JoeleneCLM
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Joined 10 years ago
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Depreciation not integrating correctly into MYOB AE
Just wondering if anyone has had any issues with depreciation not intergrating correctly into tax return, especially when clients have a sbe general pool. We have come across 2 clients now where it is calculating correctly in the schedule but when it intergrates automatically into the tax return it is also including the opening pool balance along with the actual depreciation. it appears to only be when a client has the general pool and other depreciation categories. This is causing us to have to un integrate all the depreciation for these clients and then manually type in the correct depreciation figure into the tax return. This can be quite a timely task when clients have alot of assets to remove the integration169Views0likes1Commenttax return showing as rejected but lodged with ATO
we have had a couple of individual returns lodged and they show as being rejected with error CMN.ATO.IITR.EM0053 - Car Expenses - Total business kilometers (cents per km method only) allowable has been exceeded The returns are showing as lodged on the ATO portal and neither return has exceeded the motor vehicle claim amount. Just wondering if there is any known fix for this or will we just wait for 2024 tax rolloutSolved303Views0likes2Comments