We have realized that one of the most important issues for tax managers is that of risk management. For example, the head of Tax requires assurance that all of the tax return filings and global tax payments are completed in a timely manner. A Tax Manager also needs to know precisely how much in tax is scheduled to be paid globally. We have developed a global tax risk management module, eTaxCalendar, to support these needs.

Most tax calendar products are regarded as simply administrative tools used to manage due dates, filing addresses, and the assignment of filing responsibilities. Although eTaxCalendar provides users with the ability to perform all of these functions, we have further developed it by implementing clever design modifications and platform changes, creating a standard tax calendar that also serves as a global risk management tool.

We designed eTaxCalendar to empower Tax Managers with the ability to manage, assess, and ultimately minimize global tax compliance risk. eTaxCalendar is a true Internet-based product that helps corporations streamline their payment tracking processes from any location in real-time. This easy-to-use, feature-rich product allows businesses to manage all of the important tax dates throughout the calendar year, including due dates for filing tax forms, tax payment due dates, and internal due dates required by global tax filing requirements.

What good does being aware of global tax compliance risk serve when the means to address it are not in place?

Knowing there are two sides to a coin doesn’t change the odds of landing on either side.

Don’t leave the fate of your Global Tax Compliance risk to the flip of a coin.

Take a heads up approach with eTaxCalendar.

Administrative functions of eTaxCalendar:

• Store and track filing due dates
• Flexibly track by entity, date, jurisdiction, tax year, category, and other data elements
• Store and track payment amounts
• Maintain a database of certified mail receipt numbers
• Schedule, organize, and manage both tax and non-tax obligations for an infinite number of entities within your organization

Risk Management Functions of eTaxCalendar

• Ability for participants from anywhere in the world (internal tax personnel and service providers) to partake in the management of tax tasks
• Track the activities of other users
• Define an automated e-mail notification of pending and overdue items
• Define the automated escalation of pending or overdue items to appropriate personnel for immediate intervention
• Translate currencies for global reporting
• Notify the Accounts Payable team of payments
• Record payments and store proof of payments (scanned payment receipts, tax returns, and so forth)
• Generate global reporting of penalties and fines organized by country
• Generate reports of global compliance failures

General Features of eTaxCalendar

• No need for additional hardware or software
• Quick and easy implementation
• Flexible reporting using Microsoft® Excel® or Adobe® Acrobat® PDF output
• Built-in security system for global participation
• Built-in global workflow management tool