Tax Planning Services for Australian Tax & Accounting Practices

The preparation behind your tax planning advice

Tax planning season concentrates into the months before 30 June, when your team gathers financial information, runs the numbers, prepares scenarios and builds supporting workpapers before every client discussion. Venus provides the tax planning preparation behind your advice: the calculations, supporting schedules and review ready workpapers, prepared so your accountants and advisers spend their time reviewing strategies and advising clients.

Tax planning work we prepare for accountants and tax agents

Technical calculations and workpapers across the situations Australian practices plan for every year:

• Estimated taxable income and tax payable for companies, trusts, partnerships and individuals
• Year end and pre 30 June tax planning calculations
• Tax adjustment schedules
• Capital Gains Tax (CGT) calculations, discount and small business CGT concessions
• Tax loss utilisation calculations
• Depreciation and capital allowance calculations
• Division 7A calculations, benchmark interest and loan workpapers
• Trust distribution and beneficiary allocation scenarios
• Superannuation contribution calculations and cap positions
• PAYG instalment estimates and variations
• Franking credit and dividend planning calculations
• FBT impact calculations
• Income and expense timing scenarios

How it works

• You provide the information: financial statements, trial balance, prior year tax returns, asset schedules and planning instructions
• We prepare the analysis: calculations, adjustments, comparative scenarios and supporting workpapers
• Your accountant reviews: your team applies professional judgement and sets the tax planning strategy
• You advise the client: the advice, recommendation and client relationship stay with your practice

Built for Australian tax practices

Our team works with Australian tax legislation, ATO requirements and the processes Australian accounting practices use every day. Workpapers follow your practice's templates, formats, naming conventions and review procedures, prepared in your practice software:

Quality controlled tax planning workpapers

Every assignment follows an established preparation and review process, and every workpaper is built so the calculation trail is easy to follow:

• Clearly documented assumptions
• Supporting calculations attached
• Source information referenced
• Tax adjustments identified
• Scenario comparisons where required
• Consistent workpaper presentation

Why practices use Venus for tax planning support

What your practice gains through tax planning season and the rest of the year:

• Senior accountants freed from building calculations and workpapers
• More year end and EOFY tax planning capacity
• Complex calculations and scenario modelling prepared by an experienced team
• The advisory relationship stays in house: strategy, recommendation and client communication remain yours

The advice stays yours

Venus prepares calculations, scenarios and supporting workpapers. You retain responsibility for professional judgement, tax advice, recommendations and client communication. Venus acts as an extension of your tax team, preparing the technical groundwork behind your practice's tax planning process, and the result is technical work your accountants can review, refine and take straight into the client conversation.