Tax Series vs Taxstream ProVision

Tax Series is web-native corporate tax software for corporate income tax processes, with shared data used across tax work. Its modules cover worldwide provision reporting under ASC 740, corporate tax compliance, and BEPS reporting. Provision supports calculations under U.S. GAAP or IFRS. Compliance automates corporate tax calculations and population of forms including 5471, 8865, and 8858; BEPS supports Country-by-Country reporting and master and local files. Data Collector assigns packages to preparers, reviewers, and approvers and provides real-time project monitoring. Web Services supports two-way data transfer with client systems, data validation, and calculation triggers. A single database also supports planning, audit support, legal entity maintenance, tax calendar, and document management. The vendor describes the product as well suited to medium and large multinational corporate clients, and it supports U.S. corporate taxpayers and multinational corporations. Pricing is on request. Prospective clients can use it for a full tax cycle at no cost through a proof of concept, typically a 2–10 week process. After subscription termination, clients receive three months of read-only access to retrieve data.

Taxstream ProVision is an end-to-end system for producing quarterly and annual tax provisions without maintaining a corresponding spreadsheet. It guides data collection, provision calculations, and footnote production. The footnote generator connects to the tax database and updates reports when provision data changes, while ProTrace traces calculations between the general ledger and footnote. An automated audit trail records each provision step, and Review Mode lets auditors and advisors examine the work. Listed tax functions include foreign tax credit calculations, customized grouping, uncertain tax positions, and roll-forwards that retain calculations, rates, reports, and dashboards. The Model workspace develops and evaluates strategies against the global effective tax rate, imports spreadsheet or compliance-system data, and supports AI-based forecasting and scenario planning. EntityChart maps entity relationships and stores tax information. A.T.O.M. can select and apply plays from an integrated tax-planning playbook. Pricing is on request.