Forum Discussion

CDHBA's avatar
CDHBA
Experienced Partner
6 years ago

HECS repayment calculations for Accountants Enterprise Tax Returns 2019

Hi,

 

Is there a way to fix an issue we are having in Accountants Enterprise with Tax Returns and the calculation of HECS repayments?

 

We have 2 tax returns - both with taxable income in the $51,957-$57,729 threshold for repayment, so AE Tax should be calculating a repayment of 2% in accordance with the ATO's table.  Currently the tax return with taxable income of $56,000 is not calculating any repayment at all despite the HECS debt balance being entered into the correct spot.  The 2nd tax return with taxable income of $53,000 is correctly calculating a 2% repayment.  All settings are exactly the same, and neither have any salary sacrifice or anything that would impact.

 

Any way of manually forcing AE to calculate a HECS repayment (not that we shouldhave to!)?

 

Thanks

Meg

  • CarrBarnett-BB's avatar
    CarrBarnett-BB
    Contributing User

    Hi,

     

    We are having the same issue. Our client has a taxable income of $52,780 plus Reportable Fringe Benefits of $25,383. They should be paying 5.5% HECS on $78,163 but AE Tax is not calculating any HECS repayment!

    This could be easily missed. Not good!

     

    Thanks

    Brooke

    • Annette7's avatar
      Annette7

      We also have the same issue. My client has taxable income of $44,661 and Reportable Fringe Benefits of $28,175. Should be paying 5% HECS repayment and AE is calculating none at all.