Tax function issues

If you are experiencing…

Disruptive change
  • Acquisitions/spins/mergers — an expanding or newly established tax function
  • Leadership changes in finance or tax
  • Foreign expansion
Sarbanes-Oxley challenges
  • Material weakness/significant deficiency in tax
  • Data quality or data access issues with ERP and subsidiary ledgers
  • Inability to derive legal entity books from the financial reporting systems
  • Inefficient or lengthy closing process
  • Surprises in the tax accounts that surface late in the reporting cycle
Risk management
  • Manual processes with multiple touches of data
  • Resource and competency shortages Excessive overtime leading to high staff turnover
  • Poor integration among tax and the business units
  • Internal auditors seeking tax domain experience
Strategy calling for ongoing performance improvement in tax
  • Lack of or inefficient use of technology
  • Overly dependent on spreadsheets
  • Effective tax rate (ETR) materially higher than peer group
  • Compensation models that are not competitive
  • Poor integration among the overall finance function and tax (silo approach)
  • Frustrations in locating finalized documents and managing version and access controls