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Changelog byAnnounceKit

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Announcement
10 months ago

📢 Tax Season 2024

The new tax season is coming and we are excited to announce the following updates for you.

Tax Forms 2024

The 2024 tax forms are now available. LodgeiT will automatically create new forms for you in a few days, ensuring that relevant field values are carried forward from your 2023 returns. Check out the ATO's overview of key changes.

Please note that pre-filling data is available for tax returns from 1 July as ATO receives it, with most data being available by the end of July.

Tax Depreciation Report

You can generate and print the tax depreciation report for assets added using the new method directly within the tax return. Simply go to Reports > Tax Depreciation and select a tax return. This feature is currently available only for individuals. 

Loan Agreement Templates

We added 2 new templates for legal documents:

  • Loan Agreement - Div7A 7 Years.
  • Loan Agreement - Div7A 25 Years.

Feedback

We would love to hear your feedback, so please leave a comment here or send us an email to support@lodgeit.net.au.

Announcement
11 months ago

📢 What's New In June 2024

Create and sign legal documents seamlessly with our new template library in LodgeiT, and efficiently manage tax depreciation by directly adding pools and assets into tax returns.

Legal Documents 🤓

Now you can create and sign legal documents directly in LodgeiT. Choose from our template library or customize your own with ease. LodgeiT will automatically fill in all client details, streamlining your workflow and saving you time.

Our template library includes: Engagement Letter, Company Constitution, Minutes of Meeting of Directors, Trust Distribution for Corporate and Individual Trustees.

Choose the payment option that suits you best: buy a package or pay per document, with e-signatures included. Take advantage of our 30% discount — prices start as low as $1.56 per report when you purchase a package with the discount. For detailed pricing, please visit your billing page. Keep in mind that purchased documents will expire at the end of the subscription period.

Watch our demo video to learn more.

Depreciation on Tax Returns 🚀

We are changing the way you add tax depreciation. You can now add pools and assets directly into the tax return. It is now available for individual income tax returns starting from the 2020 tax year. This new method will soon be available for other types of tax returns as well. 

You can easily migrate pools and assets into the tax return. You will be prompted if you previously used our depreciation tool. LodgeiT will map pools and assets to their appropriate sections on the tax return, eliminating the need for manual entry.

On 1 July 2025, you will no longer be able to run tax depreciation using the old method. It will be used only for accounting depreciation.

QuickBooks ProAdvisor Subscription ✨

We have automated the ProAdvisor subscription activation and renewal process. To activate your subscription, visit the ProAdvisor page in QuickBooks for Accountants. If you previously used a coupon code for activation, please wait until your subscription expires and then click Renew on your billing page in LodgeiT. Next year, your subscription will renew automatically as long as you maintain an active connection to your QuickBooks Online Accountant file.

For any issues, please contact our support team.

Announcement
a year ago

📢 What's New in April 2024

🚀 Import FBT from Excel

Utilize our template to import your FBT return directly from Excel. Feel free to enhance the template by incorporating extra sheets for your calculations, streamlining the input process.

💲FBT return price changes

Effective immediately, all FBT lodgments will adopt the pricing structure of Income Tax Returns. For further details, please visit our pricing page.

🛑 TFND form support ends in April 2024

We are discontinuing support for Tax File Number Declaration (TFND) forms as of April 26, 2024. We urge all users to ensure they lodge their TFNDs prior to this date to avoid any inconveniences. For continued access to the TFND form, we advise transitioning to a payroll software solution. We recommend QuickBooks, which includes a comprehensive Payroll system, as an efficient alternative for managing your TFND requirements. Please make arrangements to update your processes accordingly to ensure a smooth transition.

🤖 Tax Genii

Try out Tax Genii, our Ai Tax Research assistant. Experiment with Chat & Browse. Try different data sources - Google & ATO Website. For more information, read our help guide.

🔄 Update existing clients during client import

Now, you have the option to update existing client records when importing clients. Please note, all fields of an existing client will be replaced with the data from the imported file, including fields not presented in the file. Fore more information, read our help guide.

