With all the time saved using the sigerTax Return module, consultants can now spend more time analyzing the return and its assets. Our new "What If" feature makes that process even easier.
This new feature allows you to set up groups of independant depreciation schedules, like the Federal Schedules, Marshall and Swift schedules, Industry-Specific depreciation schedules, or even interal company schedules, on a record we are calling a "Non-Assessor". Then, from a return, you can use the "What If" button to reassign the entire return from the classes and schedules set up for the default local assessor to those set up for the state or any of the Non-Assessors.
"What If" Button
The new "What If" button on the Classes and Schedules screen lets you see the impact of the different depreciation schedule groups on your return.
Click the "What If" button and a list of the available assessors will open. This list will include the local assessor/state combination of schedules, the state schedules alone, and any non-assessor schedule groups (see below). Click on one of the listed assessors and sigerTax will recalculate the return using the depreciation schedules and asset classes assigned to that assessor.
As an example, on this Dallas Return you can can see the Dallas Central, Texas State of, and Federal Schedule options listed. Click on the Federal Schedules and sigerTax will apply the Federal depreciation schedules to the return.
A Non-Assessor is an assessor record that is used to store and group depreciation schedules for an entity that is not an assessor or appraisal district.
Create a new Assessor and save it. Select 'Toggle Assessor Flag' from the Tools menu. 'Not an Assessor' will now display on the Assessor screen. Any Assessor flagged as a Non-Assessor will be included on the new "What If" list. Add the appropriate depreciation schedules and their assigned classes using the same methods as on a regular assessor.
For more information on these and other updates, please contact sigercon.