LodgeiT

The video provides the following guide about the basic of Company Tax Return - Preparation of Company Tax Return Working with imported accounting informa...

You may import accrual-based accounts and convert them to cash basis. Click here "Why Accrual import?"  In the reconciliation section - Adjust i...

Understanding the Reconciliation Section The reconciliation section will only be relevant if you've imported financial statements. LodgeiT forms are ...

In the example below, taxable dividend income is $630 while equivalent accounting income is only $600, creating an increasing reconciling difference of $30....

Complete the capital gains schedule. In this example, 40,000 gain is reported. As it's a company there is no CGT Discount.   This subseq...

In the example below, taxable interest income is $500 while equivalent accounting income is only $500.  Therefore, there is no increasing or decreasing ...

In the example below, taxable partnership income is $5,000 while equivalent accounting income is only $1,560, creating an increasing reconciling difference ...

In the example below, taxable trust income is $1,100 while equivalent accounting income is only $1,200, creating a decreasing reconciling difference of $...

Before attempting to complete a company tax return, be sure to complete the settings for the company. Failure to do so will result in form errors. Fill ALL...

Reporting Partnership, Trust, Interest or Dividend Income in the Company Tax Return Be sure to navigate to each element and complete the relevant tax f...