From 30 June 2026, Australian subsidiaries, consolidated groups, and joint ventures will need to determine whether they fall within scope, and when exemptions apply.

At SW, we’re already helping clients map their entities, minimise compliance costs, and prepare for lodgement with our CTS Pillar Two software.

Why CTS Pillar Two?

CTS Pillar Two is your comprehensive solution for navigating the complex landscape of OECD Pillar Two calculations. As international tax regulations continue to evolve, it’s crucial for businesses to stay ahead of the curve and ensure compliance with the latest standards set by the OECD.

CTS Pillar Two is designed to be user-friendly, highly flexible, and intuitive. It seamlessly integrates with any internal workpapers, ensuring a smooth and efficient workflow. 

Key features

CTS Pillar Two empowers you to navigate the complexities of OECD Pillar Two calculations with confidence and efficiency.

Want to find out more?

To arrange a demo and learn more about CTS Pillar Two, get in touch with our CTS team. A team member will be in touch within the next business day. 

The post Preparing for Pillar Two | CTS Pillar Two appeared first on SW Accountants & Advisors.

For the eighth year, we are delivering an interactive 5-part seminar series to aspiring and emerging leaders in the Property and Real Estate Credit Funds Management sectors, with direct access to leading industry experts and their experience, strategic industry insights and pitfalls, and key issues ranging from structuring, debt and equity through to legal and compliance.

Facilitated by our property funds specialists, featuring content developed alongside industry, each session featured practical working considerations and discussions with market leaders.

Series speakers

Industry speakers

• David Omond | KM Property Funds
• Charlie Renney | Hall & Wilcox
• Greg Sugars | Preston Rowe Paterson
• Bruce Corrin | CDC Property Consultancy
• Tim Slattery | ASA Real Estate Partners
• Adam Murchie | Forza Capital
• Georgia Liu | CBA
• Kevin Said | AUS Finance Group

SW speakers

Simon Tucker
Director, Tax 
SW

Rami Eltchelebi
Partner, Assurance and Advisory Services
SW 

Stephen O’Flynn
Director, Tax
SW

Abi Chellapen
Director, Tax 
SW

Sejla Kadric
Director, Business & Private Client Advisory 
SW

Luke Fernandes
Director, Tax
SW

Shaneel Kumar
Associate Director, Corporate Finance
SW

James Serpell
Associate Director, Assurance and Advisory Services 
SW

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Emerging Property Fund Managers’ Series appeared first on SW Accountants & Advisors.

Introducing CTS GAT, our powerful solution that automates and streamlines the GAT process. Whether you’re currently using our CTS full tax compliance software or prefer a standalone tool, CTS GAT compares the financial statements with GST reported on Business. Activity Statements (BAS) by running an analysis to highlight any differences. CTS GAT helps ensure accuracy, efficiency and confidence in your GST reporting.

Key Contact:

William Zhang, Associate Director

The post CTS GST Analytical Tool appeared first on SW Accountants & Advisors.

• accounts integration
• tax management
• accounting for income taxes
• consolidated tax return preparation
• generation of tax journals and disclosures for the financial statements. 

CTS streamlines the calculation of tax balances to be included in the financial statements. 

The outcome – CTS delivers increased integrity, efficiency and effectiveness.

CTS automatically:

• calculates the current and deferred tax balances
• generates the journals required to be posted
• generates the comprehensive AASB 112 compliant disclosure notes to be incorporated into the financial statements.

This means that the complex tax effect accounting is simplified, with the hard work being done for you.

Features and benefits

CTS has a number of features and benefits that our customers take advantage of every day.

Tax Return preparation

CTS integrates the tax reporting and tax return preparation process. This feature mitigates the duplication of work and costs. CTS tax returns can be lodged manually or electronically with the ATO via the Standard Business Reporting (SBR) portal.

CTS facilitates record keeping and linking of all workpapers. The workpapers are systematic and form the basis of support in the event of a tax audit.

Integrity

With the automation function, automatic links, rigorous testing and in-built validation features, you can be confident with the outputs from CTS.

Tax management

The tax management component enables listing and monitoring of required tasks. This means stronger communication and more effective supervision.

Support

Our training and customer support is characterised by exemplary professionalism which means availability and prompt resolution of issues. When you ring our support line you will speak to a fully qualified tax professional who will be able to understand and resolve your issues.

Access to the helpline is provided at no extra cost.

Added value

CTS is backed by an easy to read help screen, written to promote understanding of highly technical tax effect accounting issues, which includes leading technical commentary and numerous practical examples.

Evaluate performance

CTS generates information to assist with the evaluation of the company’s performance and financial position.

Consolidation function

CTS enables the consolidation of the tax effect accounting balances and disclosure notes using a ‘bottom up’ approach. The system also enables the preparation and lodgement of the consolidated income tax return and schedules.

Geographic mobility

CTS enables subsidiaries/finance functions in different geographic locations to use the same tax effect accounting and tax return preparation software. The foreign currency translation functionality automates the translation, of local currency to the group’s reporting currency. 

User friendly 

CTS has been developed within the Microsoft Excel environment, providing a user friendly and familiar working platform for users. While CTS is intuitively simple to use, we have incorporated a detailed step-by-step user guide. This means most of the process can be delegated and less time is needed to become familiar with the software.

The users of CTS operate in the following sectors:

The post CTS for Corporates appeared first on SW Accountants & Advisors.

The 2024 Emerging Property Fund Managers series has now concluded. To register your interest for the next series, which will be announced in the coming months, please email marketing@sw-au.com.

For the seventh year, we delivered an interactive 5-part seminar series to aspiring and emerging leaders in the Property Fund Management sector, with direct access to leading industry experts and their experience, strategic industry insights and pitfalls, and key issues ranging from structuring, debt and equity through to legal and compliance.

Facilitated by our property funds specialists, featuring content developed alongside industry, each session featured practical working considerations and discussions with market leaders.

Series speakers

Industry speakers

• Howard Brenchley | APN Property Group
• David Omond | KM Property Funds
• Nick Klein | CyberCX
• Melissa Kingham | Haben Property Fund
• Chris Langford | Newmark Capital
• Emma Donaghue | Hall & Wilcox
• Georgia Liu | Commonwealth Bank of Australia

SW speakers

Simon Tucker
Director, Tax 
SW

Rami Eltchelebi
Partner, Assurance and Advisory Services
SW 

Stephen O’Flynn
Director, Tax
SW

Abi Chellapen
Director, Tax 
SW

Sejla Kadric
Director, Business & Private Client Advisory 
SW

Danny Armstrong
Director, Banking & International Business
SW

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Emerging Property Fund Managers series 2024 appeared first on SW Accountants & Advisors.

For the sixth year, we deliver an interactive 5-part seminar series to aspiring and emerging leaders in the Property Fund Management sector, with direct access to leading industry experts and their experience, strategic industry insights and pitfalls, and key issues ranging from structuring, debt and equity through to legal and compliance.

Facilitated by our property funds specialists, featuring content developed alongside industry, each session features practical working considerations and discussions with market leaders.

Series speakers

Industry speakers

• David Southon | Aliro Group
• Howard Brenchley | APN Property Group
• David Omond | KM Property Funds
• Chris Langford | Newmark Capital
• Emma Donaghue | McMahon Clarke
• Georgia Liu | Commonwealth Bank of Australia

SW speakers

Simon Tucker
Director, Tax 
SW

Rami Eltchelebi
Partner, Assurance and Advisory Services
SW 

Stephen O’Flynn
Director, Tax
SW

Abi Chellapen
Director, Tax 
SW

Sejla Kadric
Director, Business & Private Client Advisory 
SW

Matthew Schofield
Director, Corporate Finance
SW

Contact us

If you have any queries or would like more information, please contact the Marketing team via marketing@sw-au.com.

