We are pleased to inform you that the issue with TPAR (Taxable Payments Annual Report) and TFNR (Closely Held Trusts TFN Report) lodgment errors has been resolved. 

LodgeiT is now receiving proper responses from the ATO, ensuring that lodgment status is accurately reflected within the system.

You can now lodge TPARs & TFNRs as usual, and the status should update correctly in LodgeiT without errors.

Please note: Do not re-lodge any forms that previously showed errors unless you have confirmed they were not lodged successfully on the ATO portal.

Thank you for your patience and cooperation. If you encounter any further issues, please do not hesitate to reach out to our support team.

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.

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.

🚀 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.

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

Watch the videos 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.

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.

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.