Practitioner Edition

11.3 Year End Processing: Calculate Tax

This process is part of the End of Year procedure. It will calculate your tax obligations and display all the data you need to complete your income tax returns for your fund.

The calculation of tax is a distinct six-step process.

Mclowd will display a check mark in the ”Processed” column for each completed step.

These steps are inter-dependent and should be processed in the order displayed.

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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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