Activate the "Business" section.
Note: LodgeiT doesn't support financial statements or depreciation data allocation among multiple business worksheets. You must do it manually. Learn more
Include income from all sources related to the business.
Be sure to report Primary AND/OR Non Primary Business Income via P8
Be sure to report the split. The split MUST reconcile with NET INCOME OR LOSS FROM BUSINESS
Complete the Small Business Income Tax Offset, Learn more
Related Guides
ITR Depreciation: Business and Private use
Depreciation on Business Income in Individual Tax Return (ITR)
Share of Net Small Business Income
Other related guides:
Applying PRIOR YEAR LOSS - Individual Tax Return (ITR)
Business worksheet (Financials imported from 'QuickBooks Online')
See attached spreadsheet example for Sole Trade Comparatives.
Click here to find out on how to edit Financial Statement Report.