The post Emerging Property Fund Managers series 2022 appeared first on SW Accountants & Advisors.

CTS ETP Calculator can help reduce the stress and simplify exit calculations for your organisation.

CTS ETP Calculator is a robust software solution which can process thousands of exit calculations at a time, seamlessly integrating with outputs generated by your HR and payroll system. These features will save your HR and Tax team a considerable  amount of time and eliminate the risk of human error.

The calculator boasts the following functionality:

• Customisable for company specific termination rules to calculate the termination payout amount
• Company specific annual leave, sick leave, long service leave and RDO rules to calculate the various components of the payout to the employee on termination
• Calculation of PAYG withholding tax components on each component of the payout
• Concise employee report that can be provided to each employee to advise their after tax payout amount
• Summary report that can be used to forecast the overall cost of terminating employees.

Want to find out more? 

To learn more about how CTS can benefit your business, simply click here to email our CTS team and a team member will be in touch with you within the next business day.

The post CTS ETP calculator appeared first on SW Accountants & Advisors.

• A master transfer pricing file which provides a high level description of the global operations of the group
• A local file which describes the Australian operations of the group together with relevant intra group agreements
• A CbC report which includes the following information by entity and by jurisdiction: 
  • Revenue (split between related and unrelated parties)
  • Profit before tax
  • Income tax paid and accrued
  • Accumulated earnings
  • Number of employees
  • Tangible assets held
  • Activities undertaken by each constituent entities in the tax jurisdiction
  • Any further information which may assist with understanding the CbC report submitted.

The proposed law implements Action 13 G20 and Organisation for Economic Co-operation and Development’s (OECD’s) Action Plan on Base Erosion and Profit Shifting. 

The above reports if not obtained by the ATO through information exchange, must be lodged in XML format with the ATO.

CTS (CBC) enables the compilation, risk analysis and lodgement of your Master File, Local File and Country by Country report with the ATO.

Want to find out more? 

To learn more about how CTS can benefit your business, simply click here to email our CTS team and a team member will be in touch with you within the next business day.

The post Country by Country reporting (CbC) appeared first on SW Accountants & Advisors.

The features from our trusted CTS products are all at your disposal, including:

• Automation of tax adjustments directly from the trial balance
• Integration with Excel workpapers (including advanced auto-link functionality)
• Bulk trial balance upload for large groups
• Fast and user-friendly interface
• Audit report to help track reviewed numbers and queries from one convenient location
• Desktop, network and cloud options.

Want to find out more? 

To learn more about how CTS can benefit your business, simply click here to email our CTS team and a team member will be in touch with you within the next business day.

The post CTS for Partnerships appeared first on SW Accountants & Advisors.

CTS for Trusts has the following features:

• Preparation of tax distribution calculations
• Thinking done for you using CTS workpapers which include:
  • Under/overs
  • Loss recoupment
  • Blackhole 
  • Capital allowance
  • Capital works
• Preparation of Trust tax return
• Electronic lodgement of the tax return and schedules via the Standard Business Reporting (SBR) portal
• Rollover from prior year CTS files
• Rollup from subsidiaries (Trusts to AMITs or AMITs to Trusts).

Best of all, the existing features from our trusted CTS products are still there (and improved) including:

• Automation of tax adjustments directly from the trial balance
• Preparation of tax distribution calculations
• Integration with Excel workpapers (including advanced auto-link functionality)
• Bulk trial balance upload for large groups
• Fast and user-friendly interface
• Audit report to help track reviewed numbers and queries from one convenient location
• Easy-to-use structure for flowing distributions from Trusts or AMITs up to the head level
• Desktop, network and cloud options.

Want to find out more? 

If you would like a demonstration or have any further questions about CTS for Trusts, our fund experts would be happy to discuss. Simply click here to email our CTS team and a team member will be in touch with you within the next business day. 

The post CTS for Trusts appeared first on SW Accountants & Advisors.