LodgeiT

LodgeiT had to modify the software to meet the ATO requirement for SBE's with general pool and immediate write off. i.e. their design spec for CTR ...

Question: When I make depreciation schedule for Rental Properties, Depreciation is not showing to Rental Property Schedule. Answer:  A. Rent from Financia...

Scenario: A client has sold his rental property four months into the financial year. The depreciation claimed to date has to be reflected in the capital gai...

"Deduction for decline in value" (and item H and Z) are to be found inside Depreciation section And, will reflect under the "Reconciliatio...

ATO instruction- https://www.ato.gov.au/Individuals/Tax-return/2022/In-detail/Publications/Business-and-professional-items-2022/?page=2#P18_Other_depre...

Question: How to fully depreciate motor vehicle. Answer:  If the car cost limit was applied against the asset. Please create an empty General Pool with...

The "Prime Cost method" calculates: 64200 * (365/365) * 18.75% = 12,037.5, since it's less then OAV, the depreciation is 9683. ATO Link...

Question: Why is "business depreciation expense" populated under 5K being automatically pulled into the field "add: expense reconciliation ad...

Make sure to link them via "Relationship" tab   Create "Depreciation" via LodgeiT "Tools" In one of the spo...

According to ATO instruction https://www.ato.gov.au/forms-and-instructions/trust-tax-return-2023-instructions/instructions-to-complete-the-trust-tax-return/...