BNA Software has released a new version of its income tax-planning application to help the clients of accountants and tax practitioners plan around the changes in the tax cut extension law.

Version 2010.5 of BNA Income Tax Planner reflects the tax law changes contained in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which President Obama signed into law on Friday, December 17.     

“The modifications provided in the new version of our tax planning software enable tax and accounting professionals to provide seamless services that reflect the new law’s changes and extensions,” said BNA Software executive director Dean Sonderegger. “We monitored the progress of this compromise legislation from the initial discussions to the president’s signature to ensure our clients would have the right solution in a timely manner. BNA Income Tax Planner has been updated, tested and is ready for immediate installation.”

Over 20 changes and extensions in the 2010 Act have been incorporated in the new version of BNA Income Tax Planner. They range from changes in the Self-Employment Tax rate and computation of employee FICA to the extension of provisions such as the AMT exemption, Sales Tax Deduction, and the Child Tax Credit.

For further information, visit www.bnasoftware.com/Products/BNA_Income_Tax_Planner/Index.asp or call (800) 242-2938 and select option 3.

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