Global Qualified Intermediary
GQI is an electronic tax information and reporting system designed specifically to meet IRS requirements for 1042S and 1099 reporting. It comprises a client/server suite of applications and process management tools which can be linked to mainframe host systems or used standalone. It offers a document management system directly linked to client tax profiles, a centralised repository of data to ensure correct tax treatment and a withholding calculation and pooling system to facilitate straight through automation of the process.
GQI comprises three different applications: GQI Scanner to quickly and effectively scan and store customer, client and counter-party documentation; GQI Capture to associate scanned documentation with clients and capture data from scanned images to allow the main application to profile the tax status of clients; and GQI Production which is the main processing application, containing income event import, withholding pooling, messaging and management information reporting functions.
There is also an optional satellite application, GNQI, which GQI licensees can distribute to their NQI counterparties to provide a simple but effective tool to collate, store and send information to the QI counterparty.
For further information, please contact Stephen Everard by email at severard@goalgroup.com, or Saghar Bigwood at sbigwood@goalgroup.com. Alternatively, contact Goal Group on +44 (0) 20 8760 7130
