Individual Tax Return

Adjusted Taxable Income (ATI) and Estimated Total Income
When preparing an individual income tax return, it can be perplexing to determine the source of the Adjusted Taxable Income (ATI) amount. Note that, ATI co...
Wed, 11 Dec, 2024 at 10:04 AM
Why the prefill is going into PSI not to "other labour income"?
Question:  Why the prefill is going into PSI and not just other labour income in normal business income P8 - labour hire."? Answer: ATO prefill report...
Mon, 25 Nov, 2024 at 12:09 PM
Student Loan Repayment (SFSS loan)
Question: Client has PAYG income and investment loss, but at the report it shows no repayment for student loan in FY 2019,2020. Repayment income includes th...
Mon, 25 Nov, 2024 at 12:14 PM
Deductions for Managed Fund
Question: The client has managed fund and has related deduction of management fees. I could not find the place in the managed fund worksheet where I can put...
Mon, 25 Nov, 2024 at 12:38 PM
Child Support
Child support payments are not considered taxable income and therefore do not need to be reported on your tax return.  However, you can include it via "...
Wed, 11 Dec, 2024 at 10:11 AM
Capital Gain Tax (CGT) distribution among investors
User can now distribute capital gains and losses among investors on the capital gains tax schedule. No need to enter the same data twice. The feature is av...
Wed, 11 Dec, 2024 at 10:16 AM
Business worksheet (Financials imported from 'QuickBooks Online')
The "Business" tab in the ITR-Individual Tax Return is an area if an individual needs to report an income and expenses for the business. Note: &q...
Thu, 12 Dec, 2024 at 10:59 AM
Claiming Part Year Threshold with TFN Witholding from Interest Income
Question: My client was claiming part year threshold as he left Australian in January. He has a ton withholding from his interest income, but the system doe...
Thu, 12 Dec, 2024 at 10:55 AM
Unfranked Dividend appears in the Tax Form
Question: A tax return which is auto populating unfranked dividends in both the individual and also the company returns that have NOT been entered or paid. ...
Wed, 11 Dec, 2024 at 10:23 AM
Invalid Carer Tax Offset
LodgeiT calculated by an algorithm and based on the ATO If the result with LodgeiT is not matching with the ATO calculator, please send us the copy...
Wed, 11 Dec, 2024 at 10:32 AM