Individual Tax Return
Income of minors is subject to special rules and they may pay tax on certain types of income at a higher rate. Learn more from the ATO - Your income if ...
Wed, 2 Oct, 2024 at 7:57 AM
The ANZSIC Code of "Aged or Disabled Carer" code under "Description of main business or professional activity" does not exist. Please ...
Wed, 13 Nov, 2024 at 1:32 PM
Illustration. A client who owned a property jointly with husband for a period and she owned 100% after divorce settlement, but for entire period she had on...
Thu, 14 Nov, 2024 at 1:08 PM
Illustration. Allocating expenses 50% to both owners of the property. Activate "Capital Gain" via Manage section Select "Income", a...
Thu, 14 Nov, 2024 at 1:05 PM
Error: Total CGT Discount applied amount is incorrect Please turn-off “Utilise losses manually” Via "Income" > "Capital Gain", o...
Thu, 14 Nov, 2024 at 12:57 PM
Activate "Tax Offset" via Managed sections The amount in ‘T2 Australian superannuation income stream’ should include the sum of tax offset...
Wed, 13 Nov, 2024 at 12:53 PM
Make sure to toggle "Australian Resident" as "NO" For worldwide income, fill the NRFI section. Foreign income section is for foreign...
Wed, 20 Nov, 2024 at 3:05 PM
Error: Net non-primary production income or loss must be equal to label Z net income or loss from business. Solution: Please record it in one of the 3 bo...
Thu, 24 Oct, 2024 at 8:29 AM
The sum of A and B is the same as 18V. For Capital Gains, LodgeiT uses design from Capital gains paper schedule. ATO form- https://iorder.com.au/publ...
Fri, 25 Oct, 2024 at 11:31 AM
Question: How do you indicate a business is subject to averaging (primary production/artist etc) ? Answer: The "Income Averaging - Primary Producer&qu...
Fri, 25 Oct, 2024 at 1:42 PM