Tax Forms are reports which will help you compile your Income Tax Return for a company (other entities will be available in the future).
To run a Tax Form report, click on the Balances tab in the Datasets screen and then click on the Tax Form tab. Select the Company Tax Return option. The fields can be expanded to show or hide the detail of the accounts being represented in each of the tax form sections by using the arrows next to the form labels.
An example Tax Form report is below:
A complete list of the entire form fields for a Company Tax Return can be found below:
Label | Name |
---|---|
6 - Income | |
B | Gross payments subject to foreign resident withholding (excluding capital gains) |
A | Gross payments where ABN not quoted |
C | Other sales of goods and services |
D | Gross distribution from partnerships |
E | Gross distribution from trusts |
X | Forestry managed investment scheme income |
F | Gross interest |
G | Gross rent and other leasing and hiring income |
H | Total dividends |
I | Fringe benefit employee contributions |
Q | Assessable government industry payments |
J | Unrealised gains on revaluation of assets to fair value |
R | Other gross income |
S | Calculation of total profit or loss - Income |
6 - Expenses | |
B | Foreign resident withholding expenses (excluding capital gains) |
A | Cost of sales |
C | Contractor, sub-contractor and commission expenses |
D | Superannuation expenses |
E | Bad debts |
F | Lease expenses within Australia |
I | Lease expenses overseas |
H | Rent expenses |
V | Interest expenses within Australia |
J | Interest expenses overseas |
U | Royalty expenses overseas |
W | Royalty expenses within Australia |
X | Depreciation expenses |
Y | Motor vehicle expenses |
Z | Repairs and maintenance |
G | Unrealised losses on revaluation of assets to fair value |
S | All other expenses |
Q | Calculation of total profit or loss |
8 - Financial and Other Information | |
A | Opening stock |
S | Purchases and other costs |
B | Closing stock |
C | Trade debtors |
D | All current assets |
E | Total assets |
F | Trade creditors |
G | All current liabilities |
H | Total liabilities |
N | Loans to shareholders and their associates |
D | Total salary and wage expenses |
Next article: Datasets - Balances - Cashflow