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Module 2: Compilation, Documentation, and Quantification of client’s tax risks

The development, implementation, maintenance, and enforcement of business financial policies continue to pose challenges for many companies. Traditional methods of printing and distributing hard copies have become more costly as organizations struggle to consistently communicate financial policies to employees. Based on industry-leading content and process management technology, tax-Radar™ addresses the difficulties companies must resolve to effectively manage their tax strategy policies and compliance processes.

tax-Radar™ provides accounting firms and their clients a secure single central repository to link policies and procedures to laws, regulations, and standards as evidence of compliance and quickly find and review all versions of policy and process documentation. Throughout the calendar year tax-Radar™ now provides accounting firms and your clients the automation of the tax compliance lifecycle. This is accomplished through the distribution, editing, approval, and archiving of policy and procedure related documents. Utilize date-effective audit trails that track the "who, what, and when" of changes made to risk-control matrices, work papers, evidence and other documentation.

Download the tax-Radar™ Tax Risk Policies & Procedures (PDF, 4.7mb)

Download the tax-Radar™ Special Report Dictionary (part of Special Report, PDF, 2mb)

All the relevant supporting facts/information surrounding both “on-the-radar screen” and “off-the-radar” screen tax risks are filed in chronological order to include contracts, memoranda, correspondence, etc. and stored in pdf format, off-site, in the client’s tax-Radar™ filing system on the secure online tax-Radar™ servers (each client will have an encrypted password). This collective information can then be analyzed and reported on so as to give proper and effective tax intelligence to the business.

This is illustrated in the following link:

See the Potential for Analysis of Tax Intelligence.

7 Tax Risks in the Media - Read Articles.

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This website contains information in summary form and is therefore intended for general guidance. It is not intended to be substituted for detailed research or the exercise of professional judgment. TAX RADAR cannot accept any responsibility for any loss of what-so-ever nature incurred by any person acting or refraining from action as a result of any material on this website or on any publication eminating from this website, or from TAX RADAR on any item.