FBT JobPapers for 2024 NewThe 2024 version of our working paper file for FBT jobs is now available for download. Updates to the calculator this year include –
And just a reminder that this JobPaper can be used for all employer types (taxable, exempt or rebatable) and has worksheets to calculate all benefits to be shown on the FBT return form. You can access a video on this calculator at Main Menu/Videos or click on this link to view it on our YouTube channel. Calculations/2024/JobPapers/FBT 10 Apr 2024 |
Hire Purchase Calculators (2023 and later)With the exception of the Hire Purchase Summary and Hire Purchase Payout calculators, each calculator can now be used for any contract date on or before the year end of that calculator. e.g. For a contract beginning on 15/02/19 you can now use the 2023 or 2024 calculator. Previously you had to navigate back to the file for the financial year during which the contract began (2019 in our example). The Journal worksheet now reconciles journals with the schedule. Calculations/2023 & 2024/Hire Purchase etc 3 Feb 2024 |
Tax Planning 2024 NewOur tax planning workbook for 2024 is now available for download. With this calculator you can –
For a demonstration of this calculator in action go to the video on our YouTube channel. Make sure that your quality setting in YouTube is HD. Calculations/2024/Tax Planning 25 Jan 2024 |
BAS JobPapers 2024 UpdatedThe formulas and protection have been removed from the opening balance cells in the reconciliation sections for GST and Payroll to enable use of this working paper part-way through the year and to allow the entry of an opening balance for clients with a quarterly cycle at the quarterly section (previously had to enter at the July sheet). Calculations/2024/JobPapers BAS 19 Jan 2024 |
Rental Income Calculators UpdatesThis calculator has been updated to add an “Other” column for expenses paid directly by the owner rather than via their agent – Calculations/2023/Rental Income – Foreign These calculators have been updated to include descriptions for borrowing expenses, capital allowances, capital works (interest was already included) and when these amounts are added to the “Other” column, you can now reconcile net rent in our calculator with the clients’ rental income schedule on their return – Calculations/2023/Rental Income – Foreign 12 Jan 2024 |
Effective Tax Rate – User Request NewCalculate the effective tax rate for your client group. This calculator can be used for any year so you will find it under Financial Calculations. Calculations/Financial/Effective Tax Rate 8 Jan 2024 |
Small Business Boosts – User Request NewCalculate the bonus deductions claimable under the Small Business Technology Investment Boost and the Small Business Skills & Training Boost. Calculations/2023/Small Business – Technology Boost and Small Business – Skills Boost 27 Oct 2023 |
BAS – 2024 UpdatedJust one file now and select the entity type at the dashboard. New features include –
Calculations/2024/JobPapers/BAS 6 Oct 2023 |
Rental Income – Foreign – User RequestSummarise rental income and expenses in a foreign currency and convert to AUD. Add your own exchange rates for any country not listed. Calculations/2019 – 2023/Rental Income – Foreign 27 Aug 2023 |
Lodgement Manager – Returns (2023)Take control of your ATO lodgements with this interactive lodgement dashboard. Import your lodgement report from the ATO portal and a client report from your practice software to produce a dashboard showing –
Using our new practice import wizard, import up to 3 levels of reporting data for each client from your practice software. Reporting levels may include Accountants, Partners, Office Locations or whatever you need. These are just 3 examples of the questions that this lodgement manager can answer for you instantly –
Calculations/2023/Lodgment Manager – Returns 21 Aug 2023 |
Working papers for individual returns for a client and their partner (2023)This new addition to our JobPaper collection has been requested by a number of our users. Keep all of your supporting records, reports and calculations for both returns together in this file and make use of the handy job management tools and Accountants Desktop templates included with the workbook. Calculations/2023/Returns – Individual 4 Aug 2023 |
Working From Home Expenses (2023)This calculation is the Home Office Expenses workbook from 2022 but updated with an improved layout and expanded help. It calculates the running expenses claimable where your client works from home, using the revised fixed rate and/or actual costs methods. If applicable, it calculates occupancy (place of business) deductions for those self-employed or business owner clients or for those employee clients without an employer provided place to work. It also inlcudes a handy business use calculator to calculate the proportion of expenses deductible based on floor area and time used. Calculations/2023/Working From Home 26 Jul 2023 |
