The TaxFlow forecast report is in the bottom section of TaxPlan. To show the estimated tax payable by your client and every entity within their group for the next 18 months, follow these steps:
Select PAYG Instalments: Click the PAYG Settings button then choose either automatic or manually calculated PAYG instalments at the top of the drawer. Click Done after making any changes.
Open TaxFlow Information: Scroll down to the heading "TaxFlow Information" and click the ^ symbol to open or close this section for more space.
Specify Payment Timing: For each entity, specify when the tax payable or refundable amounts are due by selecting a value for "Month Payable / Refundable."
Enter ATO Tax Repayment Plan: Manually enter your client’s ATO Tax Repayment Plan. This could include any payments or amounts from BAS, PAYG, or any tax amounts owing that your client will be paying in the next 18 months, either as part of a repayment plan or anticipated due amounts.
Enter Lump Sum Amounts: Include any lump sum amounts as well.
Review PAYG Instalments: At the very bottom, you will see "FY Estimated PAYG Instalments" with payment intervals automatically calculated, which will flow into the TaxFlow report.