MYOB Tax 2021.0a SP1—Install guide and release notes (Australia)

Due Dates incorrect after generating a tax estimate (2021 tax returns)

• When generating a tax estimate (pressing F4) for a 2021 tax return, you may notice the Date due field is incorrect in Return properties, tax homepage, etc.
  This issue can happen when you've imported the client list report to update the Due dates and then generating a tax estimate, the Tax level, and Due dates changes. This is now fixed.

Pre-fill error

• We've fixed the error Object reference not set to an instance of an object when pre-filling from ATO report.

Rollover issues

• Dividends worksheet (div)
  • Individual tax return: If the 2020 return has manually entered data (non pre-fill), the Company or trust name is not rolling over, and the numerical values at Exploration credits and Listed investment company capital gains deduction are incorrectly rolling over This is now fixed.
  • Non-individual tax return: If the 2020 return has a dividends worksheet, the company name is not rolling over. This is now fixed.
    
    
• Interest worksheet (int)
  If the 2020 return has manually entered data (non pre-fill), the financial institution name rolled into the account number field for the first record only. You may also see an XML03 error when trying to lodge.
  To fix the affected returns, see the instructions under Post installation steps.
  
  

• Australian superannuation income stream (asi) 
  The Payment period start and end date from 2020 was incorrectly rolling over into 2021. This is now fixed.
  For returns that have been already rolled over with incorrect date, we've implemented a validation (INCDTLS.000002 Superannuation income stream payment period must be within income year) to avoid an ATO rejection.

• The pre-fill schedules from 2020 are no longer rolling over incorrectly into 2021 tax return.

Depreciation

• Depreciation for SBE pool was incorrect when taxpayer is no longer eligible for SBE or opts out of SBE. This is now fixed.
• The Opening Written down value(OWDV) in SBE pool incorrect when there are new assets added to the pool in FY2020 before 12 Mar 2020. This is now fixed.
• In the depreciation worksheet, when selecting Immediate write for a non-pooled and non-business asset, you'll see the error: Inconsistent method selection. This is now fixed.

Capital gains worksheet

• In the capital gains worksheet, you were unable to select Discount method when selecting Real estate (R) category and purchased date (year) is from 2000 onwards. This is now fixed.
• Prior year losses amount in the cgt worksheet was not integrating into the main label in the tax return. This is now fixed.

Validation errors incorrectly generated

2021 Company return

• CMN.ATO.CTR.500229
  Details: When claiming loss carry back offset, both Tax 2019-20 carried back to 2018-19 and Income tax liability 2019-20 must not be provided together.
  
  

• CMN.ATO.CTR.500238
  Details: Tax loss 2019-20 carried back to 2018-19 and Tax 2020-21 carried back to 2019-20 must not be provided together.

2020 & 2021 Individual return

• IITR.730088 
  Details: Assessable foreign source income amount is incorrect.
  This error occurs when validating a tax return (both 2020 and 2021) with the following schedules that has a cent value. This is now fixed.

Other fixes

• We've fixed an issue in a Self Managed super fund tax return (2020 & 2021), where an incorrect date was appearing in the item Reciept date H1 when importing from Class super.
• We've added the 2020 and 2021 tax years to the Prior Year Capital Loss dissection.
• A new validation rule (CMN.ATO.FTER.408395) is added to the Family Trust election/Revocation form.

Individual return

• CMN.ATO.GEN.XML03
  Summary: A field contains invalid data (such as letters in numeric or date field).
  This issue occurred when rolling over a tax return from 2020 to 2021 with an interest income schedule, the financial institution name is pre-filling in the account number field for the first record. This is now fixed.
  To fix the affected returns, see the instructions under Post installation steps.

• CMN.ATO.IITR.301106
  Summary: Salary or wages gross income or work related expense deductions must be provided.
  This rejection if F3 validation was not appearing when occupation code and description are blank. This is now implemented.
  
  

• CMN.ATO.INCDTLS.000120
  Summary: At least one Salary or wages payment summary amount must be provided (2020 and 2021).
  This rejection if F3 validation was not appearing when occupation code and description are blank. This is now implemented.
  
  
• CMN.ATO.INCDTLS.000002
  Detail: The Superannuation income stream payment period must be within the current financial year or approved substitute period.
  This error occurred in asi worksheet, Item 7 'payment period start' and end dates are being incorrectly rolled forward forward from 2020 into 2021. This is now fixed.

• You must have MYOB AE/AO version 5.4.38.101 installed and the Tax version is 2021.0
  To check your current version, click Help on the main menu and select About.
• Ensure you have administrator access to the server where MYOB AE/AO is installed.
• Ensure all users are logged out of MYOB Tax.

1. Go to my.MYOB and download the MYOB_AEAO_TAX_2021.0a_AU_SP1 file to your server location where you installed MYOB AE/AO.
2. Double-click the executable to start the installation.
3. In the Welcome to the InstallShield Wizard window, click Next.
4. Select I accept the terms in the licence agreement.
5. In Ready to install window, click Install to start the installation.
6. On the Install Completed window, click Finish.

This release does not require a workstation install