When changing the "Practice Type" in LodgeiT, it is essential to update the organization profile because this determines key agent settings that affect tax form declarations, agent numbers, and legal entity details used in submissions. This is critical for authorization and ATO compliance.
Illustration: From Sole Trader to Company Tax Agent
Step 1: Update Your Organisation's Profiles
Go to the Gear Wheel (Settings) > Profile section in LodgeiT.
- Change the Entity Type from Individual to Company.
- Update your Tax Agent Number to your company's number.
- This ensures the correct legal entity, tax agent declaration details, and compliance settings are applied across all forms.
Related guide: LodgeiT User Firm Settings
Step 2: Reconnect Your Account to Your Company's TAN with the ATO
- After updating the profile, reconnect your LodgeiT account to your company's Tax Agent Number (TAN) through ATO integration.
- This step ensures all Standard Business Reporting (SBR) interactions with the ATO, including lodgement submissions, are authorized correctly under the new entity.
Related guide: Connect LodgeiT to ATO
Note:
IF you need to transfer client data to a New LodgeiT Account for your company practice, you can migrate your client data:
1. Export Client File
Export your clients’ details from the existing LodgeiT account as a CSV or Excel file.
Guide: Client Export/Extract (CSV or Excel)
2. Import Client File
Import the exported client file into the new LodgeiT company account.
Guide: Direct Client Import / Migration
Remarks:
- Accurate organization details in the profile are vital as all ATO interactions depend on correct and consistent settings.
- Failure to update these details appropriately may result in lodgment errors or authorization issues.
- Make sure to update the signatory details if applicable for proper agent declarations on forms.