Tax and Statutory Compliance
Tax and Statutory Compliance
Our historical emphasis on compliance means that we have highly developed processes that make Activa particularly unique in tax and statutory reporting.
Our emphasis on compliance has led to the development of a number of specialised processes incorporated into our product that make it particularly unique. Apart from the basic depreciation methods we incorporate the a broad range of tax specific methods that make us compliant in Australia, New Zealand, China and the United States. These include a number of legacy methods and procedures that have since been superseded or repealed.
In the Australian context, Activa automatically assesses the divestment of all assets for balancing adjustments and Capital Gains Tax liability producing the appropriate disposal outcomes. Another standard feature of all systems is the ability to generate the ATO Capital Allowances Schedule.
In the Australian context, Activa automatically assesses the divestment of all assets for balancing adjustments and Capital Gains Tax liability producing the appropriate disposal outcomes. Another standard feature of all systems is the ability to generate the ATO Capital Allowances Schedule.
The underlying data structure in the fixed asset database provides a reliable and efficient basis for all of the fundamental transactions associated with the recognition, measurement, depreciation, impairment and disposal of property, plant and equipment according to international accounting standards. It also provides the information for statutory disclosures relating to impairment adjustments, depreciation and disposals and most particularly revaluation details, valuation methodologies and historical cost values. All data transactions are fully audited and can be scrutinised at any time.
IFRS Compliance
A complete set of tools for IFRS in the areas of fixed asset and capital lease accounting.
ATO Compliance
Ensuring that you have the tools to meet your tax obligations without any fuss.
US Tax Compliance
Navigates the IRS regulations for the cost recovery of business and income-producing property.
Governance and Sarbanes Oxley
Enhanced standards and enforced corporate responsibility are changing the way we manage our businesses.
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| Article last updated : Dec 11 2011 9:56AM |  |