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Operations Transformation for Tax
See beyond your current tax operating model
Growing complexity in global tax regulations, the relentless wave of technology change, and a shortage of tax talent are colliding to create greater potential risk and cost exposures for your organization. Deloitte can help you transform your tax operating model to address these challenges and position your tax function and business for the future.
Explore Content
- Redefine your tax operating model
- Specialized approaches to tax operating model transformation
- Learn more about finding the right fit on the tax operating model continuum
- Navigating the tax operating model continuum
- Why choose Deloitte to help with your tax operating model journey?
Redefine your tax operating model
Like many leaders, you may be realizing that your current tax operating model isn't equipped to handle the mounting pressures of today's tax reality.
More traditional models are often powered by a mix of in-house staff, multiple external vendors, and point technology solutions. These models can be expensive, inefficient, and unable to keep pace with the speed of change globally. How can you find ways to work smarter, faster, and cheaper?
A growing need for combined tax technical and technology skill sets, along with increasing complexities in tax laws, can make it harder to assemble a team that successfully addresses your tax obligations, much less creates value for your business. How can you more effectively access the right people to meet your needs?
The sheer amount of data coming through tax departments can be daunting. Knowing how to adapt your organization's tax operating model to extract meaningful insights from the data and mitigate the potential for risk exposure can be difficult. How can you predict and plan accordingly?
Specialized approaches to tax operating model transformation
Deloitte can help you analyze your current tax department capabilities across talent, technology, data, processes, and risk management.
- What functions should your tax team manage largely in-house (insourcing)?
- What should you outsource with the help of a third-party?
- How can you use technology to potentially improve productivity and lower costs?
- How might your talent models need to evolve?
Transformation is not a one-size-fits-all endeavor. Together we’ll explore options for your future tax operating model and identify opportunities for creating potential efficiency improvements, cost savings, resource reallocations, and increased business value.
Learn more about finding the right fit on the tax operating model continuum.
Navigating the tax operating model continuum—options may include:
| Modernizing traditional models with technology and process support Opportunities abound to increase productivity, reduce cycle times, and get sharper insights from your existing tax operating model. We work with tax leaders to: streamline and automate tax processes, apply technology to create efficiencies and manage information more effectively, and enhance talent and leverage models. Our robust approaches help you address specific quality and cost control objectives to create value for your organization. |
| Leveraging outsourcing to get the basics done so you can focus on increasing strategic impact With the extraordinary volume of regulatory changes and increasing complexity in tax law, tax departments are spending an inordinate amount of time on tax compliance and financial reporting. This leaves them little to no time for planning or identifying and managing risk. Adding to the challenge, many organizations are finding it difficult to hire and retain the talent and skills they need. Outsourcing can help liberate tax department resources from essential, but low-value activities, and shift focus to strategy, planning, and other high-value tasks. |
| Innovating new tax operations and talent models For some, the pressures of today’s tax reality have a hit a tipping point, and traditional solutions are falling short of growing needs. Deloitte helps you look beyond traditional tax insourcing and outsourcing paradigms to create new models for transforming your tax department and addressing the tax challenges you face. We provide a broad and flexible set of offerings that enable you to retain core tax planning and management responsibilities in house, while Deloitte assists you with tax compliance, technology, processes, and potentially the transfer of some portion of your tax personnel. Tailoring your operating and resource model to the needs of your business may help you streamline operations, alleviate resource constraints, reduce costs, and amplify the value your tax department delivers. |
See beyond your existing tax operating model with Deloitte
We use our deep tax knowledge, advisory and compliance capabilities, and global network to help you design and deliver a reimagined tax operating model that aligns your tax function with your business goals.
Why choose Deloitte to help with your tax operating model journey?
Innovation in technology and analytics:
- The myInsight technology platform integrates statutory accounting and tax transaction, compliance, data analytics, and planning needs and interfaces with tax and core business systems.
- Our tax analytics teams combine advanced analytics, data science skills, and proprietary tools with extensive tax knowledge to help clients achieve a deeper understanding of their data and how it may be used to deliver stronger outcomes.
Leadership in tax and consulting talent models:
- Access to a global network of practitioners built over 15-plus years, with deep tax technology and tax technical skills, and business acumen.
- Large-scale, dedicated tax workforce located in centers of excellence worldwide.
- Human Capital and Organization Transformation & Talent consulting help align your culture, structure, and talent with your business strategy in the face of change.
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Introducing the Power of With The future of tax functions—today By harnessing the Power of With, digital technologies and automation bolster confidence by supporting and amplifying the abilities of tax professionals. |
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Related insights and resources:
- COVID-19 Crisis: Respond. Recover. Thrive.
Learn how tax leaders can navigate volatility with clarity, confidence, and insight as the pandemic sends shockwaves through the global economy. - Building the tax function of tomorrow—today
This Deloitte Insights report examines the tax function's shift from stewards of compliance—to leaders of value creation and transparency. The piece explores how cognitive technologies and new digital models have influenced tax leaders' vision for the future.
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The future of tax and legal functions, today