When it comes to deferred taxes, sometimes whole departments are needed that specialise in topics like IFRS, BilMoG [law to modernise corporate reporting requirements], Status Monitoring in Fast Close or legal requirements concerning internal audits.
Everyday in your company: fax machines whir and beep, e-mails are sent, opened and deleted, dozens of Excel tables have to be created. The problem is that your employees collect in this manner throughout the Group Sales Tax!
To ensure the proper functioning of this method, a pilot phase was carried out by the Federal Ministry of Finance – where AMANA consulting was allowed to participate due to the years of expertise in XBRL. The result is the tax accounting tool SmartTaxBalance.
Why do you lease vehicles, machinery and tools? Very simply: because it is more efficient, flexible and enables you to save money. And now can you tell us why you use the tools that are inefficient, inflexible and expensive?
Regarding content and formality, information has to be one hundred percent correct and consistent in compliance with the regulations. Additionally changes need to be included and validated in the running process, even shortly before your publication.