LodgeiT

Question: Please advise how LodgeiT calculate the Invalid and Valid Carer Tax Offset? Answer: This algorithm is used https://www.ato.gov.au/forms/withholdi...

Question: When doing individual tax return, there is prefilling interest from ATO and causing showing difference in the interest section. Please see the fol...

Question: My Non-Resident client would need to claim it back from ATO after offsetting the Non-Resident withholding tax at 10% ($1459.77). Do I put in the d...

 There is an option where you can show or hide this notional tax section. User can set “Show PAYG instalments payable” to NO. Section will be hidden.

Question: I have a client who is not an Australian resident in FY2020 and have share investments during the year. And there are some CGT events in 2020. How...

Question: TRADE CREDITORS not appearing automatically in the reconciliation section? Answer: According to ATO Accounts payable should not be included in 7W...

Question:I have imputed a temporary full expensing for sole trader under P11, but the payable amount is the same before and after I include the assets? Is t...

LodgeiT doesn't calculate FITO. The user should calculate FITO limit manually Via Worksheet Foreign income tax offset is the sum of Foreign tax paid a...

References: Medical Exemption from Medicare Levy Division 4: Medicare Levy M1 Medicare Levy Reduction

Question: We claimed this for a client and the ATO called us as the amount calculated by the system is incorrect. it used her Basic taxable income instead o...