TaxPlan is designed for year round use in various scenarios to demonstrate your value, identify opportunities and also educate your clients
- Updated Automatically: ChangeGPS update the relevant Tax Planning tax rates for each new financial year and we also keep these updated when new tax rates and strategies are introduced.
- Super Fast to Create an Amazing Client Report: TaxPlan will do 95% of the heavy lifting needed to prepare an amazing looking and easy to read Tax Planning advice report.
- All Year Uses:
- Highlight the Value of your Year End Financial Statements preparation: Use before and after “Scenario” reports to show the tax saved as a result of you fixing DIv7A problems and fixing other problem areas while you prepare your client’s year end Financial Statements. This is a massive “value prove” to your clients – and you should do this every year!
- ATO Tax Repayment Plan Client Confirmations: The TaxFlow Report is highly recommended year round. It can be used to confirm ATO tax repayment plans for clients, and you charge the client $350 + GST for this report. Learn more..
- New Client On-Boarding: Use TaxPlan for new client onboarded during the year – capture and show their initial Tax Forecast for a group (no tax reduction recommendations necessarily included). This will make a great impression on your clients and demonstrate your value.
- CGT Forecasts: When your client phones you in the current year and tells you they’ve sold an asset for a capital gain, use TaxPlan to prepare a “Scenario” report for your client to inform them of the extra tax they need to put aside to pay next year and give them a heads-up on possible tax deductions (like a personal super contribution) that they could consider making before financial year end to reduce their tax – and you charge your client $350 plus + GST for this report.
- Current Year Scenarios: Some accounting practices start to do their Tax Planning scenarios for all business clients in the first 3 months of the new financial year, so their clients are aware of what their year ahead will look like. Then, when the clients' situation changes a quick update can be done.
- Post Federal Budget Tax Planning: Updated tax planning in April / May may also be required after the Australian Federal Budget is released.
- Business Structure Comparisons using “Scenarios”: Compare the tax outcomes from different business structures for your clients using multiple “scenarios”. Here's how
- PAYG Instalment Variations: Easily prepare current or future year tax estimates for clients and include these in your file notes for PAYG Instalment Variations, and you charge your client $350 + SGT for this work.
Want more ways to use TaxPlan during the entire year?
Additional TaxPlan use case scenarios are outlined in the ChangeGPS Tax Planning System along with the income potential.
TaxPlan is not just a useful reporting tool, it is also supported by:
- A complete step by step Client Service System which outlines the entire workflow to train your team.
- It includes all the VPP (Value Plan Price) client emails you need to market this service, educate and engage clients.
- Recommended tax planning service delivery uses and pricing guidelines.
Keen to learn more about how TaxPlan can benefit your firm and help your clients to legally reduce their tax and plan for when their tax payments are due?
Watch our TaxPlan tutorials and past webinars.
Alternatively, reach out to your Member Success Manager for a review meeting or team training.