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Download to update to Software Assistant 2020.0.7

Please make sure you have upgraded to Software Assistant 2018 before updating to version 2020.0.7

In this update we have included the following changes:

  • IITR 2020 – One click Prefill has been updated for 2020.

  • IITR 2020 – Granular data reporting changes have been implemented for the income section of the Individual Income Tax Return.

  • IITR 2020 – All tax rates and thresholds have been updated to 2020 and the 2020 tax calculator is now available via Tools > Calculator

  • IITR 2020 – Calculation and interface changes have been made to reflect a leap year (Number of days is 366)

  • All forms – Depreciation: COVID19 Stimulus measures: Increasing the instant asset write-off to $150,000 and accelerated depreciation as part of backing business investment.

  • TRT and PTR 2020 – Stapled Structures: New item and corresponding labels to report Non-concessional Managed Investment Trust Income (NCMI)

  • All forms – CGT: A validation warning has been added when the Main resident exemption is claimed by a non-resident

  • Ledger – The character limit for the Description column in the Postings tab has been standardized to allow 80 characters for each description.

In this update we have released fixes for the following bugs:

  • CTR 2019 and prior years - The depreciation worksheets not being visible for 2019 and prior years has been resolved.

  • IITR 2020 - Validation error: “CMN.ATO.IITR.400078 – “Amounts not present must be provided or set to zero” has been resolved.

  • IITR 2020 - Validation error: “CMN.ATO.INCDTLS.000016 – Reportable fringe benefits amount must be provided” has been resolved.

22/06/2020 48.79 MB