Tax Repairs
Manage Tax Repair Calculations and Expenses, Minimize Risk, and Maximize Productivity
Industry proven solutions for strategic tax management and compliance.
Reduce Tax Burdens and Optimize Tax Strategies With Robust Tax Repairs Automation
Regulators are holding companies accountable for not leaving money on the table for rate payers. PowerPlan’s robust and automated system is the best way to reduce your team’s burden while optimizing tax strategy.
For regulated asset-intensive companies, tax repairs is often the single biggest deduction to taxable income. The IRS has provided several Safe Harbor procedures to guide how companies should account for repairs expenditures. However, aligning accounting processes and data requirements is no easy task. For more than a decade, PowerPlan has provided the industry-standard software solution to manage tax repairs calculations and enable CFOs to strategically manage their tax repairs expense while minimizing risk and maximizing productivity.
200+ Asset Intensive Customers Trust PowerPlan
Taming the Tax Burden with a Powerful Solution
Easy Compliance
Provides the platform needed to align with complex tangible property regulations for both linear and non-linear property.
Automated Tax Calculations
Automates the calculation of tax repairs and simplifies the analysis of calculated deductions and capital add-ons.
Comprehensive & Configurable Testing
Enables automated testing of thousands of annual capital additions throughout the project lifecycle, from construction to placed-in-service.
Tax Basis Adjustments
Easily recognize the benefit of your tax repairs deduction through automatic integration with PowerPlan’s Tax Depreciation and Deferred Tax solutions.
Audit Support
Satisfies auditors’ and financial analysts’ needs via simplified balance sheet reconciliations.
Retirement Tracking
Tracks fixed assets throughout their useful lives, from placed-in-serviced all the way to retirement, including basis adjustments.
We’ve Helped Customers Achieve Powerful Results
