Big Four firm Deloitte has upgraded 990Capture, its online data collection tool with reporting capabilities for nonprofit and tax-exempt organizations. The software can enable and disable topics, subtopics, and questions based on their applicability to nonprofit organizations, aimed at reducing errors and rework.

990Capture allows multiple users to access the tool simultaneously, from anywhere at any time. Driven by client feedback and built to support a better user experience, the tool also compares data across multiple entities, views and applies prior year responses and reporting, and applies information across multiple entities. Additionally, the tool was enhanced for tax year 2018 to allow organizations to visually see information being reported within the tool in a format that mimics that of Form 990.

“Regulatory requirements, including the industry-specific complexities of the tax code and regulations, continue to create challenges for our clients” said Steve Kimble, chairman and chief executive officer of Deloitte Tax, in a statement. “That is why we are committed to investing in emerging and market-leading technologies that allow our clients to tackle these challenges and do so with confidence.”

“We’ve seen some organizations that are required to file several hundred Form 990s a year across their various entities,” stated Jim Sowar, partner and national tax leader for the health care sector at Deloitte Tax. “The 990Capture tool has the ability to significantly reduce the amount of time spent on data entry. This time-saving capability allows our clients to spend less time focused on compliance-related tasks and frees individuals up to focus on more value-add tax savings opportunities within the organization such as understanding the impact of tax reform or seeking out refund opportunities related to sales and use or other taxes.”

Deloitte’s investment in 990Capture is part of its Tax in 2020 initiative, a three-year digital transformation plan Deloitte launched to build a “seamless global tax experience” for its customers.

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