Income tax accounting is tough. The "get it done and out the door" approach is all too familiar for companies adhering to tight deadlines. But there is a better way. World-class tax departments implement strategic processes to add value to the organization:
- Strategy 1: Think from the top down
- Strategy 2: Minimize risk by reducing reconciliations
- Strategy 3: Improve process transparency
See the results when streamlined provision processes free up tax teams for high-value activities such as tax planning, forecasting and modeling business scenarios.