Individual Tax Return

Validating Work Expenses for Individual Tax Return (ITR)
Work-related expenses reported via SBR may not validate without the relevant evidence code. The evidence code guaranteed to validate -
Thu, 16 May, 2024 at 7:47 AM
Spreadsheet Example - Sole Trade Comparatives
See attached spreadsheet example for Sole Trade Comparatives. Related Article: Using LodgeiT Smart Excel Utility to Create Financial Reports for ...
Tue, 14 May, 2024 at 12:09 PM
Where to Enter Fringe Benefit into Individual Tax Return (ITR)
Add a  PAYG Complete the details including for RFBA. (Note that the section may already be prefilled by the ATO)
Mon, 7 Sep, 2020 at 12:45 PM
SAPTO for Widow/er for Individual Tax Return (ITR)
If a person doesn’t have a spouse then Single code should be set in  T1. Dependent children are not taken into account.  Example: The Seniors and pensio...
Thu, 27 Jul, 2023 at 1:40 PM
Senior tax Offset (SAPTO) for Individual Tax Return (ITR)
"Senior and pensioner tax offset" can be found via  "Estimate" tab. Make sure birthdate is correct, or adjust it via "Settings>...
Fri, 6 Jan, 2023 at 1:22 PM
Personal Superannuation Deductions in Individual Tax Return (ITR)
Personal superannuation deductions refer to the amounts that individuals can claim as a deduction on their personal income tax return for contributions they...
Thu, 16 May, 2024 at 10:20 AM
Applying PRIOR YEAR LOSS - Individual Tax Return (ITR)
Tax Losses of Earlier Income Years Losses brought forward should be reflected here. Those losses are then available to offset any taxable income. Finally,...
Mon, 13 May, 2024 at 2:06 PM
Individual Tax Return (ITR) with Partnership (with $20K loss assessable income)
Turn on "Partnership" from "4 little square" (located top right of your ITR form) From "Income" tab, select &qu...
Mon, 7 Sep, 2020 at 12:49 PM
Non-Australian Resident with Interest income - Individual Tax Return (ITR)
Taxpayer who is a non-Australian resident and has interest income. If the person was outside Australia when he received interest then amount would be taxed...
Sat, 7 Aug, 2021 at 10:53 PM
Partnership Losses - Individual Tax Return (ITR)
Assuming a partnership loss is entered under partnership income- You will need to activate "Business" via manage section. Navigat...
Thu, 16 May, 2024 at 8:33 AM