ATX 2024 RELEASE NOTES

Tax Year 2024

Version 24.2

April 2025

Installation Instructions

The following installation types require the 24.2 update:

  • Stand-Alone
  • Workstation Only
  • Workstation/Server

Server Only installations do not require the 24.2 update.

As a best practice, it is recommended that you close the application on all workstations and update each one separately.

What's New

Change to URL for Updates

ATX has updated the URL for downloading updates. This change simply updates the source location for program and form downloads and should not impact your workflow.

Addressed Issues

Fixed Asset Manager

  • ATX has corrected an issue where users where experiencing problems when opening returns containing Form 4562.
  • The issue where users were unable to view all pages of the Fixed Asset Reports in Preview Mode and buttons were unavailable has been resolved.

Version 24.1

January 2025

Installation Instructions

The following installation types require the 24.1 update:

  • Stand-Alone
  • Workstation Only
  • Workstation/Server

Server Only installations do not require the 24.1 update.

As a best practice, it is recommended that you close the application on all workstations and update each one separately.

What's New

Printing Checks

The Print Checks option in ATX will now direct you to the Santa Barbara Tax Products Group, LLC (SBTPG) portal. You will be able to print new checks and reissue checks from this portal.

Version 24.0

November 2024

Introduction

Thank you for choosing ATX as your tax preparation software! The entire team that designs, builds, tests and supports ATX has only one goal in mind: to provide you with a powerful solution that helps your business achieve improved workflow efficiency and tax compliance.

To ensure that your system is ready for the newest version of ATX, please review the System Requirements. You can also test your system against those requirements with our System Analysis tool.

Notes about this release

.NET Framework software is required by many desktop software applications and ATX needs current version 4.8 to install and operate. If you don't already have .NET software, it will be installed automatically as part of the ATX installation. After a .NET installation, a message may prompt you to restart your system in order to complete configuration of ATX 2024. After the restart, ATX installation will continue and complete automatically.

Installation Instructions

For information on installation, see the Learning Portal.

What's New

Video: What's New for ATX2024

Multi-Factor Authentication (MFA)

Under the Federal Trade Commission’s (FTC) safeguard rules, ATX’s software security will be bolstered by requiring two or more verification factors to gain access. A video and help topic are available to help users with how this authentication operates, and how it will help protect confidential information.

Peek Icon on Login Screen

The peek icon in the Login Screen allows ATX software users to click the toggle icon to view the typed password. This makes it easier to view passwords upon entering, which lessens potential frustrations and user error with mistyped passwords.

Tax Return-In-Progress Indicator

The Tax Return-In-Progress Indicator in the Return Manager of ATX provides a visual peek and indication into pending additional information inside a tax return. This reduces the chances for missing required information inside a tax return, which increases overall efficiencies and enhances the workflow, and so creates further time savings especially for users with high volume tax returns.

eSignature Indicator

The eSignature Indicator shows and confirms if an eSignature has been sent in the Return Manager, providing users, and their clients, with insight and confirmation – which avoids duplicate billing.

64-Bit

ATX now fully supports a 64-bit architecture, allowing for greater memory utilization and improved performance when working with large datasets.

Regulatory Changes

  • Section 179 deductions for qualifying assets have a $1,220,000 dollar limit and a $3,050,000 cost threshold.
  • Check state limits on the State Calcs tab in Asset Global Settings.
  • Standard Mileage Rate: For luxury autos, including trucks and vans placed in service in 2024, the business standard mileage rate is 67 cents per mile. The depreciation component when the standard mileage rate is elected is 30 cents per mile.
  • Bonus depreciation for eligible assets placed in service from January 1, 2024 to December 31, 2024 is reduced to 60%.

Yearly Auto limits:

  • Luxury Auto (V5): If first year placed in service is 2024, depreciation limits are $12,400 with no bonus, $20,400 with Bonus.
  • Trucks/Vans (V7): If first year placed in service is 2024, depreciation limits are $12,400 with no bonus, $20,400 with Bonus.
  • Sports Utility Vehicle (V6): Section 179 limit is $30,500.

PRS Cost

The cost of PRS (Per Return System) returns have been updated to reflect the 2024 pricing:

  • $44 (Individual return)
  • $76 (Business return)

Payroc has replaced iTransact

ATX has replaced iTransact with Payroc for use as an electronic payment provider that allows taxpayers to pay the tax preparation fees electronically.