and tax notices to use Inland Revenue's (IR) latest interest rates. To learn more about the rates and the date that they come into effect, see the IR website.

Contacts

1 December

• Group your clients and contacts
  If you only use MYOB Practice, you can now group:
  
  • individuals
  • companies
  • trusts
  • other organisations.
  When you've created a group, you can search for members using their group name and navigate between them more easily. Each client and contact can belong to multiple groups. Learn more about groups.
  If you use MYOB AE/AO, you’ll be able to see your family groups from the desktop software in MYOB Practice through contact sync.

General

11 November

• Less disruption and waiting, more productivity and efficiency! 

  MYOB Practice got a speed boost. We think you’ll notice improvements in a few different places, including tax rollover and upgrades completing within 10 to 20 seconds, and some key pages loading faster. Load times are halved in some cases, helping you stay in the flow while you work.

Partner Hub

25 October

• Added referrals and active files to Overview page
  As part of our updates to the Partner Program, you can now earn points through referrals and active client files. The points you earn from referrals and active files are now visible in the Overview page of the Partner Hub. We've also improved the Activities summary area on the Overview page so that it's clearer to see the activities that earn you points and a summary of your practice's progress.

Contacts

25 October

• Add and view salutations for your clients and contacts
  If you only use MYOB Practice, you can now add salutations for your clients. Go to Contacts > Contact list and select a client by clicking anywhere in the client row to view their details on the same page. On the right side, you can edit the client and add their preferred name or title in the Salutation field.
  If you use MYOB AE/AO, you’ll now see the salutation when you look at a client in your Contact list and in Client details.

NZ tax

24 October

• Tax returns can be made Ready to file in bulk
  You can change the status of multiple tax returns at the same time from Pending signature to Ready to file.
  Filing in bulk was previously mostly useful if you used portal in MYOB Practice to automatically move returns to a Ready to file status. This change makes it easier to file tax returns in bulk if you’re not a portal user.
  Learn more.

17 October

• Calculate the use of money interest (UOMI) amount
  IR3, IR3NR, IR4 and IR6 only, 2022 tax year onwards
  Tax returns now include a UOMI calculator that you can use to work out the amount for you. You can change the calculation parameters to change how the UOMI amount is calculated, or completely override the calculation to enter your own manually calculated UOMI amount.
  If you previously entered a manually calculated UOMI amount, you can still view it for your reference. But if you want to include the UOMI amount in the tax statement, you need to use the new UOMI calculator fields.
  Learn more.

4 October

• Resolved issue with Compliance settings data failing to save
  We've changed the requirements for compliance settings so that you only need to enter the current year. Learn more.

NZ tax

21 September

• The Tax notices page spotlights the most urgent tax notices
  The All clients view of the Tax notices page will be filtered to show the tax notices that are due next. This helps you see the most relevant upcoming tax notices straight away.
  At the start of each month, the From date will be set to the 1st of the current month, and the To date will be set to the 15th of the next month (or the next closest working weekday). For example, on the 1/10/22 the tax notices are filtered to show those due between 1/10/22 to 15/11/22. Learn more.

15 September

• Add comments in the Data reconciliation All clients view
  You can add comments to an entry in the All clients view of the Data reconciliation page. This can help you keep track of Data reconciliation work at a higher level than the individual transaction level. You could previously only add comments to transactions when you opened the Data reconciliation entry. 
  Learn more.

7 September

• Delete MYOB assessment transactions with a $0.00 value in Data reconciliation

  If you don't receive an IR tax return assessment because it has a $0.00 value, you previously couldn't delete the related MYOB assessment transaction in Data reconciliation, although you could delete all other transaction types with a $0.00 value. Now you can delete MYOB assessment transactions with a $0.00 value so you don't end up with unreconciled transactions that are no longer needed. Learn more.

NZ tax

18 August

• Add comments in Data reconciliation entries
  You can add comments to transactions when you open a client’s Data reconciliation entry. Learn more.

12 August

• Improved tax notice updates when settings change 
  If you change the GST taxable period, Balance month or Extension in your client's Compliance settings, we’ll automatically recreate future-dated tax notices to use the new due dates. You previously had to use a workaround to update the dates.
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  Sent or Paid tax notices in the same tax year will become read only and you’ll only be able to change their status from Sent to Paid.

  Learn more.

8 August

• Download a convenient tax calculator
  You can download a spreadsheet to help you easily calculate your client's tax. Learn more.

NZ tax

29 July

• Creating new tax returns rolls over data
  Creating tax returns in MYOB Practice rolls over details from the previous year's tax return, if you already have a return in MYOB Practice.

  Learn more about what data is rolled over and not rolled over, and your different options for creating a return.

22 July

• Tax notices are automatically created 

  MYOB Practice will automatically create tax notices for all your clients 3 months before they're due. You don’t need to do anything to create the notices. But if you prefer, you can also create an individual client's tax notices for the entire tax year. Learn more.

  Soon we’ll also be improving updates to tax notices when settings change. If your client has a change of balance month, GST taxable period, or extension, the future tax notices will be automatically updated to the new due dates. We’ll let you know when this features is available. 

Portal

21 July

• Save time when managing your tasks

  We’ve redesigned tasks so that you can select up to 100 tasks to complete and reopen in one action. You can also now sort tasks by client and due date so that you quickly find the most relevant tasks. Learn more about tasks.

20 July

• Improved task reminders
  We’ve improved the interface for Tasks so that it’s clearer that you’re sending your clients a reminder, not a new task. Your clients will also be sent improved email reminders that clearly show they’re task reminders, not new tasks. Learn more about sending a task reminder.

NZ tax

14 July

• More data included in Data reconciliation exports 

  Extension of Time data is now included when you export Data reconciliation transactions to a spreadsheet. Learn more.

