With tax disputes and regulatory scrutiny on the rise as well as greater external pressures for enhanced tax transparency, businesses need a clearly defined strategy for tax risk management.
Every business decision has a tax implication. Minimising the tax function’s role or excluding tax from the development of company strategy can leave businesses exposed to tax risk.
Key warning signs of underperformance in your tax function indicate that a proactive approach to tax risk management should be high on your priority list: unexpected tax examination findings, high turnover, negative auditor findings, or stakeholder inquiries related to tax, to name a few. Major growth or transformation may also trigger the need to strengthen tax compliance.
We help clients establish a tax risk strategy that documents the directives of the tax function and defines principles for governance and reporting. Our team works with you to understand the strengths and weaknesses of your current tax risk management structure and provide enhancements to help mitigate your operational tax risk. Bringing industry experience and an understanding of the external pressures facing your business, we focus on aligning tax governance with your broader enterprise risk management strategy.
As the global economy moves toward more tax risk scrutiny and transparency, is your tax department prepared?
Copyright © 2025 Tax Clock - All Rights Reserved.