How do I run the necessary reports for the annual company tax return?
Options
Jimmy Van
Member Posts: 4 ✭
Hi,
I'm using Reckon One. Just wondering how do I run the necessary report to get the requisite figures for the annual company tax return?
I'm familiar with BAS and its reporting function, but I am specifically after a report which will feed the Company Tax Return form - https://www.ato.gov.au/Forms/Company-tax-return-2016/.
Cheers
I'm using Reckon One. Just wondering how do I run the necessary report to get the requisite figures for the annual company tax return?
I'm familiar with BAS and its reporting function, but I am specifically after a report which will feed the Company Tax Return form - https://www.ato.gov.au/Forms/Company-tax-return-2016/.
Cheers
0
Comments
-
Your profit and loss statement is the basis for the preparation of your company tax return. Provided your have been processing all your transactions properly, the profit and loss account is the staring point for your company tax return and any accountant should be able to prepare a company tax return from that data and the balance sheet as well after he has made any necessary investigation of those statements
.
Michael Macleod
1 -
Thanks for your help Michael - this makes sense.
0 -
Hi Kevin, this will be our first company tax return - so no previous reference. Not expecting to lodge it unaided, but simply wondering if I'd missed anything while exploring, as other software vendors offer this functionality...
0 -
Jimmy,
other software can provide a tax return in that it will take the figures from your P&L account and summarise those figures into the appropriate categories that are required in the tax return such as lease payment, superannuation etc. There is still a need for an accountant to assess your Profit & Loss statements and balance sheet as to whether they are correct as to while the data may have been entered, there may be adjustments that need to be made such as depreciation etc
Michael macleod
1 -
Apologies Kevin, there doesn't appear to be something directly for clients, but there might be something for partners such as yourself -
https://practicestudiohelp.xero.com/au/Tax-AUGetStarted
0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 62 About Reckon Community