What’s ‘Taxing’ Finance Executives? Staying Ahead of the Curve on Tax Complexity

COVID-19 and the recent supply chain issues have forced companies to adapt by changing their sales strategy and/or locations of their business units. Changes in operations bring with them an increased need to respond to audit requests from new or more local tax authorities. Result - a company's use tax practices are becoming increasingly complex and are straining a company's ability to remain compliant.

Coupled with the increase in online commerce across different tax regimes and a growing workforce shortage of tax professionals, it’s more critical than ever that CFOs and financial executives retain the ability to plan or forecast the risks and strategies needed to align tax liabilities with operational profitability to protect a company's bottom line.