Author Archives: admin

Version 2021.01 released

Published by:

Microtax 2021 notes

Some of the main changes in Microtax 2021 as specified by the ATO are as follows:

Form EI:
• P11 Temporary Full Expensing – new data fields:
— Are you making a choice to opt out of Temporary Full Expensing for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— Temporary full expensing deductions.
— Number of assets you are claiming for.
• P12 Backing Business Investment opt out – new data fields:
— Are you making a choice to opt out of Backing Business Investment for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.

Form ET:
• 49 Aggregated Turnover – new data fields:
— Aggregated turnover range.
— Aggregated turnover amount.
• 50 Capital allowances – new data fields:
— Are you making a choice to opt out of Temporary Full Expensing for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— Temporary full expensing deductions.
— Number of assets you are claiming for.
— Are you making a choice to opt out of Backing Business Investment for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— First year accelerated depreciation deductions for assets using Backing Business Investment.
— Subsequent year accelerated depreciation deductions for assets using Backing Business Investment.
— Instant asset write-off deductions for non-small business entities.

Form EP:
• 48 Aggregated Turnover – new data fields:
— Aggregated turnover range.
— Aggregated turnover amount.
• 49 Capital allowances – new data fields:
— Are you making a choice to opt out of Temporary Full Expensing for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— Temporary full expensing deductions.
— Number of assets you are claiming for.
— Are you making a choice to opt out of Backing Business Investment for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— First year accelerated depreciation deductions for assets using Backing Business Investment.
— Subsequent year accelerated depreciation deductions for assets using Backing Business Investment.
— Instant asset write-off deductions for non-small business entities.

Form EC:
• 8 Financial and Other Information – new data fields:
— Opening franking account balance.
— Closing franking account balance.
— Aggregated turnover range.
— Aggregated turnover amount.
• 9 Capital allowances – new data fields:
— Are you making a choice to opt out of Temporary Full Expensing for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— Temporary full expensing deductions.
— Number of assets you are claiming for.
— Are you using the Alternative Income Test?
— Are you making a choice to opt out of Backing Business Investment for some or all of your eligible assets?
— Number of assets you are opting out for.
— Value of assets you are opting out for.
— First year accelerated depreciation deductions for assets using Backing Business Investment.
— Subsequent year accelerated depreciation deductions for assets using Backing Business Investment.
• 13 Losses Information – new data fields:
— Tax loss 2019-20 carried back to 2018-19.
— Tax loss 2020-21 carried back to 2018-19.
— Tax loss 2020-21 carried back to 2019-20.
— Tax rate 2019-20.
— Net exempt income 2018-19.
— Net exempt income 2019-20.
— Income tax liability 2018-19.
— Income tax liability 2019-20.
— Aggregated turnover 2019-20 range.
— Aggregated turnover 2019-20 amount.
— Loss carry back offset.

We suggest you study the facsimile and tagged facsimile documents in the Microtax Manual to become familiar with these changes.

Version 2020.01 released

Published by:

Microtax 2020 notes

Some of the main changes in Microtax 2020 as specified by the ATO are as follows:

Form EI:
• New Income Details Schedule (ID), with the following sections:
— PAYG payments – Australian & exempt foreign employment
— PAYG payments – Foreign employment income
— Employment termination payments (ETP)
— Australian government benefits
— Australian annuities & superannuation income streams (SIS)
— Australian superannuation lump sums (SLS)
— Attributed personal services income (PSI)
— Gross interest
— Dividends
— Employee share schemes (ESS)
— Foreign employment income non-payment summaries
— Foreign entities
— Foreign pensions or annuities
— Other foreign income
— Early stage offsets (non-managed fund)
— Managed fund distributions
— Partnership distributions
— Trust distributions
— Business income statements and payment summaries
— Other income
• New data fields in the Rental Property Schedule (RP):
— Ownership percentage
— Total income amounts, with the client share amounts automatically calculated

