Today’s tax environment is often strangely disconnected: On the one hand, tax specialists use smart phones, social media and ERP systems both privately and professionally. On the other hand, most tax functions still rely heavily on Excel spreadsheets. Highly skilled tax specialists spend half their time or more with manual data cleansing, aggregation and manipulation.
PwC predicts that in the near future, the majority of tax functions will rely on professional data analysis tools to assist in the decision-making process in areas such as risk detection, planning and overall business support.
We help our clients with efficient technology solutions to reduce cost and help transform their tax functions into modern efficient business enablers. We are extremely familiar with both tax and technology and can serve as your one-stop-shop for everything related to tax technology.
Many tax functions find it difficult to define the right technology strategy. Likewise, they lack often an overview of the tax technology available today.
How we can help
Tax technology tends to be slightly more complicated than an office suite – its implementation typically requires some level of customisation, even if you go for a “standard solution”.
How we can help
On the one side, analytics enables you to understand whether your data reflects your business correctly – in real time. On the other side, it is about staying ahead – understanding your data at least as well as the authorities.
How we can help
Like any piece of technology, over its useful life, tax technology requires optimisation and maintenance.
How we can help
The fundamentals balancing the myriad of tasks in the Tax Function should take into account your risk appetite, what are the focus areas and signed off by the Board.
How we can help
Companies want to know or achieve their desired levels of maturity but struggle in the implementation for achieving desired state or communicating this to key stakeholders of the tax function.
How we can help
Businesses have no clear or a well established Tax Risk Management Framework. Therefore identifying where do key tax exposures are or might arise, how to address and monitor them and how to develop a response is still a challenge.
How we can help
Public debate and scrutiny of tax is often misinformed and exclusively focused on corporation tax. It is necessary now more than ever to raise awareness of other taxes, such as industry-specific taxes and other contributions made to the public finances.
How we can help:
