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Tax management consulting

Overview

Tax management consultingIn an increasingly demanding global environment, managing tax responsibilities and planning for tax issues is becoming more complex. With tax technical, technology, and consulting experience, Deloitte helps businesses meet the challenges of multijurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. We help clients transform processes and technology to enhance efficiencies, align data, and improve transparency from ERP systems all the way through the reporting and documentation process. This allows more time for tax planning and value-add activities.

Our services include: 

Learn more at www.deloitte.com/movetaxforward.

Tax accounting and reporting 

Overreliance on spreadsheets, outdated technology, and lack of integration between tax and finance systems hamper tax departments’ ability to obtain and analyze the data they need for timely and accurate tax accounting and reporting. Deloitte provides tax application consulting related to the selection and implementation of software supporting financial accounting for tax (provision) for global and local financial operations. We help tax departments with tax accounting and reporting processes, provision-to-return reconciliations, mitigation, and process improvement to correct or avoid material weaknesses and significant deficiencies. In addition, we advise on tax policies and procedures as well as technical aspects related to provision and the review of internal controls to enhance governance and address compliance and reporting risk. We can develop management reporting desktops and tax database repositories.

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Global compliance outsourcing 

Organizations with operations in multiple jurisdictions face tremendous challenges in keeping pace with each jurisdiction’s tax laws. For this reason, they often turn to Deloitte for global and local tax outsourcing of direct and indirect tax compliance, as well as statutory accounting and report processing. With shared services and data management skills, our team can support local, near shore and offshore compliance activities. We also assist in special situations, such as post-merger integration, which requires substantial system, process, and technology support for newly-created organizations in addition to the outsourcing of tax compliance.

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Risk, strategy and operations 

Risk intelligent tax departments integrate business strategy and risk management into their operations. Deloitte helps organizations’ tax departments align tax operations to the business strategy often times in conjunction with their finance transformation efforts. Services include evaluation of organizational models, roles and responsibilities; skills assessment; performance measurement; and analysis of governance and controls within a tax department. We also assist with the integration of processes among tax planning, tax compliance and tax audit, which can include determining whether appropriate key performance indicators for performance management are in place.

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Tax-enabled enterprise resource planning (ERP) 

Integration of tax data requirements into enterprise resource planning (ERP) systems is increasingly critical for tax departments to operate effectively and obtain the tax-sensitized data needed for accounting and tax reporting purposes. With tax technical and technology experience, we help organizations tax enable their ERP systems, based on the data and information requirements for the entire record-to-report cycle for tax. Our consulting encompasses direct and indirect tax requirements and the related data to support tax planning, compliance and tax audits on a global basis. We also assist with data retention, document management, and the prioritization of controls.

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Compliance process automation 

Tax departments face significant resource constraints, requiring an increased focus on efficiency and effective use of software and technology to streamline their compliance process. Our team consults on design, vendor selection, and implementation of tax software for global and local purposes for both direct and indirect taxes. Services include integrating software and technology through the entire record-to-report business cycle for tax. Solutions include enterprise systems, middleware, tax applications and management reporting dashboards.

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Tax data analytics 

Tax information is increasingly important to management’s ability to plan and forecast. Our Tax management consulting team can help your organization leverage data analytics for tax and assess the data and information required to support these efforts. In addition, we can help your organization gain insights into past tax performance and how tax technologies, applications, and leading practices can help your tax department plan and execute tax strategy more effectively.

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Other tax services

Business tax Business tax
Deloitte delivers deep knowledge of tax and statutory requirements as well as a breadth of experience applying them in practice worldwide. Practical, innovative tax services combined with our globally-managed tax compliance framework instills confidence that a consistent approach is followed in all jurisdictions.
Customs and global trade Customs and global trade
Our professionals help design strategies and structure global transactions to reduce customs duty payments and other international trade costs, increase duty recoveries and help ensure legal and regulatory requirements are met in a cost-effective manner.
Indirect tax and accounts payable recovery Indirect tax and accounts payable recovery
Our teams of tax specialists, lawyers, and former government auditors and Workers' Compensation Specialists from a wide range of industries work to help you recover cash to operate your business.
Indirect tax (HST, GST, PST, or VAT) Indirect tax (GST, HST, PST or VAT)
Deloitte can help with timely planning and the application of technology-based compliance management solutions, thereby helping to reduce costs, reduce risk, and increase the confidence that nothing has been missed.
International tax International tax
Deloitte’s international tax professionals help multinational companies reduce taxes on earnings, enhance margins and grow their businesses through a wide variety of compliance and advisory services.
Legal services Legal services
Deloitte Legal professionals bring a strong combination of tax and legal knowledge to provide clients comprehensive guidance across a broad range of critical business issues.
Mergers and acquisitions Mergers and acquisitions
Deloitte can assist your company with effectively navigating the myriad of tax, accounting, legal, regulatory, cultural, and labour issues in cross-border transactions to help manage compliance risks and potentially enhance returns.
Private company services Private company services
Deloitte helps private companies, their owners, and individuals with substantial assets apart from businesses they directly operate to understand, plan and execute effective business and tax strategies.
R&D and government incentives R&D and government incentives
With practitioners who are fluently trilingual in engineering, tax and “CRA”, we have assisted thousands of public and private companies to realize a sizable R&D tax credit.
Transfer pricing Transfer pricing
Our network of professionals is designed to help companies reduce risks by aligning practical transfer pricing solutions with their overall global business operations and objectives, assist with strategic documentation to support their transfer pricing practices, and resolve disputes efficiently.
U.S. tax services U.S. tax services
Our accessible Canadian network of U.S.-trained tax professionals are linked to their U.S. colleagues, creating a powerful team for companies with operations in the United States.

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