Recent Q & A

FAQ: Prefill View
Question: Is there an easy way to differentiate which information has been prefilled from the ATO and which has been uploaded from the 'QuickBooks Onli...
Tue, 24 Oct, 2023 at 8:19 AM
Q&A: Carry Forward Losses
Question: Are Carry Forward Losses from ATO Included? Answer: Yes, this is automatically computed and injected to from
Tue, 11 Aug, 2020 at 9:09 PM
Q&A: Income Stream Payment S2 (SMSFAR)
Question: The program automatically takes away the income stream payment from S2 and to me gives an incorrect Closing Balance. (SMSFAR) Answer: Closing bal...
Tue, 11 Aug, 2020 at 9:09 PM
Q&A: Trust - dividend imputed credit validation
Question: This shows a trust return with the frank dividend received  and with a “difference” at the bottom which represents the franking credit. The retu...
Tue, 11 Aug, 2020 at 9:10 PM
Q&A: How do you add in PAYG Tax Witholding to a BAS/Activity Statement?
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...
Fri, 15 Dec, 2023 at 9:06 AM
Q&A: Profit Allocation
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, ...
Sat, 16 Mar, 2024 at 9:44 PM
Q&A: International Address / Overseas Post code
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...
Tue, 11 Aug, 2020 at 9:17 PM
Q&A: Working paper -Ledger
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...
Fri, 20 Oct, 2023 at 9:24 AM
Q&A: Share of Franking Credits / How to input dividend imputation credits on a trust distribution
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...
Tue, 11 Aug, 2020 at 9:46 PM
Q&A: Company not showing trust franking credit from distribution
Question: Trust making distribution to company. Company receiving distribution - but no franking credit showing. Answer: Franking credits goes to “Distribu...
Tue, 11 Aug, 2020 at 9:50 PM