No matter how well run the tax department is, the chief tax officer always seems to inherit the operational problems of the entire organization. Everything from company accounting system limitations, a lack of policy adherence by other departments, and even a last-second adjustment are all felt by the tax department.
While there is no single solution, new technologies offer tax professionals a host of options for managing data. Some simple steps can help overwhelmed tax leaders better understand the factors to make the tax data management choices relative to their needs.
Source KPMG
