See the ATO website for:
The fund return (Form EF) is presented for data entry on a set of tab cards:
Standalone forms associated with the fund:
MYOB worksheets for dissection and record-keeping purposes only. Worksheets are not lodged with the return:
|Capital gains worksheet (select Populate BW to complete the BW from calculated values in the capital gains worksheet).||g|
|Capital works deductions worksheet||sbw|
|Depreciation worksheet (d)||d|
|Distributions from partnerships worksheet||dfp|
|Distributions from Trusts worksheet||dft|
|Gross dividends worksheet||div|
|Interest on early payments worksheet||epi|
|Early stage investor offset worksheet (esi)||esi|
|Early stage venture capital limited partnership (ESVCLP)||esv|
|Exploration credits worksheet||exc|
|Forestry managed investment scheme worksheet||fms|
|Foreign income worksheet||for|
|Interest income worksheet||int|
|Interest on no-TFN tax offset worksheet||ito|
|Motor vehicle worksheet||mve|
|Net non-arm's length income worksheet||nai|
|Other deductions worksheet||otd|
|Other income worksheet||oti|
|PAYG instalment income worksheet||xPF|
|Prior year losses worksheet||pyl|
Processes for the SMSF
When you select F4 a formal Estimate of the SMSF’s tax liability for the current and subsequent year is prepared. You can Preview or Print this estimate.
Additionally, you can prepare a PAYG Income tax Instalment worksheet from Preparation > Schedule > xPF - PAYGI (Instalment estimate) for an audit trail of how we arrived at the result.
If the current year return has been completed you can pre-fill the worksheet with those values. If not lodged or the ATO has not yet issued the first quarterly instalment notice, you can use the values from either of the two immediate prior years. However, you must use the values from most recently lodged of those two prior year returns.
You can also manually key values or alter pre-filled values where that value is editable. This is helpful for calculating What-if scenarios.
Other processes performed include: