Recent Q & A
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...
Sun, 26 May, 2024 at 9:23 AM
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...
Tue, 1 Oct, 2024 at 7:58 AM
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...
Sun, 26 May, 2024 at 9:16 AM
Question: Trust making distribution to company. Company receiving distribution - but no franking credit showing. Answer: Franking credits goes to “Distribu...
Sun, 26 May, 2024 at 9:16 AM
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...
Thu, 10 Sep, 2020 at 10:31 AM
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...
Thu, 1 May, 2025 at 8:25 AM
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...
Fri, 28 Mar, 2025 at 11:56 AM
Question: I want to take out some of the line items to the imported financials from my accounting software. How can I do it? Answer: If you use "impo...
Thu, 22 Oct, 2020 at 7:37 AM
Question: CTR net profit / loss in the tax return are not showing as taxable income. Solution: 1. Map accordingly the "Accounts" 2....
Tue, 1 Dec, 2020 at 10:41 AM