Tax Plan is ChangeGPS's flagship tax planning module, designed to help accountants and tax advisors create comprehensive, multi-scenario tax plans for Australian clients across all entity types. Tax Plan enables you to model income, deductions, adjustments, and distributions across up to six scenarios simultaneously, compare the tax outcomes side by side, and generate a professional tax advice report for your client.
Tax Plan is available in Australia.
What Tax Plan does
Tax Plan calculates income tax, Medicare Levy, and other tax obligations for every entity in the group — individuals, companies, trusts, partnerships, and self-managed superannuation funds (SMSFs) — across all scenarios simultaneously.
The module models trust and partnership distributions with full franking credit calculations, allowing you to compare the tax impact of different distribution strategies.
Tax Plan calculates Pay As You Go (PAYG) instalment obligations with an 18-month cash flow projection, helping clients plan their tax payments across the current and following financial year.
The module includes a library of 56 tax planning strategies across four categories — Income, Expenses, Superannuation, and Other — that can be applied to specific entities to model the tax saving from each strategy.
Tax Plan generates a professional tax advice report that can be exported as a PDF or Word document, sent via email, or signed digitally through FuseSign.
Who should use Tax Plan
Tax Plan is designed for accountants and tax advisors who create annual tax plans for clients with multiple entities or complex income structures. It is particularly valuable when your client has a company, trust, or partnership where distribution decisions materially affect the group's overall tax position.
Tax Plan supports all entity types: individuals, companies, trusts, partnerships, and SMSFs. It is suited to both straightforward individual tax plans and complex group structures with multiple related entities.
Key features
Up to 6 scenarios — Create a Base Scenario and up to five additional comparison scenarios to model different tax strategies and distributions side by side.
Multi-entity workspace — Enter income, deductions, and adjustments per entity across the full group. Scenarios are displayed in tabbed columns for easy comparison.
56 tax planning strategies — A built-in strategy library covering Income timing (8 strategies), Expenses (39 strategies) and Superannuation (5 strategies). Strategies are applied per entity and the tax saving is calculated automatically.
Distribution modelling — Model trust and partnership distributions in dollar amounts or percentages. Franking credits are calculated and attributed automatically.
PAYG instalments — Calculate PAYG instalment obligations for the current financial year and the following 6 months, with a full cash flow projection.
Year-end reminders — Add checklist items tied to specific entities to remind clients of year-end actions required to execute each strategy.
MLS Family Groups — Configure Medicare Levy Surcharge (MLS) family income groups for accurate MLS calculations across related individuals.
Client import — Import the client group and all entities directly, pre-filling names, entity types, and relationships.
Four report types — Choose from Full Tax Plan, Tax Flow summary, Scenario Comparison table, or Excel data export when generating the final document.
FuseSign integration — Send the completed tax plan for digital signature via FuseSign directly from within the module.
How Tax Plan fits into ChangeGPS
Tax Plan is the central hub of the ChangeGPS advisory platform and connects to most other modules.
Division 7A — Loan repayment data from Division 7A can be exported directly into Tax Plan, ensuring that minimum yearly repayments are reflected in the client's income and deductions.
Capital Gains Tax (CGT) — CGT outcomes from the CGT module can be incorporated into the Tax Plan to show the full tax impact of an asset disposal alongside other income.
Fringe Benefits Tax (FBT) — FBT liabilities can be included in the Tax Plan as deductions for employer clients.
Client Import Manager (CIM) — The full client group structure — entities, relationships, and entity types — can be imported from CIM with a single search, avoiding manual re-entry.
Getting started
Navigate to Tax Plan from the ChangeGPS dashboard and select New Tax Plan.
In Step 1 — Client Setup, search for the client group using CIM import or enter entities manually. Add all entities in the group (individuals, companies, trusts, partnerships, SMSFs).
In Step 2 — Workspace, enter income, deductions, and adjustments for each entity. Use the Scenarios tabs to model different approaches. Configure distributions in the Distributions section.
In Step 3 — Strategies, select strategies from the library and assign them to relevant entities. Add year-end reminders for any action items.
In Step 4 — Preview & Send, select the report type, preview the document, then export, email, or send for digital signature via FuseSign.
Need help?
If you have questions about Tax Plan or need assistance with a specific client scenario, reach out to our support team through the chat widget or contact your account manager.