Beyond Compliance: Optimize Your Tax Strategy

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.

• Automate complex calculations
• Use what-if analysis to analyze acquisitions, divestitures, and policy changes
• Defend tax positions with both detailed views and consolidated reporting
• Meet unique regulatory reporting requirements
• Simplify forecasting of all tax depreciation, gain/loss and regulated deferred taxes