LodgeiT

It is important to use the correct tax code for your private health otherwise the tax calculations made by LodgeiT may be different than what you would expe...

Question: Why the Medicare Levy does not reduce when client is only a resident for 10 months?  Answer:  Please fill M1-V or M1-W in this case. It will redu...

Question: Why isn’t John Doe being levied with the Medicare Levy Surcharge?, it't not coming up to the "Estimate"  Answer:  MLS is 0$ ...

Start by activating Business reporting, via financial image Navigate to Business Activate PSI & report "Yes" if and necessary. Learn mo...

Activate the "Business" section. Note: LodgeiT doesn't support financial statements or depreciation data allocation among multiple business w...

Personal services income (PSI) is income produced mainly (more than 50%) from your skills or efforts as an individual. Activate  "Business" ...

Question: I have a tax return with PSI. How do i allocate the   from the business section to PSI  Solution: Add a tag "Personal Service Income" ...

Short refund return should only be used in the case where there is only dividends and franking credits in an Individual Tax Return. In "Income Tax Ret...

The "Rental Worksheet is automatically linked/synched as long as the partner/spouse is built from the "Relationship" tab. In this case,...

For Rental Properties, you need to manually add them in FORMS, because Accounting facts is not injected (ie not injected via import of financials). Also, m...