Transform Tax Compliance into a Strategic Advantage
Strive for tax compliance to avoid needing tax defense.
At VAV Consultants Ltd, we understand that tax compliance is more than just a legal obligation, it’s an opportunity to drive your business forward.
Unlock the Power of Tax Compliance for Your Company. With the combined power of Dynamics 365 Business Central (D365 BC) and Microsoft 365, your small or medium-sized business can transform tax compliance into a strategic advantage.
Risk Mitigation
Example
D365 BC helps you stay compliant by providing tools to manage and automate tax calculations, reporting, and filing. For instance, you can set up tax rules and rates within the system, ensuring that your tax calculations are accurate and up to date.
Enhanced Business Goals Alignment
Integrating tax compliance into your overall business strategy ensures that your financial activities are aligned with your business goals. This can improve decision-making and strategic planning.
Example
With Microsoft 365, you can integrate tax compliance data with your overall business strategy. For example, using Power BI, you can create dashboards that show how tax compliance impacts your financial health. This helps in making informed decisions that align with your business goals.
Cost Efficiency
Efficient tax compliance processes reduce the resources and time required to manage tax obligations. This can lead to significant cost savings.
Example
By using D365 BC, your finance team can automate tax calculations and reporting. This reduces the manual effort required, freeing up time for more strategic tasks. For instance, instead of spending hours on tax filings, your team can focus on analyzing financial data to identify cost-saving opportunities.
Access to Tax Benefits
By staying compliant with tax laws, your business can take advantage of various tax benefits, such as deductions, credits, and other tax-saving opportunities.
Example
D365 BC helps you manage and track your tax obligations, making it easier to identify eligible tax deductions and credits. For instance, you can use D365 BC to accurately track various business expenses. This information can then be used to apply for relevant tax credits, ensuring you maximize your tax savings.
Strategic Planning
Integrating sustainability into tax planning can enhance a company’s long-term strategy. For example, investing in sustainable technologies might offer tax advantages and improve the company’s public image, leading to potential financial gains.
Example
By integrating sustainability into your tax planning with D365 BC, you can take advantage of tax incentives for green initiatives. For instance, if your business invests in renewable energy, the system can help you apply for tax credits, enhancing your company’s public image and financial gains.
Proactive Adjustments
Proactive planning allows for adjustments to financial plans in response to changes in tax laws, ensuring that your business remains compliant and avoids penalties.
Example
D365 BC allows you to proactively adjust your financial plans in response to tax law changes. For example, if a new tax regulation is introduced, the system can simulate its impact on your finances, allowing you to make necessary adjustments to stay compliant.
Personalized Advice
Tailored strategies that take into account your unique financial situation and goals can help optimize tax outcomes and increase your overall wealth.
Example
With Microsoft 365, you can collaborate with tax advisors in real-time using Teams. For instance, you can schedule a virtual meeting with your tax advisor to discuss tailored strategies that optimize your tax outcomes based on your unique financial situation and goals.
Enhanced Reporting
Alignment of tax compliance with financial reporting provides a comprehensive view of your company’s financial performance. This alignment helps to increase stakeholder confidence and attract socially responsible investors.
Example
D365 BC ensures accurate and detailed reporting of tax transactions and positions. Power BI is used to create interactive dashboards that visualize tax information in an easy-to-understand format designed for investors. SharePoint serves as a centralized repository for all documents related to tax compliance, facilitating access and verification of information.
Improved Tax Collection
Improved tax compliance leads to accurate tax returns and avoidance of fines and penalties, as well as opportunities to utilize tax reliefs and deductions.
Example
D365 BC enables these capabilities by setting up rules for automatic classification of expenses according to tax requirements, providing asset management that automatically calculates depreciation using various predefined methods, and creating customized financial reports that present tax information in an easy-to-understand and usable format for the preparation of tax returns.
Take Control of Your Tax Future!