Smart Templates (Accountants Content) Release Notes

Content release schedule for 2020


March 2020

Content Release


Accountant’s Content (Content Update 243)

All documents listed have had formatting, links and document profiles updated where relevant. In addition, all merge 2 equivalent templates have also been updated. Document changes noted below where additional changes have been made:


Human Resources

  • WHS - How We Do It Here - Updated to include links to new checklist - Working From Home Safety Checklist
  • Working From Home Safety Checklist - New document created - Working from Home Safety Checklist to evaluation and record WH&S risks for remote workers.


Tax Facts and Figures - 2019 - updated Centrelink rates for new rates published 20th March 2020. 

This document only includes normal rates and is not updated to reflect the rate changes due to the economic stimulus packages

2020 Tax Planning Workpapers – main updates include:

  • Tax Rates – updated Medicare levy thresholds for 2019/20 (part of the economic measures legislation)
  • Checklist - Checklists will be revised in the coming weeks for changes emerging from the developing economic stimulus packages both at the federal and state level. 



February 2020


Content Release

Smart Workpapers

2020 Fringe Benefits Tax Workpapers – main updates include:

  • Home Page – update dates and included Reconciliation Accuracy (Tolerance) option
  • Tax Rates – updated all rates for the 2020 year (predominately FBT rate changes)
  • Checklists – updates all rates for 2020 and included/deleted sections where relevant
  • Board Fringe Benefits – updated Tax Rates
  • Housing Loan Fringe Benefits – added rollover ability (2020 Data will roll to 2021)
  • Living Away from Home Fringe Benefits – updated statutory rate for single adult
  • Loan Fringe Benefits – added rollover ability (2020 Data will roll to 2021)
  • Car Fringe Benefits – removed the requirement of odometer reading input when using 20% statutory method and added rollover ability (2020 Data will roll to 2021)
  • Residual motor Vehicle Fringe Benefits - added rollover ability (2020 Data will roll to 2021)


2021 Salary Sacrifice Workpapers – main updates include:

  • Home Page – update dates, layout and formatting
  • Tax Rates – updated all rates for the 2020 year
  • Checklists – included/deleted sections where relevant
  • Employee Summary - updated to remove superannuation comparison due to new rules on 1 January 2020. Salary sacrificed super contributions can't be used to reduce the employers super guarantee obligations
  • Car Fringe Benefits - removed the requirement of odometer reading input when using 20% statutory method  


2020 BAS & IAS Workpapers – main updates include:

  • This document has been updated with some technical excel formula and named range changes.


2020 Accounts & Tax Workpapers – main updates include:

  • Index Page – update to include a rollover Yes/No column and some minor formatting changes for consistency.


2020 Accounts & Tax Workpapers - Connected – main updates include: 

  • The Home and Index pages of this document have been updated with minor formatting changes for consistency.


Accountant’s Content (Content Update 242)

All document listed have had formatting, links and document profiles updated where relevant. In addition, all merge 2 equivalent templates have also been updated. Document changes noted below where additional changes have been made:


Fringe Benefits Documents

  • Fringe Benefits Tax Procedure
  • FBT – Complex Covering Letter – document has been updated to include a nil amount payable option.
  • FBT – Simple Covering Letter – document has been updated to include a nil amount payable option.
  • FBT – Information Gathering Questionnaire – updated dates, benchmark interest rate, car parking rate and included the updated definition of a Taxi as per Treasury Laws Amendment (2019 measures no. 3) Bill 2019, included 'Log book business use %' field in form 3. 

 


January 2020


Content Release

Smart Workpapers

    2019 Tax Planning Workpapers – main updates include:

  • Home Page – update dates and included Reconciliation Accuracy (Tolerance) option.
  • Tax Rates – updated all rates for the 2020 year (predominately FBT rate changes)
  • All Checklists – Updates all rates for 2020 and included/deleted sections where relevant.
  • Orig. Projected Taxable Income – included a collapsible section for the prior year averaging income. In addition, a show/hide inactive rows button has been included to make printing summary reports easier.
  • Orig. Tax Worksheet – added adjustments lines for tax averaging adjustments to tax payable, added section for tax averaging calculations and removed net medical expenses tax offset lines. In addition, a show/hide inactive rows button has been included to make printing summary reports easier.
  • Tax Averaging Worksheet – worksheet has been removed due to being combined with the Orig. Tax Worksheet template.
  • Tax Planning Schedule (Report) – has been removed, this was a summary of Orig. Tax Worksheet and a report can be printed directly from this worksheet now.
  • Tax Planning Schedule with Strategies (Report) – consolidation of Tax Averaging and Non-Averaging tax estimates into one row.
  • Projected Taxable Income with Strategies – same changes as Orig. Projected Taxable Income template.
  • Tax Averaging with Strategies – same changes as Orig. Tax Worksheet template.
  • The following templates have been updated to include sticky header and show hide header bar feature:
    • Client Queries
    • Matters for Client
    • Matters for Partner
    • Review Points


Accountant’s Content (Content Update 241)

All document listed have had formatting, links and document profiles updated where relevant. In addition, all merge 2 equivalent templates have also been updated. Document changes noted below where additional changes have been made:


Tax Facts and Figures - 2019 - updated Centrelink rates for new rates published 1st January 2020. 


Recruitment Procedure - updated to include a a process for successful applicants.


Tax Planning Documents

  • Tax Planning - Client Newsletter 2020 - updated all rates and information relevant for clients for the 2020 year.
  • Tax Planning - Income Tax Changes Reference 2020 - updated all information for changes in law for the 2020 year.
  • Tax Planning Questionnaire – updated all rates and removal of medical tax offset questions.



October 2019


Content Release

Smart Workpapers

    2019 Personal ITR Workpaper – main updates include:

  • Updated summary page for new D11 – D15 workpaper
  • Supplementary Deductions - new workpaper for D11 – D15 deductions

 

2020 2020 BAS & IAS Workpapers – updated Fuel Tax Credit rates for new rates published 5th August 

 

    2019 Accounts and Tax Workpapers – main updates include:

  • Tax Reconciliation template – updated partnership & trust distribution to calculate based on a % distribution.
  • Franking Credit template – updated Dr & Cr columns to exclude items not in the current period date range.
  • Superannuation Liability template – updated to include automatic Superannuation expense import from Xero.
  • FBT Contributions template – updated Logbook formulae details are not required for vehicles using the 20% statutory rate.
  • Chattel Mortgage template – Updated to include columns for current year charges, charges due in less than 12 months and charges due in greater than 12 months
  • Hire Purchase template – Updated to include columns for current year charges, charges due in less than 12 months and charges due in greater than 12 months
  • Loan Repayment Schedule – Updated template to include GST exclusive interest calculations for Hire Purchase loans. 
  • The following templates have been updated to include sticky header and show hide header bar feature:
    • Client Queries
    • Journals
    • Matters for Client
    • Matters for Partner
    • Review Points


Accountant’s Content (Content Update 240)

All document listed have had formatting, links and document profiles updated where relevant. In addition, all merge 2 equivalent templates have also been updated. Document changes noted below where additional changes have been made:

 

ASIC Documents

  • New merge letters:
    • ASIC Company Registration - Signature of Company Statutory Records Letter 
    • Trust Registration - Signature of Trust Statutory Records Letter
  • ASIC Annual Review 
  • ASIC Annual Review Flowchart Version 
  • ASIC Change to Company Details 
  • ASIC Change to Company Details Flowchart Version
  • ASIC Registration of Company Checklist
  • ASIC Registration of a New Company
  • ASIC Registration of a New Company Flowchart Version 
  • ASIC Responsibilities of a Company Director or Secretary – Disclaimer inserted and updated director requirements in line with ASIC and corporations act.
  • Share Transfer Form - Explanatory notes have been updated in accordance with Australian standard transfer form.


September 2019



Content Release

Smart Workpapers

Job Budget and Fixed Price Agreement – main updates include:

  • Updated formatting.
  • Updated all worksheet to include Addition of reconciliation field to make it easier to view whether an account is out of balance or reconciled. 
  • Additional information to show whether there is data/no data entered the worksheets.

    

    2019 SMSF Workpapers – Connected – Updated index formatting

 

HowNow Online Merge Letter Updates (Content Update 5)

All HowNow Online merge documents have been updated to the latest versions. 

  • Acceptance of Engagement - Ethical Clearance
  • Accounts Preparation Covering
  • Accounts Preparation Engagement
  • ATO Lodgement Reminder
  • ATO Overdue Payment Notice
  • ATO Payment Arrangement
  • BAS Covering (Short Version)
  • BAS Covering with Accountant's Report
  • Company Assessment Notice  (Refund)
  • Company Assessment Notice (Payment)
  • HowNow Online General Merge Letter
  • IAS - Covering
  • Personal ITR - Covering
  • Personal ITR (Amended Assessment)
  • Personal ITR (Multiple Assessment Notices)
  • Personal ITR Assessment Notice  (Nil Amount)
  • Personal ITR Assessment Notice (Payment)
  • Personal ITR Assessment Notice (Refund)
  • Statement of Account
  • Tax Engagement

 

Accountant’s Content (Content Update 239)

All document listed have had formatting, links and document profiles updated where relevant. In addition, all merge 2 equivalent templates have also been updated. Document changes noted below where additional changes have been made:


ATO Correspondence 

  • ABN and TFN Registration Advice Letter
    • Update for various delivery methods
  • ATO Defaulted Payment Arrangement Letter
    • Updated for 4 potential reasons for a default. (Payment not made, Payment less than expected, Payment to wrong account, Future obligations not met)
  • ATO Garnishee Notice Letter
    • Updated to include paragraph explaining what a Garnishee Notice is.
  • ATO Overdue Payment Notice Letter
    • Update grammatical error in letter
    • Income Tax Assessments and Other Statutory Notices


Client Engagement Matters

  • Accounts and Tax Engagement Letter
    • Addition of 'GST exclusive' to fees by hour paragraph;
    • New optional paragraph for reporting referral income in accordance with APES 110
    • Other minor explanations, details and grammatical changes.
  • Tax Engagement Letter
    • Addition of 'GST exclusive' to fees by hour paragraph;
    • New optional paragraph for reporting referral income in accordance with APES 110
    • Inclusion of paragraph for disclosure of intended use and distribution in accordance with APES 305 4.5(b);
    • Other minor explanations, details and grammatical changes.
  • Engagement Letter for Other Assignments
    • Addition of 'GST exclusive' to fees by hour paragraph;
    • New optional paragraph for reporting referral income in accordance with APES 110
    • Inclusion of paragraph for disclosure of intended use and distribution in accordance with APES 305 4.5(b);
    • Other minor explanations, details and grammatical changes.
  • Job Budget and Fixed Price Agreement Smart Workpapers

 

Client Prospects and Proposals

  • Prospects Procedure
  • Proposal Letter for Prospective New Client
  • Clients Gained and Lost and Prospect Conversion
  • Ways for Keeping in Touch with Prospects
    • Updated document formatting and added alternative contact ways for modern technology.


Human Resources

  • HR Policy - Employee Leave
    • Updated for NES entitlements - Family & Domestic Violence Leave
  • HR Policy - Induction, Probation Periods, Flexible Work Arrangements and Types
  • HR Policy - Serious Misconduct
  • WHS - Hazard Register
    • Updated to meet FairWork recommendations
  • Recruitment Procedure
  • Notice to Unsuccessful Applicants
  • Hays Salary Survey
  • Offer of Employment Letter and Standard Terms and Conditions
    • Updated to include NES entitlements for unpaid family & domestic violence leave.
  • New or Change Team Member Details
  • New Team Member IT Set-Up Form
  • Induction Checklist
  • Personnel Records Checklist
  • Probation Period Completion Letter
    • New template with successful and unsuccessful probation period paragraphs
  • Probationary Period Procedure
  • Disciplinary (First) Warning Letter
    • Replacement for ‘Disciplinary Warning letter’
  • Disciplinary (Second or Final) Warning Letter
    • New template
  • Termination of Employment  Serious Misconduct Letter
    • New template
  • Termination of Employment Letter
    • New template
  • Conclusion of Employment Checklist
  • Acceptance of Resignation of Employment Letter
  • Employment Reference Letter


