RELEASE NOTES. Reckon APS Tax Manager & Elite Forms. Version

Transcription

1 RELEASE NOTES Reckn APS Tax Manager & Elite Frms Versin

2 Release Ntes Reckn APS Tax Manager & Elite Frms Authr Created and Published by Reckn Limited Level 2, 100 Pacific Highway Nrth Sydney NSW 2060 Australia ACN All Rights Reserved Cpyright 2018 Reckn Limited Cpyright & Trademarks N part f these materials may be reprduced r transmitted in any frm r by any means, including phtcpying, withut written permissin f Reckn Limited. Every effrt has been made t ensure the accuracy and cmpleteness f this manual. Hwever, neither Reckn Limited, its subsidiaries, emplyees and agents, are liable fr any errrs r missins. This dcument shuld nt be relied n as a detailed specificatin f the system. In additin, Reckn Limited reserves the right t issue revisins, enhancements and imprvements t Reckn APS sftware r any ther Reckn sftware at any time withut ntice. Every effrt will be made t ensure that the manual is updated cncurrently, and that the user is nt incnvenienced as a result f any change. Reckn, Reckn lgs, R lgs, Reckn APS, Advance and Accuntable Technlgy are trademarks f Reckn Limited. Reckn Limited PAGE 2 OF 10

3 Release Ntes Reckn APS Tax Manager & Elite Frms Cntents Befre Yu Begin... 4 Reference Numbers... 4 Knwledge Article... 4 Imprtant infrmatin... 5 Reckn Elite 2018 Prducts... 5 Imprvement & Enhancements... 5 Small Business 15 Year Exemptin... 5 Event Cde cnverted int a drp-dwn selectin... 5 Reckn Elite 2017 Individual Incme Tax Return (IITR)... 6 Cnslidated Grups Ntificatin f Frmatin and Member Entrance/Exit (CGNFT).. 6 Implemented internal validatin rule... 6 Issues Addressed... 7 Reckn Elite 2018 Individual Incme Tax Return (IITR)... 7 Reckn Elite 2018 Cmpany Tax Return (CTR)... 7 Reckn Elite 2018 Trust Tax Return (TRT)... 7 Reckn Elite 2017 Trust Tax Return (TRT)... 7 Reckn Elite 2018 Self-Managed Superannuatin Fund Annual Return (SMSFAR)... 7 Internatinal Dealings Schedule (IDS)... 8 Answer n Item Q27 f the Main Frm gets cleared... 8 Q17 f the IDS is nt cleared crrectly... 8 SBR Errr is firing due t Q21 f the IDS... 8 IDS SBR Errr is firing incrrectly due t Q11G... 9 IDS Other general issues... 9 SBR Errr is firing incrrectly due t unrecgnized valid cuntry... 9 IITR Taxpayer incrrectly identified as being f preservatin age... 9 Range check errr in Item A Prevented multiple CGT exceptin r rllver cdes frm being selected Reckn Limited PAGE 3 OF 10

4 Release Ntes Reckn APS Tax Manager & Elite Frms Befre Yu Begin This dcument cntains infrmatin n the changes made in Tax since the Reckn APS Tax Manager & Elite Frms release. Reference Numbers Items in this dcument may be prefixed by a reference number. Frm time t time a Reckn staff member may advise a numeric reference t an utstanding issue r enhancement request. Once that change has been released, the release ntes dcument will include the reference and an explanatin f the change. Knwledge Article Fr details f knwn issues refer t the MyAPS website. Reckn Limited PAGE 4 OF 10

