Entity details
Statement Purpose
The
Entity details
statement captures key information about the entity such as entity type, address details, and TFN.The sheet enables you to either enter the data manually or upload the data using the entity details import function.
Explanation of fields
Entity name & Entity short name
These are automatically populated from the Entity Manager module for the entity for which the calculation has been created.
Entity Type
The selection in this section will be
Superannuation
by default. The other option available is Other
.Legal entity type
This is automatically populated when the dataset is created based on the
Legal entity type
set for the entity in the Entity Manager module.Other
The below fields are to be completed; once completed, they will auto-populate the Superannuation tax return. They include:
- Tax Rate (the rate applicable for Superannuation is 15%, Life Insurance is 30%)
- Tax file number
- Australian Business Number (ABN)
- Previous name of entity
- Entity tax year start date (manually updated)
- Entity tax year end date (manually updated)
Contact details
- Is the trustee an individual?
- Company name (if the Trustee is a corporate entity) or Surname if the trustee is an individual
Tax Agent
- Agent's name
- Hours taken to complete
Current postal address
- Is your postal address the same as the previous tax return?
- IfNo, enter address details
Previous address on previous tax return
This will roll forward from previous year’s current postal address and will only populate the tax return if it is different from the current year current postal address.
Business and professional items
- Business name of main business
- Business address details
Other ATO trust form details
This section requires completion of the selection of the ATO form code.
Electronic funds transfer (EFT)
- BSB number (6 digits)
- Account number
- Account name