Form ET:
• New data fields:
— Item 2G2: “Country by country reporting entity”
— New section 32: “Non-Concessional Managed Investment Trust Income (NCMI)”
— NCMI fields added to section 56 “Statement of Distribution”

Form EP:
• New data fields:
— Item 2G2: “Country by country reporting entity”
— New section 32: “Non-Concessional Managed Investment Trust Income (NCMI)”
— NCMI fields added to section 52 “Statement of Distribution”

Form EC:
• New data fields:
— Item 3G2: “Country by country reporting entity”

We suggest you study the facsimile and tagged facsimile documents in the Microtax Manual to become familiar with these changes.

Enhancements

In addition to the above changes, this release includes the following enhancements:

All forms:
• Fields which receive their data from other parts of the return (including schedules) can’t be edited, and this has long been the case in Microtax. However, we often noticed that people couldn’t tell whether a field was read-only or read-write, leading to confusion. The new Income Details Schedule (ID) in form EI is used to replace a large number of input data fields, so this problem has become even more noticeable in Microtax 2020. Accordingly, we have updated all parts of Microtax to display read-only fields with a light yellow background, making read-only fields immediately obvious.

Form EI:
• The new Income Details Schedule (ID) has so many sections that it can be a little difficult to select the correct one. So we have added the new Schedules QuikLinx, which works like the existing QuikLinx. Both appear on screen automatically when you select form EI from the Main Control Module.
— If you don’t like this behaviour, you can turn it off in the Maintain System Parameters module. Select “Global” and then “General Microtax Parameters” and then set “Disable auto Schedules QuikLinx” to Yes.

Version 2019.01 released

Published by:

Microtax 2019 notes

Some of the main changes in Microtax 2019 as specified by the ATO are as follows:

Form EI:
New data fields:
• Item 24: “Tax withheld – assessable FHSS released amount”
• Items D1 to D15 are now all entered through the new Deductions Schedule (DD).

Form MS:
New data fields:
• Item 7A: “I would like my tax returns made to this account”
• Section F Member information new fields:
— “Proceeds from primary residence disposal”
— “Receipt date”
— “Outstanding limited recourse borrowing arrangement amount”
• Section H: “Crypto-Currency”

Schedule I
New data fields:
• Item 2b: “Are you a small business entity, not a significant global entity and your international related party dealings do not exceed 50% of your current year aggregated turnover?”
• Item 13f: “Cost plus remuneration for R&D type services” (2 fields).
• Item 19a: “Financial arrangement for the purposes of Division 230 that did not give rise to a debt interest for the purposes of Division 974” (9 fields).
• Item 21f: “Exclude tainted interest income from the passive income of a CFC which was an AFI subsidiary” (10 fields).
• Item 22a: “Gross revenue included in the gross turnover of CFCs that have satisfied the active income test.” (2 fields).
• Item 22b: “Gross revenue included in the gross turnover of CFCs that have not satisfied the active income test.” (2 fields).
• Item 23b: “Amounts of notional allowable deduction” (4 fields).
• Item 40d: “Amounts denied under section 160ZZZL of the ITAA 1936” (2 fields).
• Section G: “Hybrid mismatches” (24 fields).

We suggest you study the facsimile and tagged facsimile documents in the Microtax Manual to become familiar with these changes.

Enhancements

In addition to the above changes, this release includes the following enhancements:

All forms:
• We have noticed that not many people seem to know about QuikLinx, which is by far the easiest way to navigate around a tax return. So Microtax now launches QuikLinx automatically when you select a 2019 return from the Main Control Module.
— If you don’t like this behaviour, you can turn it off in the Maintain System Parameters module. Select “Global” and then “General Microtax Parameters” and then set “Disable auto QuikLinx” to Yes.
• “ATO tax return instructions” has been added to the Help menu, as they are no longer available from the ATO in printed or PDF form.

