Tax Management & Strategy (PowerPoint PPT)

DESCRIPTION

The Tax function should be our company's strategic partner—not a mere compliance function. First, let's understand...

What is Tax Management?

Tax Management is the corporate finance function that is responsible for the management of finances for the purpose of paying taxes. Tax Management deals with managing tax risks and addressing tax reporting, compliance, and accounting needs. Tax Management can support our operation in many ways, which include:

•  Gathering data on every part of our business, including employees, assets, and intellectual property, in all territories.
•  Ensuring a comprehensive accounting of the entirety of our business every year.
•  Compiling all information together for regulators.

Hence, it is important that Tax Management should be integrated into our organization's daily operations. When effectively and efficiently managed, Tax Management can strategically direct our company to reach global competitiveness.

Tax Management has 4 goals:

1. Use Data as an integral part of the business.
2. Integrate tax data with operations.
3. Engage the tax function with external stakeholders.
4. Elevate the tax function to the role of strategic contributor.

These 4 Tax Management goals are discussed in depth in this PowerPoint presentation.

Tax functions are constantly evolving. Through Tax Transformation, our company can effectively chart a course in a world of budget and resource constraints. This Tax Management presentation also details the 5 stages of Tax Transformation:

1. Initial
2. Informal
3. Standardized
4. Managed
5. Optimized

Every stage of Tax Transformation builds up our company's competitiveness. The 5 stages of Tax Transformation is a journey of systems improvement and integration of Tax function with IT, Operations, and Finance.

Development of a tailored, all-encompassing Tax Transformation Roadmap will further direct our organization in effectively managing the changing demands in the tax arena. The key to success is to define our company’s own unique Tax Strategy and make it part of our overall corporate vision.

This Tax Management PPT also includes slide templates for you to use in your own business presentations, which convey the Tax frameworks of (1) 4 Goals of Tax Management and (2) 5 Stages of Tax Transformation.

This presentation provides a comprehensive roadmap for integrating tax management into your company's strategic operations. It includes actionable insights and practical templates to elevate your tax function to a strategic contributor.

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Source: Best Practices in Tax Process Optimization, Tax Management PowerPoint Slides: Tax Management & Strategy PowerPoint (PPT) Presentation, LearnPPT Consulting