Sawhney Systems Apps
TaxMode: income tax calculator & planner for USA 2021.13
INCOME TAX CALCULATOR & PLANNER This professional grade USAtaxplanner is designed to satisfy the advanced tax computationneedsof a financial planner and yet it is simple enough to be usedfor aquick tax calculation by a casual user. KEY ACTIVE FEATURES●Updated for 2020 and 2021 tax years ● Includes QualifiedBusinesspass-thru threshold and deductions ● Includes tax years2021, 2020& 2019 - Regular income tax - Self-employment tax -QualifiedBusiness income deduction - Net investment income tax -AdditionalMedicare tax - Itemized deductions with threshold &phase-out -Personal exemptions with threshold & phase-out -Child andDependent Tax Credit - Earned Income Credit calculations-Alternative minimum tax - Lump-sum distribution tax - FICA taxes●Quarterly Estimated Tax computations, report & IRS 1040ESformsupport* ● Automatic selection of applicable tax computations●Automatic check for AMT applicability and analysis ●ComputesEarned Income Credit ● Verify the adequacy of estimatedtaxpayments ● Analyze impact of specific deductions ● Supportedwithdetails in terms of IRS tax forms* ● Summary or detailed dataentryoptions* ● Side by side comparison of alternative scenariosforwhat-if analysis* ● Effective tool for pre-tax return analysis●Ability to email reports* ● Enhanced data entry* ● Ability toload& save plans* ● Pie chart & multiple reports* ●Automaticlimitation of maximum amounts allowed for - - Medicalexpenses -Investment interest deduction - Charitable contributionswithdeduction tests for 60%, 30% & 20% qualified contributions-Unreimbursed business expenses - Casualty & theft losses-Student loan interest deduction - Tuition & feesdeductionTaxMode is a quick and efficient app for income taxplanning. Itprovides an easy way to compute taxes and performwhat-if analysis.It contains detailed implementation of the latestUS tax laws.TaxMode’s capabilities can satisfy almost any level ofneed for taxcomputation, planning and analysis. This app can be avaluable toolfor professionals and nonprofessionals alike. For ataxprofessional it will enhance your analytical ability, improveyourday to day productivity and make tax planning more efficient.Foran independent individual, it provides an easy to use tooltoanalyze the tax impact of a transaction in terms of taxes savedorincrease in tax liability, calculate a quick year-end taxestimate,perform a pre-tax-return-filing analysis, or review theimpact ofany other tax related investment decision; TaxMode can beused withconfidence. It is created and supported by SawhneySystems, aleading developer of personal financial and tax planningsoftware.At Sawhney we have been providing software and relatedsupportservices to the financial planning professionals since 1976.Ourleading software package ExecPlan (www.execplan.com) was thefirstintegrated financial planning software available commerciallyinUSA and the most widely used professional software over pastthreedecades. PlanMode (www.planmode.com) is our latestfinancialplanning software designed to be a crossover product tofulfilldiverse planning needs of a professional planner as well asamotivated individual involved in retirement orcomprehensivefinancial and tax planning on mobile platforms. Wehope you have aproductive and satisfying experience with this appand delight usby reviewing TaxMode Pro at Google Play. Please letus know anythoughts or suggestions you may have while using TaxModethat willhelp us improve its functionality. Similarly, please writeus [email protected] if you discover a computational error orhavequestions on a specific calculation. Thank you. *Indicatespremiumfunctions
Social Security Benefits Optimizer 2.2
When to start taking your Social Security benefits? This isacritical retirement decision. You may start as early as 62 butthepayment reaches full potential at your Full Retirement Age assetby the Social Security Administration. The monthly payment cangroweven further if you decide to wait till age 70. It is nicestartgetting the funds sooner than later but does it really workoutbetter? The answer depends on how long you plan on working,maritalstatus, life expectancy, inflation and other factors. Acarefulanalysis is needed to make an informed once-in-a-lifetimedecision.This app, Benefit Optimizer for Social Security (Boss) isdevelopedto help you evaluate such important factors and analyzeyouroptions. Boss is designed by financial planning specialistswhohave been serving professional planners withcomprehensivesolutions for decades. The essential elements neededto analyze thebenefit options are packed in a simple app that canbe used by allpotential retirees. Some of the key features of Bossinclude- •Benefit profile of Singles • Benefit profile of Marriedcouples •Compare options • Minimal data needs • Condensed anddetailedresults • Tabular or graphic reports • Break-even analysis• Cashneeds fulfillment analysis • Income tax impact analysis •Futurevalue analysis • Fully documented operation · Bossdisplaysfull-span reports & Graphs that can also be printed: •MonthlyBenefits • Annual Benefits • Cumulative Benefits • FirstFull Year• Monthly Payment Graph • Option Comparing Graph • CashNeedsFulfillment Pie Chart Quick & Easy Analysis with Boss isquickand simple. All you need for an essential analysis is a birthdateand the benefit amount at full retirement age (FRA). TheSocialSecurity Administration provides the FRA amount to socialsecuritypayers periodically. With these two data items entered youareready to analyze. Pick an eligible month and year to viewbenefitdetails. Enter different option and view the comparativeresultsand line graphs for an easier grasp of projected results.Thissimple exercise can now be expanded with other factors such astheinflation rate, life expectancy, rate-of-return, expenses andtaxrelated information. Use with confidence You can use Bosswithcomplete confidence for the security of your data and theintegrityof computations. Your data stays in your device all thetime untilyou delete it. Boss is developed and supported by a teamofprofessionals located in USA that have been providingapplicationsto financial planners for over three decades.
