The need for tax departments to focus on compliance and financial reporting integrity can be all-consuming. Such overwhelming effort can result in a lack of focus on other objectives of the organization, such as income and cash flow boosting activities or risk management. But if these or other goals are strategic objectives of your organization and your tax department isn’t contributing to their achievement, your tax function may not be performing optimally. TaxOptimization is a three-step process to enhance the value your tax function provides to your organization. Whatever the size of your tax function – whether insourced or out – we can Discover, Design, and Fulfill™ a tax function that delivers greater value to your organization.
“Like it or not, every company has a tax function. We help companies develop that tax function to maximize opportunities and minimize risk more effectively, and operate in line with the strategic objectives of the organization,” Brian Amann, managing director of TaxOps, says.
People, processes and technology drive tax optimization.
Factors of Performance
Value is the difference between a benefit generated and the associated cost of generating that benefit. As such, the value of the tax function is driven by the effectiveness of the tax department’s people, processes and technology in the achievement of the department’s objectives. Tax departments that optimize the use of these factors of performance, and consistently adapt them to new developments in regulatory oversight, tax law and the business environment, add the most value to their organizations.
With TaxOptimization, we align the objectives of the tax function with the strategic objectives of the organization, and evaluate the factors of performance to maximize value to the organization.
The Tax Function Value Equation
Process
The TaxOptimization model is based on our proprietary three-step Discover, Design and Fulfill process. We begin each engagement by evaluating the current strengths, weaknesses and gaps in your tax function before creating a custom road map to move your tax operation closer to optimal performance. The Discover, Design and Fulfill process can be performed in one, two or three separate engagements in order to stay focused on the benefits you expect to achieve from the engagement.
Pricing
TaxOptimization solutions are priced on a risk-free contingency basis. This pricing structure guarantees that we deliver on the stated objectives for your engagement and provide a strategic, flexible, and forward-looking tax function that optimizes value to your organization. “Greater efficiency and less risk in the tax function will enhance your bottom line year after year,” Amann says.
For more information, please contact Chris Becze at 720-227-0059 or cbecze@taxops.com.
