Overview

When a client enters Small Business Restructuring (SBR), they may need to lodge multiple tax returns and activity statements covering different periods within the same financial year.

For example:

Income Tax

  • Small Business Restructuring 001: 01/07/2025 – 15/04/2026
  • Income Tax 004: 16/04/2026 – 30/06/2026

Activity Statement

  • Small Business Restructuring 002: 01/04/2026 – 15/04/2026
  • Activity Statement 005: 16/04/2026 – 30/06/2026

LodgeiT Limitation

Currently, LodgeiT does not support lodging two income tax returns for the same financial year.

This means that where an SBR arrangement requires two separate income tax returns for the same financial year, both returns cannot be lodged through LodgeiT.

Workaround

For now:

  1. Prepare and lodge one of the required income tax returns through LodgeiT.
  2. Lodge the second income tax return using an alternative method or software that supports multiple tax returns for the same financial year.
  3. Ensure both returns cover the correct periods and are lodged with the ATO as required.

Important

This is a current LodgeiT limitation. The second return should not be created or lodged in LodgeiT as a workaround, as the system does not currently support two tax returns for the same financial year.

If you encounter a similar SBR scenario, verify the required reporting periods before lodging to ensure each return covers the correct period.