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As tax regulations continue to change rapidly, ChangeGPS has introduced its TaxPlan Advanced tier to support accountants in reducing audit risk and keeping their clients informed.
Get access to exclusive reports that reduce client audit risk and keeps you compliant this Tax Planning season
28 March 2023
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2 minute read
As the Australian Taxation Office (ATO) continues to change its rules and guidelines at an unprecedented pace, tax planning season has become more complex than ever. As an accountant, keeping up with the latest regulations and advising clients on their tax position and audit risk profile can be challenging.
ChangeGPS, a leading software provider for accountants, has just announced the release of two client advice reports exclusive to their new TaxPlan Advanced tier, designed to help accountants this tax planning season. The first report, PFP Tax Advice Report, produces tax advice for professional firm clients, such as doctors, accountants, and lawyers. This report establishes the tax payable versus the audit risk profile that the client is comfortable with in light of the ATO's PCG 2021/4.
The second report, S100A Trust Distribution Advice, outlines the impact of the S100A guidelines that change how profits from a Discretionary Trust can be allocated. For clients with a discretionary Trust, this report informs them of the new TR tax ruling, which will impact how they distribute to their trustees.
ChangeGPS helps accountants keep their clients informed and reduce their audit risk profile. See TaxPlan Advanced action at their upcoming webinar, “Navigating the Delicate Balance Between Lower Audit Risk and Increased Tax Payable”. Save your seat today.
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