IFRS Reporting



"Tax disclosures are now more important than ever"

Since 1st January 2005, for many of us, IFRS has been become part of our daily responsibilities. Having to apply more emphasis on provision calculations and creating better transparency of your tax disclosures is now even more important than ever. With the short timeframe you have to generate the numbers and produce the reports it is important to have the processes and technologies in place. In the past, your choices were limited to spreadsheets or purpose built hard to use products that did not integrate well with other systems.

Tax Computer Systems is proud to offer the most user-friendly IFRS tax provisioning solution designed to handle tax accounting under IFRS. The solution “IFRS Reporting” is available as a hosted or as an in-house installation. Using Advanced IFRS to produce your tax provision will bring many benefits including:

  • A structured balance sheet liability approach as specified by IAS 12 to calculate deferred tax
  • Assistance with calculating the tax bases of assets and liabilities
  • Deferred tax calculations for share based payments transactions
  • Overall proof of tax charge
  • Improved efficiency through standardisation
  • Increased accuracy and auditability

The need for a structured way to manage your IFRS reporting exists more now than ever. A proprietary software system like Alphatax will automate, streamline and bring many benefits.

For more information or to book a presentation, please contact us and ask to speak to a member of our new business team.