For any entity type –
- Project annual profit from part-year accounts
- Adjust profit for tax reconciliation items and calculate taxable/net income
- Deduct tax planning measures
- Add names and other income of all related parties
- Calculate marginal tax rates (MTR) and income available at that rate for both the client and related parties
- Allocate taxable/net income and/or make deductible payments to related parties tax effectively using MTRs and income available at that rate
Video (13:08)
Calculations/Year/Tax Planning