We have redesigned this workbook to allow easier copy and paste of trial balances whether they be one column or two.

This workbook has been re-designed for easier budgeting. Apart from the new layout, you can now filter on key components of the budget and calculate a budget for, or quote on, a multi-year job.

Our trust distributions calculator for 2026 is now available for download. Key features include –

1. Use it for both non-streaming and streaming distributions.
2. View the marginal tax rates for all beneficiaries based on their non-trust income.
3. See how much income is available at those marginal tax rates.
4. Based on 2 and 3 above, enter distributions for tax purposes and the workbook converts those amounts to accounting distributions for the resolution.
5. Once distributions for tax purposes have been determined and the corresponding accounting distributions calculated, you can complete the trustee resolution which is part of the file.
6. And when it comes to preparing the trust tax return, you input actual accounting distributions to the worksheet, and the various components of those distributions for tax purposes will be calculated for each beneficiary and return form item.

All FBT content for 2026 has now been uploaded to our site. That content includes –

Excel Files
FBT JobPaper – an all-in-one workpaper solution for FBT jobs.
FBT Cars – calculate car benefits only.
FBT RFB – calculate reportable benefits only.

Letters
FBT Return – request details for FBT return.
FBT Accounts – request details for employee contribution.
FBT Return Sign – send return for signature.

Forms
FBT All Benefits Checklist – list of potential benefits to send with FBT letter.
FBT Car Benefit Schedule – send with FBT letter to get car details.

Our 2026 Tax Planning calculator is now available for download. Click here to watch a brief demonstration video on YouTube.

Designed for practical client work, this workbook helps you identify tax-planning opportunities and calculate potential savings by enabling you to –

• 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.
• Project annual profit by choosing from these three options –
  • Annualise YTD profit;
  • 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.
• Apply tax planning measures including deductible payments to related parties. Calculate the additional tax payable by those taxpayers to see the overall tax saved by the client group.
• Calculate projected marginal tax rates (MTRs) and income available at those rates for partners and beneficiaries; and
• Project tax-effective distributions by discretionary trusts to beneficiaries using MTRs and income available at those rates.

Our Letters have been redesigned with a fresh look and improved functionality to make them more user-friendly.

The landing page for Letters (About Letters) now has a map showing a complete list of available letters and the menu item under which they can be found. Selecting a letter from that left hand side menu will display the following on your screen –

• Full text of the letter with instructions in red;
• A brief description of its intended use;
• The date last reviewed;
• Any associated forms from our site that should be attached;
• Any other attachments; and
• A link to download the file in Microsoft Word format.

You will now be able to view any letter on screen before downloading the file to assess its suitability for your needs. There are now 2 ways you can use these letters –

1. Copy and paste part or all of the letter on screen to your outgoing email or letter; or
2. Download the Word file to your computer to customise the text to suit your needs or add it to your own collection of template letters.

Although our letters will be reviewed on a periodic basis, ATO and other notices can change at any time so carefully review our template to ensure that it is appropriate for your circumstances. If you receive a notice not covered by our existing templates, please send us the standard text from that notice, excluding sensitive information, and we will be happy to add a new letter to our collection.

This calculator has replaced the annual calculators of the same name. Find it in Calculations/Financial Calculations. Features include –

• Use for any period and multiple years. (new)
• Amortise a related party (unstructured) loan.
• Calculate interest and closing balances for each financial year.
• Calculate the payout amount at any time during the life of the loan.
• Change interest rates as many times as needed (new).
• Sort date columns automatically.
• Automatically add 30 June entries for each financial year needed (new).
• Filter entries by financial year (new).

Find it at Calculations/Related Party Loan

Use this calculator to help complete question 20 on the 2025 individual return. It replaces Foreign Income Tax Offset (FITO). The handy features of this workpaper include –

• In-built monthly and annual average exchange rates for 18 countries.
• The ability to add your own exchange rate for any country and period.
• It’s Excel, so you can copy in any source data to the data table to save time.
• Filter the data table by income type, country or period.
• Produce a summary for the return form labels, including calculating the foreign income tax offset.

Find it at Calculations/2025/Foreign Income – Individual

Records checklists and interview notes for personal returns for 2025 are now available for download.

Send the records checklists to clients to make sure you get all the information you need to prepare their return and avoid time wasting requests for missing information. There are two records checklist options; a simple one-page checklist and a six-page checklist on which the client can record information. Choose the version that best suits the needs of your practice.

Use the interview notes when you are only collecting information for the client’s return. This form lists each return item alongside which you can make any relevant notes to help with the preparation of the return at a later time.

Click on the links below to preview and download each of these forms.

Records Short
Forms/Records – Personal Return Short

Records Long
Forms/Records – Personal Return Long

Interview
Interview – Tax Return

This handy worksheet will help you calculate gross income and net assets for a sophisticated investor certificate.

Find it at Calculations/Financial/Sophisticated Investor