Overview:
To support the capital tax computation for very large businesses with substantial complex multi-year projects, the TARA system delivers a fully auditable system of allocating and re-allocating project spend between different tax categories. Using financial asset categories (or a different or bespoke split of project expenditure) tax specialists may input new allocations based on different analyses, at any time in the tax year. TARA takes new allocations and computes figures cumulatively and places adjustments into the current tax computation year. The history of tax allocations are fully tracked and available to users.
Imports from spreadsheet make input simple and easy to control – many companies use tax experts to deliver detailed analyses of projects: they can either input directly to the system or provide template spreadsheets and the system will access specific parts of the files.
Highlights:
- Complex capital project cumulative tax adjustments
- Multi-year tax allocation forecasting
- Multi-user multi-level process authorisation
- Multiple divisions capable
- Multiple company capable
The TARA system is unique in its approach to delivering a simple to use interface for non-IT specialists. The software is based on more than 12 years of expertise in delivering this functionality to one the UK’s largest private utility companies. The web based on-line software is available as a server stand-alone system or as a fully provided service.
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