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Business valuations
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Relationship property services
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Transaction advisory
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Virtual asset advisory
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Corporate tax
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International tax
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Research and Development
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Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
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Audit methodology
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Financial reporting advisory
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Cloud services
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Internal audit
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IT advisory
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IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
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Payroll assurance
Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.
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PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
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Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
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Procurement/supply chain
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Project assurance
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Risk management
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Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
The future of tax transparency opens your business to game-changing risks. But with these risks comes opportunity. How will your business steer through the risks of total tax transparency? And how can you take advantage of the opportunities?
Tax affairs used to be a largely private matter between company and tax authority, with very little public disclosure beyond what was available in the report and accounts. Today, the veil of confidentiality is being stripped away.
Game-changing tax risks
The tax risks include the glare of public scrutiny and sensitivities over tax planning that go with this. You also need to make sure that tax strategies are consistently applied throughout your organisation, and that your systems are up to speed with the demands of real-time tax assessment.
But with these risks comes opportunity. It gives opportunity to highlight your commitment to doing the ‘right thing’ and the contribution you make to society through the tax you pay.
In 'Total tax transparency' we look at three drivers for this more transparent and sensitive tax landscape.
1. Disclosures are increasing
Tax authorities are facing increasing public and political pressure to root out what is, or at least what is perceived to be, tax avoidance and aggressive tax planning. As a result, the relationship with companies and the confidentiality that underpinned this are giving way to a more publicly transparent and potentially adversarial approach. This can go as far as seeking to publically ‘name and shame’ particular companies.
2. Tax authorities are sharing information ever more freely
The OECD’s Base Erosion Profit Sharing (BEPS) Action Plan expands the exchange of information through Country-by-Country (CbC) reporting. It also develops the mandatory exchange of information between tax authorities on rulings that could give rise to BEPS concerns.
Individual tax authorities are also building stronger mechanisms for information exchange into new and updated bi-lateral treaties.
3. Tax authorities are assessing in real-time
Tax authorities want more information, sooner. This puts intense pressure on tax function output and verification. Tax authorities are also using electronic information for faster and more effective tagging, risk analysis and targeting of companies for investigation and audit.
You used to be able to prepare a return after the other financials were finalised. Tax authorities are now beginning to
drill into the numbers at source.
A new reality
As a business, you already face the pincer of more tax data in the public domain and more public focus on it. Looking at the future, we expect greater public appetite for tax transparency, more information required to be disclosed and tougher questions.
Download the article for more information on some of the implications to your business and the actions you can take to get ahead.