LodgeiT

The reconciliation section of a tax return allows the accounting income to be reconciled to the taxable income. The reason for this is that certain income i...

In the example below, taxable dividend income is $630 while equivalent accounting income is only $600, creating an increasing reconciling difference of $30....

The reconciliation section of a tax return allows the accounting income to be reconciled to the taxable income. The reason for this is that certain income i...

Question: Non deductible expenses in Company Return. The system is picking up the wrong super amount from the balance sheet in non-deductible expenses Ans...

Question: Is there any way to populate these worksheets if we have already created Borrowing costs schedules under "Tools > Borrowing costs". ...

The ATO introduced two measures to support small businesses, the Small Business Technology Investment Boost and the Small Business Skills and Training Boost...

Question: The tax rate is calcualated at 30% whereas rate should be 25% of the small business return. How am I able to edit the rate? Solution: Please enab...

Borrowing costs are deductible to the extent that they are incurred for the purpose of producing assessable income, but they may need to be amortised over t...