Property Investment AnalysisThanks to a request from one of our users, this calculator now allows you to analyse a potential property investment over any period from 1 to 10 years. Calculations/Budgets & Projections/Property Investment Analysis 23 Jun 2023 |
FBT – Cars (2023)Our existing calculator has been updated to include the following new features –
Calculations/2023/FBT – Cars 6 April 2023 |
Tax Planning (2023)April is a good time to do some tax planning with your clients. The 2023 version of our tax planning workbook has now been uploaded to the Calculations module. Features include –
Calculations/2023/Tax Planning 6 April 2023 |
Rental Income – ReconciliationReconcile rental income and deductions from agent and client records with multiple rental income schedules on the client’s tax return. Calculations/2022/Rental Income – Reconciliation 6 Mar 2023 |
JobPapers for Annual Accounts – Company, Trust, Partnership or Sole TraderA new template calculation, Loan – Related Party, has been added to these JobPapers. Calculations/2022/JobPapers 5 Dec 2022 |
Loan – Related PartyAmortise a related party loan, calculate daily interest, closing balance and payout amount. Calculations/2022 & 2023/Loan – Related Party 3 Dec 2022 |
Foreign Income Tax OffsetConvert foreign income, deductions and tax paid to AUD, calculate the offset limit and amount claimable. Calculations/2022/Foreign Income Tax Offset 30 Nov 2022 |
Lodgement Manager – ReturnsNow manage lodgement of client returns in an interactive dashboard using up to 3 user-defined reporting levels. Calculations/2022/Lodgement Manager – Returns 23 Oct 2022 |
Interest – Related PartyCalculate interest on a related party loan. Calculations/2022 & 2023/Interest – Related Party 10 Oct 2022 |
CGT – DiscountCalculate the CGT discount percentage for an individual with periods of foreign ownership. This is a stand-alone version of the calculation in CGT – Property. Calculations/2022 & 2023/CGT – Discount 1 Aug 2022 |
CGT – PropertyNow calculating the CGT discount for periods of non-residency. Calculations/2022 and later/CGT – Property 13 July 2022 |
CGT – Small Business ConcessionsDetermine your client’s eligibility for the small business CGT concessions and calculate the gain. This Q & A style workbook includes the following –
Use this calculator either before the event for tax planning purposes or after the event to complete the client’s income tax return. Calculations/2021 and later/CGT – Small Business 13 June 2022 |
Tax Planning 2022For any entity type –
Video (13:08) 7 March 2022 |
FBT – CarsUse this calculator in place of FBT JobPapers if you just want to calculate the taxable value of a car fringe benefit. Calculations/2021/FBT – Cars 25 November 2021 |
PAYG, GST & FBT Instalment VariationsCalculate and keep together all variations to PAYG, GST or FBT instalments for the year. These are stand-alone versions of the sheets included with our new BAS Jobpapers below. Calculations/2022/FBT Instalment Variation 20 November 2021 |
BAS JobpapersAll new Jobpapers for activity statements are now available for the year ended 30 June 2022. Their features include –
Calculations/2022/Jobpapers – BAS 14 Nov 2021 |
CGTNew video demonstrating our CGT worksheets covering the sale of property, shares and cryptocurrency. Main Menu/Videos 25 Oct 2021 |
Hire PurchaseSee our video demonstrating the different hire purchase calculators available. Main Menu/Videos 22 Sep 2021 |
Query SheetThis new Microsoft Word version of our query sheet now contains a table for queries and responses which can be copied directly into your email to the client. Forms/Query Sheet 20 Sep 2021 |
Lodgement ManagerNew video uploaded showing how to use these calculators Calculations/2021/Lodgement Manager – Returns & BAS 26 Aug 2021 |
Account SummarySummarise and reconcile any bank, credit card or loan account. Calculations/2021/Account Summary 14 Aug 2021 |
Updated Lodgement Manager – ReturnsNow import an ATO “All Clients” return lodgement report along with a client manager report from your system to manage practice obligations for lodgement of client income tax returns. With just 3 clicks to load the information to the dashboard, you will be able to slice and dice the data to view all desired combinations of returns and managers. Calculations/2021/Lodgement Manager – Returns 9 Aug 2021 |
