Company tax

[Patch]

Manager only calculates VAT/GST, not income tax for individuals or companies or employees.

I looked at using a custom tax code but it was frowned on and didn’t work as expected

Capital sub account tax code

I think there is a bug when using tax codes and capital sub accounts. Using v19.7.24 desktop on Windows 7. An example I would like to use Journal entry from “Retained earnings” to “Capital Accounts” → “Member 1” → “Share of profit” - tax code Changing the tax code makes no difference. 100% funds are transferred to “Share of profit”, none going to any tax code directed account. An example showing an issue but I don’t think I need to use currently “Receipts & Payments” → “New Receipt” …

Australian SMSF member contributions

All journal entries above put 15% in the “Tax income liability” account. An equivalent way of doing this by using a tax code such as [1%20Tax%20code] The tax can then be taken out during the distribution of profit just by applying the tax code [1%20Distribution%20profit%20-%20tax%20codes] Instead of [19%20Distribution%20profit] Similarly when adding a members concessional contribution [1%20member%201%20Concessional%20JE%20-%20tax%20code] instead of [12%20member%201%20Concessional%2…