Individual return
Return items are grouped by category in a series of tabs:
Left-click in a field to move focus to that field.
Press F2 and type an item number to move to the first field at that item.
- Press Shift+F2 for a summary of entered items for the current and previous income years.
Select an item from the navigation pane.
The navigation pane displays the items relevant to the tab card that is open.
The Tab key moves forward through the items on the window.
To go forward through the tab cards, press Ctrl+Tab
To go backward through the tab cards, press Ctrl+Shift+Tab.
Schedules lodged with an individual return are:
Forms associated with individual returns that are lodged separately are:
For dissection purposes, a generic schedule or a data entry grid is provided at all fields where no tailored worksheet is available.
MYOB worksheets are for dissection and record-keeping purposes. They are not lodged with the ATO. Open these worksheets by clicking the item label or selecting Preparation > Schedule:
Processes for individual returns include:
Lodging returns using the practitioner lodgment service (PLS)
Tax Offsets (Series 6 & 8) For calculations of offsets to be included in the Tax Estimate.
When you select F4 a formal estimate of the individual'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 instalment worksheet by selecting Preparation > Schedule > xPG - 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.
You have a choice of two What-if PAYGI Instalment estimates:
- Instalment income by base rate (xPI), or PAYG Instalment Income Estimate Worksheet (xPI)
- GDP-adjusted instalment income (xPG). See PAYGI Instalment Rate and GDP adjusted calculations
Open either of these worksheets from Preparation > Schedule.
The default is to calculate using the current year rates and thresholds. For returns not yet lodged for your client, you can elect to have tax calculated using values from one of the two immediate prior year returns.