Year End

11.2.4 Year End Processing: Calculate Tax – Deductions

When you move to the Deductions page, Mclowd displays a worksheet listing tax deductible amounts.

Tax Deductions

Review all the figures presented on the deductions page, comparing with your records to verify that figures match the expected values at all relevant labels.
Click the SAVE DEDUCTIONS button.
Mclowd confirms that the Deductions were saved and offers options to EXPORT TO EXCEL, PRINT or DOWNLOAD AS PDF.

Tax deductions worksheet savedClick BACK TO TAX HOME to move to the next step or the NEXT -SECTION D: INCOME TAX button at bottom right of the screen to move to the next step.

NEXT: SECTION D: INCOME TAX


about the author:

Lorraine Cobcroft

With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding.
Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.

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