Business Compliance Methodology Process Flow – Initiate Tax Project

1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Initiate Tax Project

Prepare Tax
Return Docket
Preparer

(5)

Create or
Update DOL
eRoom
(5) Create or
Update
Tracker
(Detailed and

Projects
Substantive)

Draft and Conduct Tax

Reviewer

(1) Review Tax Schedule Preparation

Create Engagement Engagement Kick-off
eDRMS Files Prepare and Letter Team Meetings
Determine
Determine (8) Review Tax (1, 5, 6, 8, 12, (1, 6, 10, 13) (1, 2, 3, 4, 5,
Client
Engagement Preparation 14) 6)
Acceptance
Acceptance Budget
or Retention
(5, 8) (1, 5, 6, 12)
(5, 8)
Reviewer
QA

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Manage and Wrap Up Tax Project
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Manage and Wrap-up Tax Project

Preparer

Conduct Monthly Wrap-up Tax

Conduct Team
Manage Project Review of Return Project
and Client Status
(Tracker, DOL, Engagement (Finalize Tracker,
Meetings as
eDRMS) Progress and DOL, eDRMS,
Needed
(Detailed and

(1, 5, 8) Billing Analysis Billing)

Substantive)
Reviewer

(15)
(7, 11) (1, 5, 7, 8, 11)
Prepare and Prepare and
Review Federal Review State
Estimates Estimates
(3) (3)
Reviewer
QA

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Acquire and Organize Tax Data
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Acquire and Organize Tax Data

Obtain Electronic Create Data Collect

Prepare Book
Trial Balance and Wizard (DCW)
Preparer

Return
Prepare for Import Package
(1, 4, 5)
(4, 5) (2, 5)

Review Client-
Obtain and Roll
Deliver Data Prepared Data Review Other
Forward the Fixed
Collect Wizard Collect Wizard Client Documents
Asset Cost Basis
(DCW) Package to (DCW) (5)
and Accumulated
Client (2, 5)
(Detailed and

Depreciation
Substantive)
Reviewer

(2)
(9)
Sign Off Book
Return
(5)

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Prepare Tax Return
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Prepare Tax Return

Preparer

Prepare Federal Prepare Consolidated

Draft Business
and State Tax Federal and State
Transmittal Letter
Returns Returns
(1, 5)
(1, 2, 4, 5) (1, 4, 5)
Substantive)

Calculate and
Reviewer
(Detailed

Prepare Federal Prepare State Review Taxable

and

Extensions Extensions Income in Data

(See Review Tax Return Module)
(3, 4, 5) (3, 4, 5) Collect Wizard
(DCW)
(2, 5)
QA Reviewer
(as applicable)

(See Review Tax Return Module)

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Review Tax Return
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Review Tax Return

Preparer

(See Prepare Tax Return Module)

(Detailed and
Substantive)
Reviewer

Calculate and
Review
Review Taxable Review Federal Conduct Client
Review Federal Review State Consolidated Review Business
Income in Data and State Tax Tax Return
Extensions Extensions Federal and State Transmittal Letter
Collect Wizard Return Review Meeting
(3, 5) (3, 5) Returns (5)
(DCW) (2, 5) (5)
(5)
(2, 5)
(as applicable)
Reviewer
QA

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Finalize Tax Return
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Finalize Tax Return

Preparer

Process Tax
Confirm Returns
Returns for
for Processing
Delivery
(5)
(5)
(Detailed and
Substantive)
Reviewer

Conduct Final
Review of Tax
Return if Client Finalize Business
Sign Tax Returns
Changes Were Transmittal Letter
Made
Reviewer

(5)
QA

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Complete Tax Project
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Complete Tax Project

Preparer

Send Tax Returns

to Client and e-file
(Detailed and
Substantive)
Reviewer

(4)
Reviewer
QA

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report
 Business Compliance Methodology Process Flow – Conduct Tax Planning
1/8/2010 Version 2.0

Initiate Tax Project Manage and Wrap Up Tax Project

Acquire and
Prepare Tax Return Review Tax Return Finalize Tax Return Complete Tax Project
Organize Tax Data

Conduct Tax Planning

Conduct Tax Planning

Preparer

Understand
(Detailed and

Client’s Business
Substantive)
Reviewer

and Industry
Prepare Client Tax
Planning Meeting
Identify and Agenda
Document Tax Conduct Client
Planning Tax Planning
Opportunities Meeting
(1, 5)
Reviewer
QA

1. - Tracker 6. – Tax Budget Tool 11. Tax Billing Tool

2. - DCW 7. – Budget to Actual Tool 12. Tax Pricing Tool
Tools 3. - CJETT 8. – eDRMS 13. Staffing Model
Legend: 4. – Tax Software 9. – FAS 100 Software 14. Client Timeline
5. – DOL eRoom 10. - StaffTrak 15. Status Report