Tax & Accounting Blog

Data Management Podcast Series: How a Tax Department Automated 70% of Their Tax Adjustments

Data Management Podcast Series: How a Tax Department Automated 70% of Their Tax Adjustments

Imagine eliminating the risk and time-consuming processes of using Microsoft® Office Excel during your income tax filings and year-end financial close. As part of the latest story in our Data Management Podcast Series, Chip Gooding, Director, Tax Accounting and Reporting at Commercial Metals Company (CMC), shares how transitioning to standardized workpapers helped his tax … Read More

APB 23:  ETR Ally, Audit Risk or Both?

APB 23: ETR Ally, Audit Risk or Both?

What is APB 23? APB 23 (codification effort notwithstanding, old habits die hard) provides an exception to the general rule that a U.S. multinational company must provide U.S. taxes on the foreign earnings of its controlled non-U.S. affiliates. More specifically, APB 23 is the accounting rule that allows a U.S. multinational to assert that its … Read More

Planning to Win the Data Management Lottery? Attend this Webcast To Find Out…

Planning to Win the Data Management Lottery? Attend this Webcast To Find Out…

How can you leverage the work you have done to allow others to quickly access it and pick up where you left off? When you use software to compute your income tax provision, you have a powerful tool to enable efficient processes. How you (and the people who follow you) use this tool is what … Read More

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Industry Leaders Talk Data Management in Pittsburgh

I recently caught up with 25 senior tax professionals from the Pittsburgh business community to gain valuable insight through interaction.  During the roundtable, top tax professionals shared their challenges with technology and the gaps that exist in streamlining the data management aspect of their day to day tasks. This interactive corporate tax discussion brought together professionals representing a diverse range of departments … Read More

Data Management Podcast Series: Why Data Management Processes are Priceless to This Tax Department

Data Management Podcast Series: Why Data Management Processes are Priceless to This Tax Department

What if you could improve visibility into — and control over — your company’s tax data and tax-related systems and processes? Overall, how could you benefit from standardizing calculations?  A year and a half ago, these are the questions that one global tax department looked into. Challenged with a material weakness and improving their spreadsheet-based tax process, they were forced … Read More

The Ripple Effect of an R&D Tax Credit Study’s Real Costs

The Ripple Effect of an R&D Tax Credit Study’s Real Costs

What is the most time consuming part of your current R&D tax credit study process? I asked this question to more than 130 tax professionals who joined my co-sponsored webcast with one of our major pharmaceutical manufacturing clients: Automating R&D Tax Credit Management. Of the respondents, 50% said that scheduling, conducting, or documenting interviews through narratives was … Read More