Companies that do business in multiple locations – either domestically or globally – face unique challenges related to tax accounting, provisioning, reporting and compliance. - Doug Finley, President of CCH Canadian Ltd.
Toronto, ON (Vocus/PRWEB) April 05, 2011
Companies looking to simplify provisioning calculations, eliminate manual processing of direct taxes, and automate global tax data collection can now turn to tax compliance expert CCH Canadian for its web-based solution, Global Integrator.
CCH Canadian’s Global Integrator offers significant advantages because it integrates with their premier tax compliance software, Corporate Taxprep, for streamlined tax reporting, compliance, and planning from a single platform. CCH Canadian is Canada’s leading provider of tax and accounting software, services, and information (http://www.cch.ca).
“Companies that do business in multiple locations – either domestically or globally – face unique challenges related to tax accounting, provisioning, reporting and compliance,” said Doug Finley, President of CCH Canadian Ltd. “CCH Canadian now offers a new solution, Global Integrator, that helps professionals confidently overcome those challenges.”
Global Integrator helps multinational organizations ensure accuracy, and streamline and automate core tax provision and compliance areas. It’s a web-based solution that provides anytime, anywhere data collection, analysis and tax reporting globally.
Canadian companies, operating on a multi-national basis will be pleased to know that Global Integrator is currently available in English, Dutch, Spanish, Japanese, French, German, Portuguese, Swedish and Chinese.
In the United States, Global Integrator has been honoured by Accounting Today as one of the “2011 Top New Products”. In describing the new software solution, the February 2011 edition of Accounting Today notes “CCH’s new Global Integrator streamlines and standardizes the process to create consistent reporting formats, handle the necessary calculations and conversions, and generally make tax provisioning much easier and more accurate.”
Eliminates Manual Processing
Global Integrator eliminates manual processing of multi-jurisdictional direct taxes through a number of automation and control features. These include automated loading of trial balance and fixed assets data, standardization and automation of tax adjustments and loading of late accounting adjustments, automated currency conversion and consolidation, and a flexible tax basis balance sheet.
Simplifies Calculations, Ensures Compliance
Global Integrator also automates and standardizes tax calculations and reporting processes for improved risk management. For example, multinational organizations can use Global Integrator to calculate the current and deferred taxes of entities in compliance with local tax rules and International Financial Reporting Standards (IFRS).
Satisfies FAS109 and IAS 12 Requirements
Global Integrator also helps organizations meet their FAS109 and IAS 12 requirements by helping:
- Identify permanent and temporary differences;
- Calculate current income tax expense and deferred income taxes;
- Calculate deferred tax assets and liabilities;
- Determine the need for a valuation allowance;
- Record the calculations on financial statements; and
- Prepare financial statement footnotes.
“Tax executives face significant tax provisioning and compliance challenges, and they need integrated, authoritative information and productivity tools to help them,” said Finley. “Companies looking for a combined solution can use Global Integrator and Corporate Taxprep to streamline business tax returns, as well as to meet additional corporate tax compliance requirements such as domestic or global provisioning.”
For More Information
For more information about Global Integrator, please call 1-800-268-4522 or visit http://www.cch.ca/GlobalIntegrator.
About CCH Canadian Limited
CCH is Canada’s premier provider of authoritative compliance software, research and practice tools for accounting, legal and business professionals. CCH Canadian produces software and information products that help customers take command of complex regulatory issues in tax, accounting, law, financial planning and human resources. CCH (http://www.cch.ca) is a Wolters Kluwer business (http://www.wolterskluwer.com).
Wolters Kluwer is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.