Tax departments must be able to adapt to changing legislation, resource constraints and the increased need for operational efficiencies.
“Now more than ever, there is an opportunity to re-engineer the tax department through process improvement and technology adoption,” states the article from BDO, USA LLP in the July/August issue of CPA Voice. “However, transformation doesn’t happen overnight. Businesses should first take a step back and analyze themselves across four dimensions — process, data, technology and people — to assess their starting point.”
The article goes on to say that while these dimensions all play a role related to one another and are crucial to look at from a holistic approach, incremental improvements for each will make a significant difference for businesses. Read the rest of the article online now.
And hear more from BDO at the fall accounting shows.
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