How do I create a TaxPlan specifically for Primary Producer clients?

Use the power of using TaxPlan to advise your Primary Producer clients

Step by Step Instructions:

• Start a new TaxPlan client file and first create a Base Scenario without any strategies based on the client's usual Primary Production income and standard deductions. Learn more about adding scenarios.
• Then, add new Scenarios and toggle the Tax Averaging setting on to expand the FY income fields, also select Yes or No to include tax averaging in the Tax Savings total.

• Select to include the relevant Primary Producer specific strategies from the Tax Planning Adjustments available. The tax savings will automatically be calculated for each strategy.

• When all scenarios and strategies are completed select the recommended scenario.
• For a quick overview to assess the scenario outcomes initialy select Reports > Scenario Comparison as this will highlight the tax savings for your client for a quick discussion.
• When finalised, use the Next button to proceed to the next steps and produce a detailed Tax Planning Client Advice Report.