Corporate Income Tax
CORPORATE INCOME TAX SOFTWARE

Enhanced tax-effect accounting functionality

Automate every step of your tax planning and reporting with robust tax software solutions used by three of the Big 4 accounting firms and more than 1,200 big corporations in Australia. You'll gain power over your tax effect accounting process and reduce time and risks implied on the calculations you're just about to prepare.

Developed by our tax specialists and technology professionals based on users' feedback, our powerful platforms – PowerTax and N-ABLE are designed to help you excel in complex group consolidations, single entity calculations and IFRS compliance. The enhanced TEA schedules are designed to help you manage both simple and complex group consolidations and IFRS compliance.

  • Higher levels of automation and traceability
  • Extensive reporting and management functionality, including consolidation adjustments
  • Management of complex reporting groups
  • Automatically generated tax note to the accounts
  • Journal entries that account for amounts already posted in your GL and detail the net amount to be posted
  • Consolidated tax-effect accounting calculations functionality - visualise your consolidated group tax position on a single screen
  • Detailed multi-column, multi row analysis of the tax-effect accounting proofs, allowing you to see each entity's position at-a-glance and giving a proper reconciliation for the auditors
  • Automatically upload tax sensitive data to working papers (e.g. non-deductibles, low value pool etc.) to significantly speed-up the generation of provision calculations
  • Automated tax balance sheets and comprehensive deferred tax asset and liability reporting - easily pinpoint potential issues with DTAs, DTLs and variances. Ability to reclassify DTA / DTL disclosures
  • Complete bottom-up approach to tax calculations in line with UIG 1052
  • Deal with transfer of losses or other tax attributes and recognition of losses or other DTAs
  • Easily see whether items have been treated consistently on an entity-by-entity basis – e.g. same accounting treatment, same classification.

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POWERTAX or N-ABLE?

Let our Tax Software specialists assess your needs and point you in the right direction.