If your Company/ Trust Trial Balance has any amount in the Yellow and/or Light Blue highlighted areas, YOU ARE PAYING INCOME TAX on the money you have not earned.

SECOND OPINION from another qualified accountant would be the way to go!

ABC Pty Ltd
ABN 11 111 111 111
Comparative Trial Balance as at 30 June 2016
           
    2016 2016 2015 2015
    $  Dr $  Cr $  Dr $  Cr
  Income        
0569 FBT Employee Contributions/ Expense Recoveries            20,541.00            21,231.00
0575.03 Interest - Related Party   105112.26   103285.57
           
  Assets/ Liabilities        
3565.03 Loan - related party 1468636.64   1468636.64  
           
  Equity        
4110 Income tax on profit          83,667.30          174,302.70  
4199 Retained Profits      4,385,258.93      3,979,135.40
4200 Issued & Paid up Capital                    10.00                    10.00