LodgeiT

ATO instruction- https://www.ato.gov.au/Individuals/Tax-return/2022/In-detail/Publications/Business-and-professional-items-2022/?page=2#P18_Other_depre...

Question: How to fully depreciate motor vehicle. Answer:  If the car cost limit was applied against the asset. Please create an empty General Pool with...

The "Prime Cost method" calculates: 64200 * (365/365) * 18.75% = 12,037.5, since it's less then OAV, the depreciation is 9683. ATO Link...

Question: Why is "business depreciation expense" populated under 5K being automatically pulled into the field "add: expense reconciliation ad...

Make sure to link them via "Relationship" tab   Create "Depreciation" via LodgeiT "Tools" In one of the spo...

According to ATO instruction https://www.ato.gov.au/forms-and-instructions/trust-tax-return-2023-instructions/instructions-to-complete-the-trust-tax-return/...