Capital Works Deduction
In MYOB Practice Online Tax, there is no worksheet for the capital works deduction. As a result, I assume I need to use the Assets area to reflect the capital works expenditure. I have tried ...
Forum Discussion
Hey PhilipOcchiuto
If you're adding a new asset in MYOB Practice, you'll need to add an asset class first and then allocate an asset to the class. We've published step by step instructions on this page.
You'll then be able to use the tax depreciation worksheet to integrate assets into the different labels. Would recommend following the instructions on this page if you're unsure.
Hi Amanda
Thank you for your assistance. i had already read and gone through all that before raising the question on the community forum.
For Earls and your information, I logged a support call last night.
As soon as I receive a solution, I'll post the solution on here.
I suspect that there is no solution available at the moment using either online tax or online assets, and that I will need to revert to the desktop version until either online tax or online assets or both are updated to provide a solution.
I will advise once MYOB support get back to me.
Kind regards
Philip Occhiuto
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