Efficiencies..... New Tax Platform

[Tracy2020]

Can someone please tell me where the efficiencies and time savings are going to be coming from.

So far it takes longer to do everything except reconcile IRD balances. 

Instead of a one click you can have to click to create a schedule, click to open it, click to import tax,

Instead of one click in the individual return to import either shareholder or partnership income, you now have to have both returns open,  click to create the schedule, and hop between the two returns to get the information across. 

Calculating the WFF tax credit now has to be done using the IRD website online calculator or workpaper or by hand if you want a laugh.

And if doing a 2020 tax return you have to open 2021 and reconcile the tax balances  otherwise doesn't show the payments as made.

So far it is taking us twice as long to prepare a simple tax return.  So where are the savings?

[Niceday]

Hi Tracy2020,

Thank you for your feedback.  Sorry to hear that you are not finding Practice Tax efficient.

Each week are updating the system to work smarter, for example you should no longer need to create the corresponding worksheet in the shareholder/partners/beneficiaries returns, these are now generated automatically.

We are currently working on the Working for families tax credits so that it can be calculated automatically.

Please follow the link below for new features added in Practice.

http://help.myob.com/wiki/x/8YJnAw

Thanks

Lisa