Tax reporting & strategy

Redesign, redefine and redeploy the tax function to be a strategic business asset

Meeting tomorrow’s tax challenges today

In a fast changing world, we’re helping clients build a tax function for the future. Our complete approach to tax management brings together tax function design, technology and compliance delivery. By aligning your tax and tax technology strategies with your commercial goals the tax function will become a strategic business asset, adding value across the organisation.

Understanding your organisation’s challenges, goals and needs is just the start. Successful change will require re-engineering ‘end-to-end’ processes not just the final outputs.

We can work with you to:

  • Meet the challenges of complex multi-tax reporting and compliance obligations
  • Design and execute the right tax and tax technology strategies to manage tax risks in a rapidly changing and increasingly transparent global environment
  • Take full advantage of the opportunities presented by a technology and data enabled world

Explore our Tax Function of the Future thought leadership series

Tax strategy & operations

A successful tax professional of the future will be highly proficient in data analysis, statistics and technology, as well as process improvement and risk management.

To remain relevant to the business the tax function must build a compelling, cost effective business case for change.

We can work with you to:

  • Perform a current state review of tax management across your business using our Tax Management Maturity Model (T3M)
  • Develop a tax strategy that’s aligned to your organisation’s commercial goals
  • Develop and implement a detailed roadmap for transformation
  • Improve the effectiveness and efficiency of your processes and controls
  • Undertake detailed risk management reviews
  • Identify and manage the risks and challenges arising from change
  • Meet the demands for increased transparency

Tax technology

Whilst companies largely understand the importance of creating strategies around tax technology and pursuing related initiatives, most have yet to make appropriate investments in these areas. These investments play an integral role in transforming tax into a strategic business partner within the organisation. As such, tax leadership should engage with company leadership and commit to the next steps in the evolution of its tax function.

We can work with you to:

  • Develop and implement your tax technology strategy. It’s crucial to assess where you are and where you want to be to work out how to get there – the answer will be different for everyone
  • Discover the power of tax data management and analytics to assist in the decision-making process in areas such as detection of risk, opportunity identification, projections and scenario planning, and overall business support
  • Understand the benefits of using technology to collaborate, automate and monitor tax processes and workflow using Tax Operations Manager (TOM)
  • Unlock the potential of your existing ERP systems for tax
  • Improve your tax accounting processes

Tax accounting services

Financial restatements, coupled with increased regulatory scrutiny of tax accounts and related tax disclosures, have elevated the focus on tax accounting — and exposed significant problems in many companies.

We can work with you to:

  • Reduce risk and achieve better control over your tax accounting function through improved and more efficient processes. Our team of dedicated technical specialists around the globe provide guidance, and best practices, on a range of tax accounting issues, including:
  • Tax provision outsourcing and support
  • Accounting for uncertain tax positions (including FIN 48) assessments
  • GAAP conversion modelling to determine the tax and accounting impact of moving to a different GAAP
  • Other specialised tax accounting services, including deferred tax analyses and tax basis balance sheet assistance
  • Tax accounting technical assistance and support, including customised training

Tax reporting & compliance

Many companies are rethinking their approach to domestic and global compliance and reporting by taking a closer look at their technology, processes, resources, and service providers. Leading tax functions are using co-sourcing/outsourcing as a critical component of tax function strategy, and as a means to better align tax function investments and use of talent with organisational goals.

We can work with you to:

  • Coordinate all the tax compliance activities (e.g. direct and indirect taxes, tax accounting, preparation of statutory financial statements and country by country reporting) for your subsidiaries, with diverse accounting practices, legislative environments and business customs, seamlessly and cost-effectively.
  • We take an integrated, global approach to the variety of local compliance services
  • Local country specialist teams form the backbone of our service offering, providing experienced resources to help with the compliance needs today, support in future audits, and practical knowledge of current and emerging regulatory requirements.
  • Integrated Global Compliance Services (IGCS) is our web-based portal designed to collaborate with you around the world, including effective exchange of data sources, transparent review of deliverables, and real-time access to status, workflow, deliverables, and critical information.
  • Our client relationship managers deliver centralized coordination and communication.
  • Our experience and scalability allows us to customize and adapt our delivery model to align with your broader business goals.

Contact us

Mark Schofield
Global Leader, Tax Reporting & Strategy
Tel: +44 (0) 2072 12527

Carsten Rössel
Global Compliance Services Leader
Tel: +491754369754

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