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Before we ask you to create tax notices for all your clients, we want to ensure tax notices create and update as expected for a handful of your tax notices, first.

We ask that you choose 3 tax clients—1 individual, 1 company and 1 trust, to create tax notices for, and check that the calculations are correct and the form is working as expected.

1. Create the tax notice

Search and select a client on your client sidebar
Click Compliance > Tax notices.
Click Create now.

You’ll see that multiple tax notices are created for this client. These notices are due in the current tax period (2021 provisional and 2020 terminal).
For example, below is for a tax client with an April balance date and on 6-monthly GST tax period.
Repeat the steps 1 to 3 for the other two tax clients.

2. Check calculations and notice updates are working as expected for provisional tax notices

In the Tax notices page, click on a tax notice with a Notice type of Provisional instalment 2 to open.

Perform the following tasks for each of the 3 tax clients, and answer Yes or No to each question. If the answer to any of these questions is No, please describe what went wrong and include screenshots.

Task 1

Make sure the Provisional tax option is set to Estimation. If the Provisional tax option is Standard, change this to Estimation.
Edit values in each field. Do the calculations update and save as expected? (Yes or No).

Task 2

Change the Provisional tax option from Estimation to Standard.

The figures are prefilled based on the following rules:
- In the client’s Data reconciliation, if an IRD assessment transaction exists for the previous 2 periods, the IRD assessment transaction’s value will be used to prefill the Residual income tax value. The Basis year will then appear as 20xx (Assessed).
- In the client’s Data reconciliation, if no IRD assessment transactions exists for the previous 2 periods, nothing will be prefilled. The Basis year will then appear as 20xx (Outstanding).
  Are the prefilled Standard figures correct? (Yes or No)
For both of the scenarios above, change the figures in the editable fields. Do the calculations update and save as expected? (Yes or No)
Mark the provisional instalment as Tax pooling by clicking on Yes. Towards the bottom of the page, does the Provisional tax amount zero out? (Yes or No)

Task 3

Scroll back up to the top of the tax notice page, and click < Back. You'll be directed back to tax notices for the select client.
Open their Provisional instalment 3 tax notice.
Check the provisional tax calculations.
- Is the same basis being used between P2 and P3? (Yes or No).
- Are the provisional tax calculations reflecting P2 is tax pooled (i.e. P2 amount is not rolled over to P3)? (Yes or No)
Add a voluntary adjustment. Do the calculations update and save as expected? (Yes or No)

3. Check calculations and notice updates are working as expected for terminal tax notices

In the Tax notices page, click on a terminal tax notice to open. Terminal tax notices will have a Notice type of 20XX Terminal.

If MYOB Practice does not have a record of your filed tax return, the terminal tax calculation fields will be blank and editable. Do the calculations update and save as expected? (Yes or No).

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