The practice of tax is becoming more demanding, driven by a fast-evolving regulatory environment, cost pressures and investor scrutiny, as well as the hardening of tax authority and auditor attitudes. This new environment presents new challenges for boards, finance and tax directors, who need to be confident that the tax area is delivering the most value, whilst meeting the demands of the new world. High on this agenda is the need to assess the adequacy of year end tax reporting processes.
Our Tax Accounting services have been developed precisely to meet the demands of this new and more exacting era for tax. We are helping an increasing number of organisations to respond to the new, more challenging environment. We believe that over the next 6 – 18 months, the modern tax department will need to act on the following challenges:
We believe that companies who are not investing in their reporting cycle are storing up trouble for the future.