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Preparing a tax return

This page includes an overview of some of the tax return preparation steps. For the full, detailed workflow, see Compliance workflow.

The Compliance list is where you'll create, access and keep track of the progress of your client's tax returns. You can go to this page by clicking Compliance in the top menu bar.

Adding a tax return

If you had a return for your client for the previous year on 31 March:

If there isn't already a tax return in MYOB Practice, you can still add a return. If a return existed for the client in the previous year, data will roll over data when you add the return. If there's no return in the previous year, you can manually add and complete the return.

Entering data into a tax return

Once you've added a tax return, you can enter data into the return. We'll pre-fill some of the fields in the tax return with provisional tax data from tax notices and transactions from Data reconciliation. Some data is also pre-populated and you can distribute data between returns.

Once you approve the tax return, it will be locked to prevent changes unless you send it for rework. Once the return is filed, you can't make any further changes.

Tips for completing fields

Here are some helpful things to keep in mind when completing fields in different types of tax returns.

Checking for errors

As you complete certain fields in the tax return, we'll check it for errors. If we detect an error, the field displays red, and a message appears below the field so that you can fix it straight away.

A red field with a message beneath it saying "Taxable activity start date should be within the tax return period"

Adding attachments, workpapers and schedules

You can add attachments to send to Inland Revenue or use tax workpapers and schedules to help you calculate amounts.

Syncing data

As you progress through the tax return workflow and statuses, some data will sync between the tax return, tax notices and data reconciliation. But you can sync this data at any time.

Validating a tax return

Although we check for errors at an individual field level as you complete the tax return, there are errors that we can't detect until you've finished filling in the tax return. So before sending it to your client, click the Validate button as a final check to ensure the tax return has been completed according to the Inland Revenue rules and legislation.

This check looks at the tax return and attachments as a whole and takes into consideration the overall business logic.

To solve common errors that you can receive when validating a return, check the errors and warnings page.

What's next?

Once you've completed and validated the tax return, it's time to send the tax return for internal review and approval. This is the final check before you send the tax statement to your client for signing.

Even if you don't have a co-worker review your work, you must go through the review and approval steps in order to file a tax return online.

See Sending a tax return to a client for information.