December 2024 Australia
This release primarily focuses on resolving print and display issues to enhance the overall user experience. This release includes the following key improvements:
- Improved Text Alignment:We've updated text alignment to better reflect the layout of Tax Office forms, facilitating easier reading and data entry.
- Updated Description and Instructions:Descriptions and instructions have been revised to align with the latest Tax Office forms, ensuring clarity and consistency.
- Borders Display:Borders are now displayed more clearly.
- Percentage Display Improvements:Percentage values are now displayed more accurately.
The second phase of our Print and Display updates is scheduled for
TaxTime 25
. The phase will focus on further enhancing the international dealing schedule by updating the location of data entry fields for improved display and print alignment.This release also includes issue resolution and updates to the NextGen company and consolidated workpapers.
note
While these updates significantly enhance print and display functions, they may not be fully compatible with upgraded calculations.
Updates
Worksheet | Description |
|---|---|
All forms | Descriptions, instructions and labels reflect the language and terminology used in the current Tax Office forms.
Additional instructional text not present on the Tax office forms has been incorporated into some worksheets. This text is designed to assist you in accurately completing the forms. This instructional text is for guidance purposes only and will not appear on the final printed version. |
All forms | Consistent Row Printing: All rows in the form will now print to align with official Tax Office forms. |
All forms | Updates to readability of cells that typically contain longer entries by relocating and using Wrap Formatting. |
All forms | Double or thick borders will not display when instructions are on.
In some cases a border will be missing when a validation row is displayed. Once validation is cleared and the row hides the borders will display normally. |
All forms | The row heights and column widths adjusted to improve readability and presentation. |
All forms | Data Entry fields alignment updates:
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All forms | Alignment: we have kept to tax forms where appropriate however in some cases the text alignment is changed to ensure better display and print. |
All forms | Changes implemented to the way page breaks are handled. Previous page breaks may not be automatically cleared during this upgrade process. To ensure your documents print correctly, it may be necessary to manually Reset all Page Breaks on the sheets that are impacted. |
All forms | Declaration linking from the Preliminary Information (PI) updated. |
Dividend and interest schedule {RM1} Trust income schedule {RU1} | New worksheets added that contain the declaration section of the schedules to ensure the declaration prints correctly with the schedules with large numbers of inserted columns. |
Losses schedule {RA} | To align with the Tax Office forms: The plus (+) symbol is now replaced with the term ADD. The hyphen (-) symbol is now replaced with the term SUBTRACT. |
Company tax return { RA} AMIT tax return {RC} Franking account tax return {RI} Rental schedule {RS} | When entering a percentage value, it will automatically display with the percentage (%) symbol. |
Company tax return { RA} Trust tax return {RB} International dealings schedule {RG} | Updates to various validations. |
Company tax return { RA} | Income at Q6S previously displayed as negative due to partnership loss. Signage corrected to always show positive. |
Revenue Losses Automation {A2} (Company Tax) | Current period group losses sitting in the head entity now carries forward correctly. |
Capital Expenditure Summary {CB6} (Company Tax) | For all relevant line items, Eligible capital allowances will now automatically flow from the Non-deductible expenses (DE) workpaper to the Capital Expenditure Summary (CB6). |
Project pools – mining and transport {NI1} Project pools – non-mining {NI2} (Company Tax) | Decline in value now calculates on written down value and made editable. |
Tax Effect Accounting {T3} and {T4} | Updates have been made to T3 and T4 to correct duplicates and mis- matched data after roll forward from some Nextgen versions. There may be some scenarios where additional workaround steps will be required to correctly update data. This will be noted in the known issues area.
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