Product Updates 2024

Summary of latest product & feature updates as we continue to enhance ChangeGPS to improve your firms' productivity and profit.

TaxPlan

update for tax adjustment strategy: Simplified Depreciation for Small Business
New title Small & Medium Business Support - $30,000 Instant Asset Write-Off. This measure is not yet law, but is expected to be approved before 30 June 2024.
🆕 TaxPlan strategy added for Energy Incentive (Small Business) This measure is not yet law, but is expected to be approved before 30 June 2024.
reinstated the save reminder alert before exiting or closing browser when using TaxPlan
Superannuation tax adjustment strategy content update - Prepay 2024 Super Strategy (SMSF Member) tax adjustment strategy content update total amount $55,000 to $57,500 per individual can be claimed as a tax deduction in 2024
update to Super Guarantee Contribution YE reminder description to reference 2025 in title
updates to 2024/25 HELP repayment rates
updates to 2023 + prior years HELP calculations
correction to address issues with 2025 tax rate calculations
correction for validation added to the "as at month" selector for YTD profit calculation, which if not selected, caused an error loading the Preview tab.
🆕Year End Reminder added for assets that were sold and previously fully expensed

Core

Dividend Statements Module:
- 🆕 feature to give users option to exclude Members General meetings from report if not required. This update will enable users to exclude references to a Members General meeting on the directors resolution and remove the; notice of meeting of members, members resolution and members consent as these are often not needed in private companies.
- Fix to document template to ensure multiple Directors are included when required
FBT Reports + Decs Module
- minor text updates to Declarations content
- added validation to Rego No field for the FBT + Decs module to ensure the required report content is accurate
- report template for FBT + Decs module with a detailed summary of the Reportable Fringe Benefits for all employees.

PROTECT

Updates to all the default Service Item descriptions. Doc download content tables now populated for Leading Member & Successor Director details.
XPM connectivity resolved

New [TaxPlan] Added Custom Add Backs rows.
Updated [Core Pro] FBT + Decs module and report to include Electric Vehicle requirements.
Updated [Core Pro] Revised New Client Onboarding System (Link)
New [Core Lite & Pro] FBT Resources, Workpaper and Schedule for Electric Vehicles
[PROTECT] Product Updates and Fixes for March 2024 (Link)
New [TaxPlan] New features and content updates for 2024 (Link)

Updated [Core Lite & Pro] FBT Reports & Resources updated for 2024 including a new schedule for Electric Vehicles (Link)
Launch of PROTECT! New Asset Protection & Estate Planning advice report available to existing members for now. Learn more
Updated [Core Pro] VPP Client email - 2024 Year End Game Plan (Link)
New [Core Pro] VPP Client email - Updated Stage 3 Tax Cuts - Opportunities (Link)
Updated [Core Pro] Notice a slight change to the Core navigation? We dropped the shortcut to Estate Planning documents which are still available in Core > Resources > Delivery Section however
Updated [Core Lite & Pro] 2024 FY added to FBT module
Updated [Engage] Applicable Law setting for Western Australia