Archives: Recent Updates
Defined Benefit Income Cap Tool
This is a link to the ATO website to calculate the defined benefit income cap, the assessable amount to be included in the tax return and the amount of the tax offset that may be allowable. Calculations/2018/Defined Benefit Income Cap Tool
Personal Budget
This is a non-expiring monthly budget for use by your clients in managing their personal finances. The workbook has been protected but without a password. We recommend that you review this budget, make any changes to accommodate your preferences, including adding your practice name and/or logo and then use a password to protect the budget…
Franking Credit – Convert to Loss
For a company tax return, convert excess non-refundable franking offsets to an equivalent tax loss. Calculations/2018
Stock – Private Use
This workbook calculates the amounts that the ATO will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in named industries. Calculations/2018
Depreciation – Balancing Adjustment and Capital Gain/(Loss)
This workbook will calculate the assessable or deductible balancing adjustment, and if applicable the capital gain/(loss), on disposal of an asset depreciated under the uniform capital allowance system. It will also calculate the reductions to be made to the cost and termination value if the asset is a car and its cost exceeded the car…
Apportion by Value
This handy calculator will allow you to enter a set of values to calculate the total value and relative proportion of each component and enter an amount for apportionment. Examples of how this workbook could be used include – Calculate the amount of land tax for each property included in a single assessment for multiple properties;…
Workplace Rights & Obligations for Small Business
The Fair Work Ombudsman’s (FWO) new Small Business Showcase is a virtual hub containing a wealth of tools and resources to help you meet your workplace responsibilities. The Showcase helps you understand and deal with key workplace issues like hiring, minimum wages and keeping accurate records. It also includes: short instructional videos on how to…
Charge-out Rate Calculator
Calculate the charge-out rate for a small business service provider. Calculations/Budgets & Projections/Charge-out Rate Calculator
Break-even Analysis
Calculate the revenue required from either the sale of goods or services to break even. Features include – Enter gross profit ratio and fixed costs to an expandable table to calculate sales or fees required to break even; Enter the average sale amount to calculate the number of sales required to break even; Enter the…
Vary Quarterly PAYG Instalment for an Individual
Estimate the quarterly PAYG instalment amount or rate for a variation for an individual. Prepare up to 4 variations for a client and retain a full record of their PAYG instalment variations in the one file. Features include – Estimate gross income and deductions related thereto for each category of income. Account for reconciliation items…