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 impact of the COVID-19 health crisis on business operations and the workforce highlights the critical need for preparedness, cost effectiveness, and agility moving forward. The Tax function is no exception. Many are working to increase operational resilience and address virtual work challenges that strain day-to-day activities.
In this series, we will explore how leading Tax functions are enhancing collaboration, considering new operating models, and leveraging data automation to work differently - doing more with less.
US Tax Reporting & Strategy (TRS) Leader, McLean, PwC US