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Financial Planning > Tax Planning

Companies Introduce Tax Act Tools

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Companies are rushing to market with tools that could help financial services firms and their customers cope with the complicated new federal tax act.

The U.S. House Rules Committee has put a long summary of its own and a copy of the conference report on its Web site, at

H&R Block Inc., Kansas City, Mo., has placed a more readable summary at, and Intuit Inc., Mountain View, Calif., has put a tax act calculator at The calculator shows how the tax act will affect individual consumers.

Universal Pensions Inc., Brainerd, Minn., a large pension services company, plans to begin offering a series of 90-minute tax act seminars aimed at financial services company executives over the Web starting this week.

“We have already been inundated with calls from financial services organizations” about training programs, says Thomas Anderson, Universal Pensions president.

Financial services companies are right to scramble for information, because the new tax act will force them to change everything from the products they sell to their call center scripts, Anderson says.

Still River Retirement Planning Software Inc., Harvard, Mass., announced the release of software incorporating the new tax act provisions. It brought out new versions of its 403(b) Contribution Planner software system and its RetirementWorks software system that include the new rules for calculating contribution limits.

Reproduced from National Underwriter Life & Health/Financial Services Edition, June 4, 2001. Copyright 2001 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.

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