Navigation to the Trust Tax Return 

Select the Distribution Frequency. You can select between yearly, quarterly or monthly Profit/Distribtuion calculations. Alternatively, select Other to be able to specify your desired period.

Click Start Workflow for the selected Entry Period.

Before starting the workflow, change the Tax Labels, where applicable. 

As part of the Workflow, the Calculate Taxable Income screen will prompt, displaying a breakdown of items in the calculation of taxable income, allowing users to add adjustments where needed. Change the Tax Labels, where applicable. 

Select  to proceed to the next step.

Users are then able to proceed with profit allocation, for more information, see Distribute Profit for Trusts. Here, users are also able to process inter-entity distribution journals for beneficiary entities. Once complete, head into the Trust Tax Return section. 

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Icon	Explanation
	Confirm any new information and changes made in the Trust Tax Return and associated schedules
	Print or produce a PDF version of the Trust Tax Return and associated schedules

The Trust Tax Return and associated schedules can also be produced through the Reports screen.

Electronic Lodgement Declaration

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Through Simple Invest 360, generate the Lodgement Declaration which is required where the tax return is to be lodged via an approved ATO electronic channel. 

The Declaration can be Printed from the Tax Return screen by clicking on the Print button.

Alternatively, print the Lodgement Declaration from the reports screen: 

From the Main Toolbar, go to Reports.
Select Letters/Minutes.

From the Letters/minutes section, add the Lodgement Declaration to the Report Pack List for download.

Validation and Lodgement

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Pre-Requisites: Ensure you have set up a lodging party in Simple Invest 360: Adding a Lodging Party (Ensure the Trusts that the tax return is being processed for, is attached to the lodging party)  If the Lodging Party is a Trustee, ensure you have an ABN attached to the Trust Details. Ensure you have reviewed the Tax Return, and completed all relevant sections prior to validation.

Validation

All Invalid Fields will need to be rectified, prior to validation. 

Select View Invalid Fields to navigate and rectify the mandatory fields. 

Select Validate to prepare the Trust Tax Return for lodgement.

Note

If you have made any changes/updates to the Trust's Lodging Party details, select Update Lodging Party under Section I. 

Lodgement

From the Main Toolbar, go to Connect.
Select Lodgement from the list.

Filter	Explanation
Returns Awaiting Lodgement	Select this filter to display validated returns that have not been lodged.
Returns Lodged	Select this filter to display returns that have been lodged.
Rejected Returns	Select this filter to display rejected returns.
All Returns	Select this filter to display all returns.

1. Select the Lodging Party.

2. Validated returns linked to the Lodging Party selected will filter and appear. 

3. Select the checkbox to the left of the trust you are lodging the return for and then select Lodge

The tick box will not appear until a lodging party has been selected

4. Once the return has been successfully lodged, under the Returns Lodged section, you will see that the status next to that trust will change from Validated to Lodged (Electronically).

Download the Lodged Trust Tax Return in PDF format

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Under the FORM column of the Lodgement screen, any trust returns and associated schedules lodged to the ATO (with the Lodgement Status displaying as Lodged Electronically) can be printed in PDF format by clicking on the Trust Annual Return field. The return will display in a new tab for you to download and print. 

Select View under the same screen to generate the ATO Validation Report. 

Amending the Trust Tax Return

To process an Amendment to the Trust Tax Return, select Create Amendment at the bottom of the screen.

• Note: The Tax Return must have the Lodged status for the Create Amendment button to appear.

Once selected, the following screen will display:

Select an Amendment starting point based on the requirements for your amendment:

FAQs

1. Can I adjust the taxable income and profit distribution as I prepare the Trust Tax Return? 

Once the preparation of the Tax Return form has been started, any changes made to the 'Calculate Taxable Income' and 'Distribute Profit' screens will overwrite the current tax return form in Simple Invest 360. 

Once changes have been made, head into the tax return screen and select Regenerate to pre-fill the tax return based on updated amounts.

2. I cannot access the Tax Return screen and its functionalities.

Refer to your user role settings, and ensure permission is provided for Tax Compliance | ATO Forms Data Entry, under the Compliance section. 

3. How do I hide the Beneficiary TFN/DOB and Trust TFN from the Tax Return, for privacy reasons? 

Refer to your badge settings, and you may choose to display these details on the Trust Tax Return. If not selected, the details will be worded as "Provided" or "Not Provided" instead. 

Ensure the badge is selected upon generating the tax return and associated schedules from the Reports screen. 

See Also: 

• Amend the Trust Tax Return