Individual Tax Return

T1 Seniors & Pensioners (SAPTO) for Widow/er
Make sure to activate "Tax Offset" via manage section  If a person doesn’t have a spouse then "Single" code should be set in  T1 Tax ...
Wed, 2 Oct, 2024 at 11:31 AM
Car Expense for Business
Activate "Business" via manage section  From the form Individual Tax Return (ITR), select "Business" Tab and press the sub type "...
Thu, 31 Oct, 2024 at 12:00 PM
Senior tax Offset (SAPTO)
"Senior and pensioner tax offset" can be found via  "Estimate" tab. Make sure birthdate is correct, or adjust it via "Settings>...
Wed, 2 Oct, 2024 at 9:49 AM
D12 - Personal Superannuation Deductions
Personal superannuation deductions refer to the amounts that individuals can claim as a deduction on their personal income tax return for contributions they...
Wed, 6 Nov, 2024 at 1:34 PM
Spreadsheet Example - Sole Trade Comparatives
See attached spreadsheet example for Sole Trade Comparatives. Related Article: Using LodgeiT Smart Excel Utility to Create Financial Reports for ...
Tue, 14 May, 2024 at 12:09 PM
Capital Allowance Recoupment
Question: Where to put capital allowance recoupments? Answer: Activate "Capital Gains" via manage section Once activated, complete the "W...
Thu, 3 Oct, 2024 at 12:10 PM
Individual Tax Return (ITR) with Partnership (with $20K loss assessable income)
Turn on "Partnership" via manage section (located top right of your ITR form) From "Income" tab, select "Partnership", pres...
Thu, 3 Oct, 2024 at 12:17 PM
Non-Australian Resident with Interest income
Scenario: Taxpayer who is a non-Australian resident and has interest income. If the person was outside Australia when he received interest then amount woul...
Mon, 4 Nov, 2024 at 9:47 AM
Partnership Losses
Assuming a partnership loss is entered under partnership income- You will need to activate "Business" via manage section.   Navigate ...
Tue, 5 Nov, 2024 at 1:46 PM
Part Year Tax Free Threshold
Activate "Adjustments" via manage section For older form (2019) Enter the date of arrival of new resident that is entitled for "A2 - part y...
Thu, 3 Oct, 2024 at 1:29 PM