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...

Question: My Non-Resident client would need to claim it back from ATO after offsetting the Non-Resident withholding tax at 10% ($1459.77).  Answer: Manuall...

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

To calculate the tax on your taxable income, you need to follow the tax rates and thresholds set by the Australian Taxation Office (ATO) for the relevant f...

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...