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 ...

Small business depreciation isn’t imported for non-deductible expenses in case of SBE rules. User only needs to fill 10A in Depreciation tab and 6X in Proft...

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 de...

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...