Other Documents

  • Client Portal Merge 2 Letter
    • Updated to include an optional paragraph regarding cloud-based software and data storage locations
  • Debtors - Credit Review Checklist
  • Firm Budget and Cashflow Plan Workpapers
  • Tax Facts and Figures - 20129 
    • Updated for changes to Centrelink rates as at 20 Sept 2019


Quality Assurance & Data Management

  • Overview of Your Firm's Quality Control
    • Updated to include APES GN 31 - Professional and Ethical Considerations relating to Low Doc Offering Sign-offs
  • Quality Control - Checklist
  • QA Policy - Acceptance and Continuance of Client Relationships
  • QA Policy - Ethical Requirements
  • QA Policy - Human Resources
  • QA Policy - Monitoring Quality Control in the Firm
  • QA Policy - Quality Assurance in the Firm
  • Risk Management Framework - Templates
  • Managing Personal Information
    • Reviewed and disclaimer updated
  • Monthly Complaints Monitoring Form
    • Updated formatting and form details
  • Client Categorisation Workpapers
  • Client Files Reviewed – Summary
  • Data Breach Management and Response Plan – Template
    • Reviewed and updated (all links have been updated for new OAIC websites)
  • Privacy Management Plan – Template
    • Reviewed and updated (all links have been updated for new OAIC websites)
  • Management Meetings
  • Strategic Planning - Quarterly Plan
  • Strategic Planning – Questionnaire

August 2019


Content Release

Accountant’s Content (Content Update 238)

  • Single Touch Payroll
  • STP – 12 Month Engagement Authority Letter
  • STP – Finalisation Declaration Authorisation – Annual
  • STP - Finalisation Declaration Authorisation Individual Employee(s)
  • Your Guide to Buying a Business
  • Creating a Business Plan – Guide
  • Purchase of Business Checklist
  • Budget and Cashflow Forecast Checklist
  • Valuation of a Business Workpapers
  • Entity Matrix – Choosing a Business Structure
  • Current Financial Status Workpaper
  • Selling a Business


HowNow Online (Content Update 4)

  • Single Touch Payroll


Smart Workpapers

  • 2019 Capital Gains Tax Workpaper
  • 2019 Loan Repayment Calculator
  • 2020 Company Debit Loan Workpaper


Template Updates

2020 Company Debit Loan Workpapers – main updates include:

  • Updated formatting.
  • Updated index page to include two new auto-fill columns: 
    • Minimum Repayment;
    • Over / (Under) Min. Repayment.
  • Update the following worksheets:
    • Company Debit Loan Checklist – updated interest rates, updated external hyperlinks;
    • Debt and Equity Checklist – updated external hyperlinks;
    • Div. 7a Calculator – updated interest rates;
    • UPE Repayment Calculator – updated interest rates, workpaper functionality minor fixes.

 

Company Shareholder Loan Accounts Procedure - reviewed and updated links to documents.

 

2019 Loan Repayment Calculator - this document has been reviewed and updated.

 

2019 Capital Gains Tax Workpapers – main updates include:

  • Updated formatting.
  • Updated Homepage to include rounding tolerance
  • Updated index to include new feature column for checklists items.
  • Updated the following worksheets:
    • CGT Checklist – update hyperlinks;
    • CGT Event and Cost Base – update hyperlinks;
    • New workpaper – J30 GST Margin Scheme Workpaper – replaced the old GST Margin Scheme Workbook in HowNow. (J30 is also available in Accounts and Tax Workpapers)

 

Single Touch Payroll – letter templates to satisfying ATO requirements.        

  • STP 12 Month Engagement Authority Letter – letter and authority template for a client to provide an agent with authority for a 12-month period from the date of signature to lodge STP pay events on their behalf.
  • STP - Finalisation Declaration Authorisation Annual - letter and authority template for a client to provide an agent with authority to lodge finalisation declarations for all employees at the end of a payroll year.
  • STP - Finalisation Declaration Authorisation Annual - letter and authority template for a client to provide an agent with authority to lodge a finalisation declaration for an employee(s) part way through a payroll year, in the instance of employment ceasing.


Your Guide to Buying a Business - this document has been reviewed and updated with the latest rates, links and statistics.


Creating a Business Plan – Guide – this document has been reviewed and updated with the latest rates, links and statistics.

 

Purchase of Business Checklist – this document has been reviewed and updated with the latest links and formatting.


Budget and Cashflow Forecast Checklist – this document has been reviewed and updated with the latest links and formatting.


Valuation of Business Workpapers – this document has been reviewed and updated with the latest links and formatting.

 

Entity Matrix – Choosing a Business Structure – this document has been reviewed and updated with the latest links and formatting.

 

Current Financial Status Workpapers – this document has been reviewed and updated with the latest links and formatting.


Selling a Business – this document has been reviewed and updated with the latest links and formatting.




July 2019


Content Release

Accountant’s Content (Content Update 237)

  • 2019 SMSF Workpapers
  • SMSF Year End Compliance Procedure
  • SMSF Year End Covering Letter
  • SMSF Engagement Letter & Email
  • 2020 BAS & IAS Workpapers
  • BAS and IAS Preparation Procedure
  • BAS Information Gathering Questionnaire
  • 2020 Calendar of Key Dates
  • 2019 Tax Facts and Figures


Smart Workpapers

  • 2019 SMSF Workpapers
  • 2019 BAS & IAS Workpapers


Compliance Essential (Update 70)

  • 2020 BAS & IAS Workpapers
  • BAS Information Gathering Questionnaire
  • 2019 Tax Facts and Figures


Core Accounting (Update 19)


Template Updates

2019 SMSF Workpapers – main updates include:

  • Updated formatting.
  • Addition of reconciliation field to make it easier to view whether an account is out of balance or reconciled.
  • Additional information to show whether there is data/no data entered into the worksheets.
  • Update the following worksheets:
    • Checklist updates include:
      • Review and update links and rates where applicable.
      • New checklist items for downsizing contributions.
      • New checklist items for LRBA new reporting requirements.
      • Include checklist item for audit preparation: 'Confirmation of an outward rollover from the receiving super fund'.
      • Updated transfer balance cap amounts.
    • Member Contributions workpaper - Updated to include new Y label for LRBA reporting.
    • Contributions workpaper – Updated to include new H & H1 labels for downsizing contributions reporting.


SMSF Year End Compliance Procedure - reviewed and updated links to documents.


SMSF Year End Covering Letter and Merge 2 Letter– added AskData selection criteria for insurance advice. Eligible to be provided by AFSL licensed firms only.

 

SMSF Engagement Letter & Email – updated wording for no AFSL paragraph ‘Use the following paragraphs if the firm is NOT licenced to provide financial advice’.


2020 BAS & IAS Workpapers – main updates include:

  • Updated formatting.
  • Addition of notes/hyperlinks count.
  • Update the following worksheets:
    • Checklist Update rates and links.
    • Fuel Tax Credit workpaper – Updated FTC rates.
    • Luxury Car Tax – Updated LCT rates.


BAS and IAS Preparation Procedure - reviewed and updated links to documents.

 

BAS Information Gathering Questionnaire & Merge 2 - reviewed and updated rates and thresholds for 2020 year.

 

2020 Calendar of Key dates - reviewed and updated due dates and link to web pages.

 

2019 Tax Facts and Figures – main updates include:

  • Reviewed and updated tax rates for the 2019 year.
  • Reviewed and updated Centrelink rates from 1 July 2019.

 

ASIC Forms – updated website link

 

ASIC Lodgement Fees – updated website link


Important LMITO announcement 

Updated LMITO rates in all 2019 workpaper starter files

On Thursday 5 July, the Treasury Laws Amendment Bill 2019 received Royal Assent. As a result, all previously released 2019 workpaper starter files have been updated to reflect the LMITO rate changes. The following workpapers have been updated in the release:

  • 2019 Accounts and Tax Workpapers;
  • 2019 Primary Production Workpapers;
  • 2019 Trust Workpapers;
  • 2019 Personal ITR Workpapers;


Important SMSF Audit announcement 

SMSF Audit Workpapers and Documents 

As previously announced going forward we will not be providing updates to the SMSF Audit content (workpapers and documents) and this area will no longer be part of our content offering. You may continue to use our documents and update them yourself as required. All SMSF Audit documents have been set to 'Inactive' and 'Not Current' in the Knowledge system. To use the templates mark them as 'Document is Active' and assign 'Current Status' in the document profile.



JUNE 2019


Content Release

Accountant’s Content (Content Update 236)

  • 2019 Accounts and Tax Workpapers
  • 2019 Primary Production Workpapers
  • 2019 Trust Smart Workpapers
  • Accounts and Tax Procedure - How We Do It Here


Smart Workpapers

  • 2019 Accounts and Tax Workpapers
  • 2019 Primary Production Workpapers
  • 2019 Trust Smart Workpapers


Compliance Essential (Update 69)

  • 2019 Accounts and Tax Workpapers
  • 2019 Trust Smart Workpapers


Core Accounting (Update 18)

  • 2019 Accounts and Tax Workpapers


Template Updates

2019 Accounts and Tax workpapers – main updates include:

  • Updated formatting.
  • Addition of notes/hyperlinks count.
  • Addition of reconciliation field to make it easier to view whether an account is out of balance or reconciled.
  • Additional information to show whether there is data/no data entered into the worksheets.
  • Update the following worksheets:
    • All Checklists
      • Review and update links and rates where applicable;
    • Checklist Non - SBE;
      • Updated what’s new for 2019 including; annual aggregated turnover increase to $50m, Single Touch Payroll (STP), etc.
    • Checklist – SBE;
      • Updated what’s new for 2019 including; annual aggregated turnover increase to $50m, Immediate deductibility thresholds, etc.
      • Updated SBE instant assets write-off checklist
    • Checklist - Company;
      • Update Continuity of Ownership Test (COT) & similar business test checklist items
      • Update franking account checklist items.
      • Include Single Touch Payroll (STP) checklist items.
    • Checklist – Primary Production;
      • Include fodder storage asset write off checklist items.
      • Tax Rates - updated for the 2019 tax year (where available).
      • Motor Vehicle Rates - updated for the 2019 tax year.
      • Rental Property – added advertising expenses row in agency section


2019 Primary Production Workpapers – main updates include:

  • Updated formatting.
  • Addition of notes/hyperlinks count.
  • Addition of reconciliation field to make it easier to view whether an account is out of balance or reconciled.
  • Additional information to show whether there is data/no data entered into the worksheets.
  • Update the following worksheets:
    • Tax Reconciliation Business Income – remove cash adjustments rows
    • Averaging Worksheet – Updating calculations to include Low and Middle Income Tax Offset (LMITO)


2019 Trust Workpapers – main updates include:

  • Updated formatting.
  • Addition of notes/hyperlinks count.
  • Addition of reconciliation field to make it easier to view whether an account is out of balance or reconciled.
  • Additional information to show whether there is data/no data entered into the worksheets.


How we Do it here Procedure - reviewed and updated links to documents


Important SMSF Audit announcement 

SMSF Audit Workpapers and Documents 

Going forward we will not be providing updates to the SMSF Audit content (workpapers and documents) and this area will no longer be part of our content offering. We will still be providing our SMSF Compliance and documents as normal. SMSF Audit is a complex area and there are now many specialists offering solutions in this area. You may continue to use our documents and update them yourself as required.



