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Tax 2024.1 KB348061734 (Australia)

Release date—December 2024

What is the release about?

This installation will run an SQL script to identify Company tax returns lodged to the ATO but missing the Small Business Energy incentive tax offset. (Item 7 Label K).

Small Business Energy incentive tax offset. (Item 7 Label K) was an information field only and did not impact the tax assessment of your client.

This only affects returns lodged or amended on or before 11 October. Returns lodged or amended after this date do not require any action because the offset has been included in the tax return.

We identified and fixed this issue on 11 October in our system that transmits the data to the ATO. As the fix was an MYOB internal change, you did not need to take any action. .

We informed the ATO of this issue and the ATO has advised that the impacted returns should be amended and relodged to ensure that the correct data is recorded against the taxpayers' records.

This utility will identify any returns that require an amendment and list them in a text file so you can easily identify and fix them. Once you have a list of affected clients, amend their tax returns and lodge them with the ATO so they have all the offset details.

Before you begin

  • The pre-requisite is 5.4.52/2024.1. To check your current version, click Help > About.

  • Make sure you have access to your SQL server to complete this install.

Download the file

Click this link to download the MYOB_AEAO_TAX_2024.1_AU_KB348061734 file. It is generally saved in the Downloads folder.

20241-file.png

Running the SQL script

  1. On the SQL server, double-click MYOB_AEAO_TAX_2024.1_AU_KB348061734.

  2. The tool will check your MYOB databases for tax returns that require an amendment and lodged to the ATO

    step1-KB348061734.png


  3. Go to the location mentioned in the message to open the file impactedResult.txt

  4. The file will list the start time for each database in different sections. (If you have multiple databases)

    textfile.png


  5. For each database, the affected returns are listed as either

    1. Returns impacted by error that require an amendment - Lists the returns that are affected and require an amendment lodged to the ATO

    2. Returns resolved by lodging an amendment - Lists the affected returns but has had an amendment lodged after 11 October 2024 when the fix was implemented.

We’ll list all the returns, even if an amendment is lodged and the tax offset is included in the tax return.

Next steps

When you’re ready to amend the tax return to lodge to the ATO, complete the following details:

Learn how to amend a tax return.

  • In Amendment code, select Client error.

  • In the Amendment reason, enter ATO query reference: DSPPT-38388 and advised to lodge an amendment by MYOB.