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TAX COMPLIANCE

Tax compliance is not solely about submitting an annual tax return.

 

Identifying Tax Compliance Obligations

Identifying new tax compliance obligations may save you significant amounts of money in taxes and penalties.  We all want to do the right thing, but it is sometimes difficult to keep up with the changing compliance requirements in various jurisdictions as well as the timelines to meeting these responsibilities.

 

It is important to create a process and compliance calendar, which are revisited periodically as rules change.

Implementing Tools for Adequate Compliance

Once the scale of the business reaches certain volumes, it may be beneficial to implement tools to automate portions of the tax compliance effort.  The selection of the tools, implementation on the company’s systems is a coordinated effort between finance and IT.  It also requires some training to the personnel who will be operating the system.

Tax Return Preparation Process

As the provider of choice, I work seamlessly with all functions within the organization (e.g., equity management, payroll, revenue accounting, FP&A and more) to collect the information required to prepare the return. 

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