Individual Tax Return

Description of Main Business for Individual Tax Return (ITR)
Issue: Field P9 and field P2 in business losses is not allowing a field of more than 36 characters Solution: Check the "activity code&quo...
Tue, 11 Aug, 2020 at 7:40 PM
Where to Enter Fringe Benefit into Individual Tax Return (ITR)
Add a  PAYG Complete the details including for RFBA. (Note that the section may already be prefilled by the ATO)
Mon, 7 Sep, 2020 at 12:45 PM
Foreign Source Income - Individual Tax Return (ITR)
Be sure to activate the section via the 4 squares via Top right of the form. 20 E Add Gross Assessable Foreign Source Income here.  i.e. before related e...
Mon, 7 Sep, 2020 at 12:47 PM
Applying PRIOR YEAR LOSS - Individual Tax Return (ITR)
Tax Losses of Earlier Income Years Losses brought forward should be reflected here. Those losses are then available to offset any taxable income. Finally,...
Tue, 10 Nov, 2020 at 11:57 AM
Individual Tax Return (ITR) with Partnership (with $20K loss assessable income)
Turn on "Partnership" from "4 little square" (located top right of your ITR form) From "Income" tab, select &qu...
Mon, 7 Sep, 2020 at 12:49 PM
Low Value Pool (Business Related) Individual Tax Return
Make sure to complete the following information to avoid error in the forms. Setting -> General  Setting  -> Contact Details To Add ITR Form In yo...
Fri, 27 Mar, 2020 at 11:29 AM
Non-Australian Resident with Interest income - Individual Tax Return (ITR)
Taxpayer who is a non-Australian resident and has interest income. In this case, there is 10% tax on interest income for non-residents. User doesn't ...
Wed, 31 Mar, 2021 at 9:33 AM
Partnership Losses - Individual Tax Return (ITR)
Assuming a partnership loss is entered under partnership income, Then you will need to activate business information in order to report the partnership los...
Tue, 11 Aug, 2020 at 7:44 PM
Part Year Tax Free Threshold - Individual Tax Return (ITR)
 Turn-on Financial Image in LodgeiT Go to Form, Click the "Four Little squares" Turn-on "Adjustment" image After Turning-on "...
Mon, 15 Feb, 2021 at 10:50 AM
Personal Superannuation Deductions in Individual Tax Return (ITR
To add a personal super deduction -  1. Select the form, click the four little square located in the upper right section. 2. Activate other expenses. ...
Tue, 11 Aug, 2020 at 7:49 PM