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Xero Tax(AU) | Add Division 293 to tax estimation sheet

Add the calculation of our clients Div 293 liability to the tax estimation sheet.

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Maxine Bright shared this idea  ·   ·  Report…  ·  Admin →
delivered  ·  AdminKelly Munro (Community Manager, Xero) responded  · 

Hi everyone, as noted by another user on this idea this has been available since the 2020 tax return year.

The division 293 tax calculation can be calculated by creating a Superannuation contribution worksheet on the individual tax return. Once the worksheet is completed, on the estimate click on the 'Show fields' button next to the heading 'Other amounts that may affect the tax estimate'

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  • James Dolahenty commented  ·   ·  Report

    Could we get Div 294 estimates in the tax estimate. There is a warning for it.

    It seems virtually identical to HELP debts. Find the contributions number, this day you can see it on the ATo, and it come up on estimate.

    Saves a lot of working it out separate, or forgetting to mention to client they will have it.

    It is also very cumbersome from ATO ad they refund assessment first, then ask for Div294 afterwards. So it gets confusing if you don't prepare clients about it coming later so would be nice to be on the estimate. It's been around since 2013 I think so some software to gwlp us here would be ideal.