Tax Effect Accounting Toolkit

Publisher: Thomson Reuters


Tax Effect Accounting Toolkit


Tax Effect Accounting Toolkit - Achieve AASB 112 Compliance

Cut through complexity to achieve effective AASB 112 compliance. This easy-to-use, Excel®-based software simplifies the calculation of relevant tax balances, taking into account issues such as recognition exceptions, asset revaluations, investments in subsidiaries, branches and foreign operations.

Simplify this complex area with a Toolkit automated for ease-of-use. The Tax Effect Accounting Toolkit accounts for under/overprovision of income tax and includes a full note disclosure function and reconciliation worksheets for property, plant and equipment.

Tax Effect Accounting Toolkit Features

No matter what your reporting requirements, this tool can help you more easily: 

  • Quantify the effect of adopting the AASB 112 standard 
  • Prepare tax opening balances/prior year comparatives that comply with AASB 112 
  • Prepare tax numbers that comply with AASB 112 for full year and interim accounts
  • Save time with in-built validation checks, search and rollover functions
  • Simplify this complex area with detailed commentary and templates to reduce research time.

Tax Effect Accounting Toolkit is updated annually by ShineWing Australia.