If you have any questions do not hesitate to contact us at support@lodgeit.net.au.

new
a year ago

🎅 December 2023

Merry Christmas to all our valued users! 

As the year draws to a close, we're thrilled to present our special Christmas release! Filled with enhancements and new features, we're adding a touch of holiday magic to your experience. 

What's New 

🎁 Cash-Basis Financials: Ho ho ho! Now you can choose the cash basis accounting method when importing financial statements from QuickBooks and Xero.

🎁 Statement of Cash Flows: Unwrap our manual version of the Statement of Cash Flows - Indirect Method, now included in all our financial reports. It's our gift to you for more streamlined financial reporting!

🎁 Not-for-Profit Financials Report (Beta): In the spirit of giving, we've added a financial report template for non-profit organisations. It's available as a paid financial report. Please feel free to contact support@lodgeit.net.au with any feedback you may have on the template. You can find the template here.

🎁 Overseas Levy Section: The Income Tax Return Estimate (2020 onwards) now includes an Overseas Levy section, bringing more clarity to your clients.

🎁 Decimal Quantity in Shares Module: With decimal quantity now available in the Shares module, managing cryptocurrencies is as easy as pie... or should we say, Christmas pudding!

🎁 Enhanced Flexibility in Financial Reports: Manual fields in financial reports can now reference notes, and you can modify client signature text. Tailor your reports like you would a Christmas list!

🎁 More Relationship Types: When adding a new relationship, you can now select multiple types. Ensure everyone is connected this Christmas!

🎁 Prefill on Income Tax Returns: Take more time to enjoy the holidays with prefill options for professional and primary averaging income, as well as annuities on Income Tax Returns.

🎁 Client Age on Quick View: Keep an eye on client details with the age display on Quick View. Just in time for sending those birthday and holiday greetings! 

Wishing you a season filled with joy, peace, and prosperity. Enjoy these updates and may they bring efficiency and cheer to your festive season! 

new
a year ago

Trust Account Authority Declaration

Hey 👋

We've added the ability to include the Trust Account Consent Authority declaration on Individual Tax Returns. Simply, select the Fee From Refund option on a tax return and if there is a refund, the declaration is added to the printed version for the client to sign.

Please note that this is a pre-build template and cannot be customised.


new
a year ago

📢 What's New in June 2023

Hey everyone! 

The new tax season is coming and we are excited to announce new product features and updates for you. Watch the Pro Power Hour webinar to find out more about the latest updates in detail with Andrew Noble.

Tax Forms 2023 🤓

The 2023 tax forms are now available. LodgeiT will automatically create new forms for you in a few days. We will ensure that relevant field values will roll forward from 2022 returns. Check out the ATO's overview of key changes.

Please note that pre-filling data is available for tax returns from 1 July as ATO receives it, with most data being available by the end of July.

Advanced Financial Reports 🚀

We've been working hard to build the next generation of financial reporting.

Here is what you can do:
  👉 Create and customise financial notes.
  👉 Add up to 12 comparison periods.
  👉 Add, remove and change the order of your report blocks.
  👉 Use automatically numbered headings.
  💲 Play first, pay later. Try all the features before buying. 
  📺 Watch our demo video to learn more.

You can buy a package or pay per report. Prices start just at $6.59 per report if you buy a package. Please note that purchased reports expire within the subscription period. Check your billing page for detailed pricing.

You still can use the basic version of financial reports for free.

Sign up for our Financial Reports Workshop to learn more in detail.

Teams & Client Access 🔒

Now you can easily configure and see who is responsible for particular clients by organising colleagues into teams and assigning them to client groups or clients. We have also introduced an outside collaborator role, who can only access the clients and work they are assigned to.

Here is what you can do:
  👉 Create teams and add members to them.
  👉 Assign members and teams to clients and client groups.
  👉 Mark clients as private to hide them from other colleagues.
  👉 Filter your work by client assignee.
  👉 Invite outside collaborators.
  👉 Upload your profile photo in the account settings.  
  📺 Watch our demo video to learn more.

