Tax
Management Systems (TMS) For the past two years, our members
have contributed their experiences to the development of a proprietary
tax system that is specifically designed for a tax company to handle
clients of all sizes and in most federal, state, and local jurisdictions.
Our system has been thoroughly tested and in production for the past
two years and has successfully handled more than a billion dollars
in tax liabilities without any penalties. Furthermore, we have successfully
licensed our tax system to other payroll companies so that they can
process their clients' taxes. We had been approached by company such
as Zurich Tax Filing Solutions to license our cash management module
for use in their operation to manage their clients' balances.
In addition to the standard services
that other tax systems do, such as processing, paying the taxes, filing
the returns, and being in compliance, our Tax Management Systems (TMS)
has unique features such as :
|
-
Our TMS is linked directly to
our bank so that it can reconcile before and after the transactions
actually posted to our
bank accounts. We can see and deal with outstanding transactions
the day they occur instead of waiting 30 days or more to receive
our bank
statements. This is especially important because sometime transactions
are being presented to our bank that we didn't initiate and/or
were initiated without our permission. In addition, we can deal
with transactions
that are time sensitive such as EFT deposits.
-
Our TMS has an extensive list of items that it constantly
monitors and sends alerts to our management team of potential problems
that might occur.
-
Our TMS tracks exactly which information was changed
or deleted by anyone on which date and at which times.
-
Most returns are automatically saved in Adobe PDF
format and can be generated anyway that you want.
-
Our TMS can impound and prepare ACH, Draft, Wire Instruction,
ACH request, etc. to collect money from our clients' account(s).
-
Our TMS can prepare ACH debit/credit, wire, and/or
check payments.
-
Our TMS can project the daily balance for any period
of time depending on the information available and processed.
-
Our TMS can analyze how much revenue (interest and
fee) is generated from each account and from all accounts.
-
Our TMS is very user friendly. All information pertain
to a client can be viewed from a single place or information pertain
to a specific transaction can be viewed for all clients at the same
time.
-
Our TMS is secured down to the field level and to the
specific action.
|
 |
Follow
is a listing of some sample reports from our TMS:
- Daily Checklist
- Our TMS has a unique balancing process
that enables it to balance each and every client's balance based
on the actual transactions against the client's registers, company
registers,
and bank registers. At any minute, we can account for all the transactions
for any time period. Should we be out of balance for any reason,
our system can pin-point exactly which transaction caused the balancing
error.
- Quarter
End Checklist
- Daily
Balance
- Company Register Special Handling
- Company Register Outstanding Transactions
- Bank Register Special Handling
- Bank Register Outstanding
- Client
Ledger
- Quarter
End Tax Statement
- Quarter
End Account Reconciliation
- Expected Payrolls
- Pending Payments
- Pending Deposits
- Interest Income
- Quarter End Analysis
- Quarter End Balance
|
 |
