LodgeiT

Question: TRADE CREDITORS not appearing automatically in the reconciliation section? Answer: According to ATO Accounts payable should not be included in 7W...

Question:I have imputed a temporary full expensing for sole trader under P11, but the payable amount is the same before and after I include the assets? Is t...

LodgeiT doesn't calculate FITO. The user should calculate FITO limit manually Via Worksheet Foreign income tax offset is the sum of Foreign tax paid a...

References: Medical Exemption from Medicare Levy Division 4: Medicare Levy M1 Medicare Levy Reduction

Question: We claimed this for a client and the ATO called us as the amount calculated by the system is incorrect. it used her Basic taxable income instead o...

Foreign and temporary residents are subject to CGT only on taxable Australian property, such as real estate in Australia and assets used to carry on a busin...

Question: May I know what are these two figures? Answer: Estimated total income, your gross income from all sources less certain deductions, such as e...

Consider the "Resident Tax Rates" 

How Tax Estimate is calculated for part-year resident Working Holiday Maker? Lodgeit’s calculation also counts tax for Working Holiday Maker (WHM). If the...

Question:  CGT discount on capital gains from Managed Funds is not available. Answer: Please fill “Capital gains – discount method”