6 Steps to Plan Your Attack!

Posted by Kelley LearcloseAuthor: Kelley Lear Name: Kelley Lear
Email: kelley.lear@redmoonsolutions.com
Site: http://blog.redmoonsolutions.com
About: Kelley is a member of the executive leadership team and leads our sales and marketing efforts at Red Moon Solutions. Kelley’s extensive experience in project management, product management, and consulting with Fortune 500 and Global 1000 clients is extremely important in this role.See Authors Posts (127) on Dec 7, 2010 | 0 comments

The Association for Computers and Taxation (ACT) presents an informative webinar on  SWOT for Tax – Six Steps to Plan Your Attack! Sponsored and hosted by Red Moon Solutions.

“Instead of worrying about the future, let us labor to create it.” Hubert Humphrey

What in the world is a SWOT Analysis?  For those of you who took Marketing 101, and/or were crazy enough to get your MBA (like me), you may have had some exposure (if not a lot), doing SWOT analysis to do strategic planning for a new business venture and/or to analyze a company’s position in the marketplace.  For those of you busy tax professionals that have never had to do one of these, I would contend that they can be a pretty quick, easy and useful tool to analyze a current tax project, tax process and/or new regulatory requirement you know you may need to get ahead of such as UTP, IFRS or some other.  So, SWOT for tax could be something you want to try out!

SWOT sounds pretty foreboding, if not a bit military, if you haven’t heard of them before.  SWOT analysis is just a process used to identify strategic issues with a group of people in a short time frame based on analyzing strengths, weaknesses, opportunities and threats.  It was originally developed as a component of the Harvard Policy Model for strategic planning in business and has been included in the business policy course taught at Harvard Business School, and many others across the nation, since the 1920’s.  SWOT analysis has since been expanded to cover a wide variety of purposes including assessment and development within most organizations (for profit and non-profit).

SWOT for tax could be used for the following:

• Help a tax group of any tax discipline to focus on developing their strategy and initiatives for a coming year (or properly defined timeframe).
• Enable a group that has not been functioning as efficiently as they could be to refocus efforts and get back on track.
• Assist tax departments in periodically renewing their priorities to align with external and internal pressures and risks.
• To assist tax departments in analyzing a process to identify risks and to look at new ways of working and coming up with solutions (technology, process and/or people).
• To assist tax departments in coming up with analysis and game plans to get ahead of new tax law.

Join us for a FREE webinar brought to you by the Association for Computers and Taxation (ACT) and Red Moon Solutions, on December 14^th, at 2 pm EST, to learn about how you can embark on your own mission and conduct a SWOT analysis!  We will walk you through six easy steps to get started.  Click here to register!!!