Tax management consulting
In an increasingly demanding global environment, managing tax responsibilities and planning for tax issues is becoming more complex. With consulting, technology and outsourcing experience, Deloitte helps businesses meet the challenges of multi-jurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. We help clients to understand and transform their processes, technology and resourcing models and where appropriate offer global outsourcing capabilities. This helps tax departments to meet key objectives for quality and control but at a cost and in a way that also creates value for their organization.
Tax department strategy, risk management and operating model
In our view the world’s leading tax departments integrate business strategy and risk management into their tax organization and operating model. Deloitte advises organizations’ tax departments as they seek to align tax operations to their business strategy often in conjunction with a finance transformation project. Services include helping the tax function develop its strategy and providing analysis of organizational models, roles and responsibilities; job skill requirements; performance measurement; and governance and controls within a tax department. We may also assist with the integration of a business’s processes for tax compliance, tax audit and evaluating and managing its tax rate, which can include determining whether appropriate key performance indicators for performance management are in place.
Tax departments today often face significant resource constraints, requiring an increased focus on efficiency and effective use of technology to streamline their compliance and reporting processes. Overreliance on spreadsheets, outdated technology, and a lack of integration between tax and finance systems can hamper a tax departments’ ability to obtain and analyze the data needed for timely and accurate tax compliance and reporting.
Deloitte assists tax departments in understanding requirements for the design, selection, and implementation of tax software for global and local purposes for both direct and indirect taxes. We have extensive experience of the major tax technologies available and our services include helping clients to make appropriate technology choices and configuring and integrating those choices through the entire record-to-report business cycle for tax. Typical solutions include enterprise systems, middleware, tax applications and management reporting dashboards.
In particular, the integration of tax data requirements into enterprise resource planning (ERP) systems is increasingly critical for tax departments to operate effectively. We can advise organizations wishing to tax enable their ERP systems, including the direct and indirect tax requirements and the related data to support their tax-related activities on a global basis. We also assist with data retention, document management, and the prioritization of controls.
Tax information is increasingly important to management’s ability to plan and forecast. Deloitte’s Tax Management Consulting teams can assist organizations leverage data analytics for tax and assess the data and information produced. In addition, we can assist businesses gain insights into past tax performance and how tax technologies, applications, and leading practices can help tax department plan and executive tax management more effectively.