Tax Function Effectiveness Services

Is your tax function "functioning" effectively?
Corporate tax functions are experiencing significant operational challenges due to ever expanding regulatory requirements coupled with a tight market for experienced people and the impact of low investment in the tax function over the years. These challenges have resulted in internal control deficiencies, financial restatements, resource shortages and, in some cases, a general loss of confidence in the tax function.

As a result, CFOs and Leaders of Tax Functions are expressing interest in new ways to avoid many of the missteps experienced by other companies or to launch well-defined remediation programs to substantially improve the effectiveness of corporate tax operations.

Achieving effectiveness through a best practice control framework
As companies look for ways to improve their tax operations, strengthen processes, improve compliance and manage the effective tax rate, there is a growing interest in benchmarking the tax function against best practice standards.

Managing the tax function
Getting the rights organisational structure for a tax function is an important first step in realising goals for efficiency, control and insight.

• Setting tax function strategy and policies and embedding these within the organisation
• Optimising tax controls and processes to address tax risks across various tax types
• Assessing tax risk according to a comprehensive risk framework
• Enhancing efficiency and control through process and system redesign
• Providing global, technology based process control and compliance solutions
• Co-sourcing and outsourcing of tax compliance and tax accounting.
• Guidance on the role of a tax function in a shared services centre environment
• Improve data management and control