Enter a weekly or monthly summary of income, expenses with GST, wages and PAYG withholding to calculate amounts to be set aside for subsequent payment of GST, PAYG Withholding, PAYG Instalments (or Income Tax), Superannuation and FBT.   This workbook will also estimate the client’s annual tax liability and allow the use of separate (updated) quarterly rates for PAYGI and separate quarterly amounts for Superannuation and FBT instalments.  If you are maintaining a separate bank account for these future liabilities, the workbook allows entry of all transactions and will reconcile those figures and the calculated balance with bank statements.

Calculations/2017/Tax & Super Debt – Company

There has been a complete rebuild of the site with the following new features –

• Larger screen space and font size, along with an improved layout, for easier viewing.
• Calculations, Forms & Letters are now displayed in tables which can be sorted and searched.
• Each Calculation, Form or Letter is assigned to a category and can be displayed as a group in the table when sorted or on their own when you search for the category name.
• ATO News can now be searched.
• Calculations for each year are now displayed in a compressed format with one line per calculation.
• Full details about each calculation and suggestions for use are now shown in “About Each Workbook” in the Calculations menu.
• Letters are now contained in a downloadable Microsoft Word file.
• Foreign exchange rates are now shown in a table which can be searched to display that country’s rates only.
• The Library and Websites modules have been given a makeover with easier access via an alphabetical index of links.

Three hire purchase workbooks have been rolled forward to 2017 –

Calculations/2017/Hire Purchase Payout
Calculations/2017/Hire Purchase – Standard
Calculations/2017/Hire Purchase – Structured

Prepare trading accounts for a primary producer, including separate worksheets for Livestock (with quantities), Produce and Other income.  A separate sheet summarises the figures for the client’s tax return.

Calculations/2016/Primary Producer Trading

All workbooks for the year ended 30 June 2016 have been uploaded to the site for the new financial year.

Three checklists have been added for personal tax returns for the year ended 30 June 2016. Each checklist is available in both PDF and Microsoft Word format. Here are links to the PDF copies –

Forms/Records – Personal Return Short
Forms/Records – Personal Return Long
Forms/Interview – Tax Return

Estimate trust accounting distributions required for the trustee resolution by 30 June to achieve a desired taxable distribution for each beneficiary and prepare the resolution itself which forms part of the workbook.

Calculations/2016/Trust Distributions – Resolution

For those discretionary trust ledgers which have not separated the present entitlements of a private company beneficiary each year into sub-accounts, this workbook will track those entitlements and automatically allocate payments and offsets against the appropriate years.  It will also identify any UPEs which will be subject to the deemed dividend rules under Division 7A.  To speed up data entry, export data from the ledger into a spreadsheet and copy and paste into this workbook. 

Calculations/2015/Present Entitlement Register 

The latest version (2016) of this workbook includes a sheet which reconciles the FBT Expense and Liability shown in the accounts with instalments paid to the ATO and the FBT return itself.

Calculations/2016/BAS Summary & Reconciliation

All ATO benchmarks now come in one workbook and the client’s industry can be selected from a drop down list.  These latest figures were recently published by the ATO from information contained in 2014 income tax returns and activity statements.

Calculations/ATO Benchmarks