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 –
- Project YTD profit to the end of the financial year using one of 3 options;
- Explore tax planning measures to reduce the client’s taxable/net income;
- View the marginal tax rates and income available at those rates for all related parties for tax-effective allocation of projected profit; and
- Automatic calculation of tax payable by a large range of taxpayer types including Residents, Non-Residents and Minors, all with a combinations of MLS and/or HELP where applicable, as well as Seniors, Companies (standard & base rate), Super Funds (accumulation and pension phases) and Trusts.
Calculations/2023/Tax Planning