Tax Governance and Sustainability 2021
...

Tax Governance and Sustainability Series - 2021

CPD Hours: 6

Price: R1282.50


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Tax Governance and Sustainability Series - 2021


Overview

Basic Tax Risk Management Principles for Tax Practitioners (Session 1)

Tax risks are risks associated with the organisation’s tax practices that might lead to a negative effect on the goals of the organisation, or to financial or reputational damage. It is debatable whether tax risk can be eliminated completely, but all will agree that it should be managed and minimised as far as practically possible.  In this webinar, we will consider a practical approach to start managing tax risk within an organisation, which includes:

  1. Building a foundation – what are the overarching topics and key success factors that provide a company with a strong foundation for effective tax risk management (TRM).
    • Support from the top.
    • An incremental step-by-step approach.
    • Focus on prioritised risks.
    • Leverage existing resources.
    • Embed TRM into the fabric of the organisation.
    • Ongoing awareness.
       
  2. Taking initial action steps – action-oriented, “how to” steps to implement an initial TRM effort.
    • Prepare a business case.
    • Conduct a maturity assessment.
    • Determine a strategy and key objectives.
       
  3. Working towards an optimised tax risk operating model
    • Awareness and visibility.
    • Risk identification and accountability.
    • Phased optimised tax operating model.
    • Monitoring and continuous improvement.

Tax Governance Overview of Recent Developments and Best Practice for Tax Practitioners (Session 2)

The cornerstone of a sustainable tax function is a strategic tax governance framework. It is also a key driver to build trust with stakeholders. To establish a sustainable and coherent approach to tax governance, the governing board requires a framework to bring it all together.

In this webinar session, we will look at a variety of visible trends, globally and locally, that indicate the important role of tax governance, not only to create shareholder value, but moving towards providing enduring value to stakeholders and sustainable participation in societies.

We will consider a variety of internal and external factors driving change and business “disruption” and determine why tax needs to be open to new ideas, innovative business models, operational structures, multi layered skills and resources.

The bottom line is that for tax matters, just as for environmental and social issues, governing boards are now expected to give serious consideration to the purpose of their company, and to reflect on how that informs behaviour in relation to tax.

We will look at effective strategies to optimise the tax function through key enablers, to strategically and comprehensively transform itself to deliver incremental value, while simultaneously reducing tax risk to the organisation.


The Real-Time Tax Director: A Detailed Discussion on Tax Governance and the Implementation of a Tax Control Framework (Session 3)

The tax function operates in a world of significant disruption and uncertainty. Historically tax functions primarily paid attention to tax return filings, but the tax landscape requires a realisation by the board and tax function to think about tax risk differently.

We look at the practical implementation and translation of the chosen tax governance strategy into action plans and activities, to enable the organisation to achieve its stated tax objectives – putting theory into practice.

This discussion will include examples of various initiatives that can be implemented in an organisation that wants to work towards building trust with key stakeholders. These include the following:

  • Tax risk committee.
  • Tax strategy.
  • Tax policy.
  • Tax risk assessment.
  • Tax control framework.
  • Tax transparency framework.

Who should attend?

Session 1 - Tax managers/consultants and heads of tax.

Sessions 2 and 3:  Tax managers/consultants, heads of tax, financial directors, accountants.

What's Included:

Governance Series: Basic Tax Risk Management Principles for Tax Practitioners (Session 1) 2021

Overview Basic Tax Risk Management Principles for Tax Practitioners (Session 1) Tax risks are risks associated with the organisation’s tax practices that might lead to a negative effect on the goals of the organisation, or to financial o r reputational damage. It is debatable whether tax risk can be eliminated completely, but all will agree that it should be managed and minimised as far as practically possible.  In this webinar, we will consider a practical approach to start managing tax risk within an organisation, which includes: Building a foundation – what are the overarching topics and key success factors that provide a company with a strong foundation for effective tax risk management (TRM). Support from the top. An incremental step-by-step approach. Focus on prioritised risks. Leverage existing resources. Embed TRM into the fabric of the organisation. Ongoing awareness.   Taking initial action steps – action-oriented, “how to” steps to implement an initial TRM effort. Prepare a business case. Conduct a maturity assessment. Determine a strategy and key objectives.   Working towards an optimised tax risk operating model Awareness and visibility. Risk identification and accountability. Phased optimised tax operating model. Monitoring and continuous improvement. Who should attend? Tax managers/consultants and heads of tax.


2 Hours | R475.00
Ine-Lize Terblanche

Governance Series: Tax Governance Overview of Recent Developments and Best Practice for Tax Practitioners (Session 2) 2021

Overview Tax Governance Overview of Recent Developments and Best Practice for Tax Practitioners (Session 2) The cornerstone of a sustainable tax function is a strategic tax governance framework. It is also a key driver to build trust with stak eholders. To establish a sustainable and coherent approach to tax governance, the governing board requires a framework to bring it all together. In this webinar session, we will look at a variety of visible trends, globally and locally, that indicate the important role of tax governance, not only to create shareholder value, but moving towards providing enduring value to stakeholders and sustainable participation in societies. We will consider a variety of internal and external factors driving change and business “disruption” and determine why tax needs to be open to new ideas, innovative business models, operational structures, multi layered skills and resources. The bottom line is that for tax matters, just as for environmental and social issues, governing boards are now expected to give serious consideration to the purpose of their company, and to reflect on how that informs behaviour in relation to tax. We will look at effective strategies to optimise the tax function through key enablers, to strategically and comprehensively transform itself to deliver incremental value, while simultaneously reducing tax risk to the organisation. Who should attend? Tax managers/consultants, heads of tax, financial directors, accountants.


2 Hours | R475.00
Ine-Lize Terblanche

Governance Series: The Real-Time Tax Director: A Detailed Discussion on Tax Governance and the Implementation of a Tax Control Framework (Session 3) - 2021

Overview The tax function operates in a world of significant disruption and uncertainty. Historically tax functions primarily paid attention to tax return filings, but the tax landscape requires a realisation by the board and tax function to think about tax risk differently. We look at the practical implementation and translation of the chosen tax governance strategy into action plans and activities, to enable the organisation to achieve its stated tax objectives – putting theory into practice. This discussion will include examples of various initiatives that can be implemented in an organisation that wants to work towards building trust with key stakeholders. These include the following: Tax risk committee. Tax strategy. Tax policy. Tax risk assessment. Tax control framework. Tax transparency framework. Who should attend? Tax managers/consultants, heads of tax, financial directors, accountants.


2 Hours | R475.00
Ine-Lize Terblanche

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