Individual: Business

Description of Main Business
Issue: Field P9 and field P2 in business losses is not allowing a field of more than 36 characters Check the "activity code" not greater that 3...
Thu, 31 Oct, 2024 at 12:04 PM
Applying PRIOR YEAR LOSS
Tax Losses of Earlier Income Years Losses brought forward should be reflected here. Those losses are then available to offset any taxable income. Finally,...
Wed, 2 Oct, 2024 at 9:57 AM
Business & PSI Income
Start by activating Business reporting, via financial image Navigate to Business Activate PSI & report "Yes" if and necessary. Learn mo...
Thu, 31 Oct, 2024 at 12:20 PM
Car Expense for Business
Activate "Business" via manage section  From the form Individual Tax Return (ITR), select "Business" Tab and press the sub type "...
Thu, 31 Oct, 2024 at 12:00 PM
Completing the Business Section of Individual Tax Return (ITR)
Activate the "Business" section. Note: LodgeiT doesn't support financial statements or depreciation data allocation among multiple business w...
Thu, 31 Oct, 2024 at 12:12 PM
How to use Deferred Business Losses
First, Activate "Business" section via top right of the form "four little square" To record partnership deferred losses, navigate ...
Wed, 6 Nov, 2024 at 1:36 PM
PSI - Item 14 - Individual Tax Return (ITR)
Personal services income (PSI) is income produced mainly (more than 50%) from your skills or efforts as an individual. Activate  "Business" ...
Thu, 31 Oct, 2024 at 12:23 PM