Company Return

The following information is available from the ATO website.

For an overview of key changes, Tax Time 2017.

Click this link for the ATO sitemap.

Click this link for the Company tax return instructions.

Data Entry

For data entry navigation purposes, the return items are categorised and presented on a set of tab cards:

Front Cover.

Income.

Financial Information.

Other Information.

Calculation Statement.

Declarations.

Lodgable schedules

Data entered in ‘lodgable’ schedules will generate an attachment to the Company return for lodgment with the ATO. Lodgable schedules are shown below.

Forms

Forms associated with Companies that are lodged separately are:

cue - Client update for entities (CU).

eft - Direct debit authorisation (Form EM).

far - Franking Account Tax Return (far) (paper lodgment).

fbt - Fringe Benefits Tax (FBT) Return (EB)  

ga - Business activity statement - BAS (GA).

gb - Instalment activity statement (GB).

gi - Annual instalment activity statement (GI).

gr - Annual GST return (GR).

yy - Standalone interposed entity election/revocation schedule (YY).

Worksheets

Worksheets that support the return but do not generate lodgable attachments are:

• add - Other Addition Items worksheet (add)

• g - Capital gains worksheet (g) (select Populate BW to generate an attachment for lodgment)

• ce - Consolidation Eligibility (Head) (ce)

• ces - Consolidation eligibility (subsidiary) (ces)

• cgm - Consolidated Group Membership Register (cgm)

• clw - Consolidation Losses Worksheet (clw) 

• ctl - Consolidated Groups Transferred Tax Losses Schedule (ctl)

• ddb - Division 7 Dividends and Debentures

• dip - Distributions from Partnerships worksheet (dip)

• dit - Distributions from Partnerships worksheet (dip)

• div - Gross dividends worksheet (div)

• epi - Interest on early payments worksheet (epi)

• esi - Early stage investor (ESIC)

• esv - Early stage venture capital limited partnership (ESVCLP)

• fdt - Franking Deficit tax offset worksheet (fdt)

• fms - Forestry managed investment scheme worksheet (fms)

• for - Foreign income worksheet (for)

• hcx - Interest Paid on Loans (hcx) 

• hi3 - Losses Transferred in, out or Carried Forward (hi3)

• int - Interest income worksheet (int) 

• it - Intangible/Tangible depreciating assets worksheet (it)

• ito - Interest on no-TFN tax offset worksheet (ito)

• lcr - Landcare and water facility tax offset (lcr)  

• mve - Motor vehicle worksheet (mve)

• ncf - Non-Refundable carry forward tax offsets worksheet (ncf) (label D)

• nro - Non-Refundable non-carry forward tax offsets worksheet (nro) (label C)

• ogi - Other gross income worksheet (ogi)

• otd - Other deductions worksheet (otd)

• pyl - Prior Year Losses worksheet (pyl) - Companies

• ren - Rental Property Worksheet (ren)

• rto - Refundable tax offsets worksheet (rto) (label E)

• sbe - Small business entities eligibility worksheet (sbe)

• sbw - Capital works deductions worksheet (sbw)

• sda - Small business entity depreciating assets worksheet (sda)

• sub - Other Subtraction Items worksheet (sub)

• xPC - PAYGI Instalment Rate and GDP adjusted calculations

• xfa - Worksheets for preparing the franking account return

Processes for Company returns:

A What-if PAYG Instalment Income Estimate may be completed by selecting Preparation > Schedule > pgC - PAYG Instalment Income Worksheet (pgC) - Form C and electing to use values from either the current year's or two prior years' returns.

Other processes performed for returns include:

• Printing Returns

• Lodging Returns using the Electronic Lodgment Service (ELS)

• Assessment Details

• Amending Lodged Returns

• Customising Return Properties.

For a PDF version of the Company Tax Return showing ELS tags and Tax codes, go to Tag image PDF.

Back to Income Tax Returns