October 2020
Content Release
Accountant's Content (Content Update 252)
COVID-19 Workpapers – updated COVID-19 Alternative Tests JobKeeper Extention template - Business temporarily ceased trading during the relevant comparison period
2020 Tax Facts and Figures – converted to active Smart Workpaper document.
Accounts & Tax Workpapers - update the functionality and layout of the monthly GST template.
All documents listed below have had formatting, links and document profiles updated where relevant. In addition, all equivalent merge templates have also been updated. Document changes noted below where additional changes have been made:
ASIC Registration of Company Checklist
ASIC Registration of a New Company
ATO Instalment Obligations
Quality Control – Checklist
Authority to Deduct Fees Production Forms - reviewed and updated in accordance with APES 310 Client Monies.
Debtors - Control and Collection of Overdue Accounts
HR Policy - Use of Company Vehicles
Recruitment Interview Checklist
Career Development and During Employment Procedure
Probationary Period Procedure
WHS - Emergency Management Control and Evacuation Plan
WHS - Work Health & Safety Policy and Procedures Handbook
Management Meetings
Meeting Agenda - Strategic Planning
September 2020
Content Release
Accountant's Content (Content Update 251)
2020 Tax Facts and Figures – reviewed and updated Centrelink rates from 20 September 2020.
Job Budget and Fixed Price Agreement Smart Workpapers - reviewed and updated for the 2020 year.
COVID-19 Workpapers – updated templates included:
Employee Eligibility - main updates include:
August 2020
Content Release
Accountant's Content (Content Update 250)
2021 Company Debit Loan Workpapers – main updates include:
2020 Loan Repayment Calculator - this document has been reviewed and updated.
2020 Capital Gains Tax Workpapers – main updates include:
2020 BAS & IAS Workpapers – main updates include:
2020 Accounts & Tax Workpapers - main updates include:
All documents listed have had formatting, links and document profiles updated where relevant. In addition, all merge equivalent templates have also been updated. Document changes noted below where additional changes have been made:
Company Shareholder Loan Accounts Procedure
Entity Matrix - Choosing a Business Structure - updated tax rates for the 2020 year.
July 2020
Content Release
Accountant’s Content (Content Update 249)
2020 SMSF Workpapers - main updated include:
All Templates - main updates include:
2020 BAS & IAS Workpapers – main updates include:
All Templates - main updates include:
2020 Fringe Benefits Workpapers - main updated include:
2021 Calendar of Key dates - reviewed and updated due dates and link to web pages.
2020 Tax Facts and Figures – main updates include:
All documents listed have had formatting, links and document profiles updated where relevant. In addition, all merge equivalent templates have also been updated. Document changes noted below where additional changes have been made:
BAS Information Gathering Questionnaire
BAS and IAS Preparation Procedure
SMSF - Year End Compliance Procedure
SMSF - Year End Covering Letter
SMSF Engagement Letter
SMSF - Annual General Meeting Minute
SMSF - Section 290-170 Notification Fund Acknowledgement
SMSF - Super Fund Audit Representation Letter
Account Based Pension (TRIS) Minimum and Maximum Letter - updated to include an optional paragraph for 50% reduction in minimum pension payments.
Account Based Pension Minimum Payment Letter - updated to include an optional paragraph for 50% reduction in minimum pension payments.
Allocated Pension Minimum and Maximum Letter - updated to include an optional paragraph for 50% reduction in minimum pension payments.
June 2020
Content Release
Accountant’s Content (Content Update 248)
2020 Accounts and Tax Workpapers – main updates include:
All Templates - main updates include:
Division 7A - main updates include:
2020 Primary Production Workpapers – main updates include:
All Templates - main updates include:
2020 Trust Workpapers – main updates include:
All Templates - main updates include:
Personal ITR Procedure - updated for the 2020 year
Accountant’s Content (Content Update 247)
2020 Personal ITR Workpapers – main updates include:
Trust Year End Distribution Minutes - updated template to include income year end date fields.
Trust Year End Distribution Resolutions - updated template to include income year end date fields.
2019 Accounts & Tax Connected Workpapers - updated named ranges on Home page for new XPA features.
May 2020
Content Release
Accountant’s Content (Content Update 246)
2020 Personal ITR Workpapers – main updates include:
Summary - main updates include:
PAYG Instalment Calculator - main updates include:
Salary & Wages - main updates include:
All documents listed have had formatting, links and document profiles updated where relevant. In addition, all merge equivalent templates have also been updated. Document changes noted below where additional changes have been made:
Accounts & Tax - Year End Questionnaire 2020 - Updated for the 2020 year
Personal ITR - Year End Questionnaire 2020 - updated for the 2020 year
Primary Production - Year End Questionnaire 2020 - updated for the 2020 year
SMSF - Year End Questionnaire 2020 - updated for the 2020 year
Personal ITR Procedure
Accountant's content (Content update 11 May 2020)
COVID-19 Workpapers – updated templates included:
Business Participant Eligibility main updates include:
Alternative Tests - main updates include:
April 2020
Content Release
Accountant's content (Content update 28 April 2020)
COVID-19 Workpapers – updated templates included:
Accountant's content (Content update 26 April 2020)
COVID-19 Workpapers – updated templates included:
COVID-19 Alternative Tests - template to assess an employer's eligibility for one of the following alternative tests:
Employee Eligibility - main updated include:
Accountant's content (Content update 23 April 2020)
COVID-19 Workpapers – updated templates included:
Note: Entity alternative test calculation sections are expected to be finalized and available on Mon 27 April.
Accountant’s Content (Content Update 244)
COVID-19 Workpapers – new workpapers, templates included:
2020 Interim Accounts & Tax Workpapers – main updates include:
2020 Tax Planning Workpapers – minor update to starter file layout and formatting.
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
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:
February 2020
Content Release
Smart Workpapers
2020 Fringe Benefits Tax Workpapers – main updates include:
2021 Salary Sacrifice Workpapers – main updates include:
2020 BAS & IAS Workpapers – main updates include:
2020 Accounts & Tax Workpapers – main updates include:
2020 Accounts & Tax Workpapers - Connected – main updates include:
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
January 2020
Content Release
Smart Workpapers
2019 Tax Planning Workpapers – main updates include:
The following templates have been updated to include sticky header and show hide header bar feature:
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
October 2019
Content Release
Smart Workpapers
2019 Personal ITR Workpaper – main updates include:
2020 2020 BAS & IAS Workpapers – updated Fuel Tax Credit rates for new rates published 5th August
2019 Accounts and Tax Workpapers – main updates include:
The following templates have been updated to include sticky header and show hide header bar feature:
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:
September 2019
Content Release
Smart Workpapers
Job Budget and Fixed Price Agreement – main updates include:
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.
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
ATO Defaulted Payment Arrangement Letter
ATO Garnishee Notice Letter
ATO Overdue Payment Notice Letter
Client Engagement Matters
Accounts and Tax Engagement Letter
Tax Engagement Letter
Engagement Letter for Other Assignments
Client Prospects and Proposals
Ways for Keeping in Touch with Prospects
Human Resources
HR Policy - Employee Leave
WHS - Hazard Register
Offer of Employment Letter and Standard Terms and Conditions
Probation Period Completion Letter
Disciplinary (First) Warning Letter
Disciplinary (Second or Final) Warning Letter
Termination of Employment Serious Misconduct Letter
Termination of Employment Letter
Other Documents
Client Portal Merge 2 Letter
Tax Facts and Figures - 20129
Quality Assurance & Data Management
Overview of Your Firm's Quality Control
Managing Personal Information
Monthly Complaints Monitoring Form
Data Breach Management and Response Plan – Template
Privacy Management Plan – Template
August 2019
Content Release
Accountant’s Content (Content Update 238)
HowNow Online (Content Update 4)
Smart Workpapers
Template Updates
2020 Company Debit Loan Workpapers – main updates include:
Updated index page to include two new auto-fill columns:
Update the following worksheets:
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 the following worksheets:
Single Touch Payroll – letter templates to satisfying ATO requirements.
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)
Smart Workpapers
Compliance Essential (Update 70)
Core Accounting (Update 19)
Template Updates
2019 SMSF Workpapers – main updates include:
Update the following worksheets:
Checklist updates include:
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:
Update the following worksheets:
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:
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:
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)
Smart Workpapers
Compliance Essential (Update 69)
Core Accounting (Update 18)
Template Updates
2019 Accounts and Tax workpapers – main updates include:
Update the following worksheets:
All Checklists
Checklist Non - SBE;
Checklist – SBE;
Checklist - Company;
Checklist – Primary Production;
2019 Primary Production Workpapers – main updates include:
Update the following worksheets:
2019 Trust Workpapers – main updates include:
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)
Smart Workpapers
Compliance Essential (Update 68)
Core Accounting (Update 17)
Template Updates
Personal ITR 2019 Documents - the following documents have been updated:
2019 Personal ITR Workpapers - main updates include:
April 2019
Accountant’s Content (Content Update 234)
Smart Workpapers
2019 Interim Accounts & Tax Workpapers - main updates include:
- 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)
Core Accounting (Update 16)
March 2019
Accountant’s Content (Content Update 233)
Smart Workpapers
Salary Sacrifice 2020 Documents - the following documents have been updated:
2020 Salary Sacrifice Workpapers - main updates include: