Business Management,Finance &Tax

I nternational tax planning strategies are complex and constantly shifting. Managing this ongoing challenge requires mastering both the big picture and the details that comprise it. Establishing and maintaining an effective tax strategy for an  internationally active business  has never been easy. It requires tracking the constantly shifting tax landscape in multiple jurisdictions and building a cohesive structure that: ·           Appropriately times the tax and cash needs ·           Takes full advantage of tax deferral opportunities ·           Seizes foreign tax credit opportunities ·           Avoids double taxation ·           Appropriately controls your overall tax exposure     The right internationally tax structure...

    The shift toward mobility in several business applications cannot be ignored, and studies show organizations that adopt mobility initiatives typically outperform those that don’t. Many are implementing a mobile customer relationship management (CRM) strategy, to provide immediate access to important information in an effort to increase efficiency and enhance relationships. As competition increases, mobile CRM can provide timely, accurate data to support sales and other key areas of the business. Smartphone Internet usage is outpacing PC usage, with comScore reporting that mobile access accounted for 55 percent of all Internet traffic in January 2014. Office-based CRM systems are powerful tools, but often, users are disconnected from the system’s wealth of information when away from their PCs. More employees work away from a traditional office, and information demands and expectations have changed. Customers cannot wait until the next day for an email with details on ...

Strategic working capital management is different than it was only five years ago. While some companies view it as basic blocking and tackling, others embrace best practices and leverage technology to make the most of this fundamental business responsibility. Working capital management focuses on four primary objectives: 1.     Optimizing cash:  Ensuring cash is deployed efficiently by lean and automated processes 2.     Maximizing cash:  Maximizing cash by shortening day sales outstanding (DSO) and extending days payable outstanding (DPO) to meet or exceed benchmarks 3.     Visibility and access to cash:  Gaining visibility and access to cash through optimal liquidity structure and forecasting 4.     Protecting cash:  Preserving cash by ensuring risk management policies and processes are in place Taking a holistic approach Effective working capital management employs a comprehensive method...

    Change is a certainty, particularly for the traditional tax function, and it’s happening at exponentially faster speeds. What’s driving this transformation and disrupting the status quo? Digital — the digitalization of the working world, in fact, of the world in general. For companies, transforming the tax function is squarely in focus with the realization that unique operational process, technologies and personnel skillsets are needed to answer the demands of changing data flows, data analysis and data requirements that are mandates of the global digital economy. Governments too are going digital, accessing information closer to the source and changing the dynamics of the reporting process. Digital is fundamentally changing how companies do business. By understanding their organization digital maturity, identifying the digital priority and creating holistic and strategic approach to their current financial framework.CFO,can get best return on t...

    One of the top priorities for President Trump and the Republican-controlled Congress is tax reform. President Trump made tax reform one of the key issues in his campaign, and although Senate Republicans have not released a comprehensive plan, House Republicans issued a comprehensive tax reform blueprint as part of their  A Better Way  proposal last June. President Trump recently said that he plans to issue a tax reform plan in the next two to three weeks. That proposal will play a critical role in the tax reform debate and may well turn the debate in one direction or another.    The most controversial proposal in the tax reform debate so far is the proposal in the House  A Better Way  blueprint to enact a border adjustment tax  (also referred to as a destination-based cash flow tax). This has split the business community and members of Congress, including members of the Republican Party, who control both houses of Congress. The ...

  Tax revenues is very crucial for the country's economy,yet the important of taxation on the growth and investment has remained a hostly debated issues, not only to the academic but also to the politician as well as policy makers.      Both changes in the level of revenues and the structure of the tax system can influence economic activity, but not all tax changes have equivalent, or even positive, effects on long-term growth.  Tax cuts offer the potential to raise economic growth by improving incentives to work, save, and invest. But they also create income effects that reduce the need to engage in productive economic activity, and they may subsidize old capital, which provides windfall gains to asset holders that undermine incentives for new activity.  In addition, tax cuts as a stand-alone policy will typically raise the government budget deficit. The increase in the deficit will reduce national saving and the capital stock owned by national in...

Monetary policy all over the world have been pursued together with fiscal policies to ensure economic progress is achieved while fiscal and other macroeconomic challenge are address. These policies and strategy have been dynamic in line with global trend in order to be relevant. Monetary policies involve the use of difference measures with aims of regulating the values, supply and the cost money in consonance with the expected level of economic activity.The main objective is to ensure price stability and maintenance of balance of payment equilibrium while creating employment and sustainable development.      For instance, in the history of Ghana economic development, the introduction of policy rate by Bank of Ghana as a central policies tool started in 2002.The rate has been peaked at 27.5%  since  2003 and declined to 12.5% in August,2007. After these period,it increases to 18.5% in september,2009 and decline to 12.5% gain in november,2011. For...