Tax management consulting

In an increasingly demanding global environment, managing tax responsibilities and planning for tax issues is becoming more complex. With tax technical, technology, and consulting experience, Deloitte helps businesses meet the challenges of multijurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. We help clients transform processes and technology to enhance efficiencies, align data, and improve transparency from ERP systems all the way through the reporting and documentation process. This allows more time for tax planning and value-add activities.

Overreliance on spreadsheets, outdated technology, and lack of integration between tax and finance systems hamper tax departments’ ability to obtain and analyze the data they need for timely and accurate tax accounting and reporting. Deloitte provides tax application consulting related to the selection and implementation of software supporting financial accounting for tax (provision) for global and local financial operations. We help tax departments with tax accounting and reporting processes, provision-to-return reconciliations, mitigation, and process improvement to correct or avoid material weaknesses and significant deficiencies. In addition, we advise on tax policies and procedures as well as technical aspects related to provision and the review of internal controls to enhance governance and address compliance and reporting risk. We can develop management reporting desktops and tax database repositories.

Tax accounting and reporting

Organizations with operations in multiple jurisdictions face tremendous challenges in keeping pace with each jurisdiction’s tax laws. For this reason, they often turn to Deloitte for global and local tax outsourcing of direct and indirect tax compliance, as well as statutory accounting and report processing. With shared services and data management skills, our team can support local, near shore and offshore compliance activities. We also assist in special situations, such as post-merger integration, which requires substantial system, process, and technology support for newly created organizations in addition to the outsourcing of tax compliance.

Global compliance outsourcing

Risk intelligent tax departments integrate business strategy and risk management into their operations. Deloitte helps organizations’ tax departments align tax operations to the business strategy often times in conjunction with their finance transformation efforts. Services include evaluation of organizational models, roles and responsibilities; skills assessment; performance measurement; and analysis of governance and controls within a tax department. We also assist with the integration of processes among tax planning, tax compliance and tax audit, which can include determining whether appropriate key performance indicators for performance management are in place.

Risk, strategy and operations

Integration of tax data requirements into enterprise resource planning (ERP) systems is increasingly critical for tax departments to operate effectively and obtain the tax-sensitized data needed for accounting and tax reporting purposes. With tax technical and technology experience, we help organizations tax enable their ERP systems, based on the data and information requirements for the entire record-to-report cycle for tax. Our consulting encompasses direct and indirect tax requirements and the related data to support tax planning, compliance and tax audits on a global basis. We also assist with data retention, document management, and the prioritization of controls.

Tax-enabled enterprise resource planning (ERP)

Tax departments face significant resource constraints, requiring an increased focus on efficiency and effective use of software and technology to streamline their compliance process. Our team consults on design, vendor selection, and implementation of tax software for global and local purposes for both direct and indirect taxes. Services include integrating software and technology through the entire record-to-report business cycle for tax. Solutions include enterprise systems, middleware, tax applications and management reporting dashboards.

Compliance process automation

Tax information is increasingly important to management’s ability to plan and forecast. Our Tax Management Consulting team can help your organization leverage data analytics for tax and assess the data and information required to support these efforts. In addition, we can help your organization gain insights into past tax performance and how tax technologies, applications, and leading practices can help your tax department plan and executive tax strategy more effectively.

Tax data analytics