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You need to include a bonus amount  this item if all the following conditions apply:  you received the bonus amount, or directed how it is to be dealt wit...

The ATO introduced two measures to support small businesses, the Small Business Technology Investment Boost and the Small Business Skills and Training Boost...

Question: I have processed a clients income tax return including their superannation income stream. I took out the taxable field as it is non taxable as per...

Question: Where we could enter foreign property loss which need to be carry forward? Answer:  If your foreign capital losses exceed your capital gains, yo...

Error: CMN.ATO.INCDTLS.000014 - Superannuation income stream component amounts are incorrect. Answer: The error "CMN.ATO.INCDTLS.000014" is the...

Illustration. The client receives income as a beneficiary of family trust and he is eligible to claim Small Business income tax offset of $1000 in his indi...

Error: CMN.ATO.IITR.40044 - Spouse's or de facto spouse's first name must not exceed 15 Characters. Solution: Make sure to unlock the form f...

Question: Is it possible to have adjustments that the ATO make for super contributions factored into the refund? Answer:  Add via Division 293 tax section ...

Question:  I have a new client with carried forward losses in her individual return. She has Primary Production Losses and Non Primary Losses. Her income t...

Illustration:  A client ITR FY 2023 and she has HECS HELP DEBT $185478. However, her taxable income is 42392. Therefore, based on ATO she should not need t...