Remodelling tax departments for the future
In this issue of CFO Insights, we’ll discuss some of the conditions that are leading many companies to reassess how their tax divisions operate—and to challenge everything from the capabilities of their staff to their data-collection processes— as they refocus their tax operations.
With mounting regulatory requirements, talent gaps, and cost concerns, many large tax departments are facing efficiency challenges as a result of their current operating systems. At the same time, companies are considering their tax divisions as sources of additional value and confidence.
According to Deloitte’s 2019 survey, tax leaders are considering new ways to structure their organizations, not only to keep doing their jobs effectively, but also to maintain visibility, transparency, and governance globally.
Another essential consideration is how to create systems that can access, retrieve, manage, and analyze data as needed. Any company aiming to modify their tax strategy therefore needs to determine whether their revenue data is accurate and easy to access—and whether they might need updates down the line.
Download the report to learn more on how to align the tax workforce with company transformation, avoid technology pitfalls, and tax operating models.