Member Update - April 2024

Up to your ears in year-end work but not sure where to start?
Check out the Resources for this Month below for the tools to get you through.

📣 What's New

• • Update [TaxPlan]: Validation added to the "as at month" selector for YTD profit calculation, which if not selected, caused an error loading the Preview tab.
  • Update [Core Lite & Pro]: Added validation to Rego No field for the FBT + Decs module to ensure the required report content is accurate.
  • Update [Core Lite & Pro]: Report template for FBT + Decs module with a detailed summary of the Reportable Fringe Benefits for all employees. 
  • New [TaxPlan]: Year End Reminder strategy for Assets that were sold and previously fully expensed.
    see more

🍏 Resources for this Month

Here are the tools to get you through the coming month.

🍥 Fringe Benefits Tax (with Core)

• Capture the relevant information from your clients with

  • FBT3 - Questionnaire

  • FBT21 - Electric Vehicle Schedule for clients

• Calculate reportable FBT using 

  • FBT11 - FBT Workpapers 2024 - up to 4 Vehicles

  • FBT12 - FBT Workpapers 2024 - up to 10 Vehicles

• Provide your advice with

  • VPP - FBT Recommendation

  • Fact Sheet - How the ATO identifies potential audits
    
    

✏️ Trust Distribution & Section 100A (with Core and TaxPlan Advance)

•  Prepare the team for trust distributions before 30 June
  • Discuss the System - Trust Distribution Resolutions

  • Review the Trust Deed Review Worksheet

  • Share the Training Guide for S100A & Trust Distribution Advice

• Educate clients with the VPP Client Email - S100A and Trust Distribution Resolutions

 📲 Tax Planning (with TaxPlan)

•  Help your clients plan ahead with the VPP Client Email - 2024 Year End Game Plan
  • Approach and educate clients about tax planning with 
    • TP8 - VPP Client Email - Offer of Tax Planning to Individual
    • TP9 - VPP Client Email - Offer to Tax Planning to Business Clients

📗 Upcoming Events

[Firm Leadership] 

Understanding Trust Deed Updates + Risk Areas Mon 22 Apr || 1pm AEST

Is the work you’re doing for Trust Distribution compliant with the changes from the last few years? Join us to learn the systems you can use to save time and de-risk your firm. Register Now

[User Training]

Trust Distribution in ChangeGPS

Thur 2 May || 1pm AEST

Learn the best way to use the tools in ChangeGPS to make Trust Distribution more efficient and get what you're worth. 
SIGN UP

[Firm Leadership] Federal Budget 2024 – What Matters and How to Communicate it 

Fri 17 May || 1pm AEST

The Federal Budget is always a pivotal part of the tax planning process. Join this webinar to unpack the Federal Budget updates that matter to your clients.

REGISTER NOW

 ✅ Tip of the Month

Create Customisable Additions in Letters (Merge) Templates

The Letters (Merge) Application within Core allows you to quickly create client letters from templates and customise them to suit your firm's needs.

But did you know you can also add custom content blocks or merge fields to configure and enhance these templates even further?

Learn more and see how here.

More Love. More Time. More Profit.

Core by ChangeGPS has the tools and resources to educate and engage your clients.