Welcome to the Mclowd Practitioner Update.
This week has seen the release of version 4.9 of the Mclowd SMSF accounting Platform, which represents the most significant deployment for some time.
As part of this version Mclowd has now enabled online lodgement of the SMSF tax return via our Partner LodgeIT (integration with the Xero Tax engine will follow shortly).
Delivery against this target has necessitated a raft of improvements to both logic and usability, which will be immediately apparent to all users.
Active users will now be prompted to provide additional information regarding both Members and the Fund, including:
- Member and Fund TFN
- Fund ABN
- Details of prior year losses (if applicable)
This data will form part of the information submitted to the ATO, should the user choose to purchase this service (cost $5.50 ex GST per lodgement).
Other deliverables that have gone live include:
- The ability to record income against a receivable
- CGT and Losses Reports
- Improved presentation of unit trusts and hybrids
With an SMSF practitioner now joining the Mclowd Community on average every 36 hours, we are pleased to be able to deliver these ongoing and material improvements.
Please keep the feedback coming.
Mclowd Pty Ltd