Tax Practice > Tax Plan Implementation Reviews

Tax plan implementation review:

• Prepare referenced supported working papers (binder) which includes all documentation created for the implementation of the tax planning strategy to ensure adequate audit trail should the position be challenged by taxing authorities.
• Pull additional research for inclusion, if required.
• Review and document any tax law changes or additions that may impact the tax plans as implemented.  Discuss with management these potential issues and next steps.  Depending on solution to correct, undertake to assist management with this work.
• Determine key steps that must be completed to ensure plan works as intended.  Review documentation or information to ensure these steps have been appropriately completed.  Document any variations.  Depending on solution to correct, undertake to assist management with this work.
• Perform analysis to determine whether the benefits of the tax plan as intended are being realised, or if required need to be adjusted.  Depending on solution to correct, undertake to assist management with this work.