Updated Lodgement Manager – BASNow import an ATO not-lodged activity statement report along with a BAS manager report from your system to manage practice obligations for lodgement of client activity statements. With just 3 clicks to load the information to the dashboard, you will be able to slice and dice the data to view all desired combinations of activity statements and managers. Now comparing BAS manager performance. Calculations/2021/Lodgement Manager – BAS 4 Aug 2021 |
Division 7A Loan RegisterIf you have a company with multiple year loans to multiple borrowers and want a summary to reconcile with your general ledger, use this register to paste the relevant figures in the amortisation summary from each file and all loans will be displayed in an interactive dashboard. Calculations/Division 7A 25 Jul 2021 |
JobPapers UpdateWe have commenced progressively releasing our new JobPaper collection of Excel workbooks, all included under your current annual subscription. A JobPaper is an Excel workbook with multiple worksheets, template calculations and a dashboard designed for use in a specific job type in your practice. Each JobPaper has its own built-in menu for easy navigation. When used in conjunction with a PDF copy of client records and a PDF editor, a JobPaper forms an essential part of a paperless platform for managing and completing a job in your practice, all contained in one file and saved in your document management system for easy retrieval. In addition to including the relevant Accountants Desktop template calculations for the job type, each workbook also comes with checklists for job procedures and pre and post job admin tasks (all customisable), a to do list, a queries sheet, sheets for file notes and job-related communications, a dedicated records sheet, as well as several worksheets for specific tax and accounting reports and calculations. All in one file! At the end of the workbook there are blank worksheets to use for any other purpose. The following JobPapers have now been released – * 2020 annual accounts for a company The final stage of our JobPaper collection is expected to be released in May/June and will include the following 2021 JobPapers: * BAS for a company If you want some suggestions on working without paper in an accounting practice and see how JobPapers can form an integral part of that process, check out our short video on YouTube here. Links to videos with Adobe and Excel tips will be released with the JobPapers. |
Blackhole ExpenditureUse this workbook to write off over 5 years certain business capital expenditure (“blackhole expenditure”) not denied by some other provision. See immediate deductions for small & medium businesses below. Eligible Costs Small & Medium Businesses Calculations/2020 18 May 2021 |
Rental Income – Private UseSummarise rental income and expenses and calculate tax deductible amounts for a property with private use (e.g. Airbnb). Enter the floor areas of the property and income producing area along with the period or total nights used for private and income producing purposes for automatic calculation of the deductible amounts. Calculations/2020 & 2021 19 February 2021 |
Tax Planning Workbooks Rolled Forward to 2021 Project annual profit, estimate taxable income and calculate tax payable by the business and their owners for 2021. Explore ways to defer or save tax. Separate workbooks for companies and non-companies. Calculations/2021 19 February 2021 |
CGT – CryptocurrencyCalculate the profit or loss and capital gain or loss on multiple disposals of cryptocurrency. Enter unlimited purchases for each sale and select which parcels to sell based on the desired outcome. Calculate the quantity and cost base of the remaining currencies where there was a partial disposal. Calculations/2020 and later years 10 October 2020 |
Superannuation – Unused Concessional Contributions Cap RegisterCalculate, and maintain a register of, unused concessional superannuation contribution caps. Calculate increased maximum caps each year where applicable and project expiry year of unused cap amounts. Calculations/2020 and later years 23 August 2020 |
Personal Tax Return Checklists (3)The 2020 versions of these checklists have now been uploaded to the “Forms” module. 28 June 2020 |
Spending AnalysisAnalyse personal spending over a period of time by comparing movement in assets and liabilities with income received. Calculations/Financial/Spending Analysis 15 June 2020 |
Prepayment ScheduleCalculate deductions claimable over their eligible service periods for prepayments made in either the current or prior financial year(s). Calculations/2019 and later years 24 January 2020 |
Hire Purchase WeeklyNew workbook to calculate interest, borrowing costs and end of financial year balances on hire purchase finance with regular weekly payments. Calculations/2019 and later years 18 January 2020 |
