A complete solution for audit and global tax controversy tracking. Built in automation for collaboration with disparate internal and external stakeholders, language translation, tax research and workflow management geared to due dates.
The challenge is daunting for in house tax departments to track and manage myriad global tax controversies – country level income tax, transfer pricing and withholding tax, state, province and local taxes, property taxes, employment taxes, social taxes, excise and other special taxes. How do you keep track of tax administration inquiries and response due dates, while ensuring global consistency in your responses, timely compliance… and avoid unnecessary penalties and interest?
Orbitax Audit Tracker can help: with built in automation for collaboration with disparate internal and external stakeholders, language translation, tax research and workflow management geared to due dates.
Anyone with more than a few weeks experience on an in-house tax team recognizes the complexity of managing responses to the challenges myriad tax jurisdictions your company will inevitably face – country level, state or province, employment and social, property, and other taxes. And, we all know that every tax authority in every jurisdiction today is looking for ways to increase their tax revenues, to pay for the various programs they have enacted to serve their constituencies. Your company’s tax obligations will doubtless come under scrutiny, and you need a way to manage oversight of the various enquiries, collaborate with stakeholders (internal or external), and ensure timely responses that are consistent with your global tax policy.
Time is of the essence when it comes to responding to any tax authority inquiry. Equally important is ensuring the response provided is consistent with your company’s tax policy – be it income tax, employment and social taxes, special taxes such as excise or other special purpose taxes, or sales, use and VAT / consumption taxes. Facilitating global consistency in responses, while also avoiding additional assessments, penalties and interest revolves around a good workflow management process – which can be completely automated with the Orbitax E.A.T. workflow tools, relieving you of time-consuming emails, reminders and phone calls to prod stakeholders into providing the necessary information.
Ever receive a tax notice in another language, with a 7 day turn around, and waste valuable time getting a good translation? The Orbitax Audit Tracker tool provides a built-in translation tool to quickly provide a machine translation, with certified translation available upon request (additional fee applies, as well as time). Documents are stored in areas accessible to internal and external stakeholders as you designate (including walled off confidential / privileged areas) for quick review, with version history for edited documents.
The key to managing tax controversies is combining the detailed information you need with top side insights – broken down into the categories you want to see. The user interface of the Orbitax Audit Tracker has been designed to give you quick access to the myriad details of each inquiry (country, entities, audit types and topics via customizable #tags, due dates, statute expirations, status, documentation and information requests, assessment proposals, settlements, litigation and closing details)… and… provide you with top side customizable analytics screens powered Microsoft Power BI to track due dates, penalty and exposure risks, and any other attribute you deem important. The solution provides default, built in analytics, and allows you to customise analytics to meet your specific needs.
The Audit Tracker can be supercharged with the Orbitax Executable Actions Tool (E.A.T.) which allows you to create, share and execute custom business processes based on conditional steps and actions. E.A.T. will allow you to create a workflow for each Audit Case, per sub-stage, where you can include various actions such as the various document collection, data gathering and review stages. This workflow will be automatically maintained and distributed to stakeholders to make sure tasks are completed on time, every time.
Get an overview of various data elements being maintained on the Orbitax platform including footprint data and data from the Orbitax Tax Rules & Rates Database. Powered by Microsoft Power BI.
Import your list of contacts into Orbitax, assign roles and permissions, and chat with individuals or create custom groups to discuss data population, filing obligations and anything in between.
Use the built-in Orbitax Meet feature to start or schedule a video meeting with members from your Orbitax Contacts list. Arrange meetings, share your screen and save meeting recordings to the Orbitax Drive.
Secure document storage and management for all your tax documentation, files and meeting notes. Boost your file storage premium features available with the Orbitax Drive.
Assign tasks and timelines to various stakeholders, including checklists, attachments, comments, custom alerts and more. Monitor and manage all tasks from the powerful Task Manager dashboard.
Automatically monitors and displays all activity across your Orbitax projects, including when users log in, change/upload data, along with timestamps and ability to generate comprehesive audit reports.
The world’s most complete array of cross-border tax analysis and data
Comprehensive library of compliance due dates and rules
Automated workflows based on any recurring tax or business process
A complete solution for audit and global tax controversy tracking
Maintain a historical record of all entity data with sophisticated filters
Visualize your entity data in a range of layouts based on custom filters
Track worldwide tax law changes daily across 47 different tax topics
Identify and manage your reportable cross-border arrangements
Secure storage and collaboration for all your tax documentation
Calculations and compliance for GMT, BEPS and US FSIC
Provides the various compliance steps, forms and rates for completion