Individual Tax Return

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...
Mon, 14 Feb, 2022 at 10:10 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...
Wed, 18 Oct, 2023 at 11:32 AM
How to "Deactivate" Business in Individual Tax Return (ITR)?
Question: How to disable the Business Income from the ITR? it has no "Business" activity to report. Answer:  Please make sure there are no inf...
Wed, 9 Mar, 2022 at 9:40 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 2021. He has a ton withholding from his interest income, but the syste...
Fri, 11 Mar, 2022 at 9:24 AM
Unfranked Dividend appears in ITR
Question: I have a tax return which is auto populating unfranked dividends in both the individual and also the company returns that have NOT been entered or...
Fri, 11 Mar, 2022 at 12:34 PM
Invalid Carer Tax Offset
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...
Wed, 6 Apr, 2022 at 10:47 AM
Interest "Difference" in Individual Tax Return (ATO Prefill)
Question: When doing individual tax return, there is prefilling interest from ATO and causing showing difference in the interest section. Please see the fol...
Wed, 30 Mar, 2022 at 10:06 PM
Claiming back the withholding tax for non-resident
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...
Thu, 7 Apr, 2022 at 1:46 PM
Notional Tax Section
 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.
Fri, 29 Apr, 2022 at 8:10 AM
Foreign Resident Capital Gain Tax
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...
Fri, 6 May, 2022 at 6:36 AM