HECS repayment calculations for Accountants Enterprise Tax Returns 2019

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Contributing Partner CDHBA
7 Posts
Contributing Partner
Australia
Contributing Partner

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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

2 REPLIES 2
CarrBarnett-BB
4 Posts
User
Australia

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Re: HECS repayment calculations for Accountants Enterprise Tax Returns 2019

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
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Re: HECS repayment calculations for Accountants Enterprise Tax Returns 2019

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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