Please try it and let us know what you think.

Default Contact Source on Tax Returns 📞

Now you can configure a default contact source on a tax return separately for a postal address, phone and email. You can configure it to automatically populate with your details, client details or carry forward them from a prior year tax return. Additionally, you can override any option in the client settings.

Activity Statement Substantiation Declaration 📃

We added an option to include the substantiation declaration for activity statements.

SMS Two-Factor Authentication 📲

We highly recommend switching your second-factor authentication to an authenticator app, as SMS is not a reliable way to do it. You can change it in your account settings. 

For new users, SMS as the second-factor authentication is not available anymore. 

Feedback ⭐

We would love to hear your feedback, so please leave a comment here or send us an email to support@lodgeit.net.au.

Announcement
a year ago

Accziom Beta

Today, we are opening Accziom Beta. Accziom is our newest product designed to help you accelerate trade and make more money.

The system includes:
  • Dealmaking including client engagement through to direct debit/payment.
  • Ability to build a referral marketplace where you build rich business relationships & referral revenue streams.

Watch the videos here.

Please consider joining our Beta project, if you have the following attributes or inclinations:
  • Business is in your blood and you like trying new approaches to making money.
  • You like trying new business technologies and are happy to provide feedback, especially if you get rewarded.
  • The templating tools we are bringing to LodgeiT with advanced report building and to Accziom with services details descriptors require people who enjoy technical design work. We are going to reward users who build useful templates for our merchant community.
  • You are generally interested in accounting tech and want to follow our community-building journey.
  • You enjoy reading and understanding complex tax legislation. You want to comment on scenarios and queries run through Tax Genii built on GPT-4 - Watch a YouTube demo.
  • You'd like to try some coding techniques involving accounting report generator tools - Watch a YouTube Demo.

A video demo of our report building technology - Watch here.

Another template approach to building service questionnaires - Watch here.

After signing up, please head over and join our Beta Community.

Help us help you build the future of business!

Should you have queries please send us an email through support@accziom.com.

Announcement
2 years ago

BGL SimpleFund 360 integration

BGL Simple Fund 360 is an intelligent, cloud-based SMSF software for accountants to efficiently manage the administration of self-managed superannuation funds.

Today, we are happy to announce that we now support importing SMSF annual tax returns from BGL SimpleFund 360. This feature can only be used for 2022FY onwards. Read our help guide for more details.

new
2 years ago

March 2023 Release Notes

ATO SmartDocs integration

We are delighted to announce that we've integrated with the ATO SmartDocs. You can now export your LodgeiT client and tax return lists and import them into the ATO SmartDocs. See the Export page for available export options.

2023 Fringe benefits tax (FBT) return

The 2023 Fringe benefits tax (FBT) return is now available to prepare. You can lodge it from1st April 2023.

See the ATO website for FBT rates and instructions.

Other changes

  • Batch actions to assign/reset tags for accounts.
  • Select where to allocate franked distribution deductions on the Trust Tax Return.
  • Add more than one row to the capital proceeds field on the CGT worksheet.
  • Rollover borrowing worksheets on the Company Tax Return to the future years.
  • We added "Primary Contact Name" and "Primary Contact Email" fields to the clients export.
  • Export tax forms for archived clients.


new
2 years ago

January 2023 Release Notes

ATOmate integration

We are happy to announce our integration with ATOmate. Now you can export your LodgeiT client and tax return lists and import it into ATOmate. Read the help guide.

Division 293 worksheet

We added a worksheet to calculate additional tax on concessional contributions (Division 293). You can find the worksheet on the ITR Estimate section.

Weekly and fortnightly hire purchase

Now you can add HPs with weekly and fortnightly payment periods.

BGL Simple Fund integration beta

We are working on an integration with BGL Simple Fund for importing tax returns. If you would like to participate in our beta-testing please contact us at support@lodgeit.net.au.