BalanceCheat
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Help / Operating model

Taxes

Model tax as a rate on pre-tax income or as an explicit expense or benefit.

Available modeling methods

Method / inputBehavior
Rate on pre-tax incomeA rate between 0% and 100% applies to positive taxable income.
Tax amountEnter an explicit signed tax amount; a negative amount is a tax benefit.
Loss carryforwardEnable Advanced loss carryforward and enter its opening balance.

Losses and manual years

With the loss-carryforward option active, forecast losses increase the carryforward and available losses offset positive taxable income in rate-driven years. Historical years do not run this forecast loss schedule. A manual-only tax year freezes the loss balance rather than silently consuming it. Switching between amount and rate preserves each method’s assumptions.

Separate statement and valuation tax

Statement tax affects net income, cash flow and retained earnings. DCF normally calculates unlevered operating tax from EBIT and the model tax rate; choosing model tax deliberately includes financing effects. This is a financial planning mechanism, not a jurisdiction-specific tax return or deferred-tax model.

Check a loss-to-profit transition

Enter an opening loss balance, forecast a loss year and a later profitable year. Inspect loss usage, tax expense and cash together. Compare a manual tax amount in a separate scenario rather than adding it on top of the rate result unintentionally.

Open in the financial model ↗

Documents the current implemented behavior. Example assumptions are not market data.