6 July

• MYOB Practice checks your data’s accuracy
  When you’re working in MYOB Practice, you can have a high level of confidence that your client’s tax data is correct. Background processes in MYOB Practice ensure that the data’s aligned with the data that comes from IR. If something does go wrong, we’ve improved the error messaging for the TDS data feeds and IR data refresh to help you understand the issue.

  Learn more about receiving your client’s IR data.

NZ tax

21 June

• Use a 50/50 split for provisional tax instalments
  You can now select whether a client is eligible to pay provisional tax in two equal instalments instead of the usual three instalments. This will calculate provisional tax using a 50/50 split and will be reflected in the tax return and tax statement. If you select this option, it will only be reflected in existing tax notices, returns and statements if they are in progress and aren't locked.
  This option is only valid to use for one year for eligible clients. In the client's subsequent tax years, we’ll automatically change the two instalments to three instalments.
  Previously, you had to use a voluntary adjustment to allow a 50/50 split.
  Learn more, or set it up now in the year-based Compliance settings section of Client settings.

8 June

• Filing tax returns is faster and more convenient
  You can file tax returns in bulk! Select all the returns you want to file from the Compliance list and click File to send them all to IR.
  Learn more. 

• Export Data reconciliation transactions to Excel
  You can export MYOB and IR transaction data from Data reconciliation to an XLSX spreadsheet file. This can be a handy way to review the data, and to make and share notes and comments. You can filter that data before exporting.

  Learn more.

Partner Hub

1 June

• Share your practice's Partner Program tier 
  In the Partner Hub, you can now download your status logo with your practice's Partner Program tier. Add the logos to your website, email signature or social media to showcase your tier. Learn more.

Partner Hub

26 May

• View the status credits you've earned from events
  If your practice has earned status credits from attending an event, you can now see this under Program Activities. To see more detail and check who has registered for an event, click View Team Progress History and select the Events tab. Learn more about viewing team activities.

NZ tax

25 May

• Display the Data reconciliation entry you’re looking for faster
  When you open a Data reconciliation entry, the entry that opens will now be for the most logical period based on where you open the entry from. Previously, when you opened a Data reconciliation entry, it would always open the latest period for the client and you’d often have to navigate to another period.
  Learn more.

19 May

• Quickly and easily see which Data reconcliation entries have alerts
  The Data reconciliation list is sorted to display entries with alerts at the top of the list by default.

Partner Hub

16 May

• MYOB can provide you with targeted support more easiliy
  Your Client ID is displayed in the menu when you click the Your Profile button (your initials on the bottom left of the page) in the left menu bar. MYOB support may ask you for your client ID when you contact them for help.
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NZ tax

10 May

• Control how attribution of income/loss is distributed
  In an IR7 partnership or look-through company return, you can edit the automatically calculated income/loss attribution values. Editing the value lets you specify the amount to be allocated, which is useful if the distribution isn't percentage based. Learn more.

Portal

9 May

• Improvements for Client Portal
  Your clients can now upload multiple documents in one process. When clients do this, you'll receive one email notification for all the documents they've added in one upload.

Partner Hub

5 May

• Program Activities added to Overview page
  On the Overview page, you can now view a summary of your team’s activities and the amount of status credits they've earned. To see more detail of your team’s progress, click View Team Progress History to view their progress on certifications and the status credits they’ve earned during promotions. Learn more.

NZ tax

28 April

• Refresh data for all tax types
  Individuals only
  The Refresh IRD INC data button in Data reconciliation is now the Refresh IR data button. You can use it to refresh data for all four tax types (Income tax, Tax credits, Student loan and Working for families). The previous button only refreshed data for income transactions.
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  Learn more.

27 April

• Better visibility on the period in which a Data reconciliation transaction took place
  When viewing the Data reconciliation page in All clients view, each period is now displayed as its own row in the list of entries. Previously, each client’s entry displayed as one combined range of periods.
  You can use new Period from and Period to drop-down lists to filter the entries by a period range or by a single period, to help you find the entry you’re looking for.
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  You can also click a column header to sort the list of entries. For example, if you want to see all the entries with alerts at the top of the list, click the Alerts column header. If there are multiple entries for one client, these rows will always be displayed next to each other, to make it easier to see which entries belong to each client.
  Learn more about Data reconciliation.

22 April

• Easily create the right schedule or workpaper
  If a section of the Compliance list > Tax return page has a related schedule or workpaper, you can click a link to add the schedule or workpaper directly from that section of the tax return.
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19 April

• Display local date and time
  Timestamps will be based on your system's local date and time, and will use a consistent format. You'll notice these changes in timestamps throughout your compliance work. For example, in the timestamps of filed returns.

13 April

• Find unreconciled transactions from different periods more easily
  When you open a Data reconciliation entry with unreconciled transactions, an alert at the top of the page displays the number of unreconciled transactions in each period, for each tax type.
  Click the expand (Image Added) icon to display the full alert.
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• More flexibility in how to view IR statement transactions
  In the IR statements section of a Data reconciliation entry, you can select a Group by transaction type checkbox to sort the statement rows into collapsible groups.
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  Learn more about Data reconciliation.

5 April

• Automatic Overseas income schedule calculation
  IR3 and IR4 only
  The Overseas income schedule automatically calculates the claimable New Zealand tax credit portion of overseas tax payments. You may need to override the calculation in some circumstances. Learn more.

Documents

5 April

• Client’s profile automatically added to documents
  When you receive documents in MYOB Practice from your clients through the Client Portal, the documents will now automatically have the client’s profile added to them. We’ll only add a client’s profile to documents when there is one client in the Client Portal.
  Learn more about profiling documents.

NZ tax

1 April

• Tax compliance for 2022 is here!
  You've got all the latest updates you need for the new tax year, including:
  
  • rolling over tax return and compliance settings data from the previous year
  • rate changes
  • residential rental properties
  • trust returns
  • business continuity test
  • government subsidy
  • Working for families
  • IRD number validation and errors
  • 2022 tax statement usability and readability
  • other tax return changes and resolved issues.
  Learn more about all the details.

Documents

25 March

• Fix for profiled documents
  Previously, you may have had some issues with loading the Documents page when you’d added more than three profiles to a document. We’ve fixed this by reducing the amount of profiles you can see when you hover over the Clients column. Now, you will see up to three clients and if you’ve added more than three clients, it will show as Client, Client, Client, … more+
  You can still view and edit all the profiles added to a document when you’re looking at the document’s details. The Client search also still works for finding clients that are profiled to a document. Learn more about profiling documents.

NZ tax

23 March

• Improved basis information for tax notices
  More useful information is used and displayed in the Basis year field in provisional tax notices, and in the Basis column in the tax notice list view for provisional and terminal notices:

  • The basis value will include the specific status of the tax return that's used as the basis for the tax notice. That status will be Not Started, Draft, Approved, Filed or Assessed. 

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    Draft could be In progress, In review or Ready for client. Approved could be Pending client signature, Ready to file or Rejected.

    • The Basis year value inside provisional notices will be displayed in a year-status format. For example, 2020 (Not Started).

    • For provisional tax notices, the Basis column in the tax notices list view will be displayed in a year-method-status format. For example, 2020 standard (Not Started).

    • For terminal tax notices:

      • The Basis column in the tax notices list view will be displayed in a year-type-status format. For example, 2020 terminal (Not Started).

      • The Notice type column won’t display the year, only the type Terminal.

    • The status will also be displayed if you export the tax notices to a spreadsheet using the Export (XLSX) option.

  • If there’s no assessed, filed or approved tax return for last year or the year before last, we’ll use the year before last’s return as the basis year, which will have a Not Started or Draft status. Previously, the last year was used in this scenario. For example, following this change in 2022, if there was no approved return in 2020 and 2021, the basis year will default to 2020 instead of 2021.

  Learn more about tax notices.
  Learn more about exporting tax notices to a spreadsheet.

10 March

• Use tax return data in terminal tax notices without having to file the return

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  These changes apply to unlocked terminal tax notices (notices with a status of In progress, Not started or In review.) If you want to apply these changes to locked terminal tax notices, you need to unlock them first. You may need to check the amounts of your unlocked notices if you previously entered amounts.

  Previously, terminal tax notices were populated with tax return data such as RIT, taxable income and the notice amount when the tax return had a status of Filed.
  Now, terminal tax notices are first populated with return data when you click Send to client on the return to change the return status to Pending client signature. Tax notices are populated with return data again when you click File with IR on the return to change the return status to Filed.
  This makes it easier to get terminal tax notices with data from returns to your clients sooner, and means terminal tax notice data population works the same way as it does for provisional tax notices.

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  Other ways that terminal tax notices get populated are by reconciled assessments received from IR, or from amounts that you manually enter into the notice.

  Learn more about terminal tax notices.
  Learn more about tax notice and tax return statuses.

7 March

• Improved 2020 and 2021 tax statement usability and readability

  • Bolded the labels of the totals.

  • Increased the font size of the amounts and labels.

  • Increased the margin sizes.

  • Decreased the size of the section headings to make the amounts and labels more prominent.

  • Alphabetised the schedule order.

    We’ve also alphabetised the order of workpapers and schedules that you add to a return in MYOB Practice on the panel next to the return.

1 March

• Terminal tax notices automatically populate Working for families value
  Individuals only

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  These changes apply to unlocked terminal tax notices (notices with a status of In progress, Not started or In review.) If you want to apply these changes to locked terminal tax notices, you need to unlock them first. You may need to check the amounts of your unlocked notices if you previously entered amounts.

  
  We’ve added three fields to the Terminal tax notices page to capture the breakdown of Working for families refunds received from, or owed to, IR.
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  These fields automatically populate their amounts, and the amounts will be reflected in the Terminal tax - FAM field in the Tax notice summary section of the page.

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  You no longer need to use a FAM voluntary adjustment to display the correct amount on the tax notice PDF when Working for families is overpaid.

  
  Now that we’ve added these and other fields to the Payable amount section over the last few months, we’ve also added subheadings so it’s easier to see what tax types the amounts fall into.
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  Learn more about the Working for families fields and other fields in the Payable amount section.
  Learn more about tax notice and tax return statuses.

Partner Hub

18 February

• You can now update your team size so that your practice earns the right amount of status credits. Learn more.

NZ tax

15 February

• Add comments to tax notices to make note of key points and to share your thoughts with your colleagues
  You can add comments to tax notices to track and share information about a tax notice with other users in your practice. The comments are included if you export the Tax notices data to a spreadsheet. Learn more.
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Partner Hub

15 February

•  In the Partner Hub Overview, we've added a progress bar for status credits so that you can now see how many status credits you've got.

NZ tax

19 January

• Partner Email in tax notice messages

  We’ve added a new Partner Email field variable that you can insert into the email or Portal task text that’s used when you send tax notices to your clients. This field variable displays the email address of the partner in your practice who is associated with the client receiving the message. The email address that is used is the same email address that the partner uses to log in to my.myob.

  Insert the new field variable in MYOB Practice from the Insert Field drop-down in Settings > Compliance > Cover email text.

  Learn more.
  

• Assessment filter on the Tax notices page
  We've added an Assessment drop-down to the More filters options in the Tax notices filter bar. This filter lets you display tax notices that have income tax, Working for families or student loan assessment amounts. The filter checks for a value in residual income tax (INC), student loan repayment obligation (SLS) or Working for Families tax credit (FAM).
  The assessment data is also included when you export the tax notices to a spreadsheet, depending on your Assessment drop-down selection. 
  Learn more about filtering.

13 January

• Salutation in tax notice messages
  We’ve added a new Salutation field variable that you can insert into the email or Portal task text that’s used when you send tax notices to your clients. This field variable displays a shorter version of the recipient’s name, for a more appropriate way of beginning a tax notice message. For example, Dear John instead of Dear John James Smith.
  The Salutation value comes from your MYOB AE/AO desktop software. The value would have been set when you created the client. You can edit the value from the Client - [Name] > Main tab.
  Insert the new field variable in MYOB Practice from the Insert Field drop-down in Settings > Compliance > Cover email text.
  Learn more.

NZ tax

21 December

• Terminal tax notices automatically populate more values

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  These changes apply to unlocked terminal tax notices (notices with a status of In progress, Not started or In review.) If you want to apply these changes to locked terminal tax notices, you need to unlock them first. You may need to check the amounts of your unlocked notices if you previously entered amounts. There is an important voluntary adjustment workaround for an overpaid Working for families amount.

  The Student loan repayment obligation field, Working for Families tax credit field and the fields in the Terminal tax basis section of the Tax notices page automatically populate their values from Data reconciliation or tax returns. Learn more about the Terminal tax basis and Payable amount sections.
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NZ tax

30 November

• Student loan terminal tax field improvements

  Individual entities only

  We’ve added to and renamed the student loan fields in the terminal Tax notices page to make them more useful and informative.
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  • Student loan repayment obligation—We’ve renamed this field from Student loan repayment. This field is editable and you’ll need to manually enter the value. We’re working on making this field automatically calculate its value in a future update.

  • SLS payments, transfers and other—This new field displays reconciled IR student loan transactions from the Data reconciliation page.

  • SLS expected payments, transfers and other—This new field displays unreconciled MYOB student loan transactions from the Data reconciliation page.

  • Student loan owing—We’ve renamed this field from Student loan repayment amount. This field displays the amount owing to IR.

  If you’ve been using voluntary adjustments for recalculated student loan amounts, you’ll no longer need to use this workaround. These student loan field updates will automatically display the recalculated amounts.

  We’re continuing to work on bringing even more student loan improvements.

  Learn more about terminal tax.

8 November

• More tax notice email customisation options
  • If your MYOB Practice Administrator's added a footer or logo in the MYOB Practice Email notifications settings, the logo will be included when you send a tax notice.
  • If you edit the default tax notice email or Portal task text, it's easier to apply formatting. Choose from the Cover email text field options, or click the source code icon (Image Added) to use HTML elements.
    There are also more Insert Field variable options.
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    Learn more.

4 November

• Some MYOB transactions are automatically created

  Some MYOB transactions will be automatically created in Data reconciliation when you file a tax return after 4 November 2021:

  • When you file an IR3 or IR3NR with an attached Student loan (SLS) or Working for families (WFF) schedule, transactions created will include tax return assessments and transfers in.

  • When you file an IR526 for Tax credits (REB), the transactions created will include tax return assessments, refunds and transfers out.

  Learn more.

Portal

1 November

• Role to manage task templates
  MYOB Practice administrators can assign users to a role that allows them to manage task templates. Learn more about creating task templates and assigning roles.

Documents

29 October

• Document tile in Compliance
  Access and upload documents for a particular year within the compliance. Learn more.

NZ tax

27 October

• Performance improvements on locked forms
  We've improved the time it takes to open locked forms when you're filing a return.

22 October

• Details about transfers from other returns (Transfers received schedule)
  You can create a Transfers received schedule that shows what a tax return’s Transfer from other returns value consists of. The schedule displays the tax type, client names and IRD numbers associated with incoming refund transfers. Previously on tax returns, you could only see the outgoing details of transfer recipients.

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  The IRD number, tax type and amount will also continue to be visible in the tax statement. Note that Account type has been renamed to Tax type in the tax statement.

  Learn more.

• Edit the default tax notice email or Portal task text
  MYOB Practice Administrators can edit the default email and Portal task text that’s used each time you send a tax notice. Edit the text in the Cover email text field in your MYOB Practice settings.

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  • • You can insert field variables to automatically populate specific sections of the email with relevant text, like the client name.

    • You can use HTML elements to apply formatting to the email text. For example, you can enter a sentence between <p> and </p> to create a paragraph, or place a word between <b> and </b> to bold that word. Learn more about HTML text.

    • There’s also an option to send yourself a sample email to preview what the output will look like.

  Learn more about setting the default text.

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  Changes you make to the Cover email text apply to all tax notice emails and Portal tasks sent to your practice’s clients. But if you're sending an individual tax notice rather than multiple tax notices in bulk, you’ll be given an opportunity to make once-off edits to the default text before sending the tax notice. We’ll be adding more field variable options soon. We're also looking into making additional enhancements to email editing options over this quarter. (Now available from 8 November!)

Portal

26 October

• Save time with task templates
  You can save time by creating and using a task template when sending general tasks to your clients. Learn more.

NZ tax

7 October

• Easier access to help for compliance
  We've added a handy link in Data reconciliation, Tax return under Compliance list to access all help topics and updates.
  Click Help and support Image Added to access the page in the product or check out the page.
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NZ tax

30 September

• Tax return PDF improvements
  You can now choose to preview a tax return PDF in a new browser tab or download it directly. You could previously only download it. You can also choose to add a DRAFT watermark to the PDF.
  As part of these changes, the Download button has changed to Preview (PDF) in the Compliance list > Tax return page, and the options are presented in a Preview documents window. Learn more.
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• Easily sync, validate or preview a tax return from any section
  When you scroll through a tax return, the Sync tax return data, Validate and Preview (PDF) buttons will remain visible.
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28 September

• Delete transfers and refunds in Data reconciliation
  You can now delete transfers and refunds created when you file a tax return. Learn more.

21 September

• Validation error improvements
  In tax returns, you can now click See a list of common errors (Image Added) to access the validation error help page.
  Learn more about validating a tax return.

20 September

• Data reconciliation, MYOB transactions, and Working for families and Student loan schedules
  We've got a lot of big and exciting features for you in this update! Read on to learn about improvements to Data reconciliation, MYOB transactions, and Working for families and Student loan schedules.
  Some of these updates will impact how you work. We'd like to reassure you we're making these changes based on your feedback to improve our software and your experience in the long term.

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  IR3 only Working for families tax credits calculations just got easier! Amounts are automatically calculated based on the data that you enter into the schedule. You previously had to manually calculate and enter the amounts. UI Text Box type warning You can no longer manually enter or edit the tax credit entitlement amounts, but any previously entered amounts will remain in the schedule. If you want to use automatic calculations, delete the schedule, then add the schedule again and enter the dependant's details. Learn more.

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  title Working for families schedule field is now prepopulated
  The Working for families tax credits paid by Inland Revenue field is automatically populated with data synchronised from Data reconciliation transactions. You previously had to complete this field by manually entering the data. Learn more. UI Text Box type warning If you already have manually entered data... ...in the Working for families tax credits paid by Inland Revenue field of an existing schedule, this data won’t be overwritten with data from Data reconciliation transactions. If you want the field to use data synchronised from Data reconciliation transactions, delete the schedule, then add the schedule again and complete any manually editable fields. The automatically calculated fields will already be populated. If you have in-progress tax notices... ...where you've added any voluntary adjustments, check the amounts in these tax notices. The voluntary amounts may already be taken into account by the fields automatically synchronised from Data reconciliation. If this is the case, you'll have a duplicated amount from the manual and automatic adjustment. To fix tax notices with duplicated amounts, remove the voluntary adjustments in the tax notice.

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  title Student loan schedule fields are now prepopulated and included in tax statements
  IR3 and IR3NR 2021 onwards The Total repayments made to IR and 20xx Total interim repayments made to IR fields are automatically populated with data synchronised from Data reconciliation transactions. You can't manually edit these fields. 20xx Total interim repayments made to IR is a new field, and you previously had to complete Total repayments made to IR by manually entering the data. The data from these fields is displayed in the tax statement in the Payment summary section in two new fields: 20xx Student loan interim and 20xx Student loan paid. Image Added If you have any approved tax notices with a status of Ready for client and you want to use the automatically populated data, you need to click Send for rework at the top of the tax notice to change the status back to In progress. UI Text Box type warning If you already have manually entered data... ...in the Total repayments made to IR field of an existing schedule, this data won’t be overwritten with data from Data reconciliation transactions. If you want the field to use data synchronised from Data reconciliation transactions, delete the schedule, then add the schedule again and complete any manually editable fields. The automatically calculated fields will already be populated. If you have in-progress tax notices... ...where you've added any voluntary adjustments, check the amounts in these tax notices. The voluntary amounts may already be taken into account by the fields automatically synchronised from Data reconciliation. If this is the case, you'll have a duplicated amount from the manual and automatic adjustment. To fix tax notices with duplicated amounts, remove the voluntary adjustments in the tax notice.

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  title Data reconciliation tax types and period summary
  UI Text Box type note As part of the rollout of this feature, you may notice some unreconciled IR transactions from the last couple of days. If this happens, you can simply reconcile the transactions. We've automatically reconciled all transactions for the last 2 years for the SLS, WFF and REB tax types. View more tax types in Data reconciliation When viewing the Data reconciliation page in the client-centric view, you can select the Tax Type to display data related to that particular tax type. For individual entities, the Tax Type options are Income tax, Tax credits, Working for families or Student loan. Image Added For other entities, the Tax Type option is Income tax. Previously, you could only display income tax (INC) transactions for all entity types. The Tax Type options for individual entities give you more information for evaluating your clients' liability, giving you a complete picture of what a client’s tax position is for each tax type. These details will be included when preparing tax notices and tax returns, reducing the need for manual MYOB transactions or voluntary adjustments. We’ve also renamed the Refresh IR data button to Refresh IRD INC data because it can only refresh income tax data, regardless of which Tax Type you selected. Image Added New Period summary section in Data reconciliation When viewing the Data reconciliation page in the client-centric view, you now have a quick way to check the balance owing and assessment value for the selected period. You can view this information in the IR balance owing and Total IR assessment value fields under Period summary. Image Added IR balance owing—The balance value from the IR data feed for the tax type and period. Total IR assessment value—The total assessment value from the IR statements section of the page, for the tax type and period. The Period summary section is available for all tax types. Learn more about Data reconciliation.

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  title Capture MYOB transactions for provisional tax notices
  We’ve made it easier to track MYOB transactions for expected future payments. There are a couple of new fields on the provisional Tax notices page to help with this, and a change to an existing field. Image Added Payments & transfers—This existing field now only displays reconciled IR transactions from Data reconciliation. Expected payments & transfers—This new field displays unreconciled MYOB transactions from Data reconciliation and transfers that aren’t covered by IR transactions. Tax pooling payments—This new field displays the tax pooling payment amount that was previously displayed alongside the Payments & transfers amount. The calculation hasn’t changed, but it’s easier to work with the amount in its own field. UI Text Box type warning This changes how tax notice calculations work. It's important that you check that amounts in any in-progress tax notices are correct before sending the notice for approval. Learn more. Learn more about provisional tax, the Tax notices workflow and the Data reconciliation workflow.

16 September

• New fields added when exporting Tax notices into Excel. Learn more.

9 September

• Audit history
  Administrators now have access to an audit history. It shows any changes made to the status of tax returns and any changes made to staff role assignment. Learn more.

6 August

• You can search, filter and sort the Contact list.

• We've changed the display name on the Contact list to be Last Name, First Name, consistent with the Compliance list format.

NZ tax

31 August

• Provisional tax option filter on the Tax notices page
  We've added a Provisional tax option drop-down to the More filters options in the Tax notices filter bar. This filter lets you choose whether to display provisional tax notices using only the standard option, only the estimation option, or all tax notices regardless of whether they are provisional tax notices. Learn more about filtering.

27 August

• Voluntary adjustments filter on the Tax notices page
  We've added a Voluntary adjustments drop-down to the More filters options in the Tax notices filter bar. This filter lets you choose whether to display tax notices that have a voluntary adjustment. You can display:
  • tax notices with a specific voluntary adjustment type (for example, FAM, FBT, GST, INC or SLS)
  • all tax notices with any voluntary adjustment type
  • tax notices that don't have a voluntary adjustment
  • all tax notices whether they have a voluntary adjustment or not.
  Learn more about filtering.
  Learn more about voluntary adjustments for provisional tax or terminal tax.

26 August

• Delivery preference filter on the Tax notices page
  We've added a Delivery preference drop-down to the More filters options in the Tax notices filter bar. This filter lets you choose whether to display tax notices that are set to Send manually, Send task to client, Send email to client or All.
  This is a useful filter to apply when selecting tax notices to send in bulk. The tax notices that need to be sent manually can't be sent in bulk, so this filter lets you easily exclude those tax notices. It also lets you easily see just those tax notices that you need to prepare for sending manually.
  Learn more.

18 August

• Assign users to roles in bulk
  Now there's an easier way to control which users can perform certain actions in MYOB Practice in bulk. Learn more.
  First, you'll need to have opted in to Access Management to assign staff to roles in bulk.

17 August

• New filter options on the Tax notices page
  We’ve added a Nil balance checkbox and Tax pooling drop-down to the More filters options in the Tax notices filter bar. You can use these options to filter the results displayed on the Tax notices page, which can be useful for performing bulk actions on a set of tax notices.Image Added

• • Nil balance amounts:
    Select the Nil balance checkbox to display tax notices with a 0.00 amount.
  • Tax pooling:
    Select an option from the Tax pooling drop-down (Yes, No or All) to display tax notices based on whether the client is using tax pooling.
    Image Added
  Learn more about filtering, or tax pooling for provisional or terminal tax notices.

13 August

• Send a copy of tax notice emails to your practice
  When you send emails with tax notices to your clients, your practice can now receive a copy of the email. Your MYOB Practice Administrator will need to set a CC email address to use this feature.
  Learn more about sending tax notices and about setting up the CC email address.

6 August

• Easily access IRD numbers

  • You can see your clients' IRD number on the top right of MYOB Practice. This is convenient as a quick reference when you’re working on data reconciliation, tax notices or tax returns. The IRD number is displayed on any page when you select a client from the Contact list or client sidebar.

    Image Added
  • You can search for your client’s IRD number in the Search field on the Contact list page. Type in an IRD number and the page will show you the associated client.
    Image Added

Contacts

6 August

• You can search, filter and sort the Contact list.

• We've changed the display name on the Contact list to be Last Name, First Name, consistent with the Compliance list format.

NZ tax

2 August

• Minor Data reconciliation and Tax notices improvements
  • You can see the Unreconciled transactions panel in Data reconciliation even when there are no currently unreconciled transactions. This means you can always access the Add MYOB transaction function. Learn more.
  • In the Data reconciliation and Tax notices sections, wherever there were references to IRD in the user interface, these references are now displayed as IR.
  • We’ve added a Data reconciliation heading above the filters in the All clients view.
    Image Added

Documents

1 August

• New limits when downloading from Documents within MYOB Practice
  To improve the performance of Documents within MYOB Practice, we've introduced limits on the quantity and size of documents you can download in one go. You can now download 150 documents or 1 GB worth of documents, whichever one of these limits you reach first. Learn more.

NZ tax

21 July

• Export Compliance list and Tax notices data to Excel
  Reviewing compliance work just got easier! You can export data to an XLSX spreadsheet file, which can be a handy way to make and share notes and comments while reviewing. If you want to only include certain data sets, like only data relevant for a particular practice partner, you can also filter the data before exporting.
  We've also removed the Export report (PDF) button. This option to export to Excel replaces the option to export to PDF.
  Learn more about exporting in the Compliance list or in Tax notices.

19 July

• Precise calculations when distributing income between partners in IR7 returns
  Distribution calculations will use percentages to 4 decimal places instead of 2. IR allows percentages to 2 decimal places to be reported, so we’ve also added a new Percentage filed with IR field. See Entering data into a tax return in this link to learn more.

13 July

• Automatically create tax workpapers when prepopulating returns
  You no longer need to work out which workpaper or schedule to create when receiving data for prepopulating returns. We'll create the appropriate workpaper for you! Learn more.

9 July

• Visibility of bank account details for refunds
  When a tax return includes an amount to be refunded, you can see the bank account details that you previously set up in myIR and that will be used for the refund. If the bank account details in MYOB Practice don’t look right, you can refresh them to synchronise with the latest details in myIR. Learn more.

8 July

• Sending tax notices via email and in bulk
  You can send tax notices to clients via email from within MYOB Practice. You can also send tax notices in bulk by email or as Portal tasks. Learn more.

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  type warning
  If you use Tax Manager in MYOB AE/AO on the desktop, read section 8. Send notices of the Tax notices workflow for important information.

NZ tax – Resolved issues

15 July

• Fix for tax notices
  When accessing tax notices, you won't get this error anymore: 'Something went wrong' (support ref: 00717130). Learn more.

13 July

• Fix for tax notices
  When you create a tax notice, the due date now shows correctly for six monthly clients with a June or December balance month (support ref: 00701371). Learn more.

7 July

• Improvements and fixes for tax notices and returns
  
  • In tax notice emails, the subject line now includes the name of the tax notice recipient (support ref: 00703152). Learn more.
  • When you email your clients their tax notice, the attached notice will now be a PDF (support ref: 00648185). Learn more.
  • You can now change the provisional tax option when the due date has passed (support ref: 00663088). Learn more.
  • When schedular income is negative, it'll now be taken into account on your tax statement and displayed in Net schedular payments (support ref: 00672041). Learn more.
  • If you change your client's name after you've created their tax notice, the tax notice will now show the updated name.
  • After you've created a tax notice, the first instalment is correctly calculated in all cases. Previously, some notice's first instalments were incorrectly reduced by $1.
  • Some tax notice's provisional tax was not being calculated when RIT was above $5000.

