CORPTAX State Planner™ simplifies the state tax compliance process by automating the calculation of estimated income tax for multiple states and doubles as a corporate tax planning software solution for planning corporate changes that may affect multistate tax operations.
Our state and federal corporate tax planning software solutions integrate with CORPTAX® U.S. Compliance to provide you with full corporate tax planning capabilities from a multiyear perspective.
Below is a list of a few key benefits of our state planner software. Click here for a full list of product benefits and features.
Fully Integrates with CORPTAX® U.S. Compliance
State Planner integrates with the CORPTAX® U.S. Compliance system to automatically calculate the estimated income tax for multiple states. It utilizes the compliance data currently stored in the CORPTAX database to reduce data entry and simplify state income tax planning. In addition, you can use data from previous estimates for subsequent calculations, summary data for quick planning or specific data for more detailed calculations.
Flexible Reporting Capabilities
State Planner gives you the flexibility to calculate the estimated tax liability for multiple states within one report.
The report provides you with detailed information on multiple states, each in its own column, side-by-side. It can also
compute a columnar combined or consolidated return.
Planning and Analysis Capabilities
State Planner's built-in flexibility allows you to calculate the estimated payments due and quickly simulate “what-if” state
planning scenarios. By changing an apportionment component or modifying the income or deductions, State Planner will recalculate the tax. It can also accommodate numerous scenarios for comparing and simulating corporate changes as they affect state tax liabilities.
Customizable Calculations
With State Planner you can customize the calculations to reflect your special needs. State Planner gives you control over the indicators and variables that manipulate the calculations (e.g., a tax rate change during the year), and easily updates and recalculates changes.