LodgeiT

In the 1997 tax ACT, we find the following - There are some CGT events for which there is no capital loss.

Using https://taxgenii.lodgeit.net.au to find such a scenario - >

If you dispose of cryptocurrency, a CGT event A1 will be triggered. However, if you sell the coins within 30 days of receiving them at a 'deferred taxing point,' no CGT gain or loss will arise.

Tax Genii

The Australian Taxation Office (ATO) has recently reported a high adjustment rate of 78% in work-related expense claims for returns lodged through tax agents. As a result, the ATO will intensify its audit efforts in 2024, specifically targeting deductions claimed for working from home. The key areas of focus will include:

Claims for home running costs under the newly introduced fixed-rate method.
Expenses related to home occupancy, such as mortgage interest, council rates, and building insurance.
Depreciation deductions for office furniture and equipment.
Understanding these changes is crucial for anyone planning to claim these deductions. It’s important to ensure that your claims are accurate and comply with the new guidelines to avoid potential audits.

The crackdown will not only cover home office-related deductions but also extend to other areas. These include the implications of renting out properties on short-term holiday rental platforms like Airbnb, common errors in motor vehicle claims under depreciation rules, and issues with self-education expense claims.

Staying informed and cautious with your expense claims will be more important than ever in 2024. Make sure to keep abreast of these developments to ensure your tax affairs are in order.

LodgeiT is designed for family offices and businesses with well-maintained accounting systems. Easy to use and cost effective.
https://lodgeit.net.au/

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

Create Statutory Financial Reports from all popular client-side software including Xero & QBO.

Special Purpose Financial Reports and Statements Tool – SPFR - LODGEiT Financial Reports and Statements Tool – Financial Report The LodgeiT SPFR Module is designed to streamline and automate the production of Financial Reports and Statements. Unlike other reporting systems, the LodgeiT Module relies on a single import and classification exercise to populate Working P...

Tax software for businesses operating via company, trust or partnership. Lodge from $60.
Learn more here - https://lodgeit.net.au/

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

Don't grind your life away. Get LodgeiT and make tax a breeze.

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

With LodgeiT you get tax software with the power of a dedicated team of tax experts.

Perfect for D.I.Y -
Company
Trust
Partnership
SMSF.
Connects to your favourite accounting software.
Includes -
Tax Genii - able to answer all your complex tax questions.
Human support - for when you want a hand.

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

Extreme automation performance for your tax lodgement needs -
https://lodgeit.net.au/

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

LodgeiT Fringe Benefit Tax Return (FBT)
Learn more here- https://lodgeit.net.au/fringe-benefit/

Tax Genii
Easily surface relevant tax legislation. Digest short summaries. Dive into the detail. Get suggestions on what to search next.
Be sure to try Chat & Browse functions. Also try the different data sources.
Try now!

Tax Genii

Learn more here- https://lodgeit.net.au/

Company tax returns - LODGEiT Company Tax Returns If you use MYOB Account Right/Essentials, Excel or any other systems, Xero, QuickBooks Online you can effortlessly automate your business tax processes. LodgeiT makes lodging your company tax return simple with just 7 steps to get started: STEP 01 Sign up to use LodgeiT STEP 05 C...

🚀 Big News! is leveling up our X/Twitter game with a Pro subscription! 🌟 Stay tuned for exclusive tips, updates, and insights making tax prep a breeze. Accountants and bookkeepers, get ready for a streamlined experience. Follow us for the latest in ! 📊🔍

Got your accounting up to date in your favourite accounting software? Easy import and dynamic fill

Register now - https://go.lodgeit.net.au/signup

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

I can only show you the door, you're the one that has to walk through it" – Morpheus (The Matrix)

LodgeiT provides dynamic import from all downstream accounting systems. It is truly agnostic and designed to streamline your tax compliance activities.

Register now - https://go.lodgeit.net.au/signup

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

Tax software designed for those firms servicing clients across all major accounting software.
No need to key data - fully automated fill processes.

Home - LODGEiT LodgeiT is your all-in-one, multi-functional tax software designed to provide accurate, superfast tax form preparation and lodgement. Our goal is to make life simple and easy for accountants and bookeepers doing tax returns for clients – as well as people who need to lodge company, trust, or partn...

Try Tax Genii now!! Ask the complex tax question you can imagine.

Tax Genii V2 Selecting a data source - either scraped ATO database or real time Google search of ATO database.Chatting or browsing the content surfaced in the form of the...

https://youtu.be/Gh2EhFTnY7U

GPT & Division 7A A LodgeiT Finance Wizard land on ChatGPT

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https://www.news.com.au/finance/money/tax/ato-warns-landlords-on-correctly-reporting-income-deductions/news-story/acfcdb1642cff0cf65318092b9d8e035

Blunt warning on common tax ‘mistake’ Tax authorities will be keeping a close eye on landlords this year after seeing repeated mistakes on returns.