FRS 101 & IFRS Tax Reporting

Tax Computer Systems is proud to offer the most user-friendly IFRS tax provisioning solution designed to handle tax accounting under IFRS including the new FRS 101. Our IFRS & FRS101 Tax Reporting Solution is available as an in-house software installation or as a hosted service. Either way, using this software solution to produce your tax provisions will bring many benefits to your organisation including:

  • A structured Statement of Financial Position liability approach as specified by IAS 12 to calculate deferred tax
  • Assistance with calculating the tax bases of assets and liabilities
  • Support with calculating the carrying value of assets and liabilities
  • Deferred tax calculations for share based payment transactions
  • Overall Proof of Tax charge
  • Improved efficiency through standardisation
  • Increased accuracy and auditability.

 

The need for a structured way to manage your IFRS reporting, as well as the new FRS 101 reporting requirements, exists more now than ever. A proprietary software system like Alphatax will automate and streamline your processes as well as bring your organisation a variety of other business benefits.

 

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