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Tax Benefit Schedule
Updated over a month ago

Introduction

Tax Loss Carryforward feature to ValuPlan Plus allows users to effectively account for tax loss carryover, a common practice that enables companies to apply losses from previous years to reduce taxes in future profitable years.

The Tax Loss Carryforward enhances the precision of tax calculations, allowing companies to offset future tax liabilities with prior losses. This results in a clearer view of tax impacts over time, which is especially beneficial for companies experiencing fluctuating earnings.

With this functionality, users can model future cash flows more reliably, reinforcing Valutico’s appeal in regions where tax loss carryforward is essential for effective financial planning.

Accessing the Tax Loss Carryforward Feature in ValuPlan Plus

  1. Check Eligibility
    Ensure you have ValuPlan Plus access, as this feature is available exclusively for ValuPlan Plus users.

  2. Create a Scenario and Choose the “Cost by Type” Plan
    Begin by creating a new scenario, and set the plan to “Cost by Type.”

  3. Open ValuPlan Settings
    Navigate to your dashboard, then access the ValuPlan settings.

  4. Enable the Tax Benefit Schedule
    In settings, click on Tax Benefit Schedule to activate the Tax Loss Carryforward feature.

    • The feature will appear as a supporting schedule located below the income statement.

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