LodgeiT

Understanding the requirements for handling company tax losses and how to deal with a current year tax loss in a company. For CTR Form, it is necessar...

Learn how to apply brought forward revenue losses against current year losses in a company.  This video demonstrates the use of the losses's schedule. ...

Navigate to the Reconciliation section. Scroll to the bottom - Item 7R. Apply the necessary loss here that either utilises all the retained losses or utili...

This is how to enter Foreign Source Income and Rebate within a Company tax Return, Be sure to activate the "Tax Offset" section via the 4 squares...

A company must complete an international dealings schedule if the company has written an amount or Y (for yes) at certain questions in its CTR listed below ...

Learn more from the ATO

If PSI is received by a company (personal services entity), it is still treated as the individual’s PSI for tax purposes. from imported financials ...

Question:  R & D loss not offset against expenses. Needs to be transposed to Item 7 label D in the CTR. The Total Notional R&D deductions  R&D...

Illustration: The business has $108,972 Carry FORWARD loss at box "13U-Tax losses carried forward to later income years", and it needs to carry ba...

An eligible company will be entitled to an R&D tax offset if its total notional deductions for an income year are at least $20,000. If your total notion...