Is ‘Google’ the adviser of the future?
Non-traditional competitors are entering the service provider market and capturing market share. Who are they? Can content service providers ignore these trends?
We combine technical knowledge with industry understanding and knowhow of technologically advanced tools and methodologies available in the market or developed by ourselves. We identify risk areas and sustainable planning opportunities for indirect taxes.
Reporting accuracy and efficiency could be achieved via well designed VAT function into Enterprise Resource Planning (ERP) systems, tax engines and third party compliance software.
The effectiveness and efficiency of VAT compliance could be measured by the amount of time and resources it takes to produce your VAT return. Automation of a company's VAT compliance process can reduce risks or optimize tax planning (e.g. working trade capital, refunds, bad debts, etc.). Designed or implemented badly, it can burden and result in rework ('hidden factory') within an organisation.
As tax experts we also speak the language of the business and IT and no translation is needed. We are:
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A process that achieves the end result with minimum time and effort, and for minimum cost.
Employees that do not know a problem exists because their own or overall interactions are not looked at critically.
Imagine how much you could save if the problem was completely eliminated. How long does this process take within your organization and what will be the amount of annual saving (i.e. Return on Investment period) after implementation of the solution at hand?
How changes eliminate wasted time, resources, and money and the completion of improvements(s) adds a specific amount to the bottom line (reduce expenses):
How projects or solutions increase revenues or reduce costs and expenses, so that earnings are improved.
Does the process of preparing and compiling the client’s VAT return take more than 5 man days? (starting from the moment of VAT-data collection until the VAT return is approved and filed).
We combine technical knowledge with industry understanding and knowhow of technologically advanced tools and methodologies available in the market or developed by ourselves.
Technology-related tax risk: understand and address the potential harms and benefits of (new) technology.
Ascertaining proper IT support for ensuring efficient, timely and reliable reporting.
VAT should be considered in every aspect of the process, from concept through completion and beyond. Managing by design — looking at any process or transaction from end to end and factoring in all the requirements and controls essential to designing and optimizing a compliant VAT process.
VAT should be considered in every aspect of the process, from concept through completion and beyond.
Looking at any process or transaction from end to end and factoring in all the requirements and controls essential to designing and optimizing a compliant VAT process.
With indirect taxes intertwining through the day- to-day operations of a company—raising sales invoices, moving inventory, paying suppliers, collecting cash—indirect tax risk can have a distinct and domino-like effect on the commerciality of an organization.
More than 80% of businesses are still using spreadsheets to manage their VAT compliance in at least one jurisdiction in which they operate, despite tax authorities around the world investing in better tools.
The SAF-T standard, originally created by the OECD (similar as BEPS), is intended to give tax authorities easy access to the relevant data in an easily readable format for both corporate income tax as VAT.
What if there are glitches in your data, input errors, empty fields, awkward descriptions in fields or apparent inconsistencies?
Tax department utilizes leading edge tools and technologies in an integrated manner fully leveraging the functionality offered.
To apply an efficient data gathering process including standardized input by other departments and multiple use of data.
Easy access to data and the majority of tax data is collected once and reused by departments.
Spreadsheets are replaced by technology tools and systems to make information more efficient available.
The ability to contribute and exchange knowledge is technology enabled and fully supported by the tax department.