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Creating a tax return

There are two ways you can create a tax return:

  • Move a tax return from MYOB AE/AO into Practice Compliance – This creates a tax return with data that will roll over from AE/AO from the previous year in AE/AO.

  • Add a new tax return using Tax in Practice Compliance – This creates a blank tax return. No data is moved from AE/AO. But if you already have a tax return in Tax, when creating a new return, all the data from the previous year will roll over.

Move a tax return from MYOB AE/AO

  • Before moving a tax return, make sure you've completed the getting started steps.

  • There are some tax return year and form type restrictions:

    • Can’t move 2021 and prior years from AE/AO to Practice Compliance.

    • Can’t move SMSF & Fund return type for any year.

    • Can move 2022 and later years for IITR, CTR, PTR and TRT.

  1. Log in to AE/AO.

  2. Go to the client and select the Tax returns tab.

  3. Select to open a tax return. Make sure the tax return is in Not Started status. The Move the tax return online window appears.

  4. In the Move the tax return online window, click Move this return online.

    Move the tax return online window with a description and image of MYOB Practice, links to more information and buttons to stay on desktop or move the return online

  5. Click Open return after the process has finished successfully.

    Move the tax return online window with an Open return button and a series of completed tasks: Start, Extract data, Upload, Rollover complete and Ready to open.

  6. The tax return opens in Practice Compliance.

    If the Move the tax return online window doesn't appear, see errors when moving tax return from AE/AO to Practice Compliance.

    The depreciation worksheet in MYOB AE/AO doesn't require an asset class, but Practice Compliance does. So that you don't need to edit all the assets before being able to move returns without issue, when you move the return, we add a Default Asset Class value that you can see when you select a client in the side menu. You can transfer the asset class to Practice Compliance at your convenience.

Add a tax return in Practice Compliance

If you don't have a tax return in AE/AO and want to start a tax return for a client, you can add a new tax return directly in Practice Compliance.

  • You can add Individual, Company, Partnership and Trust return types from the tax year 2019 onwards.

  • Currently, a blank tax return will be created with no data (including contact information). We're working on integrating the contact information into the tax returns.

  • If you have a previous year's tax return online, some data, schedules, and workpapers will roll over. See Data rolled over from the previous year.

  1. Select Add new button located in the top right-hand corner.

  2. In the Add form window, select the Client, Type, and Period.

  3. Select Add. A tax return will be created with a Not started status.