Tax Planning Workbooks for 2020Both workbooks have been updated for 2020 and have an improved layout for easier navigation. An additional DIY worksheet has been included to enable your own calculations or to insert supporting documents. Calculations/2020/Tax Planning – Company, Tax Planning – Non-Company 9 January 2020 |
CGT – PropertyImproved layout for easier navigation. This worksheet now allows entry of unlimited periods of private use or business use of main residence. Ideal for sale of a property used for mixed purposes, including listing on Airbnb. An additional DIY worksheet has been included to enable your own calculations or to insert supporting documents. Calculations/2019 and later years 3 January 2020 |
Apportion by DateThis calculation has been updated with the following new features –
Use this worksheet to analyse the use of an income producing asset, such as a rental property or Airbnb listing, to calculate the deductions claimable against income received over multiple periods of mixed use. Calculations/Financial Calculations/Apportion by Date 2 January 2020 |
ATO Audit – Asset BettermentUse this workbook to project possible results under an ATO audit based on asset betterment. Calculations/2018/ATO Audit – Asset Betterment 18 March 2019 |
Lodgement Manager – BASDownload an ATO not lodged activity statement report for your practice and import it into this workbook for an in-depth analysis of your BAS lodgement obligations. The features include –
This workbook will quickly put you in control of your ATO lodgement requirements. Calculations/2018 and later years 6 January 2019 |
Company Tax RateDetermine the company tax rate for 2018 by analysing base rate entity passive income (BREPI) and aggregated turnover. Trace passive income received as part of multiple distributions from partnerships or trusts. Calculations/2018 and later years 16 December 2018 |
Livestock – Forced DisposalCalculate tax profit on the forced disposal or death of livestock. Show profit to be spread across 5 years under option 1 and alternatively allow entry of replacement livestock for automatic calculation of reduction to those costs to absorb the deferred profit under option 2. Calculations/Year 8 November 2018 |
Lodgement Manager – ReturnsDownload an ATO lodgement status report for your practice and import it into this workbook for an in-depth analysis of your practice lodgement program. The features include –
This workbook will quickly put you in control of your ATO lodgement requirements. Calculations/2018 and later years 12 October 2018 |
Defined Benefit Income Cap ToolThis is a link to the ATO website to calculate the defined benefit income cap, the assessable amount to be included in the tax return and the amount of the tax offset that may be allowable. Calculations/2018/Defined Benefit Income Cap Tool 27 September 2018 |
Personal BudgetThis is a non-expiring monthly budget for use by your clients in managing their personal finances. The workbook has been protected but without a password. We recommend that you review this budget, make any changes to accommodate your preferences, including adding your practice name and/or logo and then use a password to protect the budget worksheet before giving it to your clients. The features of this budget include –
Calculations/Budgets & Projections/Budget – Personal 25 September 2018 |
Franking Credit – Convert to LossFor a company tax return, convert excess non-refundable franking offsets to an equivalent tax loss. Calculations/2018 and later years 12 August 2018 |
Stock – Private UseThis workbook calculates the amounts that the ATO will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in named industries. Calculations/2018 and later years 11 August 2018 |
Depreciation – Balancing Adjustment & Capital Gain/(Loss)This workbook will calculate the assessable or deductible balancing adjustment, and if applicable the capital gain/(loss), on disposal of an asset depreciated under the uniform capital allowance system. It will also calculate the reductions to be made to the cost and termination value if the asset is a car and its cost exceeded the car limit and calculate the reductions to the balancing adjustment and capital gain/(loss) to reflect private use of the asset. Notional calculations are also shown for use in client accounting if applicable. You can use this workbook to calculate the required figures when preparing a client’s tax return should your software not perform these calculations. You can also use the workbook before the financial year has ended to advise your client on the tax implications of disposing of the asset. Calculations/2018 & 2019 8 July 2018 |
Apportion by ValueThis handy calculator will allow you to enter a set of values to calculate the total value and relative proportion of each component and enter an amount for apportionment. Examples of how this workbook could be used include –
