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https://help.myob.com/wiki/x/jJFnAw
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The Compliance list is where you'll create, access and keep track of the progress of your client's tax returns. You can go to this page by clicking Compliance in the top menu bar.
You'll need to add a tax return for each client, but you must configured their Compliance settings first, to ensure the tax return is created with the right client details.
We currently support all major tax returns except for IR8 and IR9, but you can still prepare these type of returns in MYOB Tax on the desktop.
Adding a tax return
To prepare a tax return for your client, add a tax return to your Compliance list.
Make sure you have:
- a tax agency in your MYOB Practice settings.
- configured your client's Compliance settings and linked a tax agency to them.
To add a new tax return
- Go to Compliance and click Add new. The Add new dialog box appears.
Select a client from the Client drop-down.
If you haven't finished setting up the compliance settings for your client, you might receive the following message:
Click configure the compliance settings to finish setting up your client's compliance settings.
- Select the type of tax return you want to add from the Type drop-down
- Select the period you want to create the tax return for, from the Period drop-down.
- Click Add. The tax return appears in the Compliance list.
- Click the tax return in the Compliance list to open.
Preparing a tax return
As you complete certain fields in the tax return, we'll check it for errors. If we detect an error, the field displays red and a message appears below the field so that you can fix it straight away.
You can also add attachments to send to the Inland Revenue, or use tax workpapers and schedules to help you calculate the amount to put in each field.
To add an IR attachment to a tax return
- In the Tax return page, click the IR attachments drop-down.
Select the document you want to add to the return.
IR attachments are filed to Inland Revenue, along with the tax return.
To add a tax workpaper or schedule to a tax return
- In the Tax return page, click the Tax workpapers & schedules drop-down.
Select the workpaper or schedule you want to add to the return.
Tax workpapers and schedules are there to help you with your calculations only. They're not filed to Inland Revenue.
Sync tax return data
The Sync tax return data button sends information between the tax return, tax notice and Data reconciliation page.
You only need to click this button when.... (pending).
Click Sync tax return data, the following information is synced from the source to the destination:
From source Information sent To destination Data reconciliation - MYOB transactions
Tax return Tax notices - Provisional tax amounts and due dates
- Provisional tax method
- Use of Money Interest (UOMI)
Tax return Tax return - Refund information from the tax return.
Tax notice
Data reconciliation
As you progress through the tax return workflow and statuses, some data will sync between the tax return, tax notices and data reconciliation.
- When you create a tax return, we'll sync provisional tax data from Tax Notices and relevant transactions from Data reconciliation to pre-fill the tax return.
When you add a tax return, we'll pre-fill some of the fields in the tax return with provisional tax data from tax notices and transactions from Data reconciliation.
- When you approve a tax return, we'll send information about the refund or payable, to the Data reconciliation and Tax Notices.
- When you file a tax return, we'll automatically create an MYOB transaction in the Data reconciliation.
Validating a tax return
Although we check for errors at an individual field level as you complete the tax return, there are errors that we can't detect until you've finished filling in the tax return. So before sending it to your client, click the Validate button as a final check to ensure the tax return has been completed according to the Inland Revenue rules and legislation.
This check looks at the tax return and attachments as a whole and takes into consideration the overall business logic.
In the Tax return page, click Validate. The message "Validating... This may take a few minutes" appears.
- If there are no warnings or errors, you'll receive the following message at the top of the tax return:
- If there are errors or warnings in the tax return, you'll receive a red alert message instead. For example:
- To resolve these errors, click on the error message and you'll be taken to the relevant field, which will be highlighted in red.
- Resolve the error and validate again to ensure there are no further errors in the tax return.
- To resolve these errors, click on the error message and you'll be taken to the relevant field, which will be highlighted in red.
What's next?
Once you've completed and validated the tax return, it's time to send the tax return for internal review and approval. This is the final check before you send the tax return to your client for signing.
Even if you don't have a co-worker review your work, you must go through the review and approval steps in order to file a tax return.
See Sending a tax return to a client for information.
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