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

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Survey Says Internal Auditors Need More Support from Management

Internal auditors feel they need more visible and vocal support from senior management within their organizations as the changing demands of today’s regulatory and risk environment put  them under increasing pressure to do more with less, according to a new Thomson Reuters survey. In the survey, over 57% of respondents indicated that increased focus on … Read More

New York Tax Leaders Help Each Other with Data Management Issues

New York Tax Leaders Help Each Other with Data Management Issues

Some of the topics discussed at last week’s tax data management roundtable discussion included growing global operations and the need for accuracy and speed in tax processes. The event featured 40 New York tax professionals from companies in the area and many in attendance expressed that multiple systems were a challenge, especially with systems that aren’t integrated. Data can be difficult to find when it’s located … 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