PowerPlan Announces Latest Tax Solution to Help Companies With Complex Partnerships Optimize Their Tax Strategy

September 18 15:41 2017 Print This Article

ATLANTA, Sept. 19, 2017 (GLOBE NEWSWIRE) — PowerPlan announces the availability of Tax Fixed Assets, the newest cloud-based solution for companies with complex partnerships and Master Limited Partnerships (MLPs) in the oil and gas industry, which enables organizations to develop the best tax strategy for their business.

Today, tax departments are faced with a number of business challenges. They are required to stay abreast of ever changing tax standards and manage organizational costs. Additionally, companies structured as partnerships must track and maintain separate and integrated compliance reports for tax purposes. When you layer in the complexity of asset ownership, mergers, acquisitions and divestures, tax departments become overwhelmed and strategy takes a back seat.

“PowerPlan’s Tax Fixed Assets solution was purpose-built to help businesses, especially partnerships or MLPs, to be tax compliant and tax aggressive at the same time,” says Nick Alexander, Senior Product Manager. “This innovative solution leverages best-practices for financial optimization and control, automates calculations and delivers robust what-if scenarios so companies can remain compliant with the most recent federal, state and local tax regulations, while providing the flexibility to take an aggressive position.”

A complete, SaaS-based tax depreciation and deferred tax software solution designed to handle multiple sets of books with a single entry, PowerPlan Tax Fixed Assets acts as an intelligent tax data gathering and preparation tool. The solution automates and optimizes all fixed assets across the organization, including book reconciliation, tax depreciation, depletion and deferred taxes. For more information about Tax Fixed Assets, visit http://bit.ly/2w4ezr4.

About PowerPlan

PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. For more than 20 years, the integrated solution has provided complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email [email protected] or visit www.powerplan.com.

For more information, contact:
Tiffany Smith
[email protected]

view more articles

About Article Author

Jessica Yaniv
Jessica Yaniv

Jessica is the founder and editor-in-chief of TrustedNerd.com. Covering major tech shows such as CES, Jessica is always there for the latest tech news. Want your gadget to be reviewed or have a release you'd like to be considered for publishing? Send Jessica an email, jessica [at] trustednerd.com

View More Articles