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A practical and efficient global tax provisioning solution which runs stand-alone or can be integrated in the group reporting and consolidation system.
tax interim & search
Tax Reporting Tool
Summary features Flexible, easy to customize to the demands and wishes of the company
Practical and user-friendly, enhances support to local users
Integration in group reporting consolidation system (e.g. HFM, SAP-BPC)
Central data for analysis, planning and risk management
Logical and systematical approach of the tax reporting
No annual license fees
Tax Reporting Tool
Tax reporting is usually experienced as a complex area within the financial reporting discipline. The Resource has developed the Tax Reporting Tool: a user-friendly and flexible Excel-based model for the efficient and transparent reporting and disclosure of corporate income tax positions. The Tax Reporting Tool runs stand-alone or can be integrated in the group reporting and consolidation system. Integration of the tool ensures a practical reporting solution in a single application already familiar to the users. It avoids the use of complicated parallel provisioning systems.
Multiple GAAPS & tax systems Our standardized Tax Reporting Tool covers multiple GAAPS and tax systems and replaces various individual calculation methods. It improves the overall quality of tax reporting and disclosures and ensures a significant increase in tax awareness within the organisation.
Tax position overviewUse of the Tax Reporting Tool ensures a timely, com-prehensive and well-documented tax position in the quarterly- and annual reports. The tool facilitates the collection of useful information for tax risk monitoring and tax planning. Furthermore it enables a more effi-cient preparation of corporate income tax returns.
ContentThe Tax Reporting Tool includes the following:• Reconciliation accounting- to taxable income• Effective tax rate reconciliation• Movement schedule temporary differences • Movement schedule tax losses and other carry forwards• Movement schedule deferred tax assets and liabilities• Movement schedule current tax receivables and payables• Validation of calculated against reported positions
tax interim & search
Tax Reporting Tool
BenefitsThe Tax Reporting Tool improves the overall quality of tax reporting and disclosures. It provides a clear and comprehensive roll-forward of current- and deferred tax positions at entity and conso-lidated level. The tool includes an automated reconciliation of the effective tax rate and provides central data for tax planning and tax risk management.
ImplementationThe implementation of the Tax Reporting Tool is based on the following schedule:
ContactFor further information please call or mail Frank Imming (+31 6 51 41 13 64 or frank.imming@ theresource.nl) or Gerard Plomp (+31 6 23 95 26 22 or [email protected]).
Project plan implementation Tax Reporting Tool: phases
Phase 1: development
Quarter Quarter Quarter closing Quarter +1 Quarter +1 closing
Introduction and communication; customizing to company requirements; development
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Phase 2: testing
Extensive overall- and scenario testing based on detailed test plan
Phase 3: production
Parallel/test run;evaluation; amendments; final testing; production
Phase 4: support & training
Customize user manual; extensive training of users; communication
Phase 5: launch & review
Launch in the live environment;Review and evaluation
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tax interim & search
