State and local tax compliance is getting more and more challenging for corporate tax departments. Taxpayers need a user-friendly database tool that adheres to state-specific rulesets while enabling versatile reporting and adding value through a deeper analysis of state apportionment. Deloitte has a solution.
As businesses continue to expand in complexity and geographic footprint, the process of gathering, calculating, reporting, and analyzing apportionment data for state and local tax compliance has proven increasingly challenging for many corporate tax departments.
Departments are often challenged by a manual, spreadsheet-based process that involves a large volume of data and is time consuming. Given the state-by-state complexity, lack of uniform rules, and frequent changes in law, taxpayers often struggle with the proper application of state rules related to apportionment. Couple that with a tax department that may have limited resources and competing department priorities, and the ability to add value through a deeper analysis of state apportionment is frequently challenging.
Taxpayers need a user-friendly, robust database solution driven by state-specific rulesets. They need versatile reporting and analytics capabilities to take control of their current apportionment process and start adding value through state apportionment.
Deloitte has developed a multistate tax technology solution that can help.
State Apportionment Insight is Deloitte’s web-based technology solution to help taxpayers take control of their state apportionment. This offering is scalable depending on a tax department’s particular needs and circumstances with the ability to leverage Deloitte specialists and also for more independent tax department use of the technology.