Tax Compliance for Partnerships in the Financial Services Industry
A model of efficiency
Partnership structures within the financial services industry are popular due to their pass-through tax characteristics. However, today’s complex, multi-tiered partnerships create significant tax and accounting challenges.
Historically, tax departments have relied on spreadsheets, yet heavy reliance on spreadsheets and manual processes can lead to a number of issues, including backlogs, poor data quality, and errors.
Deloitte’s tax compliance approach for partnerships in the Financial Services Industry combines standardized processes, technology, and technical specialists to bring efficiencies and transparency to partnership tax compliance and Schedule K-1 generation.