Many tax departments are grappling with complex compliance and reporting requirements, time-consuming data manipulation and manual processes that create risk. Adding to these challenges are limited resources with the capacity to help with tax strategy planning, as well as a lack of collaboration with finance and other business functions. The result can be inefficiencies across the organization.
Our tax reporting and strategy practice helps tax departments take a closer look at their key assets, including people, processes, data and technology. You’ll see tax from a new angle so you can redesign, redefine and redeploy it as a strategic asset across the enterprise.
The 2020 year-end financial reporting season has arrived for calendar year-end companies. Execution of the close process will be different than in prior years as we move forward remotely. Tax functions need to work differently in order to execute effectively and generate ‘audit ready’ results in a virtual environment.
US Tax Reporting & Strategy (TRS) Leader, McLean, PwC US