Product Updates 2023

Dec 2023

• New [Core Pro] 2024 - 12 Month Marketing and Team Training Calendar (Link)
• New [Core Pro] Client email - Dec 2023 - Your Accounting Assistance Plan for H1 2024 (Link)

Nov 2023

Core

• New [Core Pro] System to offer an Economic Reslience Plan to your client segments (Link)
• New [Core Pro] Client email - ATO Next 5,000 Private Groups Tax Program (Link)
• New [Core Pro] Client email - How to Nominate Authorised Agent in the ATO Portal (Link)
• Updated [Core Pro] New Client Goals & Service Plan Checklist (Link)

Oct 2023

Core 

• Core Pro > Resources - Updated Annual Progress Meeting Agenda template

TaxPlan

• Calculation fixes for the Risk Zone scores used in the Professional Firm Profit report

Progress

• Updated the summary statement in report to accommodate users who select t only add only a single income year and not multiple for comparison
• New quick reference guide itemising all the tax saving ideas and recommendations available in Progress.

Engage

• Fixed the total calculation $ amount after service item deletion in the app and report

Sept 2023

TaxPlan

• New [TaxPlan Advanced] Div7A Company Loan Elimination Advice Report, VPP Client Email and Worksheet (Link)
• Correction to the Average Tax calculation to exclude company losses

Core

• Updated [Core Pro] Core Resources: SMSF YE Resources for 2023: YE Report, Workpaper, Client Questionnaire (Link)

Aug 2023

Core 

• Updated [Core Lite & Pro] Core ResourcesTR4 - 2023 Individual Tax Return Workpapers (Link)
  Learn more
• Updated [Core Lite & Pro] Core Resources: BTR4 - 2023 Business Workpapers and Tax Checklists (Link)
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• Updated [Core Pro] 12 Month Calendar of Due Dates
• Updated [Core Lite & Pro] Trust Distributions App: 2024 income year added as new default
• Updated [Core Lite & Pro] FBT Report App: corrected the conditions to include logbook section in report

Progress

• All content updated for 2023 and new reminders added for Company Tax Loss Carry Back
• Progress reminders and strategies, meeting agenda and tax rates updated for 2023
• Latest ATO Benchmarking data added 
• Updates to correct the ATO Benchmarking summary table when no comparison data available

TaxPlan

• Exclude LMITO from 2023 onwards

July 2023

Progress

• Added the new default 2023 Tax Year to Reporting Year dropdown option. 

Core

• [Core Pro > Resources] 2024 Working from Home Diary Template (Link)
• [Core Lite & Pro > Trust Distributions App] Added the dollar data entry option for the non-streaming section in Trust Distributions
• [Core Lite & Pro > Letters Merge] Updated the fees for ASIC Annual Review letter template in Letters Merge. 

TaxPlan

• Update to TaxFlow report to dynamically add estimated PAYG instalments for each quarter in correct month payable 
• Added the 2024 FY selection on the dropdown and set the default Tax Year to 2024. 

June 2023

Core

• [Core Pro] Re-pricing resources and client emails (Link)
• [Core Lite & Pro] Updated resources for Tax Returns & Financial Statements for 2023 (Link)
• [Core Pro] New VPP Client email - Crypto and your Tax Return (Link)
• [Core Pro] Updated Client email - 2023 EOFY - Year End Tax Tips & Reminders (Link)
• [Core Pro] Updated Client email - 2023 SMSF EOFY - Year End Tax Tips and Reminders (Link)
• [Core Pro] New Client email - 2023 Minimum Wage Increase Announcement (Link)

TaxPlan

• Improvement to Div293 calculations in TaxPlan

May 2023

TaxPlan

• GDP uplifit automatically calculated with 6% on Estimated Taxable Income used for estimating next FY PAYG Instalments for the TaxFlow projections report Learn more
• HELP calculations based on new 2023/24 income limits 
• Correction to automatic PAYG calculations where amounts entered in Estimated PAYG Instalments do not reduce the calculation of next FY Estimated PAYG Instalments
• Adjusted Medicare levy thresholds for 2023 income levels
• Federal Budget 2023 Update to Strategy description - Temporary Full Expensing of Depreciable Assets
• New features: prompt to Save any new or changed tax plan files before exiting

