Tax Credit Accounting Software

Easing the back-office burdens of tax credit investments.

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Investor Benefit Schedules

Uploaded

Import your initial and updated benefit schedules to TCIT’s secure, validated, cloud-based central database. Everyone has instant access to the latest schedule of tax credits, loss benefits, and contributions.

IRR and NPV

Calculated

Monitor your tax credit performance on a consistent basis and invest intelligently with real time automated internal rate of return and net present value calculations. Monitor your exposure with aggregated and filtered reports for your LIHTC, New Markets, Historic Rehabilitation, and Renewable Energy tax credit investments.

Amortization

Automated

TCIT supports Proportional, Practical Expedient, Effective Yield, Equity and Cost methods of amortization. Updated tax credit or loss benefits flow? New corporate tax rate? No problem. TCIT instantly recalculates amortization schedules.

K-1 True-Up

Reconciled

Tax loss benefits not quite what you anticipated? Complete your K-1 true-ups in seconds.

Journal Entries

Prepared

TCIT creates all journal entries for your tax credit investment portfolio, in accordance with GAAP and statutory accounting principles. You’re instantly audit-ready.

Schedule BA

Compiled

TCIT formats NAIC Schedule BA parts 1,2 and 3 with related notes for you. Save time with simplified compliance.

Request a Demonstration

Tax credit accounting and compliance doesn’t have to be so hard. Request a demonstration or more information to see how TCIT can make it simple.

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News

We’re in a time of many changes in the tax credit investment market. We help you navigate the latest news.

Executive Summary
  • Ready for a demonstration of how TCIT can ease the back-office burdens of your tax credit investment accounting? We’re offering our very first limited-access webinar demonstration on Thursday, June 21st at 1:00 p.m. EST.
  • Power Up with us at IASA 2018, June 3-6, 2018 at the Gaylord Opryland in Nashville, Tennessee. We’ll be at booth #338, giving demonstrations of TCIT in action. Contact us to reserve a demonstration time, or stop by anytime.
  • TCIT is coming to Chicago for the 2018 Housing Credit Connect, presented June 19-22 by the National Council of State Housing Agencies (NCSHA). We’ll be demonstrating at booth #30 and discussing how TCIT can ease the back-office burdens of managing your Low-Income Housing Tax Credits. Contact us to set up a demonstration or meeting during the conference, or find us anytime to talk.
  • The Tax Cuts and Jobs Act of 2017 reduced the corporate tax rate to 21% and created a lot of headaches for tax credit accountants. How should you handle catch-ups? Is it time to switch to proportional amortization? Download our free white paper for guidance and solutions.

Resources

We’re here to ease the back-office burdens of tax credit investment. Our white papers and other resources investigate current challenges and changes in our field. Tax credit accounting and compliance doesn’t have to be so complicated. We’ll help you make it simple.

Accounting for 21%

The Tax Cuts and Jobs Act of 2017 reduced the corporate tax rate to 21% and created a lot of headaches for tax credit accountants. How should you handle catch-ups? Download our free white paper for guidance and solutions.
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The Costliest Errors in Excel

Excel errors aren’t just a headache for you. Small mistakes can have enormous costs when big money is managed manually with spreadsheets. Download to discover the impact from some of the costliest errors ever to emerge from Excel Hell.
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Growing Pains

Tax credit accounting is at an awkward age. Spreadsheet-based accounting isn’t keeping up with the modern market’s complexity or with 21st-century IT standards. To realize the market's full potential, we need a better solution. Download our free white paper for an in-depth analysis of the problem and our specification of the solution we need if we’re to realize the market’s full potential.
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