Rental Income – Private Use
Summarise 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
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.
- Accelerated Depreciation
- Boosting Cashflow for Employers
- Early Release of Super
- JobKeeper Payment
- JobKeeper Key Dates
- Tax Treatment of Government Grants & Payments
- Home Page
- Supporting Individuals & Households
- Support for Businesses
- Supporting the Flow of Credit
- JobKeeper Payment FAQs
Mixed Purpose Loans
Enter a summary of monthly transactions to calculate interest and closing balances on the components of a single loan used for up to five separate purposes. Reconcile closing balances with loan statements. Interest and regular repayments are apportioned on the basis of the component loan’s proportionate use of capital each month. Allocate lump sum repayments from the sale of an asset against the component loan used to acquire that asset.
Calculations/Year/Interest – Mixed Loans
Hire Purchase Schedules
Calculate interest, borrowing expenses and end of year balances on either a standard loan with monthly, fortnightly or weekly repayments or a structured loan with up to five different monthly repayment amounts during the term. For general ledger clients with multiple hire purchase borrowings but only a summary in the accounts, use “Hire Purchase Summary” to calculate the journal for consolidated figures for interest, current liability, non-current liability, current unexpired interest and non-current unexpired interest.