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...
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
6 years ago

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.

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