Overview
Annual Returns prepared and lodged outside of Simple Fund 360 can now be amended from within the software. By providing details about the amendment and inputting the Annual Return figures, the amendments can be processed and lodged allowing you to keep a record of all Annual Returns within the Tax Compliance screen.
Amendments for externally lodged returns can only be added for Financial Years without a generated Annual Return (e.g. opening balance period or prior). For financial years that have been processed and generated an annual return, see Amended Annual Returns.
Amendment Process
| From the Main Toolbar navigate to the Compliance menu. | |
| Select Tax Compliance. |
- In the bottom-left corner, select Create SMSF AR amendment for externally lodged return.
- The External Annual Return Amendment screen will display.
Select the relevant financial year, then click confirm:
- Fill out the details for the amendment, including the indicators and the reason for amendment:
- Select Create. The Annual Return will be created for the selected year, pre-filling the amendment details:
- Continue to fill out the SMSF Annual Return details, including the amended figures as necessary.
Once all details and figures required have been entered, click Validate. The AI Validation Assistant will display a list of errors to be actioned.- For more information on this Validation Assistant, see: Validation Assistant - SMSF Annual Returns
- For more information on this Validation Assistant, see: Validation Assistant - SMSF Annual Returns
- After the validation errors have been resolved, click Lodge to lodge the amended annual return,
Can I delete a prepared amended return?
Yes you can! Once an amendment is prepared but not lodged, you can select the option to Delete the Amendment Form:
- Please note this will revert the annual return to a previous version if any were available.