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Compliance automation

Automating the flow of data from source accounting systems and other data sources into tax compliance systems can deliver a variety of benefits to companies. These can include:

  • Robust processes, reducing manual/spreadsheet workings and key-man dependencies. These can help with meeting tighter controls on risk and governance, such as the Senior Accounting Officer regulations
  • Reduced costs through a significant reduction in manual work, particularly data collection, re-keying and reconciliation.
  • The meeting of tighter compliance deadlines whilst allowing more thorough review.
  • Easier and more robust reconciliation with tax reporting through the use of common data sources.

Issues and trends

  • e-filing in the UK
    Advice and support on the introduction of electronic filing.
  • Senior Accounting Officer sign-off
    Creating a clear strategy to achieve compliance.

Our solutions

We create customised solutions based on the individual needs of each client. Using the combination of tax technical and systems knowledge within the team we can deliver automation in areas which can create real value within an organisation.

Automation of data for Corporation Tax

Standardising disclosures of clients preparing multiple Corporate Tax returns into a set of templates, allowing the detailed profit and loss analysis to be imported directly from trial balances. This significantly reduces data collection and provides a more robust process with a clear audit trail back to the underlying financial data.

Life tax automation

Working with life assurance companies to cut reporting timetables. Bringing together a team of life tax and compliance automation specialists Deloitte can automate many distinct data sources into both life tax computations and tax reporting spreadsheets. This can reduce the calculation time from days to a matter of hours and provide more detailed management information and reconciliations.

Partnership Gains Reporting

Developing bespoke solutions to automate the preparation of the capital gains and income reporting for hundreds of investors within Private Equity funds. This can overcome the difficulty involved in undertaking complex tax calculations using traditional technologies.

Useful links

  • Tax careers
  • Submit a request for proposal
  • Contact us

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