CypherTax Helps Conquer Complex Emerging Industry Tax Rules

Alternative Energy Company Uses CypherTax Technology to Manage Transaction Taxes.

Alternative energy companies have overly complex tax rules, many of which are industry-specific differences to standard tax rules. They asked CypherTax to support a labor intensive process that was rife with errors due to the manual tasks.

CypherTax creates schedules to streamline manual processes.

What used to take days now takes minutes...

Using capabilities that only skim the surface of our functionality is all that was required. We utilized our simple data management capabilities to support a heavily customized ruleset, making tax determinations consistently applicable across their numerous entities and partnerships.

CypherTax produces schedules that are sent to their compliance provider to file their returns. Our schedules are formatted to make it a seamless transition from their spreadsheets to an import.

A lookback was performed to gauge exposure.

Why not take the configuration to look backwards and prepare us in case we're exposed.

The same logic for going forward was plug and play for a look back. CypherTax looked at approximately 18 months of data that was managed using their prior process to identify errors.

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