MYOB AE/AO release notes—5.4.37/2020.2 (Australia)

When selecting Prelodge in Activity Statement Obligations, shows an error: There is an unexpected error, please check event log for details or contact MYOB support.

• Rounding issue: Foreign pension and annuities schedule (fpa)amounts with cents will now round down to the nearest dollar to avoid return-estimate taxable income discrepancy.
• Company tax return: To calculate PAYG income installments, the tax rates for the base rate entity is updated to 26%. For a non base-rate company, the tax rate is calculated at 30%

• Australian government pensions (agp) worksheet: When printing, the third line was printing only 6 characters.
• Multi-property rental property schedule: The amounts at Depreciation on plant and Gardening/lawn mowing expenses will now print on the first row of the description instead of the second row.
• All schedules with ATO prefill values: When printing a worksheet with ATO prefilled data, you can tick Exclude Pre-fill labels in Print attributes to remove the Tax office Report pre-filled data wording.
• Australian superannuation income stream payment summaries (asi): When printing more than one Australian superannuation income stream payment summaries (asi), the Tax offset as per payment summary field will print correctly.
• Business schedule (C): When there's a loss in schedule C and the net primary production income/loss, the L will print correctly.
• Annual GST return: The ATO PDF copy will print the correct dates.
• International Dealings Schedule (IDS): Item 46B Label D will print the correct values.
• Trust return: Is the trust a managed investment trust (MIT)? question on the Front cover will print correctly.
• Multi-property rental schedule (RNTLPRPTY): The private use amount will no longer print 0 incorrectly.

• Label B: total other rental-related income amounts will no longer show 0.00 after the update.
• The Private amount in depreciation on plant label changes will not change to zero when a depreciation worksheet is integrated.

• Performance improvement: Viewing the PLS reports will be quicker when there is a large number of reports in the folder.
• For a non-resident, you can now select the country at Country of residence when interest was paid or credited field in the interest (int) schedule.
• Financial investment income and deductions (fil) schedule will now show the correct amount at Managed investment scheme income from trusts incl. at 13U, Total financial investment income/loss and Net financial investment income/loss
• Client name with a suffix: A client with a suffix such as II, IV, V in their surname will rollover correctly from the previous year.
• Refund of Excess Concessional Contributions 2020: The picklist at Financial year in which the release amount will be included as assessable income field is updated.
• Tax tracking clients: If you use tax tracking for the tax return statuses, in the Update step window the returns with Lodged field is Y rolled over incorrectly as P (paper) instead of E (Electronic) in Return properties.