Tax Compliance and Reporting

Preparing the system and walkthrough of the entity financial close

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Billing address

 

  

Attendance fee (per person)

 

145 EUR plus VAT

About the Masterclass

Our exclusive Lucanet Pro Series masterclass is designed to guide you through the setup and optimization of the Tax Compliance and Reporting solution with the GlobalTaxCenter Suite. This 3-hour online session will cover everything from master data setup to tax reporting and deferred taxes.

This masterclass is split into two parts, where we will provide you with practical insights, tips, and best practices to make your financial close as smooth as possible. Whether you're an experienced user in need of a refresher or new to the system, this masterclass is for you.

 

Part 1: Setting up the system
In this segment, we’ll guide you through setting up the master data for the financial close, including companies, chart of accounts, roles, users, and mapping interfaces.

Part 2: User Training for Year-End
We’ll introduce the basic concepts of deferred taxes and tax reporting, covering how current tax calculations connect with deferred taxes and the Effective Tax Rate. Following that, we’ll walk you through the entire entity financial close process, ensuring you know all the important steps and dialogues.

 

Target Audience

  • Users responsible for setting up master data and looking for a refresh
  • New users of the system or those needing a refresher

Attendance fee

145 eur plus VAT

Lucanet Group Customers: 10% discount
Lucanet Group Partners: 20% discount

Discounts are not combinable.

Speakers

Lars Schürmans

Lars Schürmans

Lead IT Consulting & Support, Lucanet

Christian Groove

Christian Groove

Managing Director, Lucanet Amana

Anita Wachtel

Anita Wachtel

Director | Tax, PwC

Why Attend?

  1. User training from basics to best practices
    • Refresh your knowledge or get started with GlobalTaxCenter Suite, covering everything you need to know
  2. Practical Tips & Tricks
    • Learn how to optimize your workflow with insider tips from experts.
  3. Best practices for validating the Effective Tax Rate (ETR)
    • Understand how to handle deferred taxes and how everything ties together with your Effective Tax Rate for a smooth and accurate financial close.

 

Meet the Experts

  • Lars Horsten-Schürmans – Lead IT Consulting & Support
  • Christian Groove – Managing Director
  • Anita Wachtel – Director of Tax

Agenda/content

  • Preparation of the annual financial statement from a tax perspective
    • How can the system be optimally adapted?
      • Setting up a period
      • Companies, chart of accounts, roles, and users
      • Interface & mapping

     

    • Deferred Taxes – Basic Concept in a Nutshell
      • Basic Concept: Balance Sheet comparison
      • Current taxes and Effective Tax Rate reconciliation
      • Tax Rate Changes
     
    • Walkthrough of the Financial Close Process of an Entity
      • Menu navigation and getting started
      • Milestone concept for deferred and current taxes
      • Balance Sheet comparison and loss carry forward (LCF)
      • Detailed dialogues on current taxes, summary, and reconciliation