Improving the Tax Reporting Process

For many tax professionals the year-end and interim processes are not the most favoured aspect of their job. Tax is a discipline of concepts whereas reporting involves managing large volumes of data. However by streamlining the process and investing in improved systems more time can be spent on understanding the trends rate drivers and risks and focusing on addressing areas of concern rather than processing data. The forecast and reporting cycle can provide a good platform for sharing information among the tax team and connecting with other functions and should provide a robust basis...