Core

• Updated [Core > Resources] Trust Distribution System (Link)
• Update [Core > Trust Distr] to fix bug related to Non-Streaming option for Trust Distributions Report not listing Beneficiaries when different letterhead styles are used
• Update [Core > Trust Distr] - change default date on Beneficiary Payment Instruction download to 7 July 20XX
• New [Core > Resources] 2023 Working from Home Diary Template (Link)
• New [Core > Resources] B1 - Client email - Business Owners - May 2023 Federal Budget (Link)
• New [Core > Resources] B2 - Client email - Individuals - May 2023 Federal Budget (Link)
• New [Core > Trust Distr] Download VPP Trust Deed email (Link)
• New [Core > Trust Distr] Download Trust Distribution Payment Instructions for each Beneficiary (Link)
• New [Core > Trust Distr] New Non-Streaming option to produce a simpler Trust Distribution Resolution (Link)
• New [Core > Resources] Trust Deed Review Worksheet (Link)

General Platform & Integration Changes

• Update to XPM API to resolve client contact details data 
• Updates to connect client data from XPM API from V3.0 to V3.1
• Update to resolve FuseSign digital signing integration issues for Core > Trust Distributions and Dividend Statements
  
  

April 2023

1. Support video - 2 ways to include Capital Gains in TaxPlan Learn more
2. Support video - what needs to be included in Financial Statements & Tax Returns for a Family Protection Trust Learn more
3. New [TaxPlan] 6 x Tax Adjustment Strategies Added Learn more
4. New [TaxPlan] 2% GDP Uplift on Estimated PAYG Instalments Learn more

March 2023

1. Updated [Core > Resources] Client email - Working From Home Tax Deductions (Link)
2. Updated [Core > Resources] VPP Client email - 2023 Year End Gameplan (Link)
3. Updated [Core > Resources] FBT Workpapers 2023- up to 4 Vehicles (Link)
4. Updated [Core > Resources] + [TaxPlan] 2023 Tax Planning Documents now Published (Link)
5. Launch of [TaxPlan Advanced]  including the PFP Tax Advice + S100A Trust Distribution Tax Advice Reports - upgrades now possible for existing members from Subscription page.
6. New Client Offer [TaxPlan] Export
7. New [TaxPlan Advanced] VPP Client email for S100A Trust Distribution Advice (Link)
8. New [TaxPlan Advanced] Video Training Guide on S100A and Trust Distribution Advice (Link)

February 2023

1. Updated [Core > Resources > Tax Planning] List of Tax Planning Strategies updated for 2023
2. Updated [TaxPlan] Jobkeeper Income inpute fields removed for 2023
3. Updated [Progress] Content for Companies with Div7A
4. Updated [Core > Resources > FBT] Revised FBT Resources for 2023 (Link)
5. Updated [TaxPlan] Tax Planning Strategies and YE Reminders updated for 2023 FY (Link)
6. Updated [Core > Resources > Marketing Program] 12 Month Marketing and Team Training Schedule (Link)
7. Updated [Core > FBT Report & Decs] 2023 added as default FBT Year
8. Why accountants are best placed to prepare Trust Distribution Resolutions
9. 2FA at login now mandatory for all users
10. Updated [Core > Blueprint] ABN + ACN values now correctly being populated from XPM data

January 2023

1. New [Core > Resources] VPP Client email - 2023 STP Phase 2 Implementation (Link)
2. New [Core > Resources] Client email - 2023 Working from Home Tax Deductions (Link)
3. Updated [Core > Resources] EP3 - VPP Client email - Will and EPOA Offer - Business Owner SMSF Member (Link)
4. Updated [Core > Resources] EP2 - VPP Client email - Will and EPOA Offer - Individuals no Structures (Link)
5. Updated [Core > Resources] PM1 - Post Job Review (Link)
6. Updated [TaxPlan] PFP Report content revised and corrected