Copy of Coming soon to MYOB Practice Tax (AU)

https://help.myob.com/wiki/x/F4ETB

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Key points

This page shows what we're working on over the next few months.
Features, dates, and details on this page are indicative only and may change. See our full disclaimer below.
Some of these features might already be released. Keep an eye on the What's new page for details.

Here's what we are working on

Tax returns

2021 SMSF tax returns will be available.
More prefill data fields will be added when prefilling from an ATO report into an Individual tax return.
Examples of the labels and schedules that will be pre-filled:
- ATO Interest - Income details schedule (INCDTLS) and deductions schedule (DDCTNS).
- HELP, HECS, PAYG installments
- Employee Termination Payment (ETP) - INCDTLS
- Personal superannuation Contribution Deductions - DDCTNS
- Personal Services Income (PSI) - INCDTLS
- Australian annuities and superannuation income stream (AASIS) - INCDTLS
- Superannuation lump sum payment - INCDTLS
- Managed Fund Distributions
- Employee Share Schemes
- Other Refundable Tax Offsets
- Low Rate Cap/Income Averaging
- Income Averaging - Primary Producer/Special Professional

Printing

You'll be able to print a pdf copy of the tax return and estimate when the status is In progress.
You'll be able to hide Tax file numbers (TFN) when printing tax returns in pdf.

Sharing data between returns

Rental properties - You'll be able to share rental properties with more than 2 owners.

Other features

Tax Estimate improvements for Medicare Levy/HELP/PHI/Working Holiday Maker.
Auto-creation of schedules when Pre-filling returns/sharing between returns (available 10th August)
Rental Property sharing between returns (available 10th August)
Various other small enhancements

Disclaimer

The MYOB Practice Tax (AU) coming soon page outlines our plans based on current expectations, forecasts and assumptions. MYOB is committed to remaining agile and responsive to customer and market requirements. This means that it may be subject to change without notice and shouldn't be relied on when making investment decisions. MYOB provides no representations or warranties (whether express or implied) that the products or features outlined in the MYOB Practice Tax (AU) coming soon page will be suitable for your particular business needs, and we make no guarantees regarding any projected product releases, new features, timelines or efficiencies.

Page last updated: 09 August 2021

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