Workpapers - Fix Income Tax workpaper that incorrectly shows current year June PAYG installment
Despite the fact I raised this years ago, it was ignored when building the new Workpapers (ironically, this workpaper is one of the few that mimics the original Workpapers layout).
The Income Tax workpaper (attached):
a. correctly shows 4 x current year PAYG Instalments in the 2025 Tax to pay/(refund) section
b. correctly shows the prior year June PAYG Instalment in the Balance sheet income tax reconciliation section
c. incorrectly automatically includes the current year June PAYG Instalment (copied from the section above), in the Balance sheet income tax reconciliation section
99.99% of the time, the prior year June PAYG Instalment will have been paid in the current year and therefore b is correct.
99.99% of the time, the current year June PAYG Instalment will NOT have been paid in the current year and therefore c is incorrect (and we have the additional and unnecessary work of reversing it EVERY. SINGLE. TIME).
Sam Gray
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