Superannuation Fund Tax Return

SMSF Total income
Question: SMSF form not transferring taxable income to summary only expenses. Answer: Total income is not included in taxable income when question 10 is YE...
Thu, 7 Apr, 2022 at 9:13 AM
Franking Credits in SMSF
Question:  Franking Credits doesn't appear on my return Answer: Franking Credits should be manually entered on SMSF's tax return.   
Mon, 6 Jun, 2022 at 10:46 AM
Franking credits related to the exempt current pension
Question: If the Question "Did the fund have any other income that was assessable" is answered NO, the Exempt current pension income amount doesn&...
Mon, 6 Jun, 2022 at 12:07 PM
SMSF with Multiple Rental Property Deductions
Add the depreciation amount under "Other Depreciation", total amount will be shown under E1 "Decline in Value of depreciating assets"
Thu, 9 Jun, 2022 at 1:03 PM
SMSF Rent
Question: How to add rent in SMSF Answer: You can find it in "Income" section
Fri, 10 Jun, 2022 at 8:36 AM
Item 8: Status of SMSF
Question: Why is tax not 15% flat for SMSF?  Answer: For complying funds tax is 15%. For non-complying is 45%
Fri, 23 Sep, 2022 at 11:42 AM
Tax for"Members" in SMSF
Users can only put the figures manually into the "Members" section per individual.
Fri, 30 Sep, 2022 at 8:46 AM
Section F & G: Supplementary Member Information (SMSF)
Question: How to fill the Member's "Date of Death" in the SMSF? Answer: You have to fill via Member > "Section G" stands for pre...
Mon, 21 Nov, 2022 at 7:34 AM
SIS Levy
Question: I am doing the tax return for a new self managed super fund, as its the first year, they should not have to pay the SIS levy but its showing on th...
Wed, 5 Apr, 2023 at 12:43 PM
Adding Auditor in SMSF
Choose what's suitable for you: 1. Adding Auditor details (as client in LodgeiT), then you will link to in your tax form 2. Other way around, if ...
Fri, 26 May, 2023 at 9:48 AM