Getting started with Compliance (NZ)

https://help.myob.com/wiki/x/cQtMAw

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About this process/compliance....

Before you begin

Make you've synced your AE/AO contacts into MYOB Practice and that you have your tax agent IRD number and client list number on hand.

Set up your practice

To set up your practice for Compliance, you'll first need to add your tax agency into your MYOB Practice settings.

This ensures that we can connect to Inland Revenue to file tax returns and download your client's Inland Revenue transactions.

To add an agency

In MYOB Practice, click Settings on the left of the page.
Click Agency details.
On the right of the Agency details page, click Add agency.
Complete the fields:
- Agency name—enter a name for the agency.
- Agency IRD number—enter your 9-digit tax agent number.
- Client list number—enter the client list ID. You can find this number in myIR.
- Agency address (optional)—the physical address of the agency.
Click Add. The agency appears in the Agency details list.

Set up a client

Now that your practice is all set up, you're on your way to preparing your first tax return.

You'll now need to choose the first client you'll prepare a tax return for online, and configure their compliance settings. This ensures the right type of tax return, with the right details, is created for your client.

You'll need to do this for each client you prepare a tax return for.

To set up your client for Compliance

To edit Compliance settings

Select a client on your client sidebar, and click the Settings icon () on the top right of the page.
Under Compliance settings, click Edit. The fields in the Compliance settings become editable.
Edit the required fields:
- Tax client—answer Yes if you'll be filing this client's tax return and/or you want to receive IR data for this client
- IRD number—the client's 9-digit IRD number.
- Balance month—the last month in your client's accounting year.
- GST taxable period—how often you file your GST returns
- Entity details—entity-specific settings
For Year-based compliance settings, select the year you want to view the client's tax settings for.
Edit the required fields:
- Return preparation date—select the date that...
- New provisional taxpayer—if this is a new provisional taxpayer, answer Yes and enter the start date of taxable activity.
- Agency—select the tax agent you want to use to file the tax return.
- Return required—answer No if a tax return is not required to be filed this year.
- L letter—answer Yes if this client has been issued an L letter.
- D letter—answer Yes if this client has been issued a D letter.
When finished, click Save.