5 Release Ntes Reckn APS Tax Manager & Elite Frms Imprtant infrmatin Reckn Elite 2018 Prducts The fllwing prducts are new fr Tax Time 2018: Individual Incme Tax Return (IITR) and Partnership Tax Return (PTR) and Trust Tax Return (TRT) and Cmpany Tax Return (CTR) and Self-Managed Superannuatin Fund Annual Return (SMSFAR) and Superannuatin Fund Incme Tax Return (FITR) and Fringe Benefit Tax (FBT) and Lcal File and Master File (LCMSF) Family Trust Electin/Revcatin (FTER) Interpsed Entity Electin (IEE) Attributin Managed Investments Trust (TRTAMI) and Imprvement & Enhancements Small Business 15 Year Exemptin Event Cde cnverted int a drp-dwn selectin The fllwing applicatin changes have been made fr the fllwing return types: Reckn Elite 2018 Individual Incme Tax Return (IITR) Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2017 Cmpany Tax Return (CTR) Reckn Elite 2018 Trust Tax Return (TRT) Reckn Elite 2017 Trust Tax Return (TRT) Reckn Elite 2018 Self-Managed Superannuatin Fund Annual Return (SMSFAR) Reckn Elite 2017 Self-Managed Superannuatin Fund Annual Return (SMSFAR) Reckn Elite 2018 Fund Incme Tax Return (FITR) Reckn Elite 2017 Fund Incme Tax Return (FITR) Reckn Limited PAGE 5 OF 10

6 Release Ntes Reckn APS Tax Manager & Elite Frms Reckn Elite 2017 Individual Incme Tax Return (IITR) The fllwing applicatin changes have been made within this versin: Remved the Temprary Budget Repair Levy frm the ntinal tax calculatins. Cnslidated Grups Ntificatin f Frmatin and Member Entrance/Exit (CGNFT) Implemented internal validatin rule The fllwing applicatin changes have been made within this versin: Implemented an internal validatin rule t require the cmpany ABN t be present when a CGNFT schedule is present, as per the SBR requirements. The fllwing applicatin changes have been made fr the fllwing return types: Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2017 Cmpany Tax Return (CTR) Reckn Limited PAGE 6 OF 10

7 Release Ntes Reckn APS Tax Manager & Elite Frms Issues Addressed Reckn Elite 2018 Individual Incme Tax Return (IITR) Crrected an issue in the Nn-Resident Freign Incme schedule where amunts entered via the simple self-assessment methd were nt runding crrectly. Crrected an issue with ETP/SLS calculatins where the calculatin culd still include an amunt f temprary budget repair levy incrrectly. Crrected an issue which culd cause validatin rule IITR t incrrectly appear when carry frward lsses had been applied at L1. Crrected the printut f the Early stage investr & Early stage venture capital limited partnership items. Crrected a typ in the printing f item D10. Crrected the threshld used in the calculatin f the Higher Incme Superannuatin Charge, which culd cause it t calculate incrrectly. Crrected an issue with Incme item 7 Australian annuities and superannuatin incme streams which culd cause the incrrect amunts t flw thrugh t item T2. Crrected a runding issue which culd cause validatin errr IITR when the simple self-assessment methd was selected in the Nn-Resident Freign Incme schedule. Reckn Elite 2018 Cmpany Tax Return (CTR) Crrected an issue n the calculatin statement where Item D Nn- refundable carry frward tax ffsets was nt shwing the amunts f carried frward tax ffsets fr Early stage venture capital limited partnerships. Reckn Elite 2018 Trust Tax Return (TRT) Crrected an issue n the Nn-Refundable carry frward tax ffsets summary screen where the amunts shwn n the summary included amunts f carried frward tax ffsets. Reckn Elite 2017 Trust Tax Return (TRT) Crrected printing f the Franked Distributins amunt fr Beneficiary 2. Reckn Elite 2018 Self-Managed Superannuatin Fund Annual Return (SMSFAR) Crrected an issue in the Member Statement which culd cause the TRIS cunt t be cleared when revisited if 0 was entered. Reckn Limited PAGE 7 OF 10

