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 on the return to convert profit to taxable income.
- Enter details of student debts (HELP, TSL, SFSS) for automatic calculation of repayments.
- Estimate income tax, medicare levy and medicare levy surcharge on taxable income and account for tax offsets and other credits.
- Automatic calculation of PAYG withholding on wages entered.
- Separate “Projections” worksheet to allow estimates of income and expenses for any category of income.
Calculations/2018/PAYGI – Vary Individual Quarterly