Co-Sourcing

In recent years, global tax compliance and tax accounting burdens have increased significantly. With the Sarbanes-Oxley Act, Form M-3, e-filing, IFRS, FAS 109, and FIN 48 compliance requirements, it is now more important than ever for companies to secure the right mix of tools and resources as changes in one area affect the other. With financial restatements related to tax accounting issues increasing substantially, CFO’s and tax executives need to understand the regulatory hot buttons related to tax process breakdowns, including, but not limited to, data and work process flow, increased disclosure requirements, internal controls and documentation standards.

Atlas Service Link can help tax departments by utilizing a systematic approach to managing quality and costs while providing greater access to service providers and, based on each company’s facts and circumstances, assisting with implementing the right mix of tax technology solutions worldwide. These services can be performed without any risk of impairing independence. By having a more diverse selection of service providers at your disposal, you can significantly decrease the risk of investing large amounts of resources into a relationship with a single firm that could be your next auditor.

Atlas consultants possess not only significant experience in tax technology and process optimization, but also have extensive tax technical backgrounds and certifications. Given the increased workload of tax departments and the data intensity of most tax compliance and reporting activities, we understand the need our clients have for experienced assistance through peak times. Atlas works with our clients to provide intelligent co-sourcing solutions.

In our co-sourcing arrangements, we work in tandem with our clients, taking on a variety of supporting technology and process roles and responsibilities, as well as assistance supporting core tax compliance and reporting functions. Atlas accomplishes this by assembling a highly qualified group of professionals from a variety of sources, including public accounting and/or industry, and continues to manage the team with proven coordination management processes.

Assistance with Provision and Compliance
  • Specialized support staff
  • Technical guidance and support
Tax Technologist
  • Maintain and deploy tax technology needs for the department
  • Support data gathering needs
  • Build queries, reports and tax system imports and extracts
Purchase Accounting Integration
  • Deferred tax asset and liability reconciliation
  • Analysis and reconciliation of book tax basis differences by legal entity
  • Standardization of reporting requirements including: audits, true-ups, write-offs, reclasses, business combinations, equity, tax rate changes and currency translation adjustments
Training
  • Tax technical training
  • Provision training including theory and practical application
  • Technology user training
  • User specific work process training