To reduce data entry and maintain accuracy, you can share the income details between spouses' tax returns. If your client's spouse's details are in the database then you can share the details and automate the completion of all the spouse's details and income.
This feature is available from the 2021 tax return onwards.
The way of sharing spouse details is different in Practice compared to MYOB AE/AO. In MYOB AE/AO, you select the spouse from the current tax return and pull the data into the return. In Practice, you will be pushing the data from the current tax return into the spouse's return.
Sharing the spouse data
If you've created a tax return for both spouses in your database, you'll be able to share the income details from one tax return to another and vice-versa.
We've used the tax file number to link the 2 spouse's tax returns. This tax file number will not be printed or lodged to the ATO.
The following data will be shared into the spouse's tax return:
Date of birth
Tax file number
From this label
To this label (into the Spouse's return)
Taxable income or loss
O - Your spouse's taxable income
NA (enter amount manually)
T - Your spouse share of trust income on which trustee is assessed under section 98
IT1 - Employers exempt from FBT under section 57A
R - Employers exempt from FBT under section 57A
A5 - X Amount on which family trust distribution tax has been paid
U Distributions to your spouse on which family trust distribution tax has been paid
IT2 - Employers not exempt from FBT under section 57A
S - Employers not exempt from FBT under section 57A
Item 6 B - Australian Government pensions and allowances
P - Amount of Australian government pensions and allowances.
Sum of Item D12 Personal Super Contributions and IT2 Super Contributions
A - Amount of your spouse's reportable super contributions
IT3 U Tax-free government pensions
B Other specified exempt payments
IT4 V Target foreign income
C Your spouse’s target foreign income
Sum of Item IT5 Financial Investment Loss and Item IT6 Property Loss
D - Your spouse's total net investment loss
IT7 Z Child support you paid
E - Child support your spouse paid
Make sure you've created the tax return you're going to share the data with.
Go the Spouse details - Married or Defacto item and answer the question: Did you have a spouse - married or defacto during the year 2020 to 2021?
Select Yes or No at Is the spouse a client
If the spouse is not in your database, select No and enter the details manually.
If you've selected Yes, enter the spouse's tax file number in the TFN field. The information will be shared with their tax return.
Click Share to spouse's return. You'll see the confirmation window. Click Done.
The spouse's details are now shared.
If you're updating any information in the tax return you're sharing from, make sure you select Share to spouse's return after making the change so the data is updated on the other tax return.
New labels in the spouse details
We've added 3 new calculated labels added to the spouse details income section. You can use this information to calculate the tax offsets and other eligibilities for the client.
Your spouse's ATI amount.
Your spouse's rebate amount: Use this amount to work out the eligibility for the Seniors and Pensioners tax offset.
Your spouse's assessable income.