LodgeiT

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...

Tax Losses of Earlier Income Years Losses brought forward should be reflected here. Those losses are then available to offset any taxable income. Finally,...

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

Activate "Business" via manage section  From the form Individual Tax Return (ITR), select "Business" Tab and press the sub type "...

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

First, Activate "Business" section via top right of the form "four little square" To record partnership deferred losses, navigate ...

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" ...

Classify Jobkeeper as -  The income will reflect in the tax return as -  Reference: ATO- Tax treatment of JobKeeper Payments ATO - Jobkee...

For Sole Trader with 2 businesses, one is profitable and one is deferred losses. Please watch the video below: Related Article: Using Lodge...