FiscalOne, using a single centralised system, manages calculation of income tax and regional taxes for individual companies, consolidated groups and forecasts.
Fiscal concerns, due to their very nature and complexity, have always been the province of professional tax advisors. In a company, users who come into contact with fiscal accounting issues may be specialists (tax consultants and tax advisors) or administrative users who occasionally come up against tax issues.
The specialists are faced with the problem of checking whether taxes have been calculated correctly in a very short time; the administrators, who provide the tax specialists with support in the early stages by providing the figures required for tax calculations, often need to access tax updates, essential for correct formation of the figures.
These problems can grow to become truly prohibitive for.
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big corporate groups with very frequent accounting processes,
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a high degree of complexity and a large number of companies to manage.
These aspects are often addressed by resorting to simple, destructured data processing models; this is because frequent changes in legislation make maintenance of structured models extremely expensive.
FiscalOne offers an answer to these problems, making the most of the latest technologies and using a single centralised system to manage calculation of income tax and regional taxes for individual companies, consolidated groups and forecasts.
In consolidated taxation, benefits of introduction of FiscalOne include:
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Determination of consolidated tax statements on the basis of current rules; application of homogeneous calculation rules favoured by application to all subsidiaries in the group makes fiscal consolidation procedures easier and more accurate
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Creation of a system of audits protecting the parent company or organisation in relation to joint liability for the fiscal data of the entities included in the consolidation area
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Assessment of the fiscal benefits of including an entity in the consolidation area.
Benefits of FiscalOne in tax auditing include: