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.
