Our tax planning calculator for 2025 is now available for download. And you can view a video demonstration on YouTube here.
Use this workbook to help with tax planning opportunities for your clients. The important features of this calculator include –
- Analyse part year accounts and where they were prepared by your client, adjust for any errors to arrive at a true profit for the period.
- To calculate projected annual profit use 3 options –
- Annualise YTD profit; or
- Enter details of projected income and expenses to the end of the year; or
- Enter a summary of projected income and expenses to the end of the year.
- Adjust the projected annual profit for tax reconciliation items and calculate taxable/net income.
- Calculate projected marginal tax rates (MTRs) and income available at those rates for both the client and all related parties, including partners and beneficiaries where applicable.
- Project allocations of taxable/net income and/or make deductible payments to related parties tax-effectively using the lowest MTRs and income available at those rates.
Calculations/2025/Tax Planning