Introducing Longview Tax
Introducing Longview TaxTax Provision calculates your company’s global tax provision, effective tax rate, and deferred taxes for tax provisioning purposes. Since Tax Provision uses the same technological platform as your corporate performance management solution, the tax reporting process is directly integrated into the corporate close process. As one solution, consolidated pre-tax income can b...
Working in Longview Tax
Working in Longview TaxLongview Tax is the portal through which users can access the products they have purchased, including Tax Provision, Task Management, Global Transparency, and Planning.Signing on to Longview TaxYour Administrator will provide you with a link to the Longview Tax Dashboard, from which you can open Longview Tax. To sign on to Longview Tax:Click the link provided by your Long...
Completing the pre-provision process
Completing the pre-provision processThe following table outlines the pre-provision process for Tax Provision:Note: If an owner of a partnership is locked for input, the partnership calculations will fail if changes are submitted to the partnership entity. You can correct this by running the failed partnership calculations for the partnership entity from the Tax Calculations interface once the l...
Completing the post-provision process
Completing the post-provision processThe following table outlines the post-provision process for Tax Provision:StepFor more information, see…Review the calculation proofs.Reviewing the Book-Tax Automation ProofReviewing the NIBT Automation Proof Reviewing the Interim ETR ProofExport tax data to external compliance software. Perform a system rollover to move the Longview Tax database to the next...
Completing the multi-regional pre-provision process
Completing the multi-regional pre-provision processThe following table outlines the pre-provision process for Tax Provision:Note: If an owner of a partnership is locked for input, the partnership calculations will fail if changes are submitted to the partnership entity. You can correct this by running the failed partnership calculations for the partnership entity from the Tax Calculations inter...
Importing and exporting
Importing and exportingOnce you are finished preparing import files, you can use Tax Provision to import those files into the system. You can also use Tax Provision to export information from the system.You can import the following types of import files in Tax Provision:System settings. For more information, see “Preparing an import file for system settings.Hierarchy structures. For more inform...
Working with reports
Working with reportsYou can use reports to view, print, and interact with the data in your system.Understanding reporting rolesThe following table outlines the three standard reporting roles:Reporting roleTasksReport UserReport User Uses the reports created by the Report Publisher to analyze data and run reports.Report AuthorCreates and formats own reports for analysis.Report PublisherSets the ...
Working with input apps
Working with input appsYour Longview system most likely contains either preconfigured or custom company input apps that allow you to input the necessary data.Opening input appsTax Provision includes preconfigured input apps that you can use for administrative tasks and to input the data necessary to complete a tax provision. You can typically open input apps that are assigned to your group. To ...
Pillar Two
Pillar TwoLongview supports the calculation of ETR and top-up tax in support of the OECD’s BEPS Pillar Two model rules. Pillar Two apps, reports and administration can be found within the Global Transparency module in the Longview Client.This section provides information on these main topics:Overview of the Pillar Two processTransitional Safe HarboursMinimum RateGloBE RevenueGloBE IncomeGloBE ...
Configuring Pillar Two
Configuring Pillar TwoThis section provides information on these main topics:Pillar Two hierarchiesPillar Two AttributesInitial SetupConfiguring user symbol accessConfiguring automation event rulesConstituent EntitiesGloBE Revenue AccountsGloBE Income AccountsGloBE Adjusted Covered Taxes AccountsSubstance-based Income Exclusion AccountsGloBE Temporary Differences AccountsPillar Two RolloverExp...