Recent Q & A

Customise Financial line items
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
Net PL NOT showing as taxable income
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
"Owned, or had interest in, assets located outside Australia with total value of AUD $50,000 or more"
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
Tax on Bank interest for non residents
Question: Tax on Bank interest for non residents, these people should be charged at 10% tax but are taxed at 32.5% .  if the taxpayer is a non resident (no...
Mon, 21 Apr, 2025 at 6:53 PM
Employee share schemes / Transferred total supplement income or loss
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
Retained earnings to distribute to beneficiaries
Question: Problem with the FY report . The report keeps generating retained earnings where income needs to be distributed to beneficiary ? Answer:  Please...
Sat, 16 Mar, 2024 at 9:41 PM
Round off (nearest integer)
Question: Stuff is rounding DOWN even when above 50 cents. Answer: Note, each amount (franked, unfranked, franking credit) should be rounded down to neares...
Mon, 24 May, 2021 at 7:06 AM
Lodge tax return without ABN
SBR doesn't allow to lodge tax returns without ABN, unless is a business intermediary who lodges tax return on behalf of 
Tue, 8 Jun, 2021 at 11:00 AM
TFN is a must to lodge CTR
Question: I am trying to submit a CTR for my company but it's asking for TFN. I don't have a TFN for my company. How do I obtain this? Answer: Is t...
Tue, 22 Jun, 2021 at 9:37 AM
Medicare Calculation (Visa 417 and 482)
Question: I have a worker who has moved from a 417 Visa to a 482 Visa in Sep 2019. He was also exempt from medicare until the 13 Jan 2020. However it appear...
Tue, 6 Jul, 2021 at 8:17 AM