Calculations/Financial 17 May 2018 |
Workplace Rights & Obligations for Small BusinessThe Fair Work Ombudsman’s (FWO) new Small Business Showcase is a virtual hub containing a wealth of tools and resources to help you meet your workplace responsibilities. The Showcase helps you understand and deal with key workplace issues like hiring, minimum wages and keeping accurate records. It also includes:
Library/W 12 May 2018 |
Charge-out Rate CalculatorCalculate the charge-out rate for a small business service provider. Calculations/Budgets & Projections/Charge-out Rate Calculator 28 Apr 2018 |
Break-even AnalysisCalculate the revenue required from either the sale of goods or services to break even. Features include –
Calculations/Budgets & Projections/Break-even Analysis 27 Apr 2018 |
Vary Quarterly PAYG Instalments for an IndividualEstimate the quarterly PAYG instalment amount or rate for a variation for an individual. Prepare up to 4 variations for a client and retain a full record of their PAYG instalment variations in the one file. Features include –
Calculations/2018 and later years 18 Apr 2018 |
Apportion by DateThis handy calculator will allow you to enter a date range and compare excluded periods within that range with the full period, giving total days, excluded days and percentage thereof and enter an amount for apportionment. Examples of how this workbook could be used include –
Calculations/Financial 31 Mar 2018 |
FBT 2018Fringe benefits tax calculations, letters and forms for 2018 are now available on our site. 19 Mar 2018 |
Retirement PlannerUse this workbook to help your clients plan for their retirement by projecting growth in their investments and superannuation balances to determine whether the accumulated funds will provide them with a comfortable retirement. See more information at the workbook page and Calculations/About Each Workbook. Calculations/Budgets & Projections/Retirement Planner 16 Mar 2018 |
ATO Small Business BenchmarksThe 2017 version of this calculation (now shown under Calculations/2017) has been updated to include the latest benchmarks released by the ATO on 21 February 2018 from 2016 returns. Calculations/2017 and later years 21 Feb 2018 |
Profit ManagerAnalyse your client’s Trading/Profit & Loss Statement and explore the various options for improving their bottom line. Enter changes (up or down) to the following performance indicators for clients with either trading or services income (or both) and view the effect on their profit –
It will only take a few minutes to enter the summarised data from your client’s most recent financial report and you can then consider the various options in a meeting with your client. Calculations/Budgets & Projections/Profit Manager 15 Feb 2018 |
Fee ScheduleUse our new schedule of fees template (in Microsoft Word) to set up a schedule for your practice. Providing new or existing clients with this information is a good way to manage their expectations in relation to the fees you charge for your services. Forms/Fee Schedule 7 Feb 2018 |
BAS Workpapers – Cashbook Quarterly (2018)This workbook can be used where the client provides bank and credit card account statements and you want to enter transactions and reconcile with closing balances for up to six separate accounts. As with other BAS workpapers, this workbook produces a summary of GST collected and paid for quarter for the preparation of Business Activity Statements, along with an annual summary of transactions for the preparation of the client’s income tax return. Calculations/2018 and later years 4 Feb 2018 |
Tax Planning (2018)Two separate tax planning workbooks (for companies and non-companies) for 2018 are now available to project annual profit, estimate taxable income & tax payable and devise ways to defer or save tax. Calculations/2018/Tax Planning Company/Non-Company 16 Jan 2018 |
PAYG Withholding – Pay Estimate – Fortnightly WagesCalculate fortnightly gross wages and PAYGW based on variable net wages of business owners. Calculations/2018/PAYGW – Pay Estimate Fortnightly 17 Nov 2017 |
PAYG Withholding VariationsFour workbooks have been rolled forward to 2018 to assist with projections for PAYG Withholding Variations for the year ended 30 June 2018. They include projections for rental income and expenses, depreciation of fixtures and fittings, interest on investment loans and motor vehicle expenses. 2 May 2017 |
FBTWe have added our fringe benefits tax calculator for use with all employer and fringe benefit types for the year ended 31 March 2017. The workbook includes calculation of FBT payable where applicable, calculation of the value of benefits for an employee contribution and a summary of all benefits by type and employee. 6 April 2017 |
Fixed Price AgreementCalculate fees and periodic payments for a client entering into a fixed price agreement with your practice. This workbook provides for multiple jobs spread across multiple related client entities and includes automatic calculation of fees based on the prior year fee and a markup or enter your own fee. Payments are calculated on either a weekly, fortnightly or monthly basis. 22 Feb 2017 |
Profit & Tax Projections for 2017Two separate versions of this workbook (for companies and other entities) have been rolled forward to 2017. 8 Feb 2017 |
CGT – SharesThe 2016 and 2017 versions of this workbook have been updated to include cost per share. 14 Nov 2016 |
Hire Purchase FortnightlyCalculate interest, borrowing expenses and end of year balances on a standard hire purchase contract with regular fortnightly payments. 14 Oct 2016 |
Tax & Super Debt – CompanyEnter a weekly or monthly summary of income, expenses with GST, wages and PAYG withholding to calculate amounts to be set aside for subsequent payment of GST, PAYG Withholding, PAYG Instalments (or Income Tax), Superannuation and FBT. This workbook will also estimate the client’s annual tax liability and allow the use of separate (updated) quarterly rates for PAYGI and separate quarterly amounts for Superannuation and FBT instalments. If you are maintaining a separate bank account for these future liabilities, the workbook allows entry of all transactions and will reconcile those figures and the calculated balance with bank statements. This is an essential resource for your small business clients or investors who are struggling to pay their tax and superannuation debts. Use this workbook as a consulting tool in your practice (or even for your practice) or give it to your client after calculating and entering a PAYG instalment rate for each quarter. 10 Oct 2016 |
New Site LaunchedThere has been a complete rebuild of the site with the following new features –
20 Sept 2016 |
Hire Purchase CalculationsThree hire purchase workbooks have been rolled forward to 2017 – Calculations/2017/Hire Purchase Payout 8 Sep 2016 |
Primary Producer Trading AccountsPrepare trading accounts for a primary producer, including separate worksheets for Livestock (with quantities), Produce and Other income. A separate sheet summarises the figures for the client’s tax return. Calculations/2016/Primary Producer Trading 31 Aug 2016 |
2016 Personal Tax ChecklistsThree checklists have been added for personal tax returns for the year ended 30 June 2016. Each checklist is available in both PDF and Microsoft Word format. They are – Records Checklist Short – Forms/Records 13 Jun 2016 2016 Trust DistributionsEstimate trust accounting distributions required for the trustee resolution by 30 June to achieve a desired taxable distribution for each beneficiary and prepare the resolution itself which forms part of the workbook. Calculations/2016/Trust Distributions – Resolution 1 Jun 2016 Present Entitlement Register – Private Company BeneficiaryFor those discretionary trust ledgers which have not separated the present entitlements of a private company beneficiary each year into sub-accounts, this workbook will track those entitlements and automatically allocate payments and offsets against the appropriate years. It will also identify any UPEs which will be subject to the deemed dividend rules under Division 7A. To speed up data entry, export data from the ledger into a spreadsheet and copy and paste into this workbook. Calculations/2015/Present Entitlement Register 24 May 2016 BAS Summary & ReconciliationsThe latest version (2016) of this workbook includes a sheet which reconciles the FBT Expense and Liability shown in the accounts with instalments paid to the ATO and the FBT return itself. Calculations/2016/BAS Summary & Reconciliations 17 May 2016 ATO Small Business BenchmarksAll ATO benchmarks now come in one workbook and the client’s industry can be selected from a drop down list. These latest figures were recently published by the ATO from information contained in 2014 income tax returns and activity statements. Calculations/ATO Benchmarks 10 May 2016 FBT CalculatorThis 2016 workbook will calculate the taxable value of the full range of fringe benefits. It also includes a separate summary for the FBT return with calculations for all employer types and a summary of benefits by employee, including calculation of reportable fringe benefits to be shown on payment summaries. The 2015 workbook has been updated with the new style and smaller file size. Calculations/2016/FBT Calculator 29 Mar 2016 Tax Planning Workbooks for 2016Project annual profit from part-year accounts (practice software or client accounting systems such as Xero, MYOB, QuickBooks, etc), estimate taxable