Corporation - Privately-Held
Specialized in ‘Business Control’, ‘Information Technology’ and ‘Indirect Tax’.
KEY Group have more than earned their spurs in accountancy and business consulting.
The CEO, Richard Cornelisse LLM (1968) and Arjan Hassing MSc, CPA, CISA (1966) of the KEY group were partner at Ernst & Young and have vast experience with multinational businesses and dealing with the tax authorities.
The CFO, Robbert Hoogeveen MSc, CPA (1963) of the KEY group held the position of indirect tax technology leader at one of the largest multinationals in the world (Dutch Oil & Gas).
The COO Ferry Geertman (RE CISA) was Director IT Audit and Data Analytics at Deloitte Netherlands. From his background in Applied Mathematics, Ferry has vast experience in data analysis, including the design and evaluation of statistical samples as part of internal and external control.
In addition, Ferry has extensive experience in advising about and evaluating of (IT)- risk management and internal control for multinationals.
In his previous leadership role Ferry was responsible for developing innovative approaches to perform data analysis effectively and efficiently, measure the results and improve processes and set up dashboards for management for continuous monitoring purposes.
- Management Consulting Services
- Management Consultancy
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Indirect Tax Performance projects:
*Statistical Sampling is the tax audit methodology of the Dutch Tax Authorities and it can be used by companies for proactive audit defense: pre-audit and detective control resulting in quantification of potential amount of exposures and/or savings.
*Data Analysis - An alternative for performing an efficient tax audit would be data analysis. Data-analysis options have increased and been refined rapidly over the past few years, allowing for large data volumes to be reviewed from indirect tax risks and cost reduction perspective in an effective and efficiently way.
*Audit Defense:- manage proactively relationship with tax authorities with aim to avoid future time consuming tax audits
*Business and Indirect Tax Processes and Controls: assessment, remediation and/or improvement
*Assessment, remediation and improvement of the VAT/GST functionality in IT systems (ERP/tax engine)
*Procedure manuals and user specific training
*Set up an Indirect Tax Strategic Plan for the short, mid and long term
*Knowhow of what is needed for succesfull indirect tax project: the necessary people skillset, time frame and key milestones, roles and responsibilities and pricing models of both tax software as tax content vendors. As business advisor provide support during Request for Proposal (including writing) or vendor selection.
For virtually every company the efficiency of compliance with local VAT regulations depends entirely on the functionality of the underlying ERP system, such as SAP.
However, determining the VAT liability and reclaim in these systems is only partly automated. As a result, companies risk incorrect calculation of VAT, failure to comply with the local VAT obligations, or transactions that cannot be commercially executed.
In actual practice, these flaws are often patched up in order to keep the system running. taxmarc™ creates a bypass in SAP, thereby building on the standard functionality and infrastructure of SAP, but adding extra ‘brain capacity’.
By drawing upon 30 parameters instead of the 4-8 in standard SAP, taxmarc™ enables – without extra interface – a fully automated VAT determination of all (chain) transactions.
Moreover, taxmarc™ provides a Tax Control Framework, which ensures that transactions that do not comply with tax laws are automatically blocked.
Hereby taxmarc™ offers an effective tool that facilitates efficient deployment of employees and optimal risk management regarding indirect tax.
New York, New York, USA 10036
Amsterdam, Netherlands 1083HK