An efficient outsourcing model that is transparent and agile for your needs
Integrated software and platform that manages tax data, automate processes, and provides dashboard insights
Executive officer involvement from our end with your team
Constant awareness and attention regardless of company size
Our team handles all tax duties such as tax automation, transitional and M&A, Resource management, Internal Business support, Tax Compliance, Tax provision, Audit Support, Transfer Pricing, Planning, Transaction Tax, Corporate Tax, Tax Filing, Payroll tax, and Regulatory compliance services.
For certain tax processes, we have a list of all services we do specifically. Refer below for this.
Direct Tax-Income Tax Compliance:
1. Conducting an engagement planning meeting with us which establishes the services we provide to you for taxing in form of a contract.
2. Starting the tax provision reporting under the ASC 740 and IAS 12 and make sure local, state, and federal international tax compliance is good.
3. Booking to tax calculations and getting input from the system
4. Doing consolidation and eliminations and completing any intercompany transactions
5. Filing 5472 forms and preparing statements and for apportionment
6. Doing deferred tax assets calculations as well as state tax filing
7. Returning checklist and conducting workpaper management
Indirect Tax:
1. State sales and use tax automation to set up calculations
2. State sales and use tax filing
3. Conduct GST, HST, QST, and VAT filing
4. Make sure to include telecom and utility taxes
Telecom Tax:
1. Communication tax set up and tax automation
2. Integration of tax engine with billing
3. Update tax rates
4. Take into account utility taxes
5. Return preparation and filing
Regulatory Compliance:
1. Check FCC regulations
2. Update USF rate and conduct calculations
3. Conduct USF quarterly 499@ filing
4. Conduct USF 499A annual filing
5. Provide USF audit support
Property Tax:
1. State and local property tax management
2. Property tax return filing
Payroll Tax:
1. Payroll tax calculations
2. Withholding tax and remittance
3. Monthly, quarterly, and annual tax return preparation and filing
4. State tax compliance
5. Federal tax compliance
6. 401k audit and form filing with labor department
Tax Automation:
1. Corporate tax automation, integration and enhancements
2. Data management, analytics, and visualization
3. Collaboration technology
4. Process assessment and automation
Regulatory Compliance Done at Affirms
While we address some aspects of regulatory compliance in our business processes, below is a full list of benefits and features that come with
outsourcing your regulatory compliance to us:
- Improved efficiency with operations and satisfying stakeholder expectations
- Increased trust and integrity amongst business lines
- Streamlined workflow for all policy endeavors
- Manage broad range of compliance requirements
- Get rid of redundancies and inefficiencies through regulatory alignment
- Manage regulatory changes and assess the impact of regulatory changes on the business
- Automated workflow that improves management of regulatory activities
- Developing approaches for case and incident management workflows
- Simplify process of requesting and implementing GRC advisory requests
Risk Management
As part of regulatory compliance, our team advises you about general liability insurance to further protect your business from claims such as injury, property damage, medical costs, and much more.
We help you get coverage for employee-related lawsuits which are one of the prominent factors behind preventing company growth. This coverage is for claims that allege discrimination, wrongful termination, harrassment, and other employee-related situations.
Additionally, our team ensures that you have cyber liability coverage for the company just in case data breaches, system security failure, or impersonation occurs.
