Recent Q & A

Capital Gains "Exemption or rollover code"
Exemption or rollover code is just the statistical field that goes to ATO and doesn't affect the calculation.
Thu, 11 Aug, 2022 at 1:09 PM
Capital Gain (CGT) - Main Residence Exemption
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...
Sat, 25 Mar, 2023 at 1:46 PM
How to correct the TFN of the "Lodged" form?
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...
Sat, 3 Sep, 2022 at 2:19 PM
How to calculate "Tax Free Threshold"?
Question: How to calculate "Tax Free Threshold"? Answer: Lodgeit’s calculation acounts tax for Working Holiday Maker (WHM). Learn more here How T...
Fri, 9 Sep, 2022 at 10:23 AM
Negative Gearing - Rental Property
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...
Thu, 20 Oct, 2022 at 6:11 PM
Historical Forms
Question: Could you please advise whether LodgeIT has the facility for importing the tax returns from other software/platrform? Answer:  If your client wa...
Thu, 27 Oct, 2022 at 12:05 PM
SBE: Franking Credit
The calculation of the "Franking Credit" via LodgeiT "Tools" is also base if the Small Business Entity (SBE) is activated or not. Il...
Fri, 13 Oct, 2023 at 11:17 AM
Paid CGT Withholding Tax for beneficiary
Question:  Which section of the beneficiary tax return form should user put the requested refund amount for paid CGT Withholding payment? Answer:  When c...
Tue, 24 Sep, 2024 at 10:35 AM