Milestone Group has rolled out a new tax expense calculation module for superannuation funds within its pControl platform, Global Pensions reports. The module automates tax accrual calculations for individual tax-paying funds and industry funds, asset managers, multi-managers as well as life companies.

The optimized fund processing solutions’ provider’s pControl platform helps with daily allocation of tax liabilities performed as a single, automated process that can be merged with unit pricing to reflect tax calculations on an ongoing basis. The pControl tax and accounting solution offers services, such as tax expense calculations, distribution calculations, distribution processing, gain or loss management, general ledger and account views.

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