LodgeiT

A Company which qualifies as a base rate entity will have failed tax rates during the year of operation.  Income Year Base rate entity tax rate 2018-19 ...

Question:  My client wants to bring back $11,482 tax losses from 2020 to offset 2019 $3,175 ($11,482 X tax rate 27.5%) tax paid. Please let me know where ...

"Previous year Unpaid Income Tax Liability to Carry Back to the Current Year" Question: If we haven’t paid the 2019 Income Tax Liability that we ...

Question: Why does the tax carry back offset not equal the 2020 tax liability? Please see below? It is around $100 different? Answer: The percentage ...

Question: I am preparing CTR for our Private Company which has loss for the 2018 Financial Year.  We don’t have any Joint entity to consolidate as we are o...

There are two methods available for reporting on a Cash Basis in the Company Tax Return 1. Select to import Financials on Cash Basis 2. Adjust out the non...

The accrual method and cash basis are two primary accounting approaches for recording transactions and financial events for businesses and individuals. Thi...

"Decrease in Interest" should  manually add Interest amount in "Gross Interest" section as tax facts to make the difference amount to ze...