LodgeiT

To calculate the tax on your taxable income, you need to follow the tax rates and thresholds set by the Australian Taxation Office (ATO) for the relevant f...

How Tax Estimate is calculated for part-year resident Working Holiday Maker? Lodgeit’s calculation also counts tax for Working Holiday Maker (WHM). If the...

Question:  CGT discount on capital gains from Managed Funds is not available. Answer: Please fill “Capital gains – discount method”

In this article: Item J- PSI cannot be negative Net PSI Loss Amendments relating to personal services income Net PSI loss reduces overall table income....

TABLE OF CONTENTS Update Occupation Code Occupation not Listed Update Occupation Code The occupation codes and descriptions in LodgeiT are sourced ...

Make sure to activate "PAYG" Via "Income", press "PAYG", update it via Item 1 Salary or Wages Open the existing pa...

Question:  How to put capital losses in the managed fund section and offset these against capital gains? Answer: Other refundable tax offsets: exploration ...

There is a field “Additional Information for the ATO (Other Attachments Schedule)” at the end of Individual section. Note: this is visible to ATO. You ...

Question: How to add in Prior Year Capital Losses. Solution: Go to "Income" tab > Capital Gains > Prior year net capital losses> clic...

Activate the "Tax Offset" via Manage Selection  Go to "Offsets" tab Under Offset tab go to T4  then click "Edit" ...