CORPTAX® Advanced Global Provision (CORPTAX AGP) provides a comprehensive software solution to help you control and manage your company's global tax provision process. This system automates data collection, calculation analysis and reporting to streamline worldwide FAS 109 compliance by eliminating redundant work, standardizing provision processing and increasing internal controls.
CORPTAX AGP calculates federal, state, and foreign current and deferred tax provision, deferred tax assets and liabilities, rate reconciliation, footnote disclosure, and global tax basis balance sheet and provides for data analysis, audit support and planning. The system can accommodate complex computational provision requirements but also is flexible and easy to use for companies who have less complex needs.
CORPTAX Advanced Global Provision is fully integrated with the CORPTAX U.S. Compliance system to achieve significant efficiencies in both the provision and tax return process. The integration of provisions and compliance solutions supports the full automation of your company's tax life cycle. CORPTAX Advanced Global Provision includes the Advanced Domestic Provision module, which can also be licensed independently of the global module.
Insurance provision workpapers are now integrated directly in AGP and ADP so you can calculate and present provisions for capital and ordinary income separately with summary column that ties to total income. The system provides complete calculations of admitted DTA per SSAP10 paragraph 10 and disclosures from paragraph 18.
