Deloitte has introduced a new tool that helps companies analyze how they might fare under various tax reform alternatives under consideration in Washington.

Deloitte’s Tax Reform Navigator uses actual and projected financial data to demonstrate how potential tax reform proposals may affect a company. The web-based tool compares company data side by side and measures the potential impact of proposals in the House Republican tax blueprint, President Trump’s tax plan and a 2014 tax reform bill that was introduced in Congress by former House Ways and Means Committee chairman Dave Camp, R-Mich., but never voted on.

Other parts of the online service include dashboards and at-a-glance reports. Deloitte is also working with clients to create reports that describe tax reform planning progress to top executives, boards and other stakeholders.

Deloitte building in Ottawa
Brent Lewin/Bloomberg

“Companies that prepare now may be better positioned to act advantageously if and when tax reform is enacted,” said Deloitte partner Terri LaRae, national leader of Tax Reform Advisory Services at Deloitte Tax LLP, in a statement. “We created Tax Reform Navigator to enhance Deloitte’s tax reform advisory services and give companies the confidence to make informed decisions during uncertain times.”

Michael Cohn

Michael Cohn

Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985.