Fixed Assets | Improving Tax Transparency, Control and Confidence Under Justified Trust

Fixed assets remain one of the heavily scrutinised areas under the ATO’s Top 100 and Top 1,000 assurance programs, with issues often arising from data quality problems, inconsistent tax bases and weak linkages between the GL, asset registers and taxable income adjustments. For many organisations, these challenges consume significant senior tax time each year, particularly during year-end, audit and ATO assurance cycles.

In this session, we show how Alteryx and TaxTime help organisations automate fixed-asset workflows, strengthen tax governance and materially reduce the manual effort required to prepare reconciliations for audit and ATO review.

You will see how organisations can:

• Automatically reconcile Book FAR WDV, GL, Tax base and Tax FAR WDV, reducing weeks of senior tax effort into hours.
• Consolidate book and tax registers into one view for clear comparison of capitalisation dates, useful lives and depreciation outcomes.
• Flag exceptions early using rules-based analytics that highlight assets requiring attention.
• Track all asset movements with drill-down detail that supports defensible audit and ATO explanations.

We then show how clean, validated data flows into TaxTime, automating tax consolidation, tax effect accounting, tax notes and tax return preparation. With every calculation traceable and explainable, tax teams can respond confidently to ATO queries and Justified Trust reviews without rebuilding workings or untangling spreadsheets.

This session is designed for Heads of Tax, Senior Tax Managers and CFOs seeking stronger fixed-asset governance, reduced manual effort and improved reporting confidence.