EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Limited, each of which is a separate legal entity. Ernst & Young Limited is a Swiss company with registered seats in Switzerland providing services to clients in Switzerland.
How EY can help
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Our tax managed services team can help asset managers to navigate with confidence the global challenges. Find out more.
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Secure cost effectiveness
Maintaining an in-house team solely dedicated to fund tax reporting often proves to be financially impractical. Outsourcing this function allows fund providers to reduce expenses associated with hiring, training, and retaining specialized staff. Moreover, external providers often offer flexible pricing models, enabling funds to scale their tax reporting services as needed, which results in cost savings.
Focus on core competencies
Fund providers should prioritize activities such as investment management, client relationship buildings and business growth, as these are the fields where they can add significant value. By delegating time-consuming tasks like fund tax reporting, fund providers can concentrate on their core competencies and allocate internal resources more strategically, ultimately maximizing their overall effectiveness.
Elevate risk management
Errors or omissions in tax reporting can have severe consequences, including reputational damage, regulatory repercussions and financial penalties. Engaging an external fund tax reporting specialist can help mitigate these risks, as they employ robust processes and internal controls to ensure accuracy, compliance, and proper risk management, safeguarding fund providers from potential pitfalls.
To explore how EY can assist you in leveraging these benefits and more as your trusted provider of tax fund reporting solutions, we invite you to download our brochure.