Form EI:
• Prefill download: “&” replaced with “and” for name fields.
• Prefill now also extracts the client address, phone & email address details (if not already defined). This will make it easier for new Microtax users to get up to speed.
• Create SBR file requires entry of a one-time password due to ATO Production Verification Testing (PVT). This will be removed in release 2019.02.

Form ET:
• Trust distribution to beneficiary: DOB is now imported if an individual was selected.

Client database:
• Import of basic client data from Income Tax Client Report added. This will make it easier for new Microtax users to get up to speed.

Maintain system parameters:
• “Update network setup” added to Configure Folders screen. This will make it easier for new Microtax users to configure Microtax for a network server.

General Ledger:
• View audit trail: Record number is now printed.
• Edit Compilation Reports updated to make it easier to use.
• Enter client code: now can’t proceed if client rec not found in client database.

 

Version 2018.09 released

Published by:

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EI:
Dividend prefill data has been tweaked.
PAYGI prepayments and HELP/SSL/TSL/SFSS balances have been added to prefill.

Form AS:
Statement dates for annual reports have been tweaked.
Branch code can now be edited (on the “select statement from statement list” screen).
GST option 2 data was not being written correctly to the SBR file.

Enhancements
This release adds a minor enhancement:

Client database:
Deleting a client record now also deletes the ITR, AS and G/L data. This fixes a problem where deleting a client record and then reusing the client code resulted in the previous client’s tax return data still being present.

Version 2018.08 released

Published by:

Enhancements
This release adds a significant enhancement:

Form AS:
As mentioned previously, the new SBR-only form AS has now replaced the old ELS forms GA, GB, GI and GR (now that the ELS gateway has closed for these forms). This module is now officially released.

Please see the “How to use the new SBR Activity Statement module” document to learn how to use this new module.

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EI:
The SLSP schedule printout has been tweaked.
Lump sum E has been added to prefill.
Schedule A edits have been updated so that invalid chars may be more easily identified.

Version 2018.07 released

Published by:

Enhancements
This release adds a significant enhancement:

Form AS:
The new SBR-only form AS has now replaced the old ELS forms GA, GB, GI and GR (now that the ELS gateway has closed for these forms).

Please see the “How to use the new SBR Activity Statement module” document to learn how to use this.

However, we are not quite ready to release it to everyone. We still need a few testers so we can be ATO certified. If you can help, please contact the Microtax Help Desk ASAP. It shouldn’t take much of your time.

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EI:
There have been a number of fixes for the new Prefill procedure. In particular, Interest and Dividend prefill amounts are now adjusted for the number of account holders/investors.
Payment summaries can now have a WPN (9 digits) as well as an ABN (11 digits).
The View ITR summary has been updated so that it can be printed.

Version 2018.06 released

Published by:

Enhancements
This release adds a number of significant enhancements:

Form EI:
The Download Prefill Data procedure has been added. Please see the “How to download prefill data in Form EI” document to learn how to use this.

Main Control Module:
The Download Updated Microtax Module procedure has been added to the Utilities menu. This will be an easier method of downloading interim Microtax updates (bugfixes etc) than using Internet Explorer to download from our website.

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EI:
In section 8 (Super lump sum payments), the type code was not always stored correctly in the SBR file.
In section 24 (Other income), the value at label V was not being stored correctly in the SBR file.
In Section A1, the Under 18 excepted income code was not being stored correctly in the SBR file.

Version 2018.05 released

Published by:

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EC:
The CGT rollover code was sometimes not being written correctly to the SBR file.

Form MS:
Taxable income or loss was sometimes calculated incorrectly.

Enhancements
This release adds a number of small enhancements:

Form EI:
A help button has been added to the item 12 Employee Share Schemes screen.
The tax estimate now specifically mentions SSL & TSL education debt.

Version 2018.04 released

Published by:

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EI:
A Microtax user kindly pointed out that we were a year early in changing the car expenses rate from 66 to 68 cents per km in v2018.03, so we have changed it back again!

Version 2018.03 released

Published by:

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EI:
ATI was sometimes being calculated incorrectly.
Edit VR.ATO.IITR.000213 fixed when schedule PY exists.
Edit VR.ATO.IITR.000660 added.
Edit VR.ATO.IITR.100043 updated to fix a rounding error.
Car expenses updated from 66c to 68c per km

PLS communications:
The taxpayer’s TFN was being displayed truncated on the validation report.

Version 2018.02 released

Published by:

Bugfixes
This release fixes a number of small bugs reported by clients recently:

Form EC:
Some edits were not showing the tag definition (e.g. V17 for CTR48).

Form MS:
Edit VR.ATO.SMSFAR.436029 fixed.
Edit CMN.ATO.GEN.XBRL03 for SMSFAR396 fixed.
The tagged facsimile document has been updated

Enhancements
This release incorporates the following enhancements:

Form EI:
The “Tax estimate” checkbox has been renamed “NO tax estimate” in Tax Return Facsimile print options. This allows you to suppress printing the tax estimate, which occurs by default.

All returns:
A “Today” button has been added to declarations, to simplify filling them out.

Client database:
Last Resort Recover has been updated to include current year returns as well as prior year returns.

Version 2018.01 released

Published by:

Microtax 2018 notes
Some of the main changes in Microtax 2018 as specified by the ATO are as follows:

Form EI:
New data fields:
o Item 7: “Assessable amount from capped defined benefit income stream”.
o Item D10 “Cost of managing tax affairs” split into 3 fields:
oo “Interest charged by the ATO”
oo “Litigation costs”
oo “Other expenses incurred in managing your tax affairs”
o Item 24 “Other income” new field: “Category 2 (ATO interest)”.
o Item D12: “Did you provide your fund (including a retirement savings account) with a notice of intent to claim a deduction for personal superannuation contributions, and receive an acknowledgement from your fund?”.
o Item T8: “Tax offset carried forward from previous year”.
o Item T9: “Tax offset carried forward from previous year”.

Form EC:
New data fields:
o Item 3: “Base rate entity” (has taken the place of “Small business entity” to apply the reduced tax rate to the company).
o Item 22: “Tax offset carried forward from previous year”.
o Item 23: “Tax offset carried forward from previous year”.

Form ET:
New data fields:
o Item 52: “Non-refundable forward tax offsets” split into 2 fields:
oo “Early stage venture capital limited partnership tax offset”
oo “Early stage investor tax offset”
o Item 55 Distribution Statement:
oo “Early stage venture capital limited partnership tax offset”
oo “Early stage investor tax offset”
o Item 55 Distribution Statement No Beneficiary:
oo “Early stage venture capital limited partnership tax offset”
oo “Early stage venture capital limited partnership tax offset carried forward from previous year”
oo “Early stage investor tax offset”
oo “Early stage investor tax offset carried forward from previous year”

Form MS:
New data fields:
o Item 13 Calculation statement:
oo “Early stage venture capital limited partnership tax offset carried forward from previous year”
oo “Early stage investor tax offset carried forward from previous year ”
o Section F Member information new fields:
oo “Accumulation phase account balance”
oo “Retirement phase account balance – non CDBIS”
oo “Retirement phase account balance – CDBIS”
oo “Accumulation phase value”
oo “Retirement phase value”

Form EF:
New data fields:
o Item 12 Calculation statement:
oo “Early stage venture capital limited partnership tax offset carried forward from previous year”
oo “Early stage investor tax offset carried forward from previous year ”

Schedule I:
New data fields:
o Item 13f: “R&D and overseas intangibles” (3 fields).
o Item 19a: “Hybrid instruments” (3 fields).
o Item 21: “CFCs and CTFs” (11 fields).
o Item 23: “Attribution income of CFC” (15 fields).
o Item 28: “Non resident trusts and foreign hubs” (4 fields).
o Item 29: “Cross border hybrid entities and instruments” (13fields).
o Item 30b: “Thin capitalisation” (3 fields).
o Item 37: “Intangible items” (4 fields).
o Item 40: “Foreign bank” (11 fields).

We suggest you study the facsimile and tagged facsimile documents in the Microtax Manual to become familiar with these changes.

Version 2017.15 released

Published by:

Bugfixes
This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EC:
The length of the taxpayer signatory identifier field has been corrected.

Form ET:
The franked distributions total amount in the Distribution Statement has been corrected for franked distributions from trusts (VR.ATO.TRT.432179).
Edits VR.ATO.TRT.432079 and VR.ATO.TRT.43235 have been fixed.

Form MS:
Edit VR.ATO.SMSFAR.436069 has been fixed.
Item 13 label J now forced to ‘0.00’ if nothing entered; this is a mandatory field that several people have had trouble with.

Form EP:
The Rent Schedule SBR file was sometimes not being generated correctly.

Enhancements
This release incorporates the following enhancement:

Form MS:
The item 10 screen has been updated with usage notes from the print facsimile.

In particular, this clarifies that if label E is set to No, then Section B (Income) should not be completed. New SBR edits now check for this, although the wording of the edits is not particularly clear.

Note that this behaviour is different to ELS, which previously allowed this combination of data fields to be entered, despite what was shown on the print facsimile.

Version 2017.14 released

Published by:

Enhancements
This release incorporates the following major enhancements:

Forms MS, ET and EF:
These returns are now SBR only.

Client database:
“View lodged returns list” has been added to the main menu.

Bugfixes
This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EI:
The HECS Repayment Income amount calculation has been fixed for negative taxable incomes in the Tax Estimate.
The “Study and Training Support Debt” section has been added to the tax estimate audit trail.

 

Version 2017.13 released

Published by:

This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EP:
Edit VR.ATO.PTR.430051 has been fixed.

General Ledger:
Extra debugging code added to Read Trial Balance Prev YTD report.

 

Version 2017.12 released

Published by:

Enhancements
This release incorporates a number of enhancements:

Main Control Module:
The Windows Short Date format is now checked at startup. This was added when we became aware that at least one client did not have the correct settings in Windows, which was causing mysterious errors in Microtax.

Microtax Manual:
The “SBR tagged facsimile” menu item has been added to the “ATO forms” menu.

Bugfixes
This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EP:
Edit VR.ATO.GEN.1914 has been fixed.

Form MS:
The calculation statement was not correct under some circumstances.· In the print facsimile, schedule BW questions 8F & 8G have been reworded for super funds.

Form EC:
The calculation statement was not generating correctly in the SBR file under some circumstances.

Client Database:
Get Dates Lodged was giving an error if the lodgment logfile wasn’t found..

 

Version 2017.11 released

Published by:

Enhancements
This release incorporates the following major enhancements:

Main Control Module:
“Transfer SBR files” and “PLS communications” buttons are now displayed.

Microtax manual:
The “SBR tagged facsimile” menu item has been added.

Form EP:
The Partnership Tax Return is now SBR only.

Bugfixes
This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EI:
The Work Related Expenses schedule was sometimes not being accepted by the ATO.
V35 edit for ^KJZ added.

Version 2017.10 released

Published by:

This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EI:
Unearned Income of a Minor tax scales have been updated.
Work Related Expenses screens & printout cleaned up a little.

Several modules:
Labels 8F and 8G have been added to the Capital Gains schedule.

 

Version 2017.09 released

Published by:

This release incorporates a number of fixes for bugs that have been reported by users recently:

Form EI:
ETP tax rates have been corrected.
The tax estimate “Total other rebates and credits” amount was not including Lump Sum A rebate.

Several modules:
Some screens were not being displayed properly on computers that were set to large fonts.

