LodgeiT

Question: How to transfer the PSI bonus from a company tax return to the individual tax return. Is there some way we can flag this on the chart of accounts ...

The estimate is not visible to the ATO. An estimate is provided for benefit of the LodgeiT system and the clients. Example on how it calculates:

Exemption or rollover code is just the statistical field that goes to ATO and doesn't affect the calculation.

Question:  I have a client and she had a couple of CGT Events in the 2020 year. On one of them we wish to claim the main residence exemption as per the sc...

If the TNFs were confused, the user should contact the exceptions area of the ATO (Phone Number: 1300 146 094, fast key code 103#) to resolve this situation...

Question: How to calculate "Tax Free Threshold"? Answer: Lodgeit’s calculation acounts tax for Working Holiday Maker (WHM). Learn more here How T...

Question: Do you also have any guides on negative gearing. My wife and i have an AirBNB but our normal accountant usually takes about 6-8 months to get arou...

Question: Could you please advise whether LodgeIT has the facility for importing the tax returns from other software/platrform? Answer:  If your client wa...

The calculation of the "Franking Credit" via LodgeiT "Tools" is also base if the Small Business Entity (SBE) is activated or not. Il...

Question:  Which section of the beneficiary tax return form should user put the requested refund amount for paid CGT Withholding payment? Answer:  When c...