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HandiTax SQL

Version 1.06

Version: 2014 Version 1.06

Released: 11 September 2014

Download Update File

UPDATE INFORMATION

It is important that you have installed Version 1.00 of this software from the 2014 v1.00 CD before applying this web update.

PRODUCT CHANGES

  • The Minerals Resource Rent Tax Repeal and Other Measures Bill 2014 has been passed by Parliament
    • Instant asset write-off threshold reduced to $1,000 from $6,500 (acquired and installed ready for use after 31 December 2013).
    • Motor Vehicle Accelerated Depreciation discontinued (acquired and installed ready for use after 31 December 2013).
    • Company loss carry-back provisions discontinued.
Important Note - Affected taxpayers should lodge an amended 2014 tax return. To help identify these taxpayers/entities we have added
  • New report 'Depreciation Instant Asset Write Off Entries => $1,000'.
  • New report 'Depreciation Motor Vehicle Accelerated Depreciation'.
  • New filter 'Clients With Form C Loss Carry Back'.
Further Information - refer to Minister for Finance announcement http://www.financeminister.gov.au/media/2014/0909-repeal.html
  • Added new function "Create a return from ATO prefill file"
    • Create a new 'Individual Client' and 'Form I' based upon information contained within the XML Prefill file.
    • Access via the Edit menu.
  • Tax estimate updated for the Net Medical Expenses Offset whereby a family threshold applied where spouse was only part year but present on June 30.
  • 'View ATO Copy' updated for Form I whereby Private Health Funds appear on an Other Attachments Schedule (where necessary).
  • CGT Schedule updated so overall Net Capital Gain (Item 6A) will only calculate when amounts entered pertain to a CGT event.
  • Individual Offsets Worksheet updated for Item T2, with a rollover flag to check eligibility.
  • Previewing a Custom Estimate 'Header' or 'Disclaimer' has been adjusted so the margins now reflect the tax estimate preview.
  • 'ATO Business Activity List OI (Detailed)' report (RPTAI) updated whereby the Commissioner's rate, ATO Instalment Amount & Commissioner Instalment Amount will only display when a value is present.
  • Pre-fill import updated so ATO PAYG Instalment credits now correctly recognise negative values.

Version 1.05

PRODUCT CHANGES

  • Form I updated
    • Rollover flag added to Item T2 to check eligibility.
    • T1, T5 & T7 warnings added where ATI over $150,000 and offset entered.
    • Foreign Income warning added when Net Foreign Employment Income Payment Summary has been entered.
  • Form I's linked by 'Related Ref' will, as a priority, transfer income values where the same ELS batch number is present
    • Where linked returns do not have the same ELS batch number the highest sequenced return takes priority when transferring income values.
  • Point and Claim import functionality updated
    • "refresh" button has been added to Tax Form Details window.
    • Now connecting using SSL.
  • 2014.10 ELS specification changes
    • Private Ruling no longer accepted by ELS from 1 September 2014.
  • 'ATO Business Activity List OB (Detailed)' report (RPTAB) updated
    • GST Method corrected to display 'Cash' or 'Non-cash (accruals)'.
    • Commissioner's rate & ATO Instalment Amount only display when a value is present.
  • Change of memory handling to resolve minor memory leakage in certain situations.

Version 1.04

PRODUCT CHANGES

  • Form I updated
    • Dividend refund returns access violation error when selecting has been fixed.
    • Net Medical Expenses Offset calculation adjusted for the upper expenses threshold.
    • Item 15 now appears correctly after printing return.
  • Pre-fill import updated
    • Heading and sub-heading layout has been improved.
    • New "subject to rounding" headings on the report.
  • Point and Claim import functionality updated
    • No longer attempts to sync for dividend refund and brief data entry returns.
    • Sub category field on the report now works correctly.
  • Report OM (RPTOM) corrected to import ATO instalment figure.
  • 'ATO Business Activity List OB (Detailed)' report (RPTAB) updated to allow commissioner's rate less than 1.00 to be displayed.
  • Display Schedule Information window updated so it is no longer visible whilst previewing reports on-screen.
  • Private Ruling Form ER preview issue corrected.
  • Macro functionality updated to work correctly when exiting forms and schedules.
  • F1 Help updated.

Version 1.03

PRODUCT CHANGES

  • Added Pre-fill Report 2014 functionality
    • XML files (from portal) can be imported into HandiTax.
    • File path is specified via Options / Tax Form Options / Prefill report path.
    • Content & layout changes per ATO Pre-filling Report 2014 specification
      • Tax Estimate includes outstanding HELP/SFSS and PAYG credit(s).
      • Private Health Fund details now prefill into tax return.
      • Share disposals now prefill into Capital Gains Worksheet(s).

IMPORTANT NOTE - Pre-fill data should not be relied upon exclusively and may be incomplete. Pre-filled data must be reviewed prior to lodgment.

  • V2657 updated for situations where AWG (Net Capital Gain) is blank.
  • V2701 updated for Form MS.
  • V337a and V337b updated for Form ET.
  • Franking Account Worksheet updated
    • Positive balance transfers to Form EC Item 8M.
    • Negative balance generates a general warning.
  • Dividend and Interest Schedule (Form EC) has a Warning added where TFN and address not entered.
  • Depreciation Worksheet historical purchase dates now display correctly where available.
  • Front Cover updated for amendment labels.
  • Taxform Summary updated
    • Spelling mistake corrected.
    • Form C report corrected.
  • Point and Claim import functionality updated for Tax agent number format and tax return date range issues.
  • F1 Help updated.

Version 1.02

PRODUCT CHANGES

  • SAPTO calculation updated for unused spouse transfer (limited situations).
  • Point & Claim import functionality updated with the ability to create a report of the Point and Claim receipts.
  • Form C CGT Losses Brought Forward correctly appears in corresponding Carried Forward fields.

Version 1.01

PRODUCT CHANGES

  • Tax Estimate updated for PHIR.
  • Point & Claim import functionality updated so that postcode is not required when requesting client data.
  • V9 error (Form I email address) fixed.
  • Form RR (Report Request) updated.
  • CGT worksheet summary updated (heading text only).
  • Form I Tax Estimate comparison item label now shows refund/payable correctly in all situations.
  • F1 help updated.

Version 1.00

PRODUCT CHANGES

Released June 2014 on CD only. Further details of changes are available on the Product CD