We encourage your practice to use Tax in Practice Compliance to take advantage of the continuous improvements that we're making to improve the efficiency of preparing tax returns online.
Starting a return in Practice Compliance
You can create most of the tax returns in Practice Compliance; however, there are some returns that you need to prepare in AE/AO depending on your client's situation.
Use this quick check before creating a return in Practice Compliance. This avoids rework if the return needs to be completed in AE/AO.
Returns that you can prepare in Practice Compliance
Activity statement
Individual return
Company return
Trust return
Partnership returns
Fringe Benefit Tax (FBT) returns
Family Trust Election (FTE)
Interposed Entity Election (IEE)
Annual TFN Withholding report (for closely held trusts)
TFN report (for closely held trusts)
Returns you should continue to prepare in AE/AO
Individual tax estimate does not calculate:
Employment termination payment (ETP) offset for Death benefit ETPs (codes D, N, B)
Lump sum in arrears tax (LSPIA) offset
Superannuation lump sum offset
Special professional income (section 405 averaging)
Individual return prefill does not populate:
Primary production income averaging
Special professional income averaging
Tax free government pensions
Limitations
Returns that require a substituted accounting period
Forms that are not available
Self Managed Superannuation Fund return (SMSF)
Fund return
Notification of members joining and/or leaving an income tax consolidated group
Trust return estimate
When there are amounts not fully distributed to the beneficiariesAmended company return (tax year 2023)
Return that requires loss carry back change in choice schedule. You'll need to prepare these returns in AE/AO.2021 and prior year returns