Here are ways to complete tax planning and analysis using business analytics tools

1. CORPORATE TAX REPORTING /
FINANCIAL SOLUTIONS
PRESENTER: SENIOR CUSTOMER SUCCESS MANAGTER – DATA AND
AI - PAUL YOUNG CPA CGA
DAY: JULY 27, 2023

2. PAUL YOUNG CGA CPA
SENIOR CUSTOMER SUCCESS
MANAGER – DATA AND AI
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Reporting
and policy development
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul_young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
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• Accounting for Income Taxes
• FASB
• IFRS/IASB
• BEPS
• Tax Reporting Templates/Solutions

4. WHAT IS CORPORATE TAX
REPORTING?
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A corporate tax is a levy placed on the profit of a firm to raise taxes.
After operating earnings is calculated by deducting expenses
including the cost of goods sold (COGS) and depreciation from
revenues, enacted tax rates are applied to generate a legal obligation
the business owes the government.

5. TAX REPORTING CONCERNS FOR
BUSINESS
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• Research and Development Tax Credit/Reporting
• Calculation the monthly corporate tax provision
• Reporting requirements under BEPS
• Tax Reporting/Planning by jurisdiction
(Understanding the rules)
•Country
•Provincial and State
Businesses are looking to streamline reporting
include tax reporting as part of the close,
consolidate and reporting cycle

6. ACCOUNTING FOR TAX / FASB
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7. IFRS / ACCOUNTING FOR TAX
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8. BEPS REPORTING
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Base erosion and profit shifting (BEPS) is a tax
avoidance strategy used by multinational
companies, wherein profits are shifted from
jurisdictions that have high taxes (such as the
United States and many Western European
countries) to jurisdictions that have low (or no)
taxes (so-called tax havens).
57 Countries signed on to BEPS
KPMG – March 10, 2017

9. SAMPLE TEMPLATE / TAXATION
REPORTING
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• Build OLAP model
that can calculate
Current and deferred
taxes
• Import data into
reporting tool for
final reporting

10. SAMPLE TEMPLATE / TAXATION
REPORTING
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pte
mb
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9,
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• Build OLAP model
that can calculate
Current and deferred
taxes
• Import data into
reporting tool for
final reporting

11. SOLUTIONS
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• IBM Watson Analytics /Actuarial calculations -
https://www.ibm.com/ca-
en/marketplace/watson-analytics
• IBM Cognos Disclosure Management /
Reporting tool - http://www-
03.ibm.com/software/products/en/cognos-
disclosure-management

12. TAX AND ARTIFICIAL INTELLIGENCE
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Source - http://ww2.cfo.com/tax/2017/09/ai-impacts-tax-
function/?utm_campaign=CFOWeekly&utm_source=CFO-
email&utm_medium=email&utm_content=CFOWeekly_Friday_2017-9-
29&utm_term

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Here are key links that can help enterprises with their data and AI journey as part of the budgeting,
forecasting, planning, analysis, capital planning, cash flow, and reporting cycles (management, operational,
and regulatory)
Are you ready for the new Global ESG reporting Standards? - https://www.linkedin.com/posts/paul-young-
055632b_esgreporting-esgreporting-issbstandards-activity-7079823962368606208-
NVac?utm_source=share&utm_medium=member_desktop
Close, consolidate, and reporting - https://www.slideshare.net/paulyoungcga/close-consolidate-and-reporting-
cyclepptx-256864692
Key Environmental Areas – https://www.linkedin.com/posts/paul-young-055632b_7-environmental-
factors-for-esg-reporting-activity-7071476082784276480-
EYDt?utm_source=share&utm_medium=member_desktop
Data Management - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-
private-and-public-sectorspptx-257454162