Individual Tax Return

Preparation of an Individual Tax Return (ITR)
LodgeiT makes your lodging tax return simple with just 6 steps to get started: 1. Prepare client details, records and data.  2. Sign up to use LodgeiT 3....
Wed, 2 Oct, 2024 at 9:08 AM
Activate "Individual Tax Return" Reporting Module/Manage Sections
Once you've started with the form, you may need to turn-on/activate certain reporting sections. You can do so via the four little square- Activate...
Wed, 2 Oct, 2024 at 9:10 AM
Adding "Dividends" manually
Go to "Forms" and click the created ITR. Make sure to activate "Dividends" via manage section Via item 11- "Dividends"...
Wed, 2 Oct, 2024 at 9:17 AM
Worksheet: Capital Gain Tax (CGT) "Granular method"
The way of recording costs incurred for assets to align with ATO cost base rules. The Capital proceeds is the amount of money received as a result of a CGT ...
Wed, 2 Oct, 2024 at 1:06 PM
Capital Gains (CGT)
Activate "Capital Gain" from Financial image  You have 2 methods: a. Fill the form manually b. Granular approach a. Fill the form ...
Wed, 2 Oct, 2024 at 12:52 PM
Capital Gains (CGT) - Multiple Trust Distributions
Activate Capital Gains from the Manage Section If you are in the form, then press the manage section From in the form, select Capital Gains via Income...
Wed, 2 Oct, 2024 at 1:12 PM
Description of Main Business
Issue: Field P9 and field P2 in business losses is not allowing a field of more than 36 characters Check the "activity code" not greater that 3...
Thu, 31 Oct, 2024 at 12:04 PM
Applying PRIOR YEAR LOSS
Tax Losses of Earlier Income Years Losses brought forward should be reflected here. Those losses are then available to offset any taxable income. Finally,...
Wed, 2 Oct, 2024 at 9:57 AM
"Validating" Work Related Expenses (D5)
Work-related expenses reported via SBR may not validate without the relevant evidence code. The evidence code guaranteed to validate -
Wed, 2 Oct, 2024 at 11:22 AM
Add Reportable fringe benefits amount
Add a  PAYG via Income section Complete the details including for RFBA "Reportable fringe benefits amount" via IT1 (Note that the section may ...
Wed, 2 Oct, 2024 at 10:02 AM