Deferred Tax for PowerTax Users

Newly updated for the new tax reform changes, this course is an introduction to deferred tax functionality in PowerTax. It will cover detailed steps and procedures. The focus is on regulated entities and the build-up of deferred income taxes related to bonus depreciation, tax repairs, and mixed service costs. Any company that wants assurance their deferred taxes are on a solid footing, does a full allocation of book depreciation and book activity in calculating deferred taxes, or just wants their staff to have a fundamental understanding of deferred income taxes would benefit from this course.

Topics:

• PowerTax Deferred Tax Module Navigation and Data Organization
• Deferred Tax - Theory and Concepts
• Applying corporate income tax rate changes
• Review reports available to analyze corporate income tax rate changes
• Book Depreciation and Deferred Tax Turnaround
• Book Allocation Setup
• Deferred Tax Schema Assign Window
• Deferred Tax Processing
• Reporting and Verifying Results