TAX MANAGEMENT SERVICES TaxOne A breath of fresh air for your tax department Flexible modules to make taxation transparent and efficient within your company
The requirements on taxation are increasing Over the past few years, the requirements on tax and accounting departments have increased enormously. Tax calculations and data must be provided in good time, reliably and with a high level of detail. The requirements arise from budgeting, simulations for restructuring and the tax risk reporting in other words, from the internal environment. In addition, there are extensive external requirements in particular corporate governance, XBRL reporting, tax audits and reporting for individual and consolidated accounts. Both owner managed and public groups of companies are impacted as well as companies in the public sector. In addition to their routine tasks, tax departments are expected to provide added value. A proactive tax risk management embedded in the general risk control of the company helps to meet such expectations. Besides having its own reporting processes, this requires that the tax department be firmly anchored within the operative business. TaxOne an IT solution for all tax processes that can be standardised TaxOne is an integrated solution for the management of your tax information and processes. The IT solution TaxOne supports the processing of tax issues in daily business. is tailored to your requirements, processes and areas of competence. creates the central pool of your tax related data. provides fast and efficient support to your tax planning with a sophisticated management reporting tool. The data volume that needs to be overcome in dealing with these tasks is increasing, as is the complexity of the calculations, analyses and validations. Furthermore, time and resources to deal with these tasks are often limited. IT-supported solutions with precisely fitting analyses are indispensable in order to fulfil the increased requirements. They help to ensure quality data and a strong risk management. Our IT solution TaxOne is the right tool for meeting these challenges. The modular structure of TaxOne reflects your central scope of fiscal duties and fits seamlessly into your organisational allocation of tasks. Specialist tasks and functions can be individually assigned to your employees supported by an authorisation concept that spans across the modules. All TaxOne modules utilise a shared pool of data. TaxOne is based on centralised data management and the integration of the modules with each other. This allows you to avoid double accounting and to reduce risks of error. You save time and your processes become more efficient. Automatic interfaces to your ERP systems (for master file administration, accounting or reporting systems) ensure consistency and data quality for your tax calculations.
We are best positioned to help you KPMG stands for experience and established know-how in the area of taxation. Our experts have an in-depth professional expertise and experience. As such, they are well versed in the tax and accounting requirements facing your departments. Our strong regional presence and our member firms within the international KPMG network allow us to support both regionally rooted and globally positioned groups of companies with tailor-made solutions. Make the most of our experience with the successful introduction of IT-supported processes in your company. Our specialists would be happy to advise you on the individual opportunities and benefits. Please contact us for more information.
The TaxOne modules flexible and powerful Accountant The Accountant module processes your tax balance sheet and tax return processes in an effective and transparent way. The Accountant ensures the automatic transfer of assessment bases within the fiscal unity or partnership. Furthermore, adjustments of the previous year s tax balances can be rolled forward to the year end reporting (in conjunction with the Reporter module). Contract Manager The Contract Manager module creates transparency with regard to the current portfolio of all of your company s contractual relationships and the obligations deriving from these. The system maps your processes, guidelines and documentation relating to contracts, thus bolstering your internal control system. efiler The efiler module transfers the electronic balance sheet (E-Bilanz) and the income tax declarations to the fiscal authority. The efiler collates the data in the format stipulated by the authorities, allows for manual changes or additions and provides a technical connection to the ERiC interface at the fiscal authority. Planner The Planner module allows you to create analyses of future tax burdens at the single entity and holding level. Planning periods can be freely defined. The key drivers behind your tax rate are revealed. As a result, tax risk factors can be identified early and the effects of tax structuring can be easily simulated. Reporter The Reporter module simplifies the level of complexity concerning the various calculations for current and deferred taxes in line with local GAAPs and international financial accounting standards. This means that your reporting duties are comprehensively fulfilled in one step. Risk Manager The Risk Manager module serves to calculate, depict and monitor tax risk positions. Your tax risk management becomes more efficient and transparent. Transfer Pricing Data Manager The Transfer Pricing Data Manager module enables you to create a meaningful transfer pricing documentation. A sophisticated user authorisation concept ensures seamless communication between other company units and the tax department.
Contact KPMG AG Wirtschaftsprüfungsgesellschaft Ralph Doll Partner Head of Tax Management Services T +49 211 475-7341 rdoll@kpmg.com www.kpmg.com/taxone The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Our services are provided subject to our verification whether a provision of the specific services is permissible in the individual case. 2012 KPMG AG Wirtschaftsprüfungsgesellschaft, a subsidiary of KPMG Europe LLP and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. The KPMG name, logo and cutting through complexity are registered trademarks of KPMG International Cooperative.