Intuit Financial Community: dunner - Viewing Profile

I think the program may be incorrect in determining the eligible pension splitting amount in the case where a couple who were living common-law become married during the year. The program prorates the number of months on the T1032 based on the number of months that the spouses were "married" but the form clearly states that it should be the number of months that the couple were married or living common-law. I got around this by changing the date of marital status change to January 1 but Profile might want to note this for next year.

I'm wondering if the calculations on the T1032Opt form are subject to some threshold that Intuit considers immaterial. I did the optimization using the T1032Opt on a client's file and the program determined that there was no advantage in splitting the pension income. However, when I ran my own calculations in Excel, I arrived at savings of $16. Now granted that is not a lot of money but are the Profile calculations subject to some minimum threshold? I would hope not because IMO it's up to the accountant and client to determine what constitutes immaterial savings. Also, most of my clients would prefer to take the $16 in savings. I'm not worried about Profile's calculations since they appear to work where the savings are greater. I've just noticed that the Profile calculations don't seem to be reliable where the savings are low.

Now that we've had a couple weeks of preparing T1's I'm wondering if other people have suggestions for changes/improvements. I have a few in mind but I'll start with one.

On the BILLING form, the last two rows on the form (the Brief version) show last year's fee. However, it shows last year's fee BEFORE tax and disbursements. I'd like to see last year's fee AFTER disbursements because I use those disbursement lines to add things to the fee such as itemizing tax returns done for kids, T1032 calculations, etc. When I'm doing a current year billing it's important to know what I billed the client last year. The current setup ignores extras that I billed in the previous year.

I'm sure there are many other changes/improvements but that's mine for today.