Individual Tax Return
Estimated total income is the gross income from all sources less certain deductions, such as expenses, allowances and reliefs. If you are married or in a ci...
Sat, 25 Mar, 2023 at 11:59 AM
Make sure to use correct "Type", and system automatically calculating, depending on the "Purchase date" of the item. You may a...
Wed, 28 Jun, 2023 at 7:11 AM
Question: This client received First Home Saver Scheme amount during the year. The release approval was in 2022 and hence the amount should be shown in 2022...
Wed, 17 May, 2023 at 1:26 PM
The Excess Concessional Contributions are counted as personal assessable income taxed at the marginal tax rate. Learn more from the ATO LodgeiT has a wo...
Tue, 23 May, 2023 at 11:20 AM
Question: For NAB shares, there is a capital gain of $2,129.27. For property sale, there is a capital gain of $19,418.10. Both amounts have been utilised. T...
Thu, 25 May, 2023 at 10:36 AM
This "Trust Account Consent Authority" inside the Individual Tax Returns, is a declaration to be completed if the tax payer requests the deduct fe...
Mon, 24 Jul, 2023 at 10:44 AM
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...
Fri, 15 Sep, 2023 at 10:30 AM
The ATO introduced two measures to support small businesses, the Small Business Technology Investment Boost and the Small Business Skills and Training Boost...
Tue, 1 Aug, 2023 at 12:28 PM
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...
Wed, 2 Aug, 2023 at 1:14 PM
Question: Where we could enter foreign property loss which need to be carry forward? Answer: Foreign property can be recorded at 20 Foreign rent. Th...
Wed, 16 Aug, 2023 at 8:32 AM