BDO United States

TAX PROCESS EFFICIENCY AND TECHNOLOGY SERVICES

Sarbanes-Oxley and ASC 740-10 have placed an unprecedented level of scrutiny on corporate income taxes, further increasing the level of precision needed and the documentation required. Many companies that historically relied on spreadsheet-based calculations have implemented third-party software packages to automate quarterly and year-end tax provision preparation processes.

BDO’s Tax Process Efficiency and Technology practice takes a hands-on, collaborative approach when designing and implementing tax provision software. We work with you to address, design and plan the approach to the entire corporate tax function from data recording and preparing the quarterly/annual provision to filing tax returns and the return-to-provision process. Our professionals have vast experience in all major vendor software in this area, including ONESOURCE™ Tax Provision, CCH Global Integrator, Longview and CorpTax. All of this is done with close involvement of both your team and our BDO professionals.

Tax processes and technology are converging and becoming further blurred every day. BDO assists our clients with tax process and technology opportunities in three key areas:

Implementation of vendor technology

BDO provides experienced resources that will assist you with the implementation of standard applications (vendor technology) to replace manual and inefficient processes.

Customized Solutions

BDO also provides services or stand-alone tools to address specific and unique areas of need including services focused on software customization and post migration/implementation assistance. Further, we have a number of unique tools to help automate a number of functions and convert data from multi-source to single-source, allowing this single source data to be used in a number of ways.

Portals

Client portals, built on SharePoint technology, are a response to the increasing needs of corporate tax departments to manage multiple projects in multiple jurisdictions. These tools allow this to be done on a collaborative basis including communicating with internal and external professionals, document management, data sharing, and calendaring due dates and reminders for global compliance.

For more information on our Tax Process Efficiency and Technology Services, please contact: