Bank account details are stored in myIR and will be used as the bank account for the refund. The bank account details aren't automatically pre-populated when you create a tax return. You need to click Refresh bank details from myIR to see the details in MYOB Practice.
If the bank account details look incorrect or are missing in MYOB Practice, check and update the details in myIR and click Refresh bank account details from myIR in MYOB Practice. You don't need to have an Account name as part of the bank account details, but if you're not sure if the details you see in MYOB Practice are correct, you can always click the refresh link to pull through the latest details from myIR. UI Text Box |
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| - You'll see Refunds section 33 only when it's needed based on the tax return. For example, if the business income is negative, which requires a refund from IR. If the Refunds section is needed, you'll see it when you go to Compliance list > Tax return for an IR3, IR3NR, IR4, IR6 or IR526 return type.
- Each tax type can only have one bank account associated with it.
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Errors and issues...If there's an issue with getting the bank account details from myIR, you'll see a message in the Bank account details (from myIR) section.
You can still file the return if the bank account details aren't correct or don't exist. In this case IR will hold the refund and release it when correct bank account details have been entered in myIR. UI Text Box |
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| If you had a return in progress when this feature was enabledIf you have a tax return in progress when we made the ability to view bank account details available in MYOB Practice, you'll see a message at the top of the return saying you can Reload page to upgrade now. You can either: - ignore the message and continue preparing and filing as you did before the feature was available.
- click the message. You'll be upgraded and, if a refund is needed, you'll see the bank account detail fields. The fields will be blank to make the upgrade faster. You can click Refresh bank details from myIR to populate the fields and the details will always be viewable from now on.
If you don't have a tax return in progress when we made this feature available, this feature will be available the next time you're preparing a return. |
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