Archives: Recent Updates
Sophisticated Investor Certificate
This handy worksheet will help you calculate gross income and net assets for a sophisticated investor certificate. Find it at Calculations/Financial/Sophisticated Investor
Discretionary Trust Distributions 2025
Our trust distributions calculator has been designed to help you calculate tax-effective distributions by your discretionary trust clients. You can use it for both non-streaming and streaming distributions. The process involves estimating net income of the trust for tax purposes, calculating tax-effective distributions to beneficiaries and converting those amounts to accounting distributions for the resolution.…
Tax Money
Our new Tax Money calculator is designed to help your small business clients keep a real-time estimate of future BAS, income tax and payroll related payments. Identifying these amounts at their taxing point will help clients avoid spending funds that aren’t truly available. And, they could be “parked” in a separate high-interest savings account, or…
ATO Benchmarks
This calculator has been updated with the latest ATO benchmarks from 2023 returns published in 2025. Find it at Calculations/2024/Benchmarks
FBT 2025
Whether you need to prepare an FBT return, or simply calculate the value of benefits for an employee contribution, our FBT files have you covered. The full set of working papers can be used for all employer and benefit types. These are the files for 2025 which are now available for download – Excel Files(a)…
Tax Planning 2025
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 – Find it at Calculations/2025/Tax Planning
Dividend Calculations 2024
Updated – User Request New columns have been added to this calculation to enable identification of franking credits that are not claimable under the holding period rule. You have the option of showing or hiding these new columns. Also enter franking credits received through partnerships and trusts to compare the client’s total franking credits with…
Professionals Profit 2024
The ATO is watching your professional clients to see if they comply with the guidelines in PCG 2021/4 when allocating profits to individual practitioners. These guidelines apply to professional firms which include, but are not limited to, accounting, architecture, engineering, financial services, law, medicine and management consulting. Direct quotes from the guidelines include – This new…
Excel Help
There is a new menu item in our Calculations module with specific help on the following procedures which will help you get the most out of using our Excel files – Calculations/About Using Excel
Rental Properties
There are 2 new items with ATO information in the Library module providing quick answers to common questions about rental property deductions. Capital Allowances vs Capital Works 2024Browse through the long list of assets in Table 3 of the ATO’s 2024 rental property guide to determine if you should claim depreciation or a capital works…