News
EISI Updates NaviPlan Software To Support New USA Tax Laws
Winnipeg, Canada, August 20, 2001 - EISI of Winnipeg, Canada, a leading provider of desktop and online financial planning software, is pleased to announce the USA versions of its NaviPlan software have been updated to support changes to the New Income and Estate Tax Legislation (Bill HR 1836) and provide users with maximum flexibility.
NaviPlan 6.0c features a sunset on/off switch that allows users to provide illustrations to their clients using assumptions other than those legislated, after the year 2010. Due to the possibility that further legislation may be passed prior to the end of 2010, NaviPlan 6.0c offers users the ability to control the sunset provision:
- As Legislated (all budget changes will sunset after 2010)
- No Sunset (all budget changes will continue beyond 2010).
The No Sunset option may also be adjusted to exclude the estate tax repeal, but retain the other tax aspects of the budget beyond 2010. These options will control the way the income, estate and gift tax calculations will work. EISI's interpretation of recent budget changes have been verified by Deloitte and Touche.
"The sunset on/off feature provides a tremendous advantage to the clients of NaviPlan users, as the uncertainty of future regulations may have a major impact on financial plans after 2010," said Dr. Mark Evans, EISI President and CEO. "This flexibility allows the financial advisor to illustrate their clients' financial plans under a number of possible tax scenarios and make an informed decision."
EISI's NaviPlan planning software is currently the choice of more than 40,000 users across North America and the company works with a growing list of corporations that includes Allmerica Financial, J.P. Morgan Chase & Co., LPL Financial Services, MetLife Financial Services, Royal Bank Financial Group and Waddell & Reed. EISI (Emerging Information Systems Inc.) was established in 1990 and was recently recognized as one of the fastest growing technology companies in North America by Deloitte & Touche.
EISI's NaviPlan online tools allow organizations to utilize the Internet for encouraging, enhancing and assisting collaboration between their clients and advisors. Advisors can join clients online to review a plan and explore changes to the plan in real time as if they were sitting in front of a computer together. Clients can also view their plans and explore "what-if" scenarios on their own. When they do so, the advisor is automatically notified via email, wireless email or CRM to provide follow-up. NaviPlan supports incomes, expenses, assets and liabilities, federal and state taxes, stock options and estate planning strategies over the life of a client.
