This page lists new features and improvements for all areas of MYOB Practice.
March 2025
Tax compliance for 2025 is here!
You've got all the latest updates you need for the new tax year, including:
tax return data rolled over from the previous year
rate changes
IR6 and IR3NR changes
other compliance changes and general improvements.
Learn more about the 2025 tax compliance changes.
Tax rate calculation for trustee income
Applies for IR6 trusts with 2025 tax notices or later
Trustee income is now taxed depending on the type of trust and income amount. You'll need to clear your cache to see the new rate.
The calculation is based on the compliance settings you select for your clients. You'll find two new fields in the Compliance settings to help control the calculation:
Tax trustee income as – Defaults to Ordinary trust.
Trust start date / Estate start date (date of death) – For deceased estates, you must enter the estate start date for the correct rate to be applied. For all other trusts, the start date is optional.
Tax rate calculation – Set up entity details
You can find these settings in the Entity details section of the Compliance settings page.
Select an IR6 client on the client side bar, click the Settings icon (the grey cog) on the top right of the page.
If required, click Edit and change the fields in the Entity details section.
If you change these settings, future unlocked tax notices will be recalculated based on the updated settings.
Tax rate calculation – Review tax notices
For trusts, review any 2025 and 2026 provisional tax notices that use the estimation method.
Fix tax return issues sooner
When a tax return gets pre-populated, you'll see a warning if there's a difference between the data from IR and the data in MYOB Practice. You can click a link in the message for more information about how to resolve the issue.
For example, IR may be expecting one type of tax return, but you may be preparing another type. Or IR may have one balance month, but your settings may have another month.
This lets you fix these issues earlier in the tax return process. If you don’t fix the warning when pre-populating, you'll see the warning a second time when you validate before filing in a 2025 and onwards tax return. If you don’t fix the warning when validating before filing, the tax return may be rejected.
Previous releases
To learn about changes to MYOB Practice in previous years, visit MYOB Practice release history.
Can't see these features in MYOB Practice? Clear your browser's cache and refresh the MYOB Practice tab. If you still can't see it, your practice may not have access to that feature.