MYOB AE/AO release notes—5.4.42/2021.2 (Australia)

We've updated:

• Foreign exchange rates (for the calendar year ending 31 December 2021)
• Consumer price index (CPI) rates for September quarter 2021.

If you use MYOB Practice tax, you'll be able to create tax returns after you've created activity statements online. You can also create a previous year's tax return after you've moved a current year online.
For example, if you've moved a 2021 tax return online, you can still create a 2020 tax return in AE/AO.

PLS validations

• IITR.311085: Total CGT discount applied amount is incorrect: This error happened when a code is missing Item 18 label M when Affordable housing is selected.
• INCDTLS.000370: This error happened incorrectly when there is a blank early-stage investment (ero) schedule.
  

PLS rejections

• CMN.ATO.GEN.XBRL03 & 04: This rejection happened when Occupation code 531112 was selected in Non-Resident Foreign Income schedule. This is fixed now.
• CMN.ATO.INCDTLS.000357 (2020 & 2021): Foreign employment income non-payment summary details are incomplete. We've implemented a validation test.
• CMN.ATO.IITR.730272 (2020 & 2021): This rejection happened if you've completed a stopped/commenced field, and 2 fields Australian residency start and end dates in A2 Part-year tax free threshold. We've implemented a validation test.
• CMN.ATO.GEN.432268 (FBT 2022): This rejection happened when there was an amount less than 50 cents at Item 22 credit due and there are no bank details entered at item 13 Electronic funds transfer. We've implemented a validation test.
• CMN.ATO.GEN.410002 (FBT 2022): This rejection happened when there is a value C/- in line 1 of an address and line 2 is blank. We've implemented a validation test.
• CMN.ATO.IDS.440455: This error is incorrectly generated if you've answered N at Item 2 label B, items 3 to 17 and Y at Item 11 Label G and A. Before validating an existing return with this error, make sure you've refreshed Item 11 Label G by changing N to a Y and then back to N.

Printing

• Individual tax return:
  • Item 9: Attributed Personal Services Income Payments printed twice on the Additional Tax information section. This is now fixed.
  • Government super contributions calculator: The amount in the Income from investment, Partnership and other sources' field was not printed in the estimate. This is now fixed.
  • Salary or wages payment summary (egc) schedule: Incorrect country names are printed when selecting EAST TIMOR (TIMOR-LE) or BONAIRE, SAINT EUSTA. This is now fixed.

• Non-individual tax return (Rental schedule)
  • Field Ownership % is printing incorrectly. This is now fixed.
• Company tax return: Capital allowances (Item 9 Label I) were printing incorrectly. This is now fixed.

Other fixes

• Individual tax return: Excess concessional contributions (EY, ECC) schedule - Financial year in which the release amount will be included as assessable income field updated.
• International dealings schedule: The ATO has reversed the changes to validation tests (CMN.ATO.IDS.440560, CMN.ATO.IDS.440561, CMN.ATO.IDS.440005). We've implemented this change. These rules were updated in our previous release.
• Trust tax return (2020 & 2021):
  • When distributing the income, the amount at Item 57 Label G was tripled which generated V332A and V355 errors. This is now fixed.
  • When distributing the Attributed foreign income, the beneficiary return does create a Distribution from Trusts (dit) worksheet (in the Foreign income section) to show the distributed income. This is now fixed.
• Company tax return:
  • Base Rate Entity eligibility tests question incorrectly answered when aggregated turnover is less than 50 million. This is now fixed.

• Quantities posted from Client Accounting Workpaper not appearing on reports: When entering quantities (entered manually or from Livestock journal) from client accounting disappears after posting, and they do not appear on the trial balance or reports. This happens for both AccountRight and Essentials files. This is now fixed.
• For a Trust client, when opening a To do task that has a workpaper attached, nothing happens. This is now fixed.
• We've fixed the error sorry we failed to post the journal, platform responded with an unexpected result when posting journals with tax GST code.
• In the previous release version 5.4.41, there was a display issue when migrating custom account groups. The progress bar was always showing a total of 25 accounts updated even when more account groups were migrated. This is now fixed.