Atlanta (April 14, 2004) -- Financial information and technology firm iLumen Financial Monitoring Inc. has made available a new suite of tax management and data analysis capabilities that enable CPAs to monitor and highlight tax-related changes across their portfolio of business clients throughout the year.
The Tax Monitoring Dashboard is a part of the iLumen Business Client Portfolio Monitoring Service for CPAs. It incorporates automated tax status calculations that model tax liability based on key factors including: an analysis of annual, quarterly or monthly taxable income; estimated tax liability; and accumulated tax payments.
CPA firms use the monitoring service to allow large numbers of private-company business clients to upload financials, which are analyzed and the results are delivered to their desktops.
"The Tax Monitoring Dashboard is a powerful, up-to-date information digest of the tax status of a private company," said Robert H. Woosley, co-founder and chief executive of iLumen. "Without an effective system to frequently capture and analyze interim financial data across a CPA firm's business client base, the tax planning process is reactionary and often too late to make meaningful adjustments."
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access