Using Technology to Determine Optimum Percentage-of-Completion (POC) Cost Methods
Crowe Horwath LLP can help you take proactive steps to reduce tax liability, protect cash flow, and get the most out of improving market conditions.
The Crowe POC Manager® is a Web-based, tax calculation tool developed by experienced tax professionals to automate the percentage-of-completion tax compliance process for organizations with long-term contracts. This solution offers:
- Dynamic comparisons of book-to-tax differences for selected methods
- Work-in-progress and other on-demand reporting
- An automated grid to view detailed and summary job information
- Drill-down reconciliation capabilities
- Automated calculation of look-back interest
- Access to multiyear, secure data
Using the distinctive features to simplify the comparison between tax accounting methods can help you deduct costs at the right time and defer taxable income.