The demands on corporate tax departments have become increasingly challenging to manage. Complexities in accounting for income taxes under US GAAP [ASC 740] and IFRS [IAS 12] are compounded by ever-increasing regulatory reporting requirements, data and communication challenges and pressure to minimize variances between tax planning, provision and the final tax filings with the taxing authorities.
The team at TAXPE has both tax technical and process-related backgrounds, and we've worked with companies of all sizes - this gives TAXPE the credentials to share our experiences and alternative ways to overcome your organization's process challenges. We work with you and your team to design optimized processes, organize source data and tax calculations, document the process and enhance the use of technology to streamline your tax reporting process.
Planning, provision and compliance - annual, interim, returns, estimates, audits. Engineer your end-to-end tax lifecycle.
Gather source data in the correct format, on time, with flexibility, so you can adapt to changes.
Document the repeatable and one-off tax processes and data collection, enhancing transparency and controls.
Selection, implementation and optimization. Increase the use of software functionality licensed by your organization, and use it more efficiently.
Compare current results to the plan and forecast. Compare current period results to past results to assist with review. Visualize data to help explain tax results to non-tax users within your organization.
We offer training on the new process, use of technology and tax technical areas. We typically assist you and your team with the initial 'go-live' period close process.
Oracle TRCS Tax Reporting Cloud Service
Oracle HTP Hyperion Tax Provision
Tax Power for Oracle
Tax Power for Longview
Onesource Tax Provision
Onesource Global Access
Tax Power for Onesource
Tax Power for Corptax
Tax Power | Microsoft Excel
Tax Power | Oracle SmartView
Tax Power | SAP BPC
Tax Power | ETR visualization
Tax Power | Cash Taxes visualization
Tax Power | Jurisdictional visualization Tax Power | BEPS CbC visualization