Welcome to the February edition of Class FAQs.
Annual Return Lodgment
As we enter the SMSF tax lodgment period, this month we share with you a series of articles to assist with the year end processes and troubleshooting associated queries, as follows:
- How do I finalise a fund for a financial year?
- Period Update– details how to run a period update, with additional links to articles that will help you resolve error and warning messages.
- Actuarial Certificates– includes background on ECPI changes; how to request an Actuarial Certificate and troubleshooting.
- Lodgments– find out the key reason a lodged tax return may not be showing on the ATO Portal; how to resolve issues with multiple tax return submissions; missing member information in Section F.
SuperStream
- We've put together this detailed checklist to help you prepare for SuperStream Rollovers and Release Authorities (RA) that became compulsory from 1 October 2021.
- What to do when I receive an error: "Missing software subscription ID for the tax agent"
- How to correctly Initiate Rollover Out via SuperStream?
- What happens after I initiate Rollover Out?
- Other SuperStream help articles
Depreciation Worksheet - New Articles
- Overview of Depreciation – summarises the key concepts and has links to all the main depreciation pages
- Depreciation FAQ – answers some questions which were previously separate articles. This will be updated with addition questions and answers based on support tickets
- Rollover Depreciation Worksheets Between Years – this documents the process for depreciation rollover each year and when to do it manually
To view the FAQ newsletters from previous months, please click here.
Feel free to contact us via Live Chat, via email (Support@class.com.au) or call us on 1300 851 057.