Main Income Assessment and Forecast Calculator.

When you enter your income information on the main income screen you will see a "Forecast Calculation" icon at the top left of the screen. When you click this the computer will automatically perform a number of calculations for you and present you with the Assessment and Forecast Screen.

Note that the screen may appear a little squashy, we had to chop the image up for the internet, but in reality it is spread out and does take up the whole screen.

Lots of figures to look at

Lets discuss what we see above as this is and excellent example of both the standard and future forecast assessments.

It shows you current Taxable Income and Tax Bracket, according to the information you entered into the system.

It then also shows your current tax liability and the amount you have paid in income tax. This amount ($2849.85 above) is the amount of income tax in which the govt states you owe to date on the amount of $25000 of income.

You will notice in the middle of the screen it shows and amount of $1849.45 as current shortfall. This is obtained by taking away the amount of tax already paid from you tax liabilities. So you can see based on the information, this person is currently behind by $1849.85 in tax, and will be required to make this up

Lets discuss the Bottom Half of the Screen. This section is what we have called our Future Forecast Section. This is a great tool for those who can use it, but could in fact be used by almost everyone to determine how they are going.

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Forecast your income tax into the Future and Beyond - Stopping Future Tax Debts in its Tracks