How Transparent Is Your Tax Planning?

Article summary: Some companies will have to accept greater transparency if they are to close the trust gap between taxpayers and the tax authorities.  Tax planning transparency is increasingly important to organizations wishing to avoid damage to their well-earned corporate reputations. As public attention is increasingly focused on corporations and the amount of tax they…

How Excel makes data management easier

Article summary: Everyone loves Excel because it supports accurate data capture while offering usage flexibility. Learn how valuable Excel can be to your organization. It’s one of the most popular software applications available to accounting and tax professionals yet many people do not harness the full power of Excel. Here are a few ways your…

What Auditors Want

Article summary: Use this helpful summary to understand what documentation your financial auditors want to see. What auditors want The annual audit is a valuable process to make sure that your company’s financial procedures are in order. It should give your officers and auditors confidence in the strength of your company’s financial systems. Being prepared for…

How To Ensure All Of Your Tax Risk Is Captured

Article summary: If identifying risks doesn’t come easily, you might want to assess these factors. How to ensure all of your tax risk is captured Tax risk generally surfaces as a result of a few or a combination of these broad reaching factors. Review these factors below to help assess your risk level. Application or…

Controlling the Tax Risk

Article summary: Understand basic internal controls and related mitigating procedures that can help to mitigate identified tax risk in your organization. Controlling the tax risk Once a company has its tax risks identified, mitigating procedures need to be implemented and documented. In order to do so, there has to be a core understanding of basic…

The Roles of Senior Management in Managing Risk

Article summary: What does senior management need to do in order to fulfil its obligations regarding risk management? Read this helpful article to find out.  Senior management plays a leading role in an Enterprise Risk Management (ERM) program and must ensure the Board’s risk appetite and policies have been adhered to. Senior management is in…