Recent Q & A
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...
Tue, 10 Jan, 2023 at 7:11 AM
Taxable Income is the total income which are taxable based on what is in the Profit & Loss tab. Amount payable is the amount 27.5% of the taxable incom...
Thu, 22 Oct, 2020 at 7:31 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: I try to fill CGT schedule for an individual tax return however i am unable to find Main residence exemption under Exemption Type. Answer: Curren...
Thu, 22 Oct, 2020 at 8:49 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
Question: I am finalising SMSF RETURN 2019, the tax on taxable income doesn't look right. SMSF pays 15% but LodgeIT says a lot more. Answer: All ...
Wed, 27 Jan, 2021 at 8:32 AM
Question: Where can I find "Owned, or had interest in, assets located outside Australia with total value of AUD $50,000 or more" in Individual Tax...
Wed, 27 Jan, 2021 at 9:42 AM
Question: How to enter this in ITR? Answer: This amount is the total amount, and it can be visible only on printed return. Users cannot enter them dire...
Mon, 19 Apr, 2021 at 1:20 PM