We provide our best efforts to capture all business scenarios during the assessment effort. However, new business engagements, new laws, or new suppliers / clients can raise new tax scenarios. We offer an annual retainer engagement to provide companies with a consistent and reliable tax advisory support. This ensures that your business is empowered with the latest tax law developments, and supported by a team of tax experts.
There are a number of key reasons why VAT planning and conducting a VAT impact assessment will benefit your company:
- Identify limitations: review current business structures for VAT efficiency, resources, processes and system needs.
- Get up-front views on the impact and the area where changes would need to be considered and develop a project plan to address the same.
- Upfront VAT planning: Identify more VAT efficient operating and trading structures so as to protect financial margins that may be impacted by irrecoverable VAT costs and stay ahead of competitions on the pricing of products.
- Secure reliable resources in advance to ensure smooth implementation which will, in turn, reflect lower costs.
- Consultant’s end-to-end implementation methodology will ensure timely execution and that proper testing is completed to ensure proper compliance at the level of each individual entity.
Our approach to assisting our clients with assessing the VAT impact is structured and follows a clear phased process.
We follow an end-to-end VAT implementation approach. We ensure that the full business process is assessed, and the various tax scenarios identified. We work with our ERP experts to ensure that your systems have been updated correctly to provide you a consistent and correct VAT reporting.
We go beyond the cliché and the obvious in our VAT focused training. We assist all your business functions in adapting their day to day processes to become compliant with the new VAT law! Our hands-on knowledge of the different business sectors enables us to provide practical training and key business advice.
Our VAT experts walk you through real-life examples of scenarios on the supply, purchase, and many other aspects of the business.
We will provide your ERP Experts with specific instructions of changes required and tests to be run to ensure compliance.
Whether you are a small business or a large multinational corporation, ensuring that your tax report is prepared correctly is of utmost importance. Having to correct prior reports repeatedly adds an unnecessary business expense, and increases your chances for a Tax Audit.
Our VAT experts will support your finance team in preparing your tax reports. We add an extra layer of checks and audits to increase your confidence in your tax report!
Our team of experts has many years of experience as tax auditors. We can offer pseudo tax audit services to identify any potential issues before the tax authorities do!
We provide a ‘right first time’ approach which reduces iterations and time spent, building a genuine interest in our clients – their challenges, growth ambitions and commercial context. Rather than push ready-made solutions, we ask questions and listen. This way, we get closer to the issues and provide sharper, more meaningful advice for the long-term.
We provide a well-defined but flexible process tailored to your needs. Our technology is designed to support the IFRS compliance process through efficient data collection and close monitoring of risk.
Our certified experts are here to ensure that all of your financial decisions are made carefully and with your best interests in mind. We are ready and able to serve as your financial advisor, tax planner, and guide you down your path to success. We bring your accounting records up to date where you have instant access to your financial information. We process your transactions in an efficient, timely and systematic manner, generating reports prepared on International Financial Reporting Standards (IFRS) basis.