Individual Tax Return

Lumpsum E-payment received in Individual Tax Return (ITR)
Open the form and press " Income > PAYG " Add worksheet via "1 - Salary or Wages" Fill via "24 Y Lump sum payments E"
Mon, 7 Sep, 2020 at 12:57 PM
How to revert accrual reports to cash for Individual Tax Return (ITR)
You may import accrual-based accounts and convert them to cash basis. Adjust out current year accounts receivable &/or payable. via  "Business&...
Thu, 13 Aug, 2020 at 2:23 PM
Button: Assessable government industry payments in Individual Tax Return (ITR)
"Assessable government industry payments" button indicates if payments include a fuel grant under the energy grants credits scheme or fuel tax cre...
Mon, 7 Sep, 2020 at 12:58 PM
Handling CashFlow Boost reporting in an Individual Tax Return
Cashflow Boost is under a "Government Industry Receipts" and  its tax free -  classify as Grants   Tax form view Income Tab LodgeiT will r...
Wed, 23 Sep, 2020 at 1:02 PM
How to Record Jobkeeper in an Individual Tax Return (ITR)
Classify Jobkeeper as -  The income will reflect in the tax return as -  Reference: ATO- Tax treatment of JobKeeper Payments ATO - Jobkeep...
Wed, 23 Sep, 2020 at 1:07 PM
Government Super Co-Contribution
Click here to learn more about from ATO - Eligibility for the super co-contribution
Wed, 2 Dec, 2020 at 11:19 AM
Small business tax offset for Individual Tax Return (ITR)
For sole traders SBE amount can be adjusted when you enble SBE indicator on "business income & expenses" page. Please mark small busines...
Thu, 10 Dec, 2020 at 8:35 AM
How to Access Livestock Calculator in the Individual Tax Return (ITR)
Livestock report is stored in the tax form. It can be used as a working paper to compute average cost and closing inventory value. To learn more about the ...
Thu, 4 Mar, 2021 at 11:23 AM
How to add employment termination payments
1. Make sure that PAYG is activated via financial image 2. Once activated, click "Income" > "PAYG". Then, scroll be...
Fri, 15 Jan, 2021 at 8:16 AM
Income Averaging Primary Producer (Rebate)
 Select number of prior years on Estimate step. It has to be chosen to calculate averaging tax offset.  
Tue, 26 Jan, 2021 at 7:12 AM