Save time, empower your teams and effectively upgrade your processes with access to this practical Foreign Account Tax Compliance Act Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Foreign Account Tax Compliance Act related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated Foreign Account Tax Compliance Act specific requirements:
STEP 1: Get your bearings
Start with...
- The latest quick edition of the Foreign Account Tax Compliance Act Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals...
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 945 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Foreign Account Tax Compliance Act improvements can be made.
Examples; 10 of the 945 standard requirements:
- How do FFIs leverage their existing customer due diligence processes and systems to satisfy FATCA's requirements for identifying and reporting on US accounts, and what controls are in place to ensure consistency across different lines of business and regions?
- How do FFIs and US financial institutions ensure that their FATCA compliance programs are aligned with their existing customer onboarding processes, and what controls are in place to prevent onboarded customers from being missed or incorrectly classified?
- What are the criteria for determining whether a foreign financial institution is a participating foreign financial institution (PFFI) or a deemed-compliant foreign financial institution (DCFII), and how does this impact reporting obligations?
- What procedures are in place for FFIs and US financial institutions to identify and report on recalcitrant account holders who fail to provide required documentation or consent, and how do these procedures align with AML and KYC requirements?
- What role do industry associations play in promoting a more level playing field for FFIs, US withholding agents, US financial institutions, NFFEs, and individual taxpayers in terms of FATCA compliance, and how do they advocate for this goal?
- How do individual taxpayers, particularly those with international financial interests, use industry associations and advocacy groups to push for changes to FATCA reporting requirements and to advocate for more taxpayer-friendly rules?
- What are the key technology-enabled processes that Foreign Financial Institutions (FFIs) can implement to fulfill their obligations under FATCA, such as identifying US accounts, withholding taxes, and reporting information to the IRS?
- What are the key differences between the various types of FATCAstatuses, such as Participating FFI, Registered Deemed-Compliant FFI, and Limited FFI, and how can FFIs determine which status is most advantageous for their organization?
- What are the key differences between FATCA and other anti-money laundering (AML) and know-your-customer (KYC) regulations, and how do FFIs and US financial institutions integrate these requirements into their compliance programs?
- How do FFIs, US withholding agents, and US financial institutions ensure that individual taxpayers are informed about and consent to the collection, use, and disclosure of their taxpayer information and FATCA-related data?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the Foreign Account Tax Compliance Act book in PDF containing 945 requirements, which criteria correspond to the criteria in...
Your Foreign Account Tax Compliance Act self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the Foreign Account Tax Compliance Act Self-Assessment and Scorecard you will develop a clear picture of which Foreign Account Tax Compliance Act areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough Foreign Account Tax Compliance Act Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Foreign Account Tax Compliance Act projects with the 62 implementation resources:
- 62 step-by-step Foreign Account Tax Compliance Act Project Management Form Templates covering over 1500 Foreign Account Tax Compliance Act project requirements and success criteria:
Examples; 10 of the check box criteria:
- Change Request: What is the function of the change control committee?
- Risk Register: Risk probability and impact: how will the probabilities and impacts of risk items be assessed?
- Project Schedule: How closely did the initial Foreign Account Tax Compliance Act project Schedule compare with the actual schedule?
- Project Scope Statement: Has everyone approved the Foreign Account Tax Compliance Act projects scope statement?
- Human Resource Management Plan: Are actuals compared against estimates to analyze and correct variances?
- Stakeholder Management Plan: Are there processes in place to ensure internal consistency between the source code components?
- Probability and Impact Assessment: What is the experience (performance, attitude, business ethics, etc.) in the past with contractors?
- Scope Management Plan: Have Foreign Account Tax Compliance Act project team accountabilities & responsibilities been clearly defined?
- Procurement Audit: Is there a need for the procurement Foreign Account Tax Compliance Act project at all?
- Human Resource Management Plan: Is pert / critical path or equivalent methodology being used?
Step-by-step and complete Foreign Account Tax Compliance Act Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 Foreign Account Tax Compliance Act project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 Foreign Account Tax Compliance Act project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 Foreign Account Tax Compliance Act project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 Foreign Account Tax Compliance Act project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 Foreign Account Tax Compliance Act project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 Foreign Account Tax Compliance Act project or Phase Close-Out
- 5.4 Lessons Learned
Results
With this Three Step process you will have all the tools you need for any Foreign Account Tax Compliance Act project with this in-depth Foreign Account Tax Compliance Act Toolkit.
In using the Toolkit you will be better able to:
- Diagnose Foreign Account Tax Compliance Act projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in Foreign Account Tax Compliance Act and put process design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'
This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Foreign Account Tax Compliance Act investments work better.
This Foreign Account Tax Compliance Act All-Inclusive Toolkit enables You to be that person.
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
