updating their knowledge through tax alerts and specialized training. Strengthening compliance and documentation related to global mobility, such as maintaining accurate records of employee assignments and related expenses, will be crucial. We advise our clients to engage in proactive tax planning, including conducting detailed analyses of the potential impact on global mobility policies, and to work closely with experienced tax advisors, like Grant Thornton, to develop tailored solutions that mitigate risks and ensure compliance in this increasingly complex regulatory environment. Can you share a specific instance where your tax consulting services made a significant difference for a client’s financial performance or compliance? We worked with one of Europe’s leading car retail groups to design, implement, and continuously support a tailored Tax Compliance Management System (TCMS). This resulted in a significant enhancement in their compliance, reduced liability for both management and responsible parties, and enabled the company to successfully navigate new audit procedures while fostering ongoing collaboration with tax authorities. The result not only improved financial performance but also strengthened regulatory alignment. In what ways are technological advancements, such as GAI, influencing your approach to business tax advisory, and how is Grant Thornton integrating new tech into its services? Technological improvements, particularly in AI, digitalization and machine learning, are transforming the landscape of tax advisory, particularly by freeing advisors and accountants to focus on strategic planning, rather than doing repetitive tasks. Machine learning models are being developed to enhance predictive accuracy and risk assessment capabilities, improving overall data analysis and compliance efficiency. At Grant Thornton Austria, we also leverage digital platforms and comprehensive tax software to streamline our services. A secure client portal facilitates easy document sharing, real-time collaboration, and communication, while cloud-based solutions offer scalable and efficient data management. Integrated tax software combines compliance, planning, and reporting functions into a single platform, regularly updated to adapt to changing regulations and client needs. This technological integration ensures clients receive precise, efficient, and personalized tax advisory solutions. Christoph Schmidl Partner | Head of Accounting & Payroll Email: Christoph.Schmidl@at.gt.com Tel.: +43 1 505 4313 2051 Finance Monthly Taxation Awards 2024. AUSTRIA 17
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