Vertex Income Tax Compliance - Domestic

Use Vertex® Income Tax - Domestic to streamline your income tax processes. Manage the impact of constantly changing regulations and business directions. Create time for planning by improving data flow and quickly substantiating tax positions. Use data recorded in a format that meets the needs of the tax department.

Benefits

• Increases the accuracy of completed tax returns and establishes process consistency by automating the integration of data between applications and throughout the e-file process
• Improves the audit trail by working with "account level" data during the return process
• Speeds the substantiation of positions for audits, amendments and planning purposes through links to supporting documentation
• Customizes entities, structures and processes to meet changing business and regulatory requirements
• Simplifies the integration of General Ledger data for use throughout the return preparation process
• Creates various Mixed Return consolidations
• Minimizes reliance on spreadsheets for managing tax information

Features

• Provides visual and interactive book-to tax reconciliations
• Drills-through from forms and workpapers to source data for review, validation or auditing purposes
• Employs a workpaper or best-practice approach to tax return preparation
• Utilizes existing General Ledger data and accounts and can make adjustments to data at a level consistent with those used in financial accounting
• Uses built-in E-file capabilities that do not require the transfer of data into a separate application. Runs E-file validations at a single, legal or consolidated level
• Creates a compliance workflow through customized task lists and by allowing the attachment of research, positions and discussions used in the preparation process
• Facilitates multi-state level entry of apportionment, tax payments, and estimated payments.
• Automates book-to-tax adjustments at a shared or entity level
• Shares state allocation and apportionment data across all jurisdictions

Learn more about Vertex Income Tax - Domestic (PDF) or contact us today.