Key points
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From 2020 onwards, you can roll over a simple individual tax return in Tax. Just make sure the previous year's tax return has a tax contact and tax agent present in the return properties.
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You'll see an Assets tab when the individual tax return opens in Practice Compliance. You can import depreciation assets into Assets online, but the data from Assets won't integrate into the return.
Entering data into a tax return
When moving a tax return from MYOB AE/AO into MYOB Practice Compliance, we roll over some fields to reduce your data entry time.
Use the navigation options on the left of the tax return page to go directly to a section. If a label is greyed out, enter the value in the related schedule or worksheet. Select the Related schedule/worksheets link to open it.
Front cover postal address
This feature is available only for tax returns that are created after 12 December 2023.
For any existing returns, you'll need to manually enter the address.
For the ATO communications, you can choose to send it either to the tax agent or client's address. Select Tax agent or client at the Which postal address would you prefer to use? question.
The Client address is integrated from AE/AO to the front cover of the tax return.
The Tax agent is integrated from Settings > ATO settings > select the Agent.
Electronic funds transfer (EFT) details
Choose the bank account details for the Tax agent or client for refunds. The Tax agent EFT details are integrated from the agent that is selected for the return. See ATO agent settings
Learn how to
Completing the tax return
Once you've entered the data in the tax return, follow the workflow to validate, review, complete, and lodge the tax return.