LodgeiT

Question: How do you add in PAYG Tax Witholding to a BAS?  specifically for W1 and W2 items. Answer: The activity statement (AS) is generated directly from...

Question:  I have a Trust with Losses, and when I import using the Excel importer, it appears to be doubling up the losses in the profit allocation report, ...

Question: I'm trying to complete a tax return for an individual who lives overseas, but it not allowing me to use postcode that is 6 character long. An...

Question: The ledger does not contain additional transactions that I have entered into the Xero file, even if I refresh the import. The Workpaper balance do...

Question: What is the correct method for recording the imputation credits attached to a trust distribution for a company. Answer: It depends what the compa...

Question: Trust making distribution to company. Company receiving distribution - but no franking credit showing. Answer: Franking credits goes to “Distribu...

Question: Im completing CTR. Need to declare Jobkeeper payments at item Q Assesable government industry payments but cannot find how to link to that item fr...

Currently the only default option is Yes (Australian resident). But this value can be rolled over from previous year return. This means reports for the ne...

Taxable Income is the total income which are taxable in the tax return. It's the $100,000 per image below. Amount payable is the either 25% or 30% of...

Refer to this guide about subordinated debt