Individual Tax Return

Low Family Income / Repayment Threshold for HECS
Question: Client has earnt above higher education loan repayments threshold however LodgeIT is not picking up the reportable fringe benefits amount so there...
Mon, 6 Jun, 2022 at 8:35 AM
Adjusted Taxable Income (ATI) and Estimated Total Income
Question: I am preparing an individual income tax return and am mystified as to where the Adjusted taxable income amount is coming from.  Answer:  ATI ...
Sat, 25 Mar, 2023 at 12:04 PM
Why the prefill is going into PSI not to "other labour income"?
Question:  Why the prefill is going into PSI and not just other labour income in normal business income P8 - labour hire."? Answer: ATO prefill report...
Wed, 17 Nov, 2021 at 9:02 AM
Student Loan Repayment (SFSS loan)
Question: Client has PAYG income and investment loss, but at the report it shows no repayment for student loan in FY 2019,2020. Repayment income includes th...
Mon, 20 Dec, 2021 at 11:15 AM
Deductions for Managed Fund
Question: The client has managed fund and has related deduction of management fees. I could not find the place in the managed fund worksheet where I can put...
Mon, 20 Dec, 2021 at 9:46 AM
Child Support
Question: How do I record child support in my income . there is a option in spouse section showing how much I have received, but then it required all spouse...
Thu, 3 Feb, 2022 at 7:37 AM
CGT distribution among investors
User can now distribute capital gains and losses among investors on the capital gains tax schedule. No need to enter the same data twice. The feature is av...
Mon, 14 Feb, 2022 at 10:10 AM
Business worksheet (Financials imported from 'QuickBooks Online')
The "Business" tab in the ITR-Individual Tax Return is an area if an individual needs to report an income and expenses for the business. Note: &q...
Wed, 18 Oct, 2023 at 11:32 AM
Claiming Part Year Threshold with TFN Witholding from Interest Income
Question: My client was claiming part year threshold as he left Australian in January 2021. He has a ton withholding from his interest income, but the syste...
Fri, 11 Mar, 2022 at 9:24 AM
Unfranked Dividend appears in Individual Tax Return (ITR)
Question: I have a tax return which is auto populating unfranked dividends in both the individual and also the company returns that have NOT been entered or...
Fri, 7 Jun, 2024 at 2:20 PM