It’s a delicate balance. You need to make sure your company doesn’t pay too much in taxes, and at the same time, you need to be confident you’re playing by the rules and have all the documentation you need to withstand a stringent audit. Would your company’s tax strategy be more aggressive if you knew you could defend it? Would you appeal a tax assessment if you could support the case?
PowerPlan gives you the confidence you need. By providing better insight into detailed asset information, PowerPlan enables you to pursue a more aggressive tax strategy and optimize financial performance. It can also help you maintain a minimal property tax base by tracking all the information that factors into a valuation, across all jurisdictions, so you can improve your cash flow and take advantage of tax breaks and incentives.
Your job is to minimize your company’s taxes. You need to be able to find tax savings today, and make strategic decisions that will reduce your tax burden in the future. All the while ensuring that your company is 100% in compliance with tax and regulatory agencies. Traditional tax accounting methods don’t make it easy. The same fixed assets can get counted multiple times in different books. It’s virtually impossible to account for variances in the tax codes or regulations between geographies. Inefficient manual process often result in errors in tasks like preliminary closings, utilization, calculation of book and tax interest, and asset retirement obligation.
PowerPlan simplifies the process. By automating tax accounting, PowerPlan quickly and efficiently gets you the accurate financial data you need to minimize taxes and ensure your company is compliant.
Built on a powerful strategic corporate performance management platform that integrates with existing ERP and EAM systems, PowerPlan tracks critical financial data in extreme detail to give you the clarity you need to make confident decisions. Solution suites specific to your department include:
“The granularity of the data in PowerPlan enabled us to align operations, accounting and tax around new tax strategies, the result: 200+% ROI.”
– Tax Director, EQT