29th September, 2025
The last few months have been busy at MYOB. Since our mid-year update, we’ve introduced several new worksheets and tools to MYOB Practice Compliance. It’s now easier to calculate Capital Gains Tax, create specialised returns, and manage compliance workflows in your practice.
The changes are varied, but they’re all part of our push toward a comprehensive, end-to-end accounting platform. It’s all about efficient processes that help you tick compliance boxes, giving your people more time for intensive work and client relationships. Every update helps us move toward that goal.
Here’s a rundown of the latest changes to Tax and Client Accounting in MYOB Practice Compliance:
Tax in Practice Compliance is designed to minimise manual effort and reduce the risk of mistakes. Our latest updates reflect that, with changes to CGT worksheets, TFN reporting and TFN withholding. Many of the updates are about building tax workflows in Practice Compliance to minimise switching between platforms and reduce your reliance on desktop software.
Look out for these changes:
Calculating CGT for individual returns just got easier. MYOB Practice Compliance now has a built-in CGT worksheet for individual tax returns, which helps you calculate CGT based on factors like asset sales, rules and gain or loss treatment. When the calculation is complete, it automatically updates the client’s CGT schedule and return. This means less toggling between software for your teams, fewer interruptions to workflow, and a lower risk of a mismatch between schedule and return.
This update is a crucial step toward comprehensive compliance and full-service functionality. It aligns with existing workflows in Accountants Office and Accountants Enterprise (AE and AO), which use the same ‘Worksheet > Schedule > Return Field’ structure to calculate CGT.
The CGT worksheet for individual returns is live now, with the company and trust versions set for release in Q4.
TFN Reporting and Annual TFN Withholding returns are now active in MYOB Practice Compliance as well as AE and AO. While these types of returns aren’t used every day, they’re a must-have in some scenarios.
Before the update, if you needed to complete a TFN return, you’d have to switch back to your AO or AE platform. Now, you can prepare and lodge both in Practice Compliance, along with other specialised return forms. It’s a way to offer fuller service to your clients without adding time or complexity to your workday.
Another small but significant update: Practice Compliance users can now calculate Small Business Income for Trust and Partnership returns on the platform. The new worksheet calculates net income, separates it from other types, applies the correct treatment, and pre-fills the figures in the tax return.
Previously, this task had to be completed manually or using external software, which made it time-consuming and inconsistent. Now, accountants can manage the entire process from one platform, with consistent numbers across various documents. It can also help you work out whether an individual is eligible for the Small Business Income Tax Offset (SBITO) and ensure that they claim the correct amount.
For your team, this means less time transferring data, fewer return errors and a smooth, efficient return prep process. For your clients, it means accurate results and faster returns. Win-win.
Get all the details in the release notes here.
This quarter’s Client Accounting updates include a raft of new compliance workpapers and improved document export functionality. This means you and your team can prepare financial statements and workpapers and share with clients without leaving the cloud platform. It’s about removing roadblocks to keep work flowing, without adding complexity to your work life.
We now have more than 20 workpapers available in Client Accounting, and we’ll continue to expand the catalogue with new releases. This follows the release of financial statements for companies, trusts, sole traders and partnerships last quarter, which means the majority of core compliance work can now be managed in a standardised way.
More workpapers and financial statements in the platform means more tasks that can be completed through one consistent workflow. The result: Faster prep and reviewing, clearer outputs, and smoother, smarter compliance driven by AI insights.
Client Accounting is a fuss-free way to share documents with your clients, without the need for downloads, uploads or manual checks.
Our latest update lets you move completed documents from Client Accounting directly into the Client Workspace in Practice Compliance. This eliminates unnecessary steps in the document sign-off process and reduces manual handling for your team.
If your current sign-off process involves downloading to your server and manually uploading to a file-sharing tool, then saving to your document management system, the new function could save you significant time and energy. If your practice is still printing or scanning documents, it’s even more impactful.
By streamlining document sharing and managing it all in one platform, you reduce the potential human error that comes with uploading and downloading files and sharing via email.
Key benefits:
After a quarter filled with updates, new documents and smart new features, what’s next on the list for MYOB Practice Compliance? The MYOB team has a planned rollout of more workpapers and return functions, helping us — and you — move toward a smooth, full-service cloud platform that meets all your core compliance needs.
As always, we aim to help accounting firms improve productivity, deliver better service to clients, and make life easier for their teams.
Information provided in this article is of a general nature and does not consider your personal situation. It does not constitute legal, financial, or other professional advice and should not be relied upon as a statement of law, policy or advice. You should consider whether this information is appropriate to your needs and, if necessary, seek independent advice. This information is only accurate at the time of publication. Although every effort has been made to verify the accuracy of the information contained on this webpage, MYOB disclaims, to the extent permitted by law, all liability for the information contained on this webpage or any loss or damage suffered by any person directly or indirectly through relying on this information.