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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". ...

NOTE: This boost can only be claimed in FY 2023 and 2024 Tax Forms.  ATO Link: https://www.ato.gov.au/forms-and-instructions/company-tax-return-2024-instru...

Tax Genii uncovers information pertaining to company tax, then reasons correctly to determine if a Company is a Base Rate Entity or not. Question: Th...

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...

NOTE: This boost can only be claimed in FY 2023 and 2024 Tax Forms.  ATO Link: https://www.ato.gov.au/forms-and-instructions/company-tax-return-2024-instru...

Select the 'Financial Information' tab, then select the item labeled 'Excess Franking Offsets' item H, fill that section and it will automat...