8 Release Ntes Reckn APS Tax Manager & Elite Frms Internatinal Dealings Schedule (IDS) Answer n Item Q27 f the Main Frm gets cleared An issue in the IDS schedule has been reslved which culd cause Q27 f the main return t be cleared depending n the answer t Q1A and Q1B f the IDS schedule which affects the fllwing returns: Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2017 Cmpany Tax Return (CTR) Reckn Elite 2018 Partnership Tax Return (PTR) Reckn Elite 2017 Partnership Tax Return (PTR) Reckn Elite 2018 Trust Tax Return (TRT) Reckn Elite 2017 Trust Tax Return (TRT) Q17 f the IDS is nt cleared crrectly Crrected an issue which culd cause the answer t Q17 f the IDS schedule t nt be cleared crrectly, if the answer t Q2 was later changed. This culd cause validatin rule IDS t be triggered incrrectly which affects the fllwing returns: Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2017 Cmpany Tax Return (CTR) Reckn Elite 2018 Partnership Tax Return (PTR) Reckn Elite 2017 Partnership Tax Return (PTR) Reckn Elite 2018 Trust Tax Return (TRT) Reckn Elite 2017 Trust Tax Return (TRT) SBR Errr is firing due t Q21 f the IDS IDS Crrected the behaviur f Q21 f the IDS schedule which culd cause validatin rule IDS t be triggered. If Q21A is nw answered as N, the remaining questins at Q21, Q22 and Q23 are nw cleared and disabled as per the instructins which affects the fllwing returns: Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2018 Partnership Tax Return (PTR) Reckn Elite 2018 Trust Tax Return (TRT) Reckn Limited PAGE 8 OF 10

9 Release Ntes Reckn APS Tax Manager & Elite Frms SBR Errr is firing incrrectly due t Q11G IDS Crrected an issue in the IDS schedule which culd cause validatin errr IDS t be triggered incrrectly when Q11G has been cmpleted which affects the fllwing returns: Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2017 Cmpany Tax Return (CTR) Other general issues SBR Errr is firing incrrectly due t unrecgnized valid cuntry IITR Crrected an issue which prevented Suth Krea being recgnised as a valid cuntry in the address fields. When selected, this wuld cause an IITR errr which affects the fllwing returns: Reckn Elite 2018 Individual Incme Tax Return (IITR) Reckn Elite 2017 Individual Incme Tax Return (IITR) Taxpayer incrrectly identified as being f preservatin age Crrected an issue which culd cause sme taxpayers t be incrrectly identified as being f preservatin age when calculating Superannuatin Lump Sum ffsets which affects the fllwing returns: Reckn Elite 2018 Individual Incme Tax Return (IITR) Reckn Elite 2017 Individual Incme Tax Return (IITR) Range check errr in Item A3 Crrected an issue which culd cause a range check errr in item A3 which affects the fllwing returns: Reckn Elite 2018 Individual Incme Tax Return (IITR) Reckn Elite 2017 Individual Incme Tax Return (IITR) Reckn Limited PAGE 9 OF 10

10 Release Ntes Reckn APS Tax Manager & Elite Frms Prevented multiple CGT exceptin r rllver cdes frm being selected Crrected an issue which culd prevent multiple CGT exemptin r rllver cdes frm being selected in the schedule which affects the fllwing returns: Reckn Elite 2018 Individual Incme Tax Return (IITR) Reckn Elite 2017 Individual Incme Tax Return (IITR) Reckn Elite 2018 Cmpany Tax Return (CTR) Reckn Elite 2017 Cmpany Tax Return (CTR) Reckn Elite 2018 Trust Tax Return (TRT) Reckn Elite 2017 Trust Tax Return (TRT) Reckn Elite 2018 Self-Managed Superannuatin Fund Annual Return (SMSFAR) Reckn Elite 2017 Self-Managed Superannuatin Fund Annual Return (SMSFAR) Reckn Elite 2018 Fund Incme Tax Return (FITR) Reckn Elite 2017 Fund Incme Tax Return (FITR) Reckn Limited PAGE 10 OF 10