LodgeiT

The way the forms work is that the accounting-related dividend facts are for reconciliation purposes. Tax-related dividend facts must be added separately. P...

Losses are transferred when new report for the next year is created. Also user can rollover anytime from previous year using Rollover button. Currently Cap...

For small businesses (turnover < $10 million) we suggest using simpler depreciation methods. Essentially, you get to write-off all assets that are not fi...

The method of "Cash Basis" is only applicable for QuickBooks and Xero financial import. Learn more The correct approach is using "Accrual&qu...

How to flow dividends through an interposed trust to individual human beneficiaries. Illustration 2: Company has a profit of $100, pays tax of $27...

Flowing dividends as a dividend payment to a trust shareholder and the trust distributing the dividends on to another company benenficiary. Illustration 2:...

Question:  I want to carry back the loss of FY 2019-2020 to offset profit in FY 2018-2019. How it is done in LodgeIT? Answer: From a timing perspective, th...

 "Loss carry back tax offset" calculation. Here is the article from ATO: According to it we're following instructions this way: (1)...

**Loss carry back rules can only be used in the 2021-onward form. ATO guide Loss carry back tax offset tool Note: It is necessary to visit the Reconc...

Click here to learn more about Loss carry back tax offset tool from the ATO guide Note: Loss carry back tax offset cannot be more than Closing franking a...