| A | B | |
|---|---|---|
1 | ||
2 | Simple Tax Plan | |
3 | ||
4 | ||
5 | 1. Income | |
6 | Category | Amount |
7 | Sales Revenue | |
8 | Other Income | |
9 | Total Income | $0.00 |
10 | ||
11 | 2. Direct Costs | |
12 | Category | Amount |
13 | Cost of Goods Sold | |
14 | Direct Labor | |
15 | Total Direct Costs | $0.00 |
16 | ||
17 | 3. Gross Profit | |
18 | Category | Amount |
19 | Total Income | |
20 | Less Total Direct Costs | |
21 | Gross Profit | $0.00 |
22 | ||
23 | 4. Expenses | |
24 | Category | Amount |
25 | Rent | |
26 | Utilities | |
27 | Salaries | |
28 | Super | |
29 | Marketing | |
30 | Office Supplies | |
31 | Insurance | |
32 | Other Expenses | |
33 | Total Expenses | $0.00 |
34 | ||
35 | 5. Net Profit | |
36 | Category | Amount |
37 | Gross Profit | |
38 | Less Total Expenses | |
39 | Net Profit | $0.00 |
40 | ||
41 | 6. Add Backs (Non-Deductible Adjustments) | |
42 | Category | Amount |
43 | Unpaid Superannuation - Unpaid in Current Year | |
44 | Accounts Payable - Current Year (ex-GST) | |
45 | Accounts Receivable - Prior Year (ex-GST) | |
46 | Accounting Depreciation | |
47 | Accrued Expenses - Current Year | |
48 | Entertainment Expenses | |
49 | Fines and Penalties | |
50 | Other Add Backs | |
51 | Total Add Backs | $0.00 |
52 | ||
53 | 7. Subtractions (Deductible Adjustments) | |
54 | Category | Amount |
55 | Accounts Receivable - Current Year (ex-GST) | |
56 | Accounts Payable - Previous Year (ex-GST) | |
57 | Prior Year Super Paid in Current Year | |
58 | Accrued Expenses - Prior Year | |
59 | Tax Depreciation | |
60 | Other Subtractions | |
61 | Total Subtractions | $0.00 |
62 | ||
63 | 8. Taxable Income | |
64 | Category | Amount |
65 | Net Profit | |
66 | Add Total Add Backs | |
67 | Less Total Subtractions | |
68 | Taxable Income | $0.00 |
69 | ||
70 | 9. Tax Payable | |
71 | Category | Amount |
72 | Taxable Income | |
73 | Tax Rate | 25.00% |
74 | Total Tax Payable | $0.00 |