HandiHints Archive

Welcome to our HandiHints Article Archive.
Below are previous tax year articles for your reference.

2010 / 2011 Tax Year

Ref # HHTOC

HandiHints: Issue 1 (2010 Tax Season)

July 2010

HandiTax: Item IT 6 and low value pool deductions

Item IT 6 forms part of the Income Test items. This item relates to the net loss, if any, from any rental property owned.

A component of the net rental loss is the sum of the low-value pool deductions relating to rental properties from item D6 and / or item P8.

HandiTax: Warnings and Income Tax Returns

Warning messages, are intended to alert you that corrective action may be required, as the data entered or not entered into the income tax return may not be correct.

Warning messages, unlike validation errors do not prevent lodgement of the income tax return as they are only indicative of a potential issue

Time+Billing: Job Reconciliation and WIP Reconciliation Report

The Job Reconciliation Report allows you to reconcile each client's job, to see how much work on the job is still billable.

The WIP Reconciliation Report shows you the Total WIP up to a certain date that you have done for a client.

HandiTax: ATO PreFill Report Functionality

The ATO allows you request a Pre-Filling report containing your client's income details from their Tax Agent Portal view. The report can be viewed online or downloaded to your computer.

As with prior years we expect to have the ATO Pre Fill functionality early in August 2010, in line with the expectation that it will take some time for the ATO to gather and have sufficient information to make the prefill useful.

HandiHints Issue: 3 (2010 Tax Year)

September 2010

Displaying the Client's Billable Amount in the "Client" Window

Time+Billing allows you to display the clients' billable balances in the "Clients" window.

More

Report Descriptions: Using Help for more details

A number of reports in Time+Billing now include additional "Report information" for that report in the Help functionality.

This information can be accessed in two ways:

Tax Return reports

HandiTax allows you to run a number of master reports based on the contents of your tax returns.

The example below shows you how to run a report that will display all the members of your Self Managed Super Funds. The information displayed in the report is based on the data you have entered in your returns

Ref # HH201003

HandiHints Issue: 4 (2010 Tax Year)

October 2010

SuperFund: Members Allocation WorkSheet

The Member Allocation Worksheet is used for funds with members in pension mode. The various allocation amounts are used to match member accumulation and pension allocations with the fund's actuary percentage and pension exempt income

SuperFund: Tax Payable and Refundable and PAYG Instalments

This article explains how SuperFund works with Tax Payable and Refundable and PAYG Instalments.

Time+Billing: Importing Disbursements from an ASCI File

Time+Billing gives you the ability to import disbursemnets from an ASCII file. This is useful if you want to import charges from BankLink.

Ref #HH201004

HandiHints Issue: 5 (2010 tax Year)

November 2010

HandiTax: Lodgement action list

The Report Navigator in HandiTax allows you to generate an Action List report. HandiTax's Action List is a list of tax returns that have been accepted and rejected by the ATO. You can use the list to ensure that rejected tax returns are relodged by your practice.

HandiLedger: Statement of Comprehensive Income

Handiledger allows you to generate a Statement of Comprehensive Income for entities that are marked as Reporting and having adopted IFRS.

More

SuperFund: Expenses paid by members as contributions

SuperFund allows you to allocate expenses, paid by members as part of contribution, as a contribution rather than being processed through the Superfund's bank account..

Ref#HH20105

HandiHints Issue: 3 (2011 Tax Year)

September 2011

HandiLedger:Duplicating Transactions

HandiLedger allows you to duplicate a transaction in either the current year or the following year. This is useful when you have a transaction that is either repeated or has similar text and values, that once duplicated, you can just make the neccesary changes. More

SuperFund: Share Consolidations and Splits

SuperFund allows you to process share consolidations and splits. This is best illustrated using the following example. More

HandiSecurity: Importing User Options

HandiSecurity allows you to import options from another user. This can be done for all or just selected programs. More

More HandiLedger Knowledge Base Articles

More SuperFund Knowledge Base Articles

More HandiSecurity Knowledge Base Articles

HandiHints Issue: 4 (2011 Tax Year)

October 2011

Practice Manager - Contact: Client Centric Notes Tab

Practice Manager has a tab for Notes to make the notes you have created for your clients easier to create, read and view. More

SuperFund: Loans to and from the SuperFund

SuperFund allows you to enter loans made to the fund, or loans the fund has made to other parties. More

HandiTax: Amended Tax Return

For 2011 and future years, the ATO will accept electronic amendments for Individual, Partnership, Trust, Company, Fund and Self Managed SuperFund tax returns. More

More Practice Manager - Contact Knowledge Base articles

More HandiTax Knowledge Base articles

HandiHints Issue: 5 (2011 Tax Year)

November 2011

HandiSecurity / HandiTax: Preventing users editing tax returns

If you use HandiSecurity, you can prevent Users from making changes to a return that's status is post-lodge in HandiTax. More

HandiLedger: Individual or CorporateTrustees for the Trust Declaration

HandiLedger allows you to choose between individual and corporate trustees for the Trustee Declaration. More

HandiRegister:Change to Special Purpose company

HandiRegister allows you to create a Form 484 to advise ASIC of a change to the status of a Special Purpose Company. More

More HandiSecurity Knowledge Base articles

More HandiTax Knowledge Base articles

More HandiLedger Knowledge Base articles

More HandiRegister Knowledge Base articles

HandiHints Issue: 6 (Tax Year 2011)

January 2012

General: Batch Tag Clients

A number of the HandiSoft programs allow you to tag a batch of clients using certain conditions. More

HandiLedger: Navigating around the complete report using hyperlinks

Hyperlinks have been included in the complete report to allow you to navigate between the contents page and the reports. More

HandiTax: Tax Estimate Shows Negative Medicare Levy Surcharge

If your client's tax estimate shows a negative Medicare Levy Surcharge. More

More HandiLedger Knowledge Base Articles

More HandiTax Knowledge Base articles

HandiHints Issue: 7 (Tax Year 2011)

February 2012

Linking Documents in Document Manager to the Entity's Year in HandiLedger (HandiLedger / Document Manager)

HandiLedger allows you to link Documents in Practice Manager - Document Manager to a specific year for an Entity in HandiLedger for ease of reference. More

Tax Return Summary Report (HandiTax)

HandiTax allows you to display a summary report of the tax return, with the option to display the current and prior years summary data in a single report. More

Tax Payments paid in installments and /or adjusted (SuperFund)

This article illustrates how to process tax payments that have been paid in instalments and / or have been adjusted. More

More HandILedger Knowledge base articles

More Document Manager Knowledge Base articles

More HandiTax Knowledge Base articles