income and tax payable by the company, individual owner, partners or beneficiaries as applicable and calculate tax savings using tax planning measures. Calculations/2016/Profit & Tax Projection (Companies and Others) 2 Jan 2016 Age Based Contribution LimitsWe have added a handy reference table to quickly determine the effect of a client’s age on their ability to contribute to super. Rates/Superannuation/Contribution Limits by Age 1 Dec 2015 Business Income ScheduleWorksheet to prepare figures for up to 5 separate businesses with consolidated figures to input to the business income schedule on a personal return. Allows separation of non-commercial losses into deferred and non-deferred (and identification of primary producer and non primary producer amounts) where current tax return software (no names mentioned) does not provide separate worksheets. Calculations/2015 12 Nov 2015 PAYG Instalment CalculatorLink to the new ATO calculator to work out a varied PAYG instalment rate or amount. Calculations/2016 29 Oct 2015 Retirement PlannerThis online calculator is found on ASIC’s MONEYSMART website. It will help you work out –
Calculations/Budgets & Projections 14 Oct 2015 Return Checklist – Personal for 2015The 2015 checklist for preparing a personal income tax return is now available for download in PDF and Microsoft Word format, the latter for customisation purposes. Forms/Interviews/Personal Return 22 Jun 2015 Records Checklists for 2015Short and long versions of our records checklists for 2015 personal income tax returns now available to send to clients. Both versions are available in PDF and Microsoft Word format, the latter for customisation purposes. Forms/Records/Personal Return (Short or Long) 10 Jun 2015 ATO BenchmarksAll workbooks updated to include benchmarks issued by the ATO in April 2015 from 2013 returns. Calculations/ATO Benchmarks 8 Jun 2015 FBT 2015The 2015 FBT workbook will calculate the taxable value of all fringe benefit types. It also includes a separate summary for the FBT return with calculations for all employer types and a summary of benefits by employee, including calculation of reportable fringe benefits to be shown on payment summaries. Calculations/2015/FBT – Full Calculator 6 Apr 2015 2015 Profit & Tax ProjectionProject annual profit from part-year accounts (practice software or client accounting systems such as MYOB, QuickBooks, etc), estimate taxable income and tax payable and calculate tax savings using tax planning measures. Separate workbooks for companies and other business entities. Calculations/2015/Profit & Tax Projection (Companies & Others) 28 Jan 2015 ATO Benchmarks – New LayoutNew improved layout now shows –
Calculations/ATO Benchmarks 14 Oct 2014 Stock EstimateEstimate closing stock from sales, opening stock and purchases by using one of the following five cost of sales to turnover ratio options –
Calculations/Year/Stock Estimate 30 Sep 2014 Tax & Super Debt ManagementCalculate amounts to be set aside on a weekly or monthly basis for subsequent payment of GST, PAYG Withholding, PAYG Instalments (or Income Tax), Superannuation Guarantee and a user definable liability (e.g. FBT). This is an essential resource for your small business clients who are struggling to meet their tax and superannuation liabilities. Use this workbook as a consulting tool in your practice (or even for your practice) or give it to your client after calculating and entering a PAYG instalment rate. Calculations/2015 31 Jul 2014 2014 Return FormsForms/Return Forms 11 Jul 2014 2014 Return SchedulesForms/Return Schedules 11 Jul 2014 2014 Guides & InstructionsHome Page/Lookup 11 Jul 2014 Job Budget & Job RegisterExisting workbooks rolled forward to 2015. Data in the prior year workbook can be copied and pasted to the new workbook. Calculations/2015 1 July 2014 2014 Personal Tax ReturnsPersonal tax return checklist for 2014 added. Forms/Interviews/Personal Return Records checklists (short and long versions) for 2014 personal returns added. Forms/Records/Personal Return 23 Jun 2014 Profit & Tax ProjectionsBoth worksheets (companies and others) have been updated to allow more options for entering projected profit for the remainder of the year. The 3 options are –
Calcs/2014/Profit & Tax Projection – Companies 14 May 2014 PAYG Withholding VariationsPAYG withholding variation worksheets rolled forward to help with estimates for 2015 applications. Worksheets include –
Calculations/ 2015/PAYG Withholding Variations 3 May 2014 FBT – Full CalculatorWhether you need to prepare an FBT Return or calculate the employee’s contribution needed to reduce the value of a benefit to zero, this workbook will calculate the taxable value of all fringe benefit types. It also includes a separate summary for the FBT return for a taxable employer and a summary of benefits by employee, including calculation of reportable fringe benefits to be shown on payment summaries. Worksheets include –
