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How Firms can Use a Streamlined Request List Platform to Navigate Tax Uncertainty

29th Feb 2024
Brought to you by
Suralink logo

Suralink provides professional services firms with a single, secure platform to collaborate with clients, exchange documents at scale, and track the progress of engagements. 

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Have you found this content useful? Use the button above to save it to your profile.

Great Britain is in an election year, and major political parties are working to establish their official positions on a variety of issues before the latter half of 2024, when voting is expected to occur. Among all of this positioning are two prominent issues that many UK businesses believe the government has failed to provide clarity on: tax levels and incentive policies.

Many of these businesses feel that recent successive governments have failed to provide a coherent course in both of these areas—current economic events, not to mention lingering challenges from the COVID-19 pandemic, have spurred higher rates while also further muddying the waters. Meanwhile, some leaders and prospective leaders have pledged to cap corporation tax at 25% for five years in an effort to woo British businesses and provide that aforementioned clarity.

No matter the direction British politics takes later this year, though, UK tax professionals’ need for constant direction, communication, and expedience will never cease. Therefore, it’s important to utilise a platform that empowers firms to anticipate and meet challenges on the national policy scale, as well as the smaller-scale challenges unique to every client and every engagement.

Expediting Accessibility

Suralink, the world leader in PBC and request list management software, has developed a platform that can help British tax and other financial professionals surpass tax uncertainties large and small.

On the individual engagement level, the company’s platform features dynamic list management capabilities, enabling tax professionals and their clients to store all of their requests in one place and update their statuses in real time. This enables firms to save tremendous time previously used to manually chase documents, update an entire basket of platforms, and reach out to other stakeholders one-on-one.

Additionally, firms can further expedite engagements by saving templates from previous projects and rolling them over month-to-month or year-to-year. Whereas many tax professionals currently have to manually retool their templates or create the same ones over and over, Suralink’s approach further saves them time and effort by preserving those templates, making their statuses updateable, and centralising their storage.

On The Same Page

Beyond synchronised document storage and functionality, tax professionals need a platform that enables all-in-one communication and updates that everyone can execute on and view in real time. Suralink’s platform enables that functionality as well. In addition to storing all documents in one place, everyone involved on either side of the engagement can view these materials, comment on them, and centralise communications. 

The end result of this technology is the ability to create a single approval workflow, allowing everyone to constantly remain on the same page and to create and maintain an effective engagement timeline. Firms can use the time that would’ve been spent arduously attempting communication across multiple people and channels to instead be more productive in the actual engagement.

The Final Outcome

The benefit to using a platform like this is far greater than the sum of its parts. A streamlined document housing system and a consolidated approval workflow are powerful on their own, yes, but there’s a grander end result that British tax professionals stand to gain. That result is a meaningfully and holistically improved engagement experience that saves every stakeholder tremendous time (sometimes as much as 50%), eliminates the specter of miscommunication, and makes the engagement a fulfilling and mutually beneficial interaction.

How does all of this relate to the tax uncertainty posed earlier? With a platform like Suralink, British tax and finance professionals are poised to achieve ultimate versatility. No matter which policies or tax rate changes will be implemented after the upcoming election concludes, professional firms can use this platform and its myriad capabilities stay one step ahead of any tax question. Real-time, centralised communication, document storage, and a single approval workflow are key to adapting to any new tax situation.

With Suralink, British tax professionals and the businesses they serve can achieve clarity on an array of outstanding tax questions and issues while also providing a meaningfully improved experience for every stakeholder in the engagement. The final outcome is an interaction that saves time, reduces risk, boosts revenue, and creates a more human connection. Click here to learn more today!