Access Elite: Tax Installer 2024

Added support for Access Evo for all 2024 forms.

Corrected an issue which caused the status of a business to not update correctly without revisiting the business worksheet.

Corrected an issue in the printout which caused some values to not appear correctly.

Corrected an issue where 0’s in the Foreign Resident Withholding field in the managed funds worksheet could cause validation error IITR.730427 which could not be cleared.

Corrected an issue which could cause validation error GEN.400011 where 0’s were entered into certain fields of the Earnout Arrangement section of the Capital Gains Schedule.

Corrected a printing issue which caused the incorrect address to be printed, and names missing from declarations.

Corrected an issue which caused the asset name to appear incorrectly where a '&' was used in the name.

Corrected the year reference in the printout to 2024.

Amounts foreign income and foreign income tax offset are now transferred automatically from managed funds and trust income worksheets to Income item 20.

Corrected a rounding issue affecting Franked distributions in managed fund worksheets. This could cause Validation Error VR.ATO.IITR.730414 to trigger an unable to be cleared.

Corrected an issue which prevented the Trust type appearing on the summary screen of the main form where income was received from a Trust.

Corrected an issue which prevented the Trust type appearing on the summary screen of the main form where income was received from a Trust.

Updated the instant asset write off to $20,000 as per the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023.

Corrected the navigation of the Next and Previous buttons on several screens to take users to the correct screen, based off previous answers.

Corrected a spelling error on page 19 of the printout.

Corrected an issue which could cause Validation Error IITR.730001 to trigger incorrectly where 10 or more Motor Vehicle expense items are present.

Corrected an issue where Digital Adoption expense data was rolled over from the previous year, causing an error in the return. Returns that have already been rolled over should also be corrected.

Corrected the 2024 non-resident tax rates, which were using 2025 rates incorrectly.

Automatically populated the field ‘Credit for tax paid by the trustee’ in the new Trust Income Schedule, when label W has been completed but no credit for ta paid by the trustee had been entered, in order to prevent Validation Error INCDTLS.000392 from triggering.

Corrected an issue which prevented deferred losses from appearing in the Trust income summary grid correctly.

Corrected the lower cap rate for Superannuation Lump Sum payments.

Corrected the highest threshold for Working Holiday Maker tax rates for 2025.

Where amounts exist at ‘trade debtors’, ‘trade creditors’, or ‘unpaid present entitlement to a private company’ fields, the closing stock field becomes mandatory in the current ATO specifications. In the case where the prior fields contain values, but the closing stock is blank, we are now populating that with 0 automatically to prevent a lodgement failure.

Corrected an issue in printing which could cause a random number to appear in the NCMI capital gains to which no beneficiary is entitled field.

Updated the instant asset write off to $20,000 as per the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023.

Corrected an issue in the Business income worksheet which caused some expense items to not be included in the total correctly, triggering validation errors.

Enabled the question ‘Did the taxpayer recalculate the effective life for any of their assets this income year?’ where no asset worksheets exist, as this field is mandatory when certain other fields (such as section 40-880 deductions) are present.

Corrected an issue which prevented items that should have been transferred to item 14 appearing correctly.

Corrected an issue which could cause blank pages to be present throughout the printout.

Added 2024 to the year selection for Family Trust Elections.

Individual income tax return - IITR.800012

Company tax return - CTR.500395

Partnership tax return - PTR.440041

Trust tax return - TRT.442898

Attribution managed investment scheme/Corporate collective investment vehicles - TRTAMI.000418

Expanded the prior year concessional contributions section to allow entry of 2022-23 amounts used in calculating the carry forward concessional cap.

Validation rule TRT.442898 has been removed, which prevented bonus deductions being claimed for the Small business energy incentive as the legislation

Removed validation rule RKN.200408 which required the declaration signatory to present. This is populated at the time of lodgement when the declaration is signed, and is not able to be completed in form.

Defaulted the answer to the question ‘Is the trustee beneficiary making a TB statement?' to NO, when it has been disabled as the answer to the question ‘Is the trust making the distribution a closely held trust?’ is NO. This due to validation rule TRT.433088 requiring an answer in certain cases.

The new CGT labels in the statement of distribution are now editable, except where the CGT direct entry option has been used. In the case of CGT direct entry (option 1), these amounts are transferred automatically, and allocated automatically based on the set percentage.

Corrected an issue which caused validation rule TRT.432613 to trigger incorrectly when multiple ‘Other Deductions’ were present.
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Individual Income Tax Return (IITR) - 24.0.0.0

Partnership Tax Return (PTR) - 24.0.0.0

Trust Tax Return (TRT) - 24.0.0.0

Company Tax Return (CTR) - 24.0.0.0

Self-managed Superannuation Fund Annual Return (SMSFAR) - 24.0.0.0

Fund Income Tax Return (FITR) - 24.0.0.0

Attribution Managed Investment Trust (TRTAMI) - 24.0.0.0

Family Trust Election (FTER) - 24.0.0.0

Interposed Entity Election (IEE) - 24.0.0.0

Shared Rental (BR) - 24.0.0.0