Not-for-profit organizations such as state-chartered credit unions are facing a new regulatory mandate. This new mandate requires each affected organization to report their net taxable revenues compliant to regulatory decision making.

Simply because an organization is not-for-profit does not mean that everything that they do is not taxable. The UBI-AR Cavalry WizardTM (Unrelated Business Income - Accounting and Reporting) helps each of its users determine its profitability by product line, and ultimately determine their tax liability based upon each product line’s net profit or loss.

The Cavalry WizardTM provides:

• Affordability: Low up-front cost, easy monthly or annual subscription.
• Web-Based Structure: No additional hardware/support costs.
• Highly Security: SSL tunnel to a data center which is reviewed through annual Type II SAS70 audits.
• Return on your investment: The Cavalry WizardTM reduces the amount of personnel hours required for reconciliations return preparation.
• Time and cost savings: Monthly and Annual reviews become faster & easier as the Cavalry WizardTM retains all information.
• Ongoing Content Maintenance: Content based in IRS regulations and customized to specific organization with updates.
• Increased Project Completion Efficiency: The Cavalry WizardTM facilitates efficient and easy project management.
• Increased Communication Efficiency: Role-based access allows for easy and clear communication of results.
• Approved Approach: The Cavalry WizardTM content, design & reports have been reviewed and approved by Examiners.
• Training and Succession Planning: Essentially, the Cavalry WizardTM is an “Automated Expert”.

The UBI-AR Cavalry WizardTM is a best-in-class product that will assist Clients, Auditors and Accountants in completing reviews in less time and will provide your institution peace of mind when reporting taxable income. Cavalry Solutions invites you to learn more about the Cavalry product line and how they can assist you with your regulatory challenges. To schedule a personalized demo please call us at 1.877.376.4522 or email us.