Tax 2024.0b KB253689907 hotfix (Australia)

We've implemented F3 validation error so you can fix the error before lodging to the ATO.

• (2024 Trust tax return) CMN.ATO.GEN.XML01/CMN.ATO.GEN.XML03 - Closing stock must be provided when values are present in either Trade Debtors, Trade Creditors, Unpaid present entitlement or Closing stock code.

• (2024 Trust tax return) CMN.ATO.GEN.XML01/CMN.ATO.GEN.XML03 - PropertyPlantAndEquipmentEffectiveLifeRecalculationI. This issue occured if you have amounts at Item 50 but not completed Item 50D - Item 50 D Did you recalculate the effective life for any of your assets this income year?

• CMN.ATO.INCDTLS.000390: Trust income instance is incomplete

• CMN.ATO.INCDTLS.000391: Trust credits from income and tax offsets amount details are incomplete.

We’ve updated and fixed the following validation errors:

• CMN.ATO.TRT.433095: Distribution of Australian franking credits from a NZ franking company, franking credit or Fireign income tax offset is incorrect.

• CMN.ATO.GEN.XBRL03/XBRL04: Amendment tag indicator incorrect. This error occurred if you’re lodging an amended tax return.

• CMN.ATO.CTR.428048 - Gross Distribution from trusts indicator required where gross distribution trusts amount is present

We’ve implemented ATO validation errors for the Net small Business income and Trust income schedule.

• We’ve fixed the PHI Rebate and MLS surcharge that was incorrectly calculated in the estimate.

• We’ve enabled the 2024 Quarter 4 and Annual instalment fields in the PAYG Profile window, so you can add any Instalments for estimation.

• Error: No Pdfs found to process using master file: C:\Users\ADMINI~1.EDN\AppData\Local\Temp\2\MM\Fax_Temp\FAXMST.INI

• SMSF 2024: When multiple Trust Income schedules exist, Label U (Franked distributions) will now integrate to Item 11 Gross Trust Distribution Label M in the Income tab.

Accountants Enterprise only

We’ve removed the password prompt that was occurring when performing the bulk RSD.

• You must have MYOB AE/AO version 5.4.51 installed and the Tax version is 2024.0. To check your current version, click Help > About.
  If you don't have 2024.0 installed, you'll see the following message when installing the hotfix.

• Ensure you have administrator access to the server where MYOB AE/AO is installed.

• Ensure all users are logged out of MYOB Tax.

• A workstation install is not required.

1. Go to my.MYOB and download the MYOB Tax Hotfix 253689907 - Installer 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. Click Next.
   

   

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

• Open a 2024 tax return.

• Select Help > About.

• Check that the Version is 2024.0b.