Acquisitions and divestitures. Multiple accounting standards and practices. Diverse tax strategies, driven by local, state and federal requirements. The “greening” of America. PowerPlan can help every financial step along the way...
PowerTax is a tax depreciation and deferred tax system designed specifically for the demanding requirements of oil & gas industry. PowerTax automates all asset-related tax functionality, including book-to-tax reconciliation, tax depreciation, and asset-related deferred taxes. The solution also acts as a data gathering and preparation system, collecting and processing book transactions and M-Items using built-in routines. PowerTax integrates directly with PowerPlan’s Fixed Asset, Provision Budgeting, and Tax Repairs systems to allow companies to quickly leverage actual and forecast data for processing.
Is it possible to be tax aggressive and confidently compliant?
PowerPlan has a complete book to tax reconciliation and planning tool for partnerships.
We're helping the oil & gas industry improve operational efficiency and cash flow.