Multi-State US Tax Compliance

Stringent corporate tax regulations implemented by the IRS and the United State Department of the Treasury are constantly requiring enhanced levels of accountability from Finance Executives. Now is the time to eliminate the use of complex and inaccurate multi-book spreadsheets and consider what a fixed asset management solution can do for you when it comes to complying with all tax regulations. Real Asset Management International’s (RAMI) Asset4000 software accommodates tax rules across all 50 states.

Improved Internal Control

• Incorporates multi-state tax requirements.
• Instant access to a comprehensive audit trail.
• Reduction in financial reporting errors.
• Control over accounting activities.
• Direction for accountants on how to properly depreciate assets (to comply with the guidelines set forth by the IRS and Section 404 of the Sarbanes-Oxley Act).
• Access to an unlimited number of books so that users are able to act in accordance with all necessary state-specific rules.
• The option for calculating Section 179 deductions.
• Ability to define Section 179 limits for every tax year in accordance with IRS publications.
• Frequent product upgrades that allow users to comply with changes in IRS guidelines.
• Complete control for Post 9/11 Renewal Zones.
• Creation of F4562 Worksheet based on calculated Section 179 deductions to aid in the filling out of F4562 IRS Forms.

Form 4562 can be difficult and complicated to complete; Asset4000 guides users through each section from beginning to end. The system also enables users to produce reports that summarize GAAP to TAX depreciation adjustments as well as run the following tax depreciation methods: Regular Tax, AMT, ACE, MACRS and ACRS.

Real Asset Management International strives to maintain its high standards within the software industry and has received the following accreditations: