LodgeiT

Question: While distributing Trust income, the Capital Gain not reflecting via Beneficiaries Tax Return Answer: Capital Gain is posted in the "Benefic...

Question: I have a Fixed Unit Trust that is a small business entity. 100% of it distributes to a Discretionary Trust. This trust distributes to a family gro...

Scenario: Trust distribution to non-resident (distribution paid to non-resident) Via "Individual Tax Return", press Income > Trust Sele...

TFNWR - Closely Held Trust Annual Withholding Report TFNR - Closely Held Trust  TFN Report Learn more from the ATO about TFNWR - Closely Held Trust Annu...

If you operate your business as a trust, and you incur a tax loss, you cannot distribute the loss to the trust’s beneficiaries. Instead, losses must be quar...

Here is how the distribution of trust income to the beneficiary works in LodgeiT.  LodgeiT supports transfer of capital gain only to individual beneficiari...

Illustration" This Trust form has 3 beneficiaries: 2 of them (Lizza and Arisu) built via LodgeiT "Relationship", and there is no option t...

Make sure to activate "Business" via manage section.  Go to Financials and click Accounts.  There should be an Income figure mapped a...

Demonstrates how to handle the reporting of trust income given that the accounting income may well be different to the tax income.  Shows how to understand...

This video demonstrates how to handle the reporting of interest given that the accounting interest may well be different to the tax interest.  Shows how to...