We’re excited to introduce two powerful new features that make financial reporting even more flexible and professional!

📑 Export financial reports to Word

Now, you can export your financial reports directly to Microsoft Word (.docx). This allows for easier customization, formatting, and branding, giving you full control over your report presentation.

✂️ Custom page breaks

With custom page breaks, you can now manually insert breaks exactly where you need them, ensuring your reports are clean, professional, and easy to read.

✅ Both features are available in the Pro version of Financial Reports and Legal Documents.

We’re improving the way you manage tax depreciation in LodgeiT. You can now add pools and assets directly into the Company, Trust, Partnership and Superfund tax returns.

You can seamlessly migrate existing assets if you’ve used our depreciation tool before. LodgeiT will map pools and assets to their appropriate sections on the tax return, eliminating the need for manual entry.

Supported tax returns

• Company Tax Returns (CTR) – from 2022 onwards
• Trust Tax Returns (TRT) – from 2024 onwards
• Partnership Tax Returns (PTR) – from 2024 onwards
• Self-Managed Super Fund Annual Returns (SMSFAR) – from 2024 onwards

⚡ Quick asset entry

Easily add new assets on a single screen for a faster, more efficient workflow.

As the holiday season approaches, we’re excited to bring you a fresh update to make your workflows smoother and more efficient. Here’s what’s new and noteworthy:

🎁 Updates

1️⃣ CGT Worksheet Updates
You can now correctly split the "Less costs incurred" among the owners in the CGT worksheet.

2️⃣ Work Dashboard Export
You can now export your work items to Excel or CSV! Access this feature via the 3-dot menu on your dashboard or visit the Export Page.

3️⃣ Filter for Not Suspended Forms
We’ve added a Not Suspended filter to the work and form dashboards, helping you focus only on active, non-suspended forms. This feature will be available starting 26th December. 

📅 Holiday Support and Schedule

✅ ATO Systems Availability
Great news! The ATO systems will remain operational during the Christmas shutdown period with no planned maintenance.

🕒 LodgeiT Support Team Holiday Schedule
Our Support Team will be taking a festive break from 5 PM AWST on Friday, 20th December 2024, and we’ll be back in full swing on 6th January 2025. While response times may be a little slower, rest assured, we’re still here to help with any urgent concerns. 

From all of us at LodgeiT, we’d like to wish you a Merry Christmas and a Happy New Year! May your holidays be filled with joy, relaxation, and plenty of good cheer.
Thank you for being part of our journey in 2024. We look forward to an exciting year ahead with you!

Warm regards,
The LodgeiT Team

🖨️ Print lodgment receipts

You can now easily print your lodgment receipts! Just click the Print button on the tax return lodgment receipt page to save a hard copy or a digital version for your records.

🔓 Unlock lodged forms

Now you can unlock lodged forms. It can help in cases when you need to relodge the form. You can also set permissions to control who has access to this feature, ensuring secure and managed use. 

You now have the ability to unlock lodged forms, which is particularly useful if you need to relodge a form. Additionally, you can set permissions to control who is able to unlock forms.  

⚠️ End of support for certain ATO forms

Please be informed that that effective immediately, we will no longer support the following ATO forms:

• CTR (2011–2013)
• TRT (2011–2013)
• PS (2011–2017)
• SMSFAR (2012–2013)
• IEE (2010–2020)
• FTER (2011–2020)

This decision is due to the Australian Taxation Office (ATO) deactivating support for these services, meaning they are no longer available for submission.

You can find the list of forms supported by LodgeiT here.

✅ TPAR & TFNR Lodgment Issue Resolved

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.

We're excited to announce a series of new features and updates designed to enhance your experience and improve the efficiency of your workflows. Here’s what’s new:

🔑 User permissions

• View and edit TFNs. You can now configure user permissions to control who can view and edit Tax File Numbers (TFNs) within your practice, ensuring sensitive information is accessed only by authorized personnel.
• Fetch, view and download ATO EFT reports. Configure user permissions to fetch, view, and download ATO Electronic Funds Transfer (EFT) reports. This feature allows you to manage access to crucial financial data within your practice.

🔗 Copy e-signature link

After sending an e-signature request, you can now copy the signing link for each recipient. This feature is especially useful if you need to share the link through alternative channels, ensuring that your documents are signed quickly and efficiently.

📝 Customize signatories in legal documents

You can now manually add signatories to legal documents and financial reports, offering greater flexibility in managing your documents.

📃 Individual tax return updates

• Depreciation worksheets are now available for Foreign Rental properties (FY 2020 onwards).
• Automatic conversion of foreign currency to AUD in the foreign income section (FY 2020 onwards).
• Automatic calculation of franking credits in the dividends worksheet (FY 2024 onwards).

🔔 Other updates

• Support for 4 decimal places in the Share Register.
• Added Client Code and Mobile fields to e-signature email templates.

We hope these new features and updates help streamline your processes and provide even more value to your work. As always, we’re here to support you, so please reach out if you have any questions or feedback.

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! 

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.

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.

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.

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.

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.

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.