This release lets you import GIFI from Sage Accounting into corporate and partnership returns.
November 10, 2020—We released an update to address an issue in TaxCycle T2 where the AuthRepBusCancel transmission would not change from "Incomplete" to "Ready to Transmit," preventing filing of requests to cancel a previous accountant's authorizations for a client.
You can now link TaxCycle with Sage Business Cloud Accounting to seamlessly import General Index of Financial Information (GIFI) information into corporate and partnership returns. To learn more about importing GIFI from Sage Accounting, read the Import GIFI from Sage Accounting help topic.
An issue was reported in the ProTax Community about the AT1 section on the T2 TaxConstants worksheet. The TaxConstantsWS did not reflect the correct tax rates as of July 1, 2020 after being converted from the .2019T2 to the .2020T2 module. The conversion will now function correctly.
If you previously converted a file, update the following entries in the Alberta AS1 section on the TaxConstantsWS: