Corporate Tax, Planning and Management 2015 M. Murali, Asst. Prof. Page 1 MBA, M.Com, MA (SOC), B.Ed Unit I: Introduction to Tax Management Tax Management Just as everyone knows you can count on death and taxes, you know that you can count on one thing in managing taxes: change. A changing constituent base, changing ownership of properties, changing regulations, changing reporting requirements. OpenRDA‘s Tax Management system is designed to manage change. You define codes, classifications and other data types to match your needs. Use the import/export capabilities to accept updated appraisals and send data to reporting agencies. The Tax Management Modules (Real Property and Personal Property) give you the tools you need for recording, tracking and calculating taxes. Seamless integration with Financial Management, Bank Reconciliation, Collections, and Budget Preparation keeps your financials up-to-date and ensures data consistency. User-defined tables, expressions, and formulas process supplements, unique taxes, or charges. A powerful editor that simplifies the task of editing individual records when needed Features: Powerful on-line editor updates taxpayer, property and assessed value data on-line Print detail and summary reports on demand User-defined codes and classifications simplify data management Land books and property books supported Automatically computes tax levies, late payment penalties and simple interest due Interface with 3rd party assessors packages to import/export data Information accessed via property ID, owner name or property location or other user-defined criteria Creates and maintains detailed records for each transaction including: Property ID Owner Transaction Date Tax/Charge Amount Payment Charge Master files contain the following information, and more: District Exempt Amount Market Value Taxable Value Class Code Digest Reference Number Tax Relief Code Description Bill Number Tracks unlimited number of information years Prior year information is secure and available for review and analysis
Corporate Tax, Planning and Management
Jul 04, 2023
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