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Spreadsheets to Submit Your Income Tax Provisions? – So 2010!
This article addresses Tax Directors and Managing Directors working quarterly and at year-end to develop their company's tax provisions and related tax disclosures using a spreadsheet application. Taxand US discuss the challenges with working on spreadsheets applications and why there are so many problems with income tax accounting.
Even if a company is currently happy with using a spreadsheet application for determining their income tax provision, we ask them to take a fresh look at how improving their tax provision processes and using an income tax provision application, instead of their current spreadsheet application, can lower their tax risk, expand their "bandwidth" by creating time, and save them money.
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T. +1 305 704 6710