The benefits of the solution include:
- Comprehensive tax reporting including depreciation, gain/loss, IRS summary reports (e.g. 4562, 4797 summaries), projection/estimate reports, and custom reports
- Tracking of an unlimited number of tax books (Federal, State, AMT, ACE, ADS, etc.)
- Reconciliations performed every year, including roll forward and book-to-tax reconciliations
- Asset Integrity team oversees data imports and identifies/resolves any data errors
- Asset Integrity team assigns depreciation attributes (e.g. bonus eligibility, tax lives, methods, conventions) to new additions of fixed assets to optimize tax benefits
- Pre-scheduled report generation to ensure reports are delivered to you when you need them
- Cloud-hosted and available 24/7