Version 2017.08 released

Published by:

This release incorporates a fix for a problem that was reported by several users over the last few days:

A number of modules were reporting the error “Unable to locate file \MTPARAM.DAT”. This update should correct that issue.

 

Version 2017.06 released

Published by:

Bug Fixes
This release incorporates a number of fixes for bugs that have been reported by users recently.

1. Form EI
Invalid suburb name edit V210B was sometimes incorrectly reported.

2. Maintain System Parameters
The AUSkey password was sometimes not saved correctly.

3. Client database
All reports cleaned up and a number of formatting bugs fixed.

4. Depreciation schedule
Assets purchased more than a year ago were sometimes being depreciated at an incorrect rate.

Enhancements
This release also incorporates a number of small enhancements.

1. Form EI
As requested by a user: “Would it be possible to have the Medicare levy surcharge amount as a separate amount under the normal levy on the estimate page. This would give my clients a clear indication of the extra tax they are paying when they choose not to have PHI.”

2. Most modules
The Enter Client Code screen has been updated to make your data entry options more obvious.

Version 2017.04 released

Published by:

Bug fixes
This release incorporates a number of fixes for bugs that were inadvertently introduced in the last update.

1. Client Long Codes
The automatically generated client Long Codes sometimes left space characters in the code.

2. Some screens not displaying properly
Some screens (such as “Transfer ELS files”) were not displaying properly.

3. Form EI
Erroneous PAYG entry #21 was sometimes rolled over from 2016, causing problems.

Enhancements
This release also incorporates a number of small enhancements.

1. Facsimile print options
Facsimile print options for all tax returns are now saved individually for each client.

2. Data restore options
Data restore options are now also saved, thus making backups/restores easier since you most likely would use the same options every time you did a restore. This is particularly useful for clients who use Dropbox to transfer data between computers.

Version 2017.03 released

Published by:

This release incorporates a number of usability enhancements.

1. Tax Estimate automatically prints after Tax Return Facsimile.
As requested by a user: “Why not include the Tax Estimate as part of Tax Return print when printing a complete tax return for a client. This is easy when emailing tax return to a client rather than doing two emails to them.”

2. Enter Key page accept.
One Microtax feature that long-time users particularly love is the ability to accept the data on just about any page by simply pressing the Enter key (instead of clicking the OK button).

However, we have become aware that some new Microtax users have difficulty with this, not being fully aware what is happening or why.

Therefore we have added the ability to turn this feature off. You can, of course, turn it back on anytime you wish.

Follow this procedure:

  • On the Main Control Module top menu, select “Utilities” and then “Maintain system parameters”. This starts the Maintain System Parameters Module.
  • On the Maintain System Parameters Module top menu, select “Global” and then “General parameters”.
  • Change “Disable Enter Key page accept” to Yes.

3. Enter Unlock Code.
The Enter Unlock Code screen has been made more intuitive.

4. Client Alpha Code and Long Codes
The formats of the automatically generated client Alpha Codes and Long Codes have been updated.

 

Version 2017.02 released

Published by:

This release fixes a number of small bugs reported by clients this week:

Form EI:

  • Rolling in last year’s rental schedule was not working correctly.

Depreciation schedule:

  • Rolling in last year’s rental schedule was not working correctly.

Version 2017.01 released

Published by:

Microtax version 2017.01 has been released, fully updated for Tax Time 2017.

There have been a number of small bugfixes and enhancements in this release, including:

All modules:

  • As requested by a client, “I sometimes do multiple years for clients, where they are behind in their income tax returns. This entails swapping between 2 or 3 years programs. It sometimes gets confusing which year you are working in.” In response, we have updated Microtax 2017 so that the caption bar at the top of every screen now shows the tax return year.

Form EI:

  • The Tax Withheld amounts were not being printed correctly in item 3 “Employer lump sum payments” of the facsimile.

General Ledger:

  • As requested by a client, a new Financial year start and end has been added: “3 = May to April (Alternative)”.

