THE TAX ADVISOR'S ROLE

THE TAX ADVISOR'S ROLE - understanding of the basic tax...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
THE TAX ADVISOR'S ROLE * An external tax advisor is restricted to areas of tax, compliance, Fling requirements, and complex reorganization of corporate structures for an enterprise * Their input into the management decision process is limited to interpretive purposes * They cannot be expected to be fully aware of the decision-making process faced by each client, or the types of decisions arising from that process * Advisor can play a role in developing a management approach to taxation and contribute to its ongoing success * The tax advisor can: o while helping to initial a management tax program, work closely with the Fnancial executive to develop a tailored program by identifying the types of decisions typically made within the organization and coordinating them with the relevant areas of taxation; o provide initial seminars that increase the functional managers' overall
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: understanding of the basic tax structure; o assist in communicating to all sectors of management the tax areas that require consideration within their spheres or responsibility; o provide updated info on changes in tax laws that may alter the tailored program; o review major policy and strategy alternatives before they are implemented; and o from time to time, complete a tax decision audit by reviewing internal documentation of past decisions within departments, and follow with a report on how to improve the process, providing expanded info where relevant * Involving the independent tax advisor in the development of a decision-making approach to taxation will permanently open direct lines of communication with decision makers and will allow the tax factor to be given timely consideration...
View Full Document

This note was uploaded on 02/05/2012 for the course ACC 522 taught by Professor A.vena during the Spring '11 term at Ryerson.

Page1 / 2

THE TAX ADVISOR'S ROLE - understanding of the basic tax...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online