Tax Reporting

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    Al Marciante
    Enterprise Performance Management – Tax Reporting Update: W...
    Topic posted September 9, 2019 by Al MarcianteBronze Trophy: 5,000+ Points, tagged Tax Account Rollforward, Tax Provision 
    190 Views, 4 Comments
    Enterprise Performance Management – Tax Reporting Update: What's New September 2019, 19 September 2019 @ 9 a.m. PT - Submit Questions

    Submit your questions for the Enterprise Performance Management – Tax Reporting Update: What's New September 2019 to have them answered during the live event. Post your questions by posting a new comment to this topic.

    Please submit your questions by Wednesday, 18 September 2019.




    • Liz Leerson

      What are the tips for managing Multi-GAAP adjustments in the situation where these adjustments are only booked in detail at certain times of the year such as for statutory reporting or tax return preparation? For example P1 to P11 has a GL load in a different GAAP to the tax calculation and GAAP adjustments are not booked in the trial balance for monthly reporting. Tax calculations for these months would include estimates for the tax impact of GAAP adjustments. For P12 the GAAP adjustments are prepared and booked as a GAAP adjustment in the trial balance and tax calculations prepared on this basis.



      • Kenneth Kramer

        Tax Automation has been updated with the Sept 2019 release to include a source and target for Multi-GAAP rules.  For instance tax automation rules can operate on data in a different Multi-GAAP member and post to another Multi-GAAP member.

        Does this address your question?

    • Christine Pritchard

      What are the plans to provide the facility/features to meet the UK Making Tax Digital requirement



      • Kenneth Kramer

        Data reporting requirements for direct tax can be accessed through and/or stored in Tax Reporting.  Electronic data reporting can be done with Narrative Reporting similar to how CbCR filing is done now.