Comply First Time

More than ever, the pressure is on taxpayers to review and improve their indirect tax processes. With tax revenues being squeezed, both the CRA and provincial tax authorities have fundamentally changed their expectations with respect to indirect tax reporting. At the same time tax authorities around the world are offering some strong incentives to invest in tax process and systems.

Comply First Time gives you the power to automate all of your indirect tax compliance processes. Its modular approach allows you to choose which compliance processes to automate, with options including:

gst/hst returns

GST/HST Returns

qst returns

QST Returns  

pst returns

PST Returns

taxable payments

Taxable payments annual reporting  

indirect tax analytics

Detailed Indirect Tax Analytics

international gst/vat reporting

International GST/VAT reporting

 

flexible exception testing

Flexible exception testing

contractor management

Contractor Management

financial institution annual filing

Financial Institution Annual Filing

Enhance your reputation with tax authorities and regulators

Comply First Time, on an in-source or out-source basis, can help limit any CRA GST/HST enquiry to tax technical issues and provide a safeguard against time-consuming and costly audit process reviews. It is specifically designed to meet the indirect tax needs of tax functions and will help you automate processes across all of your indirect tax obligations, while simultaneously completing a wide range of quality assurance checks, from balance sheet reconciliations and long term trending to powerful and flexible data exception testing tailored to your business.

What are the benefits of using Comply First Time?

comply first time

Bring your indirect tax reporting
on to a single platform with
a consistent user interface

 

comply first time

Reduce the risk of mistakes on your indirect tax
returns which can lead to penalties, interest
charges or overpayments of tax

 

comply first time

Insulate yourself from
time consuming tax
authority reviews

 

comply first time

Indirect Tax compliance processes
can be completed within Comply First Time
without relying on emails

benefits of using Comply First Time

The only solution owned by and
fully supported by a specialist
Big 4 tax team

 

comply first time

Cloud or on premise implementations
available to suit your needs
and IT policies

 

comply first time

Take advantage of flexible and
custom setups to get the reporting
that is right for your business

 

comply first time

Make Comply First Time your own
with optional customization and
dedicated reports

comply first time

More efficient processes, saving time which
can be better used for true value add
activities rather than preparing spreadsheets

 

comply first time

Take control of your compliance
process with integrated
process controls 

 

comply first time

Complete your obligations in your
own secure environment, without having to
send data outside of your business

 

Comply First Time forms just part of a wider suite of offerings that PwC can bring to your finance function, including process re-design, data and process mapping, governance documentation and reviews, regular update training programmes and targeted modelling for industry specific issues real property or customs related adjustments. Whether you are looking for a quick fix, or are undertaking a substantive update of your risk and governance processes, PwC and Comply First Time can meet your requirements.

  • Oversight of your filing obligations
  • Pre Filing Analysis
  • Trend and Variance Analysis
  • Management Insight
Oversight of your filing obligations
Pre Filing Analysis
Trend and Variance Analysis
Management Insight
Controls

Predict

What might happen next?

We can help you anticipate opportunities and risks more effectively through:

  • combining past data patterns with industry and company knowledge, to more accurately anticipate the future
  • building an automated and embedded solution that updates as new data comes in and so constantly improves predictive outcomes
  • identifying and predicting very specific hidden activities—such as fraud and market manipulation—if these are considered potential risks
Controls

Optimize

What's the right answer for your business?

We can help you discover the best solutions to your business challenges by:

  • evaluating insights and completing incremental analysis
  • reviewing aspects of your strategy or operations, the balance of risk and cost efficiency, or tactics at an individual customer level
  • identifying every opportunity to monetize and make the most of data as a strategic asset through innovative new business models
Controls

Empower

Is insight being delivered to the right people at the right time?

We can help you empower the right people at the right time by:

  • understanding who needs access to data and insight
  • developing relevant visual outputs to help different users quickly interpret and take action on the insights they receive
Controls

Embed

How do you embed data analytics into your organization?

We can help you embed data analytics into your organisation by:

  • designing the integrated set of capabilities you’ll need to use data and analytics effectively
  • advising on how best to integrate data analytics systems into the broader organizational eco-system
  • providing managed outsourced services and supplying ongoing solutions—data hosting, analytics and business recommendations—to your organization

Contact us

Juha Laitinen

Partner, Tax Services, PwC Finland

puh. +358 (0)20 787 7409

Maarit Pokkinen

Partner, Indirect Taxation, PwC Finland

puh. +358 (0)20 787 7864

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