Lodgeit

Help debt calculates automatically in Lodgeit. Please check and confirm using this calculator, https://atotaxcalculator.com.au/help-debt  Note that...

Example 1 Question:  If there is a HECS debt repayment, it seems to add this to the amount of the refund due? Answer: This is correct. HECS repayment ...

Note: Repayment cannot be more than accumulated debt.  In "Print Options", make sure to activate "Complete" for "Tax...

Question: Client has earnt above higher education loan repayments threshold however Lodgeit is not picking up the reportable fringe benefits amount so there...

Non-residents subject to final withholding tax (e.i., 10% on interest, 30% on unfranked dividends per section 128B ITAA 1937) may claim excess as a credit o...

"Notional Tax Section" is available via "Estimate" tab Then, scroll through the part "PAYG instalments payable". If you want...

Overview If the Tax on Taxable Income amount in a LodgeiT Individual Tax Return (ITR) appears incorrect, review the taxpayer's personal details, t...

How Tax Estimate is calculated for part-year resident Working Holiday Maker? Lodgeit’s calculation also counts tax for Working Holiday Maker (WHM). If the...

Question: How do you indicate a business is subject to averaging (primary production/artist etc) ? Answer: The "Income Averaging - Primary Producer&qu...

Illustration:  A client ITR FY 2023 and she has HECS HELP DEBT $185478. However, her taxable income is 42392. Therefore, based on ATO she should not need t...