May 2019    


Content Release   

Accountant’s Content (Content Update 235)

  • 2019 Personal ITR documents - updated for the 2019 tax year.
  • 2019 Interim Accounts & Tax Workpapers - updated formulas.

Smart Workpapers

  • 2019 Personal ITR Workpapers
  • 2019 Interim Accounts & Tax Workpapers - fixed conditional formatting in Chat cell; added named range to Tax Rates cell D34.

Compliance Essential (Update 68)

  • 2019 Personal ITR Workpapers
  • 2019 Interim Accounts & Tax Workpapers

Core Accounting (Update 17)

  • 2019 Interim Accounts & Tax Workpapers


Template Updates

Personal ITR 2019 Documents - the following documents have been updated:

  • 2019 Personal ITR Workpapers - main updates include:
    • All worksheets - update of formatting.
    • All worksheets - addition of Notes/Hyperlink count.
    • All worksheets - additional information to show whether there is data/no data entered into the worksheets
    • Summary - added Display button to provide layout display options.
    • PAYG Instalment Calculator - Individual - updated GDP uplift factor.
    • Rental Property - added advertising expense to rental statement section.
    • Medical Expenses Offset - updated thresholds for the 2019 tax year.
    • Invalid and Invalid Carer Offset - updated formulas in cells J27, J41.
    • Tax Rates - updated for the 2019 tax year.
    • Motor Vehicle Rates - updated for the 2019 tax year.
  • Personal ITR Procedure - reviewed and updated links to documents. 
  • Personal Income Tax Return - email template in .oft file format.



April 2019 


Accountant’s Content (Content Update 234)

  • 2019 Year End Questionnaires (including Accounts & Tax, Personal ITR, Primary Production and SMSF).
  • 2019 Interim Accounts & Tax Workpapers.
  • Division 293 Tax Assessment Letter (including the merge version).

Smart Workpapers

  • 2019 Interim Accounts & Tax Workpapers - main updates include:
    • Update of formatting.
    • Addition of Checklist Items count on the Index Page.
    • Addition of Checklist Items count to relevant worksheets.
    • Addition of Notes/Hyperlinks count.
    • Addition of Reconciliation field to make it easier to view whether an account is out of balance or reconciled. 
    • Additional information to show whether there is data/no data entered into the worksheets
    • Update to the following worksheets:

                            - Trade Creditors - changes to the layout to allow for new features coming soon

                            - Trade Debtors - changes to the layout to allow for new features coming soon

                            - Wages - changes to the layout to allow for new features coming soon

                            - Payroll Tax - updated for the 2019 rates.

                            - Sales Trading Account - updated value of goods taken for private use for the 2019 tax year (TD 2019/2).

                            - Tax Rates - updated for the 2019 tax year (where available).

                            - Motor Vehicle Rates - updated for the 2019 tax year.

Compliance Essential (Update 67)

  • 2019 Year End Questionnaires (Accounts & Tax, Personal ITR)
  • 2019 Interim Accounts & Tax Workpapers

Core Accounting (Update 16)

  • 2019 Year End Questionnaire (Accounts & Tax)
  • 2019 Interim Accounts & Tax Workpapers

March 2019 


Accountant’s Content (Content Update 233)

  • Salary Sacrifice 2020 documents – including the checklists and workpapers.

Smart Workpapers

  • 2020 Salary Sacrifice Workpapers.
  • Worksheet J10 BAS Monthly in Accounts & Tax Workpapers - fixed formula in cell H103.
  • Various templates in the Accounts & Tax Workpapers have been updated to facilitate the new upcoming features in Connected Workpapers. To view the full list of updated templates click here.

Salary Sacrifice 2020 Documents - the following documents have been updated:

  • 2020 Salary Sacrifice Workpapers - main updates include:
    • All worksheets – added Reviewed and Partner Approved in status cell.
    • Checklist – has been reviewed and updated for the 2020 tax year.
    • Tax Rates – updated rates for the 2019/20 tax year (where available).





Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.