Tax Reporting Configuration
The demands on corporate tax departments have become increasingly challenging to manage. Complexities in accounting for income taxes under US GAAP [ASC 740] and IFRS [IAS 12] are compounded by ever-increasing regulatory reporting requirements, data & communication challenges and pressure to minimize variances between tax planning, provision and the final tax filings with the taxing authorities.
We have a tax technical + process improvement background, and we’ve worked with companies of all sizes – this gives us the credentials to share our experiences and alternative ways to overcome your organization’s process challenges. We work with you and your team to design optimized processes, organize source data and tax calculations, document the process and enhance the use of technology to streamline the calculation and delivery of your tax results.
Process Design
Planning, Provision and Compliance. Annual, Interim, Tax Returns, Estimates, Audits. Engineer your end-to-end tax lifecycle.
Data Design
Gather source data in the correct format, on time and with flexibility so you can adapt for changes.
Workflow & Documentation
Document the repeatable and one-off tax processes and data collection, enhancing transparency and controls.
Tax Software & Technology
Selection, implementation and optimization. Increase the use of software functionality licensed by your organization, and use it more efficiently. Enhance the use of AI in your tax department.
Training & Assistance
We offer training on new processes and technology. We typically assist with the go-live period close processes after implementation.
Tax Provision Software
We have experience working with Fortune 1000 companies on tax provision & compliance software enhancements. Tax calculation & reporting engines, like those offered by the 3rd party vendors below, not only increase automation and performance, but also lower the risk of errors commonly found in home built spreadsheets.
Thomson Reuters
Onesource Tax Provision
Oracle
TRCS Tax Reporting Cloud
Insight Software
Longview Tax Provision
Tax Applications
We have accumulated a library of plug-and-play workbooks which can be integrated with your general ledger systems and your 3rd party tax software. In addition, we have configured common tax workflows. We’ll review these options with you as a complement to other software you currently license.
TAXCONFIG APPS FOR
Onesource Tax Provision
TAXCONFIG APPS FOR
TRCS Tax Reporting Cloud
TAXCONFIG APPS FOR
Longview Tax Provision
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Contact us
Companies come to us seeking assistance with the confusing, time consuming, and frustrating world of implementing income tax process changes. Our specialists collectively have over 20 years of experience in the area of global income taxes, including background working at ‘Big 4’ accounting firms.
We look forward to working with you and your company.