Version 2015.09 released

Published by:

This release fixes a bug that was reported by a client a few days ago:

  • Forms GA, GB & GI: After unsetting PAYG Option 1 or 2, calculation total 5A was not being cleared. This has now been corrected.

Version 2015.07 released

Published by:

This release fixes a bug that was reported by two clients a day or so ago:

Form EI: Under some circumstances, the Private Health Insurance Rebate Adjustment amount was not being calculated correctly.

  • One of the scenarios encountered was for clients that turned either 65 or 70 during the financial year.
  • Another scenario was where an older husband and younger wife had separate policies. The wife had a PHI debit on the original estimate since she was in the lower rebate age bracket, but she was entitled to the same rebate as him despite her age.

We were very pleased to be able to release this fix within two days of it being reported.

Version 2015.06 released

Published by:

This release fixes a bug that was inadvertently introduced in release 2015.05:

  • On all forms, clicking the help button (“?”) on all forms was causing Microtax to freeze.

We’re very pleased we were able to send this fix out within an hour of it being reported. This really shows the benefit of our new web update method. As we said in the 2015.02 newsletter: “This will enable us to release important updates and bugfixes much faster than in the past.”

Version 2015.05 released

Published by:

The data backup and restore procedures in Microtax have been significantly updated in this release.

Major changes include:

  • Now optimized for backing up to hard disk and USB memory stick, not just floppy disk.
  • Hard disk backups now also copy your tax return and general ledger data.
  • Up to 26 hard disk backup sets (meaning that multiple backups can be made to the same hard disk).
  • A simplified method of sending your hard disk backups offsite, in case your office burns down.
  • Incremental backups (meaning that only files that have changed since the last backup are copied).

For full instructions on how to do backups, please read the “Backing Up Data” topic in the Microtax Manual. There are also some great tips there to help you organize and get the best out of your backups.

Windows 10
As mentioned in the last newsletter, Microtax is now fully Windows 10 compatible. However, if you upgraded your computer from Windows 7 (or XP or earlier), then you need to reinstall your Cisco VPN software. We have written a complete set of instructions on how to do this. Please contact us at the Help Desk and we will send the instructions out to you.

Bugfixes
There was one minor bug reported by a client that has been fixed in this release:

  • Form EI: The wording for label T5 has been corrected.

Version 2015.04 released

Published by:

Microtax version 2015.04 has been released.

The main change is that Microtax has now been updated to be fully compatible with Windows 10, which was released by Microsoft last week. Our initial impression is that Windows 10 looks very stable, and much easier to use than Windows 8.

In addition, there were a number of bug fixes in Microtax:

  • Form ET: In the statement of distribution, franked distributions (label U) were erroneously included in non-primary production (label B).
  • Forms EF and ET: Item J in Part F of the Losses Schedule was not calculating or printing correctly.
  • Client database: The occupation description field (individual client part 2) has been re-enabled.
  • BAS statements: Negative (refund due) totals were sometimes not displaying correctly.

Version 2015.03 released

Published by:

Microtax version 2015.03 has been released, with the following bug fixes:

  • Form EC: Item J in Part F of the Losses Schedule was not calculating or printing correctly.
  • Form EI: The Next/Previous buttons were missing from the work-related deductions screens (D1 etc).
  • ELS Communications: Additional error checking has been added to cut down on the number of Autels errors that some clients have reported. Also, the Lodge button is no longer enabled if there are no files to send.

 

We have already received some great feedback from a client on our new ‘web update’ feature:

“The new upgrade procedure has worked perfectly on both my Windows 7 desktop and Windows 8 laptop. A wonderful and speedy improvement. Thank you.”

Version 2015.02 released

Published by:

Microtax version 2015.02 has been released, with the following changes:

  • New “web update” method of upgrading Microtax added
  • Screens revised to make them readable on small monitors (640 x 480)
  • A number of minor bugs fixed