This calculator comes in two Excel versions, Excel 2003 or Earlier and Excel 2007 or Later. Due to the size of the workbook, the later version (2007) is a much smaller file and will be quicker to download and save. It is recommended that this later version is used wherever possible. Calculations/2014/FBT – Full Calculator 8 April 2014 Tax Provision and Franking AccountThe existing workbook has been updated to allow accrual and reversal of PAYG instalments in the Provision for Tax balance without affecting the Franking Account balance. Calculations/2013 & 2014/Tax Provision & Franking Account 22/03/2014 Job BudgetEstimate fees for a job for quoting or fixed price agreement purposes. This workbook comes pre-filled with a comprehensive list of activities and job categories which are fully customisable, allowing you to change existing, or enter your own, descriptions to suit the individual needs of your practice or the particular job. Use this workbook to set up a practice template, including names and hourly rates of fee earners, which will automatically fill the budget when selected from a list. Enter actual hours and fees to compare with the budget and calculate variances. Calculations/2014/Job Budget 19/03/2014 Salary Packaging – SuperannuationThe existing workbook has been updated to include the following new features –
Calculations/Budgets & Projections/Salary Packaging – Superannuation 10/03/2014 Service FeesCalculate service fees payable by a professional firm to a related service entity using either Comparable Market Rates or ATO Indicative Rates contained in the ATO guide to service entity arrangements. The maximum service fee based on ATO recommendations for low audit risk arrangements is automatically calculated but users can determine and use a fee which they consider to be more appropriate to their client’s circumstances. Calculations/Year/Service Fees 24/02/2014 CGT – Property, CGT – Shares2014 versions rolled forward. Calculations/2014/CGT – Shares and CGT – Property 18/02/2014 PAYG Withholding – Gross Pay Estimate – WeeklyCalculate the weekly amount of gross wages and PAYG withholding based on variable net wages paid to business owners and their associates at random. Calculations/2013 and 2014/PAYG Withholding – Gross Pay Estimate – Weekly 17 Feb 2014 Wages & Super ReconciliationExisting workbooks for 2013 and 2014 have been updated to allow entry of the employer’s ABN and the employees’ TFN, DOB and period of employment. Calculations/2013 and 2014/Wages & Super Reconciliation 14 Feb 2014 BAS Working Papers – Taxi DriversMonthly version of the workbook described in more detail below. Calculations/Year/BAS Working Papers – Taxi Drivers 24 Jan 2014 SMSF Pension PaymentsExisting workbooks have been updated to allow entry of actual pension payments made during the year to compare with minimum required and maximum allowed. Calculations/Year/SMSF Pension Payments 10 Jan 2014 BAS Working Papers – Taxi DriversThis workbook follows the format in the ATO form titled “Taxi Driver Takings & Expenses Worksheet”. A copy of that form can be found in the Forms Module under Records. The workbook produces a summary of GST collected and paid for the preparation of the client’s quarterly BAS, along with an annual summary of transactions for the preparation of the client’s income tax return. Monthly version coming soon. Also, driver takings are compared with the Small Business Benchmark for Taxi Drivers, which is calculated by multiplying the number of kilometres entered to the worksheets (or your own estimate) by the rate per kilometre set by the ATO. Calculations/Year/BAS Working Papers – Taxi Drivers 9 Jan 2014 BAS Summary & ReconciliationsExisting workbooks updated to include GST and PAYG Instalment worksheets for those practices which lodge activity statements using the ATO Portal. Worksheet totals can optionally be transferred to the Summary sheet. Calculations/Year/BAS Summary & Reconciliations Business Valuations – Discounted Cash FlowThe existing workbook has been updated to allow manual entry of Sales for each of the ten forecast years. The standard method of automatically forecasting Sales (base year Sales times revenue growth percentage per annum) has been retained as the default option. Calculations/Business Valuations BAS Summary & ReconciliationsExisting workbooks updated to identify if an activity statement (AS) either includes a correction to an earlier AS, contains an error which is corrected in a later AS or is a revision of a previous AS for the relevant period. Calculations/Year/BAS Summary & Reconciliations |