2024 Packages

Our working paper solution for your annual accounting jobs for the year ended 30 June 2024 is a multi-sheet Microsoft Excel file packed with features and saved in your document management system with other client records for easy retrieval.

This calculator offers maximum flexibility in a platform familiar to all accountants.  Unused cells in this workbook are not protected allowing you to use them for your own purposes.  Also, import other Excel data with just a few clicks as well as insert pictures, callouts, shapes, icons or screen shots to make it easier to follow or review your work.  It even contains ticks and crosses to emulate paper-based processing. 

For more information, read on and go to our YouTube channel (link below) to see an overview and detailed instructions on using this calculator as well as a brief tour of our website.

Warning: this file is not compatible with Microsoft Excel versions 2019 or earlier, or the cloud-based version of Excel, or Excel for Mac, or Google Sheets. 

Manage the Division 7A loan obligations for a client who takes out an unsecured loan with a private company on or before 30 June 2024 under a written agreement with a maximum payment period of 7 years.  The package includes the following 3 Excel files –

• Division 7A Calculator 2024,
• Division 7A Loan Register 2024,
• Distributable Surplus Calculator 2024.

For more information, read on and watch our videos below to see this calculator in action and to be taken on a brief tour of our website.

Warning: this file is not compatible with Microsoft Excel versions 2016 or the cloud-based version of Excel, Excel for Mac, or Google Sheets. 

Our working paper solution for your individual income tax returns for the year ended 30 June 2024 is a multi-sheet Excel file which can be used for both your client and their partner.  It is packed with features and saved in your document management system with other client records for easy access. 

For more information, read on and see our videos (links below) for a demonstration of the file as well as a brief tour of our website.

Warning: this file is not compatible with Microsoft Excel versions 2019 or the cloud-based version of Excel, Excel for Mac, or Google Sheets. 

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. This calculator will help you to assess any risk associated with profit allocations among your professional clients.

The ATO say “We expect you to annually assess your eligibility to apply this Guideline. If you want to apply this Guideline, we expect you to document your assessment of, and also to review, your eligibility as your business or arrangement changes.” And “We may fact-check your assessment of your profit allocation. If you are unable to provide evidence to support your assessment, we may undertake further compliance activity.”

Warning: this file is not compatible with Microsoft Excel versions 2016 or prior, the cloud-based version of Excel, Excel for Mac, or Google Sheets.

Save precious time and use our trust distribution workbook for your discretionary trust distributions for the year ended 30 June 2024.

Using projected net (taxable) income for the year, you can view the marginal tax rates and income available at those rates for each beneficiary to make tax-effective distributions. The worksheet will convert those taxable distributions to accounting distributions for the trustee resolution.  The resolution forms part of this workbook.

And when the time comes to prepare the trust tax return, you can enter actual accounting distributions to calculate the individual (taxable) amounts to be shown at each return label for the beneficiaries on the trust return.

For more information, read on and watch our videos below for a demonstration of the calculator in action and go on a brief tour of our website to find more of our solutions for your practice.

Warning: this file is not compatible with Microsoft Excel versions 2019 or earlier or the cloud-based version of Excel, or Excel for Mac, or Google Sheets.