Product Information
Overview
Tax Technologies, Inc. (TTI) is revolutionizing the corporate tax and audit process. Tax Series™ is a
true Internet/intranet application (also called Web-native software). With this type of delivery,
you can complete work anywhere, any time using an already familiar paradigm — the
Web browser. With
authorized security rights, you can log on and enter or review financial and tax data from any site
with an Internet/intranet connection. No more waiting for a package to be returned or importing and
exporting from system to system. TTI offers both a hosted and in-house solution, but if you choose the
hosted version you can log on and begin preparing the return tomorrow. Save time and money on hardware
and software costs. No more unexpected environment problems, hardware upgrade requirements with version
changes, update maintenance, or need for in-house database specialists...it is all maintained for you.
General Features
TTI's clients asked for an easy-to-use, yet robust tax product. Other products on the market had
become encumbered by legacy systems and were hard to use, had stability issues, and had become too costly
to reimplement and maintain. Although the law can be complex,
TTI's clients did not think the software used
to comply needed to rival the tax law in complexity. So
TTI designed the easiest step-by-step intuitive
system ever built with Federal and International compliance in mind.
- Easy to use/Helps train users unfamiliar with law
- Short implementation time
- One uniform user interface
- Automatic data movement based on ownership structure
- Multi-year/Multi-scenario
- Multi-user access by Internet or intranet
- Most complete international tax law compliance on the market today
e8865 Overview
e8865 helps corporate tax departments simplify compliance with the controlled foreign
partnership reporting requirements. e8865 eases the complexity of this newer filing requirement and is
the only product on the market offering comprehensive partnership allocation, income sourcing, and expense
apportionment calculations that seamlessly integrates with owning partner data. e8865 handles the most
complex ownership structures, however, it can also support the simplest
two-partner partnerships with ease.
e8865 Features
General
- Easy import of data helps set the system up fast
- Handles unlimited general ledger systems, charts
of accounts, and currencies
- Lets you map unstandardized data into a standardized
chart of account format
- Can create automatic adjustments
- Where necessary, appropriate functional currency
translations occur
- Can customize the system to display only the
904(f) baskets pertinent to your company, lessening
user confusion
- Can create master sourcing templates to help
save set-up time
- Maintains organizational structure
- Handles simple to complex organizational
structures
Calculations
- Easy input/import of partner share and capital
contributions
- Allows for changes to and tracks changes to
partner accounts each year
- Handles short period returns with ease
- Lets you source income by basket
- Allows you to directly allocate or apportion
expenses using flexible methods
- Allows for specific allocation of all items to partners on user-defined
or system generated basis
- Fast, efficient calculations that alert you to
the status of the process
- Diagnostics indicate if errors exist
- Partnership allocation for each of the partners
must be determined and the partner share of asset
and income (loss) needs to be attributed to partners
Review
- Quick to generate and easy to navigate
online review of forms
- Easy to understand reports that can be printed and/or integrated with
Microsoft® Excel®
- Shows tax workpapers in local currency and USD
- Easy to create and navigate Form 8865 with
supporting whitepaper
- Ability to create a print binder and attach
other forms if needed
Audit
e8865 can be integrated with TTI's AuditTracker™ tool. AuditTracker can link adjustments to a tool that
contains the support from inception of audit issue through to the agreed upon adjustment, tracks the
history, and contains all supporting documentation for the adjustment.
Planning
Case feature lets you create different planning scenarios based on newly entered data such as
budget numbers or on data that is already in the system. You can do organizational structure planning,
future year forecasting, dividend repatriation planning as well as certain transactional planning.
E-Filing/Archiving
- E-filing certified by the IRS
- Archiving capabilities available
|