NZ tax

28 June

• Tax workpapers and schedules have an improved PDF layout
  When you use the Tax workpapers & schedules side panel to create multiple workpapers and schedules for a tax return, they are combined onto one page wherever possible, without related content breaking across multiple pages. Learn more about preparing a tax return.

• Access management for Tax notices and Data reconciliation
  If you opt in to access management, you can use three new roles to control access to Tax notices and Data reconciliation functionality.
  • Tax notice approval role—Lets you approve and unlock tax notices.
    
  • Sent tax notices role—Lets you send tax notices and change the tax notice status to Sent.
  • Data reconciliation role—Lets you add, delete, reconcile or unreconcile transactions in a compliance data reconciliation.

  UI Text Box
  type warning
  If you've already opted in to access management, now only Administrators will have access to certain Tax notices and Data reconciliation functionality. To give access to other users, the Administrator must assign the new roles to those users. If you haven't opted in yet, you can register your interest to access all the features.

  Learn more.

24 June

• Deleting IR526 returns
  You can delete an IR526 if it has a status of In progress.

22 June

• Added a validation to the IR4 company return
  You’ll now see an error message if you haven't entered a value in the Lowest economic interests of shareholders percentage field.
• Improved paragraph customisation
  While editing paragraphs in tax notices and tax statements, you could previously press Enter to display the text on a new line break in the field. Now the line break will also display in the final tax notice or tax statement paragraph. We’ve also increased the maximum character limit in the Opening paragraph, Declaration and Footer paragraphs. Learn more.

16 June

• Fixed known issue in tax returns
  Payment summary—incorrect when provisional tax paid exceeds instalment due amount (support ref: 00651081). Learn more. 

9 June

• Fixed known issues
  
  • IR4 errors for losses claimed and subvention payments
    For an IR4, we have changed the validation errors to warnings when there are losses claimed and subvention payments. We've also updated the wording on the validations.
  • UOMI on tax statements
    We've fixed an issue where a Use of money interest row was always printing in the IR4 and IR6 payment summary on the tax statement. The row will now only print if the amount is not 0.00.
  • Depreciation calculation
    We've changed depreciation so that it will now be limited to the opening tax value. Before, the depreciation section in the Rental schedule in some scenarios was calculating depreciation greater than the opening tax value.

3 June

• Customise paragraphs in tax notices and tax statements
  We’ve added the ability to edit the paragraphs displayed in tax notices and tax statements. We’ve also added an Additional text field, which will display an additional paragraph in tax statements. Some paragraphs come with default text, so you may want to review and edit these to suit your practice. Learn more.

  UI Text Box
  expanded true title June 2021 type note
  This feature doesn't include editing logos. We’re aware of the logo requirement. To learn when we schedule in this feature, keep your eye on the page for features coming soon.

NZ tax

28 May

• Business income schedule update
  Based on your feedback, we've added a Depreciation subsection in the Other expenses section of the Business income schedule. This includes a new Depreciation field. The previously available Depreciation field is still available in the Expenses table to ensure previously entered data isn’t affected. You only need to complete one depreciation option.
  Learn more about tax workpapers and schedules on the Compliance workflow page, in the Prepare a return > Table of tax workpapers & schedules section.

27 May

• We've completed adding support for prepopulating tax return data from Inland Revenue

  You can see the schedules that are supported in this table.

14 May

• Tax compliance updates
  Individual entity types only: We’ve updated 2022 provisional and 2021 terminal tax notices to meet IR’s requirements. This applies to all existing and newly-created tax notices. Learn more.
• Removed Partner and Family group filters for non AE/AO users
  If you’re an MYOB Practice user who hasn’t come from MYOB AE/AO, we’ve removed the Partner and Family group filters from the Compliance, Tax notices and Data reconciliation lists. This is because partner and family group filters require data from AE/AO. You can still use the Staff member filter.

7 May

• We're expanding support for prepopulating tax return data from Inland Revenue

  We've made data prepopulation from IR available for more schedules, and we'll be adding support for even more. You can see the schedules that are supported in this table.
  Update: 27 May—We've completed adding support for prepopulating data.

6 May

• Even more data to share data between tax returns... with less effort!
  You can distribute income from an IR6 tax return to a beneficiary's IR3 tax return, for the 2021 financial year onwards.
  Plus you no longer need to work out which schedule to create! We'll create the appropriate schedule for you when you distribute from an IR4, IR6 or IR7 return to the IR3 return, if it's not already created. Learn more.

Transaction processing

6 May

• Create coding reports for MYOB Business files
  You can now generate coding reports for clients with MYOB Business files. Previously, this was only possible for MYOB Essentials and MYOB AccountRight files.

NZ tax

23 April

• Improvements to sending tax return details to clients

  You can print and send one document that includes the Tax Statement and the associated schedules to your clients. Learn more.

21 April

• New roles to help control user access to Compliance work
  You can opt-in to access management. This gives your practice two new user roles for greater control over who can action Compliance work, like approving and filing returns. Learn more.

18 April

• Save time by updating the status of tax notices in bulk
  You can update the status of tax notices in bulk to Not started, In progress, In review, Ready for client, Sent, Paid or Not required, from the Tax notices list page. So if you have a lot of tax notices that you don't need to prepare or send, you can update all their statuses to Not required in one go without having to open the tax notice first. Learn more.
  Image Added
  Update—April 26: We added two more status update options: Not started and In progress.

12 April

• View and edit GST settings
  You can view and edit client GST settings that were imported from AE/AO. You can edit the details, but they won't sync back to AE/AO. Learn more.

