Hey everyone! 

New tax season is coming and we are excited to announce new product features and updates for you 🎉 You can find our product updates webinar video here here.

Tax Forms 2022

The 2022 Tax forms are now available. LodgeiT will automatically create new forms for you in few days. We will ensure that relevant field values including work-related deductions and rental property addresses will roll forward from 2021 returns. Take a look at the ATO overview of key changes.

ITR ATO Benchmark

The individual income tax return ATO benchmark is an optional feature for current-year returns only. Based on client's occupation, it allows you to receive real-time messages for your clients regarding income and deductions that are unexpected.

Messaging for clients is available for the following labels: interest income and dividend income, work-related expenses, cost of managing tax affairs – other expenses incurred, other deductions – other (D15), rental interest, cost of sales and total expenses for sole traders.

ATO Benchmark will be available on 1st July.

Customize SPFR Financials

Now you can modify a structure of financials on SPFR. Add, rename, delete, drag & drop, collapse groups and line items to get a look you need. 

Additionally, you can duplicate your reports to keep changes for the next reporting period.

QuickBooks Import for BAS Analysers

Import BAS figures from QuickBooks into GST Trade, Payroll and Pay/Refund analysers to find different facts faster and easier. 

Other Improvements

• Export all client relationships to CSV an Excel.
• Integrated account validator now allows summing of any values through a given timeframe by selected type.
• Lodgment and payment due dates as e-sign template variables.

We're excited to announce that now you can create quarterly and monthly financial reports 🙌

If you import financials manually from Excel, make sure to import it on monthly or quarterly basis as well. LodgeiT does it automatically for QuickBooks, Xero and MYOB. 

Fringe benefits tax (FBT) return for 2022 is now available to prepare. You will be able to lodge it from 1st April 2022. 

See the ATO website for FBT rates and instructions.

You don't need to bother sending e-sign reminders manually anymore, LodgeiT will do it for you automatically 🚀

You can configure default sending interval in your company settings or setup it manually for each e-signature request. Read out help guide to know more.

Reminders will be automatically applied to all newly created e-signature requests. For all previously sent e-signatures you should send reminders manually. 

Hey there,

We have some awesome news! 👏 Now, you can insert your signature into a compilation report and modify text below the signature. 

If you have a small practice with a single owner you can automate the process by setting up a default signatory for your firm. Read our help guide

For a practice with multiple owners, the process is manual: a preparer can insert a signature on behalf of an owner directly in a compilation report. Don't worry we will automate it later as well. Read our help guide

All templates were updated to the new signature standard. You can modify the signature text to satisfy your practice requirements by creating your own report templates. Read our help guide

Please, let us know what you think 🧐 

Happy to let you know that you can now distribute capital gains and losses among investors on the capital gains tax schedule. No need to enter the same data twice! 🤓 

The feature is available for income tax returns from 2021 onwards.

You ask, we deliver! 🙌 Now, you can lodge future-year income tax returns. 

Just click to create new tax return and select future-year option in the dropdown.

Future-year returns are available for the following form types:

• individual tax return
• company tax return
• trust tax return
• self-managed super fund return
• partnership tax return

Big news today! 🎉

We're starting to keep a 📝public changelog, so you're always up-to-date with releases, happenings, improvements, and fixes made in LodgeiT.

We base all of our decisions on making you - our customer successful. Therefore, it's our job to make sure you are fully informed about product updates and changes. You may hop into the changelog and take a look at any time or SUBSCRIBE to the feed.

Our in-app notifications will also alert you, so you don't miss a thing.

We look forward to hearing your feedback in the comments.