8 April

• Filter Compliance list by staff, partner and/or family group
  Effectively organise your workload with new filters for staff, partners and family group in the All clients view of the Compliance list page.
  Image Added
  Staff and partner assignments come from your clients' Responsibility tab in AE/AO, so make sure you've set up your team responsibility first. For family groups, you'll need to have set up family groups in AE/AO also. Learn more.

7 April

• Even more data to share data between tax returns
  Do even less manual entry and double handing by distributing income from an IR7 tax return to a partner or shareholder's IR3 tax return. Learn more.

1 April

• Tax compliance changes
  We've updated the legislative changes for the 2021 tax year. Learn more.

• Rollover 2020 tax returns to 2021
  We'll create a 2021 tax return for every client with a 2020 tax return as of 31 March 2021. When you open this 2021 tax return, you'll have the option to roll forward the 2020 tax return. Learn more.

NZ tax

31 March

• Filter Data reconciliation and Tax notices by staff, partner and/or family group
  Effectively organise your workload with new filters for staff, partners and family group in the All clients view of the Data reconciliation and Tax notices page.
  Image Added
  Staff and partner assignments come from your clients' Responsibility tab in AE/AO, so make sure you've set up your team responsibility first. For family groups, you'll need to have set up family groups in AE/AO also.
  Update: 14 May—We've removed Partner and Family group filters for non AE/AO users. See the 14 May What's new update to learn more.

25 March

• Pre-fill from workpapers into the IR10 form attached to a tax return
  You can export IR10 data from AE/AO workpapers, and import it into MYOB Practice Tax to pre-fill the IR10 form. Learn more.

• Improvements when sending tax notices

  We've updated the wording in the email and portal message template used to send tax notices. Prefer to personalise your messages? You can still edit the wording when you send tax notices.

  If you’ve set up a practice alias, the tasks and emails to clients from MYOB Practice can be sent using the alias. Otherwise, tasks and emails sent from MYOB Practice will continue to use the logged-in user as the sender. Learn more.

23 March

• View Taxable Income and Residual Income Tax (RIT) at a glance
  We've added two new columns to the Tax notices page to help you decide which tax notices need work.
  Image Added

19 March

• Prepopulate tax return data directly from Inland Revenue
  When you add a tax return, we'll download data directly from Inland Revenue for you to prepopulate into your client's tax return. Learn more.
  
• New documents features
  We're beginning the rollout of a new system for documents within MYOB Practice. When your practice has the new documents features, you can learn more here.

18 March

• Pre-fill from AO Classic and AE MAS into the IR10 form attached to a tax return
  You can export IR10 data from MYOB AO Classic and AE MAS, and import it into MYOB Practice Tax to pre-fill the IR10 form. Learn more.

• Share data between IR4 tax returns and IR3 tax returns
  Do less manual entry and double handing by distributing income from a company’s IR4 tax return to a shareholder’s IR3 tax return. Learn more.

• Prepopulate association details when you create a tax return
  You can now prepopulate the names and IRD numbers of shareholders, beneficiaries and partners from into an IR4, IR6 and IR7 return. This data comes from the associations in your client's MYOB Practice client details. Learn more.

9 March

• Create tax notices for multiple clients in one go
  You can now create provisional and terminal tax notices for the current period, for multiple clients. On the Tax notices page, when you see the message "We've got data for (X) clients. Do you want to create their tax notices?", it means we've downloaded the latest Inland Revenue data for those clients. Click Create now to create their tax notices. Learn more.
  Image Added

• Calculate provisional and terminal tax payable using Inland Revenue's assessment
  When reconciling a transaction for the Inland Revenue's Residual Income Tax (RIT) assessment, you can now enter the details of the assessment in MYOB Practice. We'll then use these details to calculate provisional and terminal tax in your client's tax notices to ensure your client pays just the right amount of tax. Learn more.

3 March

• Error message for users without filing access
  Users with Read only or None access in myIR will receive the message You aren’t permitted to access this when attempting to file a tax return in MYOB Practice. Learn more.
  Image Added

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  size medium type note
  MYOB Practice Tax uses gateway services to file tax returns to Inland Revenue. This means that each staff member using gateway services will need their own myIR logon. For more information, see Filing tax returns using Inland Revenue gateway services - NZ.

NZ tax

17 February

• More intuitive contact sync icons
  We've updated the icons that indicate the status of contacts syncing. Learn more.

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  type note
  To see the latest icons, you need to have installed hotfix 59067593.

5 February

• Easier navigation of Tax returns
  Use the new Navigation options on the right of the Tax return page to jump straight to the section you want to view or update.

4 February

• Filter by unreconciled transactions
  We've added an Unreconciled transaction alert filter to the Data reconciliation page, so you can quickly find clients who have MYOB or IR transactions to reconcile.

3 February

• Enjoy an improved upgrade experience
  We've released a hotfix that corrects a couple of critical errors that you may see when you upgrade from MYOB AE/AO to MYOB Practice Tax. If you've installed MYOB AE/AO 5.4.36.144, it's important that you install this hotfix.

1 February

• You can now delete tax returns in MYOB Practice Tax
  If you've made a mistake when adding a tax return for your client, you can now delete and recreate it with the right information. Learn more.

NZ tax

5 January

• More flexibility in how you send tax notices
  When you prepare a tax notice in MYOB Practice, you can now email the tax notice to your client directly from MYOB Practice! Learn more.
  Image Added

NZ tax

17 December

• Prepare tax notices from MYOB Practice Tax
  You can now prepare both provisional and terminal tax notices in MYOB Practice Tax. To get started, go to Compliance > Tax notices. You'll receive the message: We've downloaded IRD data for (X) clients. Do you want to create their tax notices? Click Create now to create tax notices for all your clients. See Preparing tax notices for information on how to get started.
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NZ tax

November 26

• Download tax statements for IR3, IR3NR, IR4, IR526, IR6 and IR7 returns
  You can now easily generate professional-looking tax statements for the above return types. You can download the tax statement from the Tax